Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements Of Operations

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Condensed Consolidated Statements Of Operations (USD $)
3 Months Ended 95 Months Ended
Aug. 31, 2011
Aug. 31, 2010
Aug. 31, 2011
Operating expenses:      
General and administrative $ 640,803 $ 511,630 $ 11,648,192
Amortization / depreciation 838 549 181,687
Research and development 173,460 27,250 2,402,928
Legal fees 343,523 4,436 1,765,050
Total operating expenses 1,158,624 543,865 15,997,857
Operating loss (1,158,624) (543,865) (15,997,857)
Interest income     1,627
Extinguishment of debt     337,342
Interest expense:      
Interest on convertible debt (2,063)   (736,926)
Interest on notes payable (6,102) (4,085) (129,357)
Loss before income taxes (1,166,789) (547,950) (16,525,171)
Income tax provision      
Net loss (1,166,789) (547,950) (16,525,171)
Constructive preferred stock dividends     (6,000,000)
Convertible preferred stock dividends     (8,550)
Net loss applicable to common shareholders $ (1,166,789) $ (547,950) $ (22,533,721)
Basic and diluted loss per share $ (0.05) $ (0.03) $ (1.72)
Basic and diluted weighted average common shares outstanding 22,290,982 19,975,112 13,132,704