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UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
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3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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| Cash Flows for Operating Activities: | ||
| NET INCOME (LOSS) | $ (1,287,184)us-gaap_ProfitLoss | $ 3,962,328us-gaap_ProfitLoss |
| Adjustments to reconcile net loss to net income (loss) to cash used by operating activities: | ||
| Stock and warrants issued for services rendered | 0us-gaap_ProceedsFromIssuanceOfWarrants | 7,228us-gaap_ProceedsFromIssuanceOfWarrants |
| Stock and warrants issued for Director Fees | 4,991fil_StockAndWarrantsIssuedForDirectorFees | 15,144fil_StockAndWarrantsIssuedForDirectorFees |
| Stock and warrants issued for Finance Costs | 34,200fil_StockAndWarrantsIssuedForFinanceCosts | 0fil_StockAndWarrantsIssuedForFinanceCosts |
| Amortization of bond discount | 518,900us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments | 479,003us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments |
| Amortization of deferred finance costs | 0us-gaap_AccumulatedAmortizationOfCurrentDeferredFinanceCosts | 4,835us-gaap_AccumulatedAmortizationOfCurrentDeferredFinanceCosts |
| Depreciation expense | 6,250us-gaap_DepreciationAmortizationAndAccretionNet | 6,250us-gaap_DepreciationAmortizationAndAccretionNet |
| Fair value adjustment of Derivative Liability | 0us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet | (5,364,711)us-gaap_DebtInstrumentIncreaseDecreaseForPeriodNet |
| Changes in assets and liabilities: | ||
| (Increase) in prepaid expenses | (77,799)us-gaap_IncreaseDecreaseInPrepaidExpense | (17,466)us-gaap_IncreaseDecreaseInPrepaidExpense |
| Decrease in security deposits | 0us-gaap_IncreaseDecreaseInSecurityDeposits | 845us-gaap_IncreaseDecreaseInSecurityDeposits |
| Increase in accounts payable | 156,832us-gaap_IncreaseDecreaseInAccountsPayable | 117,225us-gaap_IncreaseDecreaseInAccountsPayable |
| Increase in accrued liabilities | 242,042us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities | 108,787us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities |
| Net Cash (Used) by Operating Activities | (401,768)us-gaap_NetCashProvidedByUsedInOperatingActivities | (680,531)us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash Flows from Investing Activities: | 0us-gaap_NetCashProvidedByUsedInInvestingActivities | 0us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash Flow from Financing Activities: | ||
| Proceeds of loan payable, related party | 391us-gaap_RepaymentsOfDebt | 0us-gaap_RepaymentsOfDebt |
| Proceeds from issuance of convertible debentures | 362,500us-gaap_ProceedsFromConvertibleDebt | 0us-gaap_ProceedsFromConvertibleDebt |
| Proceeds from issuance stock and exercise of warrants | 48,500us-gaap_ProceedsFromIssuanceOfCommonStock | 284,250us-gaap_ProceedsFromIssuanceOfCommonStock |
| Net Cash Provided by Financing Activities | 411,392us-gaap_NetCashProvidedByUsedInFinancingActivities | 284,250us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Increase (Decrease) in Cash | 9,624us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (396,281)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash at Beginning of Period | 1,383us-gaap_CashAndCashEquivalentsAtCarryingValue | 493,104us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash at End of Period | 11,007us-gaap_CashAndCashEquivalentsAtCarryingValue | 96,823us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Supplemental Disclosures of Cash Flow Information: | ||
| Interest | 0us-gaap_InterestPaidNet | 0us-gaap_InterestPaidNet |
| Income Taxes | $ 0us-gaap_IncomeTaxesPaid | $ 0us-gaap_IncomeTaxesPaid |
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- Definition
Stock and warrants issued for Director Fees during the period No definition available.
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- Definition
Stock and warrants issued for Finance Costs during the period No definition available.
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- Definition
The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount of accumulated amortization of current deferred finance costs capitalized at the end of the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net increase or decrease in the carrying amount of the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of accrued expenses and other operating obligations not separately disclosed in the statement of cash flows. No definition available.
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- Details
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- Definition
The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in security deposits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. No definition available.
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- Details
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