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Consolidated Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 6 Months Ended | 15 Months Ended | ||
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Jun. 30, 2012
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Jun. 30, 2011
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Jun. 30, 2012
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Jun. 30, 2011
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Jun. 30, 2012
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| Income Statement [Abstract] | |||||
| Net revenues | |||||
| Operating expenses: | |||||
| Payroll expense and stock based compensation | 86,262 | 106,033 | 3,714,174 | 115,033 | 4,224,544 |
| Exploration cost | 29,587 | 61,620 | 40,536 | 61,620 | 196,899 |
| Impaiment of mineral rights | 500,000 | 500,000 | 500,000 | ||
| Professional and consulting | 38,324 | 145,279 | 109,311 | 264,094 | 417,560 |
| General and administrative expenses | 117,590 | 53,585 | 216,971 | 69,422 | 534,545 |
| Total operating expenses | 271,763 | 866,517 | 4,080,992 | 1,010,169 | 5,873,548 |
| Loss from operations | (271,763) | (866,517) | (4,080,992) | (1,010,169) | (5,873,548) |
| Other income (expense) | |||||
| Gain from settlement of debt | 28,244 | ||||
| Interest income (expense), net | (31,411) | (160,348) | (51,632) | (457,179) | (412,956) |
| Derivative liability expense | (174,129) | (174,129) | (174,129) | ||
| Change in fair value of derivative liabilities | 44,735 | (7,594,470) | 44,735 | (13,062,181) | (636,205) |
| Total other expenses | (160,805) | (7,754,818) | (181,026) | (13,491,116) | (1,223,290) |
| Net Loss | $ (432,568) | $ (8,621,335) | $ (4,262,018) | $ (14,501,285) | $ (7,096,838) |
| NET LOSS PER COMMON SHARE: | |||||
| Basic and Diluted | $ (0.04) | $ (0.02) | $ (0.08) | $ (0.03) | |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - Basic and Diluted | 253,033,555 | 198,366,889 | 245,467,621 | 189,985,274 | 225,568,277 |
| X | ||||||||||
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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. No definition available.
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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. No definition available.
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. 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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- Details
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- Definition
The increase (decrease) during the period in the carrying value of derivative instruments reported as liabilities that are due to be disposed of within one year (or the normal operating cycle, if longer). No definition available.
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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. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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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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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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