Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations (Unaudited)

 v2.3.0.11
Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended 45 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Statements Of Operations          
REVENUES          
COST OF SALES          
GROSS PROFIT          
OPERATING EXPENSES          
General and administrative 228,387 340,096 517,362 613,544 2,853,927
Research and development 73,144 14,497 350,407 73,399 628,958
Total Operating Expenses 301,531 354,593 867,769 686,943 3,482,885
OPERATING LOSS (301,531) (354,593) (867,769) (686,943) (3,482,885)
OTHER INCOME AND EXPENSE          
Interest expense (84) (2,495) (2,433) (19,288) (49,723)
Gain/(Loss) on derivative liability (2,835,983) 140,969 (2,945,196) 140,969 (1,464,610)
Gain on sale of assets     70,500   70,500
Other income and expense 50 39,514 1,662 68,101 159,824
Total Other Income and Expense (2,836,017) 177,988 (2,875,467) 189,782 (1,284,009)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (3,137,548) (176,605) (3,743,236) (497,161) (4,766,894)
PROVISION FOR INCOME TAXES          
LOSS BEFORE DISCONTINUED OPERATIONS (3,137,548) (176,605) (3,743,236) (497,161) (4,766,894)
Income from discontinued operations (including gain on disposal of $606)         678,413
Income tax benefit          
GAIN ON DISCONTINUED OPERATIONS         678,413
NET LOSS $ (3,137,548) $ (176,605) $ (3,743,236) $ (497,161) $ (4,088,481)
BASIC LOSS PER SHARE          
Continuing operations $ (0.08) $ 0.00 $ (0.10) $ (0.02)  
Discontinued operations $ 0 $ 0 $ 0 $ 0  
[EarningsPerShareBasic] $ (0.08) $ 0.00 $ (0.10) $ (0.02)  
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:          
BASIC AND DILUTED 39,702,580 35,379,778 38,317,672 31,742,119