Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Deficit

v2.4.0.6
Consolidated Statements of Changes in Stockholders' Deficit (USD $)
Preferred Stock Series A
Common Stock
Additional Paid in Capital
Accumulated Deficit
Total
Beginning balance, value at Dec. 31, 2009 $ 300 $ 12,972 $ 24,224,685 $ (24,480,410) $ (242,453)
Beginning balance, shares at Dec. 31, 2009 3,000,000 129,725,338      
Issuance of common stock for cash, shares   1,500,000      
Issuance of common stock for cash, value   150 74,850   75,000
Issuance of common stock for services, shares   44,388,354      
Issuance of common stock for services, value   4,439 3,180,561   3,185,000
Issuance of common stock in connection with an employment agreement, shares   10,000,000      
Issuance of common stock in connection with an employment agreement, value   1,000 399,000   400,000
Issuance of common stock in connection with an asset purchase agreement, shares   20,000,000      
Issuance of common stock in connection with an asset purchase agreement, value   2,000 798,000   800,000
Contributed officer services     10,000   10,000
Contributed capital     75,000   75,000
Reclassification of derivative liability upon extinguishment of convertible debentures     66,280   66,280
Cancellation of common stock in connection with the spin off agreement, shares   (30,000,000)      
Cancellation of common stock in connection with the spin off agreement, value   (3,000) 3,000    
Cancellation of common stock issued for services rendered, shares   (5,000,000)      
Cancellation of common stock issued for services rendered, value   (500) 500    
Net Loss       (11,579,406) (11,579,406)
Ending balance, value at Dec. 31, 2010 300 17,061 28,831,876 (36,059,816) (7,210,579)
Ending balance, shares at Dec. 31, 2010 3,000,000 170,613,692      
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
Issuance of common stock for accrued director's fees, shares   219,863      
Issuance of common stock for accrued director's fees, value   22 9,978   10,000
Contributed officer services           
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   28,000,000      
Issuance of common stock in connection with the conversion of convertible debentures, value   2,800 697,200   700,000
Issuance of common stock in connection with the exercise of warrants, shares   5,000,000      
Issuance of common stock in connection with the exercise of warrants, value   500 124,500   125,000
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       (8,722,274) (8,722,274)
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