Convertible Notes Payable (Details Narrative 5) (USD $)
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6 Months Ended | 0 Months Ended | 6 Months Ended | 0 Months Ended | |||
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Jun. 30, 2013
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Dec. 31, 2012
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Jun. 28, 2012
June 2012 Warrants
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Jun. 30, 2012
June 2012 Warrants
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Jun. 30, 2013
June 2012 Warrants
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Mar. 31, 2013
June 2012 Warrants
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Jun. 28, 2012
June 2012 Convertible Notes (10% convertible promissory notes)
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Short-term Debt [Line Items] | |||||||
Aggregate amount of convertible promissory notes | $ 2,210,971 | $ 1,472,152 | $ 455,274 | ||||
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 Companys 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 June 2012 Convertible Notes or exercise of the June 2012 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 Companys common stock, calculated immediately after giving effect to the issuance of shares of common stock upon conversion of the June 2012 Convertible Note or exercise of the June 2012 warrant, as the case may be. | |||||
Aggregate amount interest | 580,768 | ||||||
Number of warrants purchased | 2,250,000 | 2,250,000 | 2,250,000 | ||||
Expiration period | 10 years | ||||||
Exercise price (in dollars per share) | $ 0.40 | ||||||
Warrants fair value | 1,036,042 | 1,036,042 | |||||
Beneficial conversion feature | $ 580,768 |