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STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 6 Months Ended | 30 Months Ended | ||
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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| Statements Of Operations | |||||
| REVENUE | $ 7,000 | $ 7,000 | $ 314,025 | ||
| COST OF REVENUE | 121,041 | ||||
| GROSS PROFIT | 7,000 | 7,000 | 192,984 | ||
| OPERATING EXPENSES | |||||
| License Maintenance Fees | 50,000 | 375,000 | 475,000 | ||
| Research and development | 101,795 | 2,000 | 204,213 | 2,000 | 354,307 |
| Selling, general and administrative expenses | 441,374 | 24,167 | 581,622 | 25,911 | 871,652 |
| Total operating expenses | 593,169 | 26,167 | 1,160,835 | 27,911 | 1,700,959 |
| Operating loss | (593,169) | (19,167) | 1,160,835 | (20,911) | (1,507,975) |
| Other Income (expense) | |||||
| Interest income (expense) | (17,905) | (36,432) | (36,432) | ||
| Foreign Exchange | (174) | (711) | (5,886) | ||
| Total other income (expense) | (18,079) | (19,167) | (37,143) | (20,911) | (42,318) |
| NET LOSS FROM CONTINUING OPERATIONS | (611,248) | (19,167) | (1,197,978) | (20,911) | (1,550,293) |
| NET LOSS FROM DISCONTINUED OPERATIONS | (155,479) | (155,479) | (155,479) | ||
| NET LOSS | (766,727) | (19,167) | (1,353,457) | (20,911) | 1,550,293 |
| CONTINUING OPERATIONS | $ (1.94) | $ (0.01) | $ 2.12 | ||
| DISCONTINUED OPERATIONS | |||||
| Total | $ (0.01) | $ (2.12) | |||
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 176,407,990 | 9,890 | 167,767,727 | 9,876 | |
| Comprehensive Loss | |||||
| Foreign currency translation adjustment - discontinued operations | (738) | (738) | (738) | ||
| Net income | (766,727) | (19,167) | (1,353,457) | (20,911) | (1,705,772) |
| COMPREHENSIVE INCOME | $ (767,465) | $ (19,167) | $ (1,354,195) | $ (20,911) | $ (1,706,510) |
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Cost of generating revenue from multiple-deliverable arrangements that include licensing fees and maintenance revenue. Licensing revenue is consideration received from another party for the right to use, but not own, certain of the entity's intangible assets. Licensing arrangements include, but are not limited to, rights to use a patent, copyright, technology, manufacturing process, software or trademark. Licensing fees are generally, but not always, fixed as to amount and not dependent upon the revenue generated by the licensing party. An entity may receive licensing fees for licenses that also generate royalty payments to the entity. Maintenance revenue is derived from maintenance services provided under contracts or arrangements with clients. Services may include the maintenance of software, plant and equipment, and facilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items before deduction or consideration of the amount which may be allocable to noncontrolling interests, if any. Includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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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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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.
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The net result for the period of deducting operating expenses from operating revenues.
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Adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity, net of tax, attributable to the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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