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Convertible Notes Payable (Details Narrative) (USD $)
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3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | 6 Months Ended | ||||||
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Mar. 31, 2013
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Dec. 31, 2012
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Jun. 30, 2012
February 2012 Warrants
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Feb. 29, 2012
February 2012 Warrants
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Feb. 24, 2012
February 2012 Warrants
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Mar. 31, 2013
February 2012 Warrants
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Apr. 25, 2012
February 2012 Warrants
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Feb. 29, 2012
February 2012 Notes (10% secured convertible promissory note)
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Feb. 24, 2012
February 2012 Notes (10% secured convertible promissory note)
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Jun. 30, 2012
February 2012 Notes (10% secured convertible promissory note)
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Mar. 31, 2013
February 2012 Notes (10% secured convertible promissory note)
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| Aggregate amount of convertible promissory notes | $ 1,816,562 | $ 1,472,152 | $ 1,700,000 | ||||||||
| Expiration period | 2 years | ||||||||||
| Number of warrants purchased | 3,000,000 | 8,500,000 | 11,500,000 | 3,500,000 | |||||||
| Exercise price (in dollars per unit) | 0.40 | 0.40 | 0.4 | ||||||||
| Warrants purchased | 600,000 | 1,700,000 | |||||||||
| Proceeds from convertible promissory notes | 6,505,274 | 600,000 | |||||||||
| Interest rate (in percent) | 10.00% | ||||||||||
| Notes payable, Conversion price (in dollars per share) | $ 0.20 | ||||||||||
| Prohibition to conversion of Note Payable |
A conversion of the Purchase Order Note, to the extent that as a result of such conversion, the holder would beneficially own more than 4.99% (subject to waiver) in the aggregate of the issued and outstanding shares of the Company’s common stock, calculated immediately after giving effect to the issuance of shares of common stock upon conversion of the Purchase Order Note. |
A conversion of the notes or exercise of the warrants, to the extent that as a result of such conversion or exercise, the holder would beneficially own more than 4.99% (subject to waiver) in the aggregate of the issued and outstanding shares of the Company’s common stock, calculated immediately after giving effect to the issuance of shares of common stock upon conversion of such note or exercise of such warrant, as the case may be. | |||||||||
| Conversion amount net of discount on warrants issued with the note and recorded as interest expense | 5,750,000 | ||||||||||
| Expiration period | 10 years | 10 years | |||||||||
| Initial exercise price (in dollars per share) | $ 0.40 | ||||||||||
| Warrants fair value | 5,221,172 | ||||||||||
| Aggregate amount interest | $ 2,921,172 | ||||||||||