Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Stockholders' Equity

v2.4.0.6
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 Dec. 31, 2010 $ 300   $ 17,061 $ 28,831,876 $ (36,059,816) $ (7,210,579)
Beginning 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 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      
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         (4,811,072) (4,811,072)
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