Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 9 Months Ended | 45 Months Ended | ||
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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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 |
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- Definition
The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS.
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The gains (losses) included in earnings resulting from the sale or disposal of tangible assets. This item does not include any gain (loss) recognized on the sale of oil and gas property or timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) derived from discontinued operations during the period, net of related tax effect, per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). 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.
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The net result for the period of deducting operating expenses from operating revenues.
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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
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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