CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
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12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Income Statement [Abstract] | |||
Revenues | $ 240,000us-gaap_Revenues | $ 0us-gaap_Revenues | $ 0us-gaap_Revenues |
Operating expenses | 3,284,666us-gaap_OperatingExpenses | 11,884,775us-gaap_OperatingExpenses | 7,187,970us-gaap_OperatingExpenses |
Research and development expenses | 893,452us-gaap_ResearchAndDevelopmentExpense | 2,011,486us-gaap_ResearchAndDevelopmentExpense | 963,184us-gaap_ResearchAndDevelopmentExpense |
Loss before other income (expense) | (3,938,118)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (13,896,261)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (8,151,154)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
Other income (loss) | (28,598)us-gaap_OtherNonoperatingIncomeExpense | (23,895)us-gaap_OtherNonoperatingIncomeExpense | 24,723us-gaap_OtherNonoperatingIncomeExpense |
Interest and financing expense | (39,619)us-gaap_InterestAndDebtExpense | (260)us-gaap_InterestAndDebtExpense | (3,627,732)us-gaap_InterestAndDebtExpense |
Change in fair value of derivative liabilities | 0us-gaap_UnrealizedGainLossOnDerivatives | (220,614)us-gaap_UnrealizedGainLossOnDerivatives | (4,023,094)us-gaap_UnrealizedGainLossOnDerivatives |
Gain on extinguishment of derivative liabilities | 0us-gaap_DerivativeGainLossOnDerivativeNet | 3,441,752us-gaap_DerivativeGainLossOnDerivativeNet | 2,445,095us-gaap_DerivativeGainLossOnDerivativeNet |
Gain on disposition of equipment | 0us-gaap_GainLossOnDispositionOfAssets | 41,923us-gaap_GainLossOnDispositionOfAssets | 0us-gaap_GainLossOnDispositionOfAssets |
Settlement of litigation and debt | 0us-gaap_LitigationSettlementExpense | 346us-gaap_LitigationSettlementExpense | 239,775us-gaap_LitigationSettlementExpense |
Net loss | $ (4,006,335)us-gaap_NetIncomeLoss | $ (10,657,009)us-gaap_NetIncomeLoss | $ (13,092,387)us-gaap_NetIncomeLoss |
Net loss per common share, basic and diluted | $ (0.02)us-gaap_EarningsPerShareBasicAndDiluted | $ (0.07)us-gaap_EarningsPerShareBasicAndDiluted | $ (0.10)us-gaap_EarningsPerShareBasicAndDiluted |
Weighted average common shares outstanding, basic and diluted | 180,386,712us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 160,958,284us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted | 128,667,391us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted |
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of litigation expense, including but not limited to legal, forensic, accounting, and investigative fees. No definition available.
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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