Note Payable and Convertible Notes (Details) (USD $)
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 27, 2011
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Summary of senior subordinated unsecured convertible promissory notes | |||
Principal amount | $ 900,000 | ||
Less: original issuance discount | 150,000 | ||
Less: discount related to the beneficial conversion feature | (372,850) | ||
Carrying value at December 31, 2012 and 2011, respectively | 124,363 | ||
8% Senior Subordinated Unsecured Convertible Promissory Notes [Member]
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Summary of senior subordinated unsecured convertible promissory notes | |||
Principal amount | 900,000 | 900,000 | |
Less: original issuance discount | (150,000) | (150,000) | |
Less: discount related to fair value of derivative warrants | (377,150) | (377,150) | |
Less: discount related to the beneficial conversion feature | (372,850) | (372,850) | |
Add: amortization of discount | 900,000 | 124,363 | |
Less: principal amount converted to stock | (900,000) | ||
Carrying value at December 31, 2012 and 2011, respectively | $ 124,363 |
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- Definition
Debt instrument amortization of discount. No definition available.
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X | ||||||||||
- Definition
Debt instrument discount related to the beneficial conversion feature. No definition available.
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X | ||||||||||
- Definition
Debt instrument principal amount converted to common stock. No definition available.
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X | ||||||||||
- Definition
Discount related to fair value of derivative warrants. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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