224,790,772 shares outstanding........
March 31, March 31, Inception to
2006 2005 March 31, 2006
Operating costs and expenses:
General and administrative expenses,
except stock based compensation $ 400,199 $ 91,954 $ 1,928,144
Stock-based compensation 498,138 2,154,941 245,937,577
Loss from operations (898,337 ) (2,246,895 ) (247,865,721 )
Other income and (expenses)
Interest Income - 1 18
Gain on settlement - - 197,033
Cost of rescission - - (43,074 )
Cost of re-capitalization - - (273,987 )
Goodwill impairment - - (541,101 )
Interest expense (7,713 ) - (1,923,803 )
Change in value of derivative financial instruments 362,877 - 110,379
Total other income and (expenses), net 355,164 1 (2,474,535 )
Net loss (543,173 ) (2,246,894 ) (250,340,256 )
Weighted average shares outstanding - basic and diluted 224,790,772 83,852,510
