Annual report pursuant to section 13 and 15(d)

7. Derivative liability (Details Narrative)

v2.4.0.6
7. Derivative liability (Details Narrative) (USD $)
12 Months Ended 178 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Derivative Liability      
Unrealized gain/loss on derivatives $ (4,023,094) $ 2,021,536 $ (1,894,893)
Warrants expired unexercised 220,000    
Warrants exercised 3,690,000    
Gain related to the extinguishment of derivative liability 2,445,095    2,445,095
Fair value of derivative liabilities $ 3,221,138 $ 1,643,139 $ 3,221,138