Wednesday, April 16, 2014 1:03:58 PM
Statements Of Cash Flows (USD $)
12 Months Ended
139 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss for the period $ (22,142,473) $ (946,926) $ (23,385,789)
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock for services 1,467,703 776,000 2,243,803
Derivative expense from convertible notes 19,907,242 19,907,242
Available-for-sale securities compensation 480,000 480,000
Forgiveness of debt (111,610) (111,610)
Depreciation 2,442 98 2,660
Changes in Operated Assets and Liabilities:
Advances to related parties 4,907 440
Accounts payable and accrued expenses 3,612 10,519 11,166
Accounts payable to related parties 115,110
Net cash used in operating activities (388,177) (159,869) (737,418
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