Quarterly report pursuant to sections 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' (DEFICIENCY) EQUITY

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CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' (DEFICIENCY) EQUITY (USD $)
Common Stock [Member]
Additional Paid-In Capital [Member]
Accumulated Deficit During Development Stage [Member]
Total
Balance at Dec. 31, 2012 $ 2,159 $ 16,800,829 $ (15,844,280) $ 958,708
Balance (in shares) at Dec. 31, 2012 2,159,130      
Stock based compensation 0 392,323 0 392,323
Warrants issued for services rendered 0 10,435 0 10,435
Net loss 0 0 (2,001,203) (2,001,203)
Balance at Mar. 31, 2013 $ 2,159 $ 17,203,587 $ (17,845,483) $ (639,737)
Balance (in shares) at Mar. 31, 2013 2,159,130