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Consolidated Statements of Operations (Unaudited) (USD $)
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2 Months Ended | 3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2011
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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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| Income Statement [Abstract] | |||||
| Net revenues | |||||
| Operating expenses: | |||||
| Payroll expense and stock based compensation | 98,033 | 106,033 | 508,798 | 115,033 | 867,292 |
| Exploration cost | 61,620 | 61,620 | 61,620 | ||
| Impairment of mineral rights | 500,000 | 500,000 | 500,000 | ||
| Professional and consulting | 145,279 | 145,279 | 1,932,300 | 264,094 | 2,698,986 |
| General and administrative expenses | 45,742 | 53,585 | 256,592 | 69,422 | 275,394 |
| Total operating expenses | 850,674 | 866,517 | 2,697,690 | 1,010,169 | 3,841,672 |
| Loss from operations | (850,674) | (866,517) | (2,697,690) | (1,010,169) | (3,841,672) |
| Other income (expense) | |||||
| Gain from settlement of debt | 28,244 | ||||
| Interest income (expense), net | (160,348) | (160,348) | (81,522) | (457,179) | (111,531) |
| Derivative liability expense | (2,309,910) | (3,260,076) | |||
| Change in fair value of derivative liabilities | (7,594,470) | (7,594,470) | 2,018,205 | (13,062,181) | 2,399,047 |
| Total other income (expense) | (7,754,818) | (7,754,818) | (373,227) | (13,491,116) | (972,560) |
| Loss before provision for income taxes | (8,605,492) | (8,621,335) | (3,070,917) | (14,501,285) | (4,814,232) |
| Provision for income taxes | |||||
| Loss from continuing operations | (8,605,492) | (8,621,335) | (3,070,917) | (14,501,285) | (4,814,232) |
| Loss from discontinued operations, net of tax | (6,934) | ||||
| Net loss | $ (8,605,492) | $ (8,621,335) | $ (3,070,917) | $ (14,501,285) | $ (4,821,166) |
| Net loss per common share: | |||||
| Basic and Diluted | $ (0.04) | $ (0.04) | $ (0.02) | $ (0.08) | $ (0.03) |
| Weighted average common shares outstanding | 202,924,464 | 198,366,889 | 172,536,325 | 189,985,274 | 156,718,707 |
| X | ||||||||||
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- Definition
Fair value as of the issuance date of the embedded derivative or group of embedded derivatives included in earnings.
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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
Net Increase or Decrease in the fair value of the derivative or group of derivatives included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
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- Details
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- Definition
Exploration expenses (including prospecting) related to the mining industry would be included in operating expenses. Exploration costs include costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of mineral reserves.
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- Definition
Amount represents the difference between the fair value of the payments made and the carrying amount of the debt at the time of its extinguishment. 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
This element represents the income or loss from continuing operations attributable to the parent which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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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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- Details
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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 net amount of operating interest income (expense). 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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- Details
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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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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues.
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- Definition
The charge against earnings resulting from the write down of long lived assets other than goodwill due to the difference between the carrying value and lower fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of payroll tax expense, compensation, postemployment and benefit-related expenses not elsewhere specified in the taxonomy (such as health plan, profit sharing, incentives, tuition reimbursement, other fringe benefits and perquisites) incurred in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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