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Condensed Consolidated Statements of Operations (USD $)
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3 Months Ended | 9 Months Ended | 26 Months Ended | ||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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| Revenue | $ 27,589 | $ 0 | $ 54,968 | $ 0 | $ 54,968 |
| Expenses | |||||
| General and administrative | 48,171 | 54,686 | 235,231 | 142,924 | 502,416 |
| Professional fees | 68,028 | 21,066 | 199,244 | 57,067 | 963,610 |
| Salaries and office administrative fees | 120,021 | 347,708 | 491,816 | 581,067 | 1,269,658 |
| Research and development | 663,885 | 292,205 | 1,734,363 | 909,929 | 3,427,589 |
| Total Operating Expenses | 900,105 | 715,665 | 2,660,694 | 1,690,987 | 6,163,273 |
| Net Loss | $ (872,516) | $ (715,665) | $ (2,605,726) | $ (1,690,987) | $ (6,108,305) |
| Net Loss per Share - Basic and Diluted | $ (0.09) | $ (0.12) | $ (0.28) | $ (0.34) | |
| Weighted Average Shares Outstanding - Basic and Diluted | 9,697,376 | 5,898,270 | 9,169,675 | 4,950,534 | |
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- Definition
Total Operating Expenses No definition available.
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- Definition
The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS. No definition available.
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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
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Expenditures for salaries of officers. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. 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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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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