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Convertible Notes Payable (Details Narrative 6) (USD $)
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9 Months Ended | 0 Months Ended | |
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Sep. 30, 2012
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Dec. 31, 2011
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Jun. 13, 2012
June 2012 Working Capital Notes (10% promissory note)
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| Short-term Debt [Line Items] | |||
| Aggregate amount of convertible promissory notes | $ 1,227,743 | $ 2,050,000 | $ 200,000 |
| Proceeds from convertible promissory notes | $ 6,505,274 | $ 200,000 | |
| Payment Terms |
The principal amount of the June 2012 Working Capital Notes is payable in cash on the date that is the earlier of receipt by the Company of $500,000 or more from any source (other than sales in the ordinary course of business) or three months from the issuance date. |
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- 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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- Definition
Description of the payment terms of the debt instrument (for example, whether periodic payments include principal and frequency of payments) and discussion about any contingencies associated with the payment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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