• Filing Date: 2013-04-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.6
Reconciliation of income tax rate (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Expected federal income tax benefit $ 627,410 $ 4,220,745
Valuation allowance (1,928,362) (1,530,637)
Debt Settlement Expense 8,940 (383,831)
Impairment Loss (9,195) (1,090,846)
Derivative Expense 1,581,360 (836,831)
Amortization of beneficial Conversion Discount (99,632) (291,175)
Other (167,871) (87,969)
Expiration of Net Operating Loss Carryover (12,650) 0
Income tax expense (benefit) $ 0 $ 0