Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Payable (Details Narrative)

v2.4.0.8
Convertible Notes Payable (Details Narrative) (USD $)
6 Months Ended 0 Months Ended 6 Months Ended 0 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Jun. 30, 2012
February 2012 Warrants
Feb. 29, 2012
February 2012 Warrants
Feb. 24, 2012
February 2012 Warrants
Jun. 30, 2013
February 2012 Warrants
Jul. 03, 2012
February 2012 Warrants
Apr. 25, 2012
February 2012 Warrants
Feb. 29, 2012
February 2012 Notes (10% secured convertible promissory note)
Feb. 24, 2012
February 2012 Notes (10% secured convertible promissory note)
Jun. 30, 2013
February 2012 Notes (10% secured convertible promissory note)
Aggregate amount of convertible promissory notes $ 2,210,971 $ 1,472,152               $ 1,700,000  
Expiration period                   2 years  
Number of warrants purchased       3,000,000 8,500,000 11,500,000 8,500,000 3,500,000      
Exercise price (in dollars per unit)       0.40 0.40 0.40          
Warrants purchased       600,000 1,700,000            
Proceeds from convertible promissory notes 6,555,274               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.          
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