Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Equity

v2.4.0.8
Consolidated Statements of Changes in Stockholders' Equity (USD $)
Preferred Stock Series A
Preferred Stock Series D
Common Stock
Additional Paid in Capital
Accumulated Deficit
Total
Beginning balance, value at Apr. 24, 2011 $ 300   $ 18,583 $ 29,215,354 $ (41,947,270) $ (12,713,033)
Beginning balance, shares at Apr. 24, 2011 3,000,000   185,833,555      
Issuance of common stock for cash, shares     11,000,000      
Issuance of common stock for cash, value     1,100 548,900   550,000
Issuance of common stock for services, shares     1,000,000      
Issuance of common stock for services, value     100 129,900   130,000
Contributed capital       95,000   95,000
Reclassification of derivative liability upon extinguishment of convertible debentures       12,857,466   12,857,466
Issuance of common stock in connection with the conversion of convertible debentures, shares     18,000,000      
Issuance of common stock in connection with the conversion of convertible debentures, value     1,800 448,200   450,000
Stock-based compensation in connection with options granted       332,132   332,132
Issuance of common stock in connection with the transfer and conveyance of unpatented mining claims, shares     10,000,000      
Issuance of common stock in connection with the transfer and conveyance of unpatented mining claims, value     1,000 499,000   500,000
Net Loss         (2,834,820) (2,834,820)
Ending balance, value at Dec. 31, 2011 300   22,583 44,125,952 (44,782,090) (633,255)
Ending balance, shares at Dec. 31, 2011 3,000,000   225,833,555      
Issuance of common stock for services, shares     25,000,000      
Issuance of common stock for services, value     2,500 3,497,500   3,500,000
Beneficial conversion feature in connection with a convertible promissory note       90,000   90,000
Issuance of common stock in connection with the conversion of convertible debentures, shares     2,200,000      
Issuance of common stock in connection with the conversion of convertible debentures, value     220 54,780   55,000
Stock-based compensation in connection with options granted       41,516   41,516
Issuance of preferred stock for cash, shares   1,000,000        
Issuance of preferred stock for cash, value   100   49,900   50,000
Net Loss         (4,811,073) (4,811,073)
Ending balance, value at Dec. 31, 2012 300 100 25,303 47,859,648 (49,593,162) (1,707,811)
Ending balance, shares at Dec. 31, 2012 3,000,000 1,000,000 253,033,555      
Reclassification of derivative liability upon extinguishment of convertible debentures       6,332   6,332
Issuance of common stock in connection with the conversion of convertible debentures, shares     8,112,733      
Issuance of common stock in connection with the conversion of convertible debentures, value     811 310,718   311,529
Cancellation of common stock, shares     (34,500,000)      
Cancellation of common stock, value     (3,450) 3,450    
Net Loss         624,118 624,118
Ending balance, value at Dec. 31, 2013 $ 300 $ 100 $ 22,664 $ 48,180,148 $ (48,969,044) $ (765,832)
Ending balance, shares at Dec. 31, 2013 3,000,000 1,000,000 226,646,288