Convertible Notes Payable (Details Narrative 6) (USD $)
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3 Months Ended | 0 Months Ended | |||
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Sep. 30, 2013
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Dec. 31, 2012
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Jun. 20, 2013
June 2013 Convertible Notes (12% convertible promissory notes)
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Sep. 30, 2013
September 2013 Convertible Notes (12% convertible promissory notes)
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Aug. 26, 2013
August 2013 Convertible Notes (10% convertible promissory notes)
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Short-term Debt [Line Items] | |||||
Aggregate amount of convertible promissory notes | $ 2,255,380 | $ 1,472,152 | $ 50,000 | $ 50,000 | $ 2,000,000 |
Interest rate (in percent) | 12.00% | 10.00% | |||
Expiration period | 1 year | ||||
Exercise price (in dollars per share) | $ 0.55 | $ 0.55 | $ 0.40 | ||
Number of warrants purchased | 10,000,000 | ||||
Proceeds from convertible promissory notes | 8,605,274 | 2,000,000 | |||
Warrants fair value | 2,488,983 | ||||
Aggregate amount interest | $ 488,983 |
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- Definition
Expiration period of warrants issued from the date of issue. No definition available.
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- Definition
No authoritative reference available. No definition available.
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- Definition
This element refers to fair value of securities that each class of warrants or rights outstanding give the holder the right but not the obligation to purchase from the issuer at a specific price, on or before a certain date. No definition available.
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- Definition
Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt. 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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