Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2014 |
Sep. 30, 2015 |
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| Operating expenses | ||||
| Operations and development costs | $ 546,112 | $ 37,426 | $ 55,228 | $ 1,181,306 |
| Business development and management costs | 776,916 | 192,138 | 214,173 | 1,888,844 |
| Total operating expenses | 1,323,028 | 229,564 | 269,401 | 3,070,149 |
| Loss from operations | (1,323,028) | $ (229,564) | $ (269,401) | (3,070,149) |
| Other expense (income) | ||||
| Increase in fair value of derivative liabilities | 276,937 | 5,776,255 | ||
| Interest expense | 492,051 | $ 2,942 | $ 2,942 | 1,126,090 |
| Interest income | (7,675) | (10,131) | ||
| Other income | (144) | $ (19) | $ (19) | (207) |
| Total other expenses, net | 761,168 | 2,924 | 2,924 | 6,892,006 |
| Loss before income tax expense | $ (2,084,196) | $ (232,488) | $ (272,325) | (9,962,155) |
| Income tax expense | 2,400 | |||
| Net loss | $ (2,084,196) | $ (232,488) | $ (272,325) | $ (9,964,555) |
| Weighted average shares outstanding, basic and diluted (in shares) | 10,759,187 | 4,363,641 | 4,363,641 | 6,495,490 |
| Basic and diluted net loss per common share (in dollars per share) | $ (0.19) | $ (0.05) | $ (0.06) | $ (1.53) |
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- Definition Generally operations development costs associated with normal operations except for the portion of these expenses which can be clearly related to production and development costs. No definition available.
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- Definition Business development involves the development of products and services, their delivery, design and their implementation. Business development includes a number of techniques designed to grow an economic enterprise. Such techniques include, but are not limited to, assessments of marketing opportunities and target markets, intelligence gathering on customers and competitors, generating leads for possible sales, follow-up sales activity, formal proposal writing and business model design. Business development involves evaluating a business and then realizing its full potential, using such tools as marketing, sales, information management and customer service. 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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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. 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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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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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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- References No definition available.
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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 aggregate amount of other income 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 recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items. 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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