XML 44 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
CREDIT FACILITY WITH PLATINUM-MONTAUR LIFE SCIENCES, LLC (Details Narrative) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2012
Nov. 06, 2012
Oct. 17, 2012
Sep. 20, 2012
Sep. 14, 2012
Aug. 31, 2012
Notes to Financial Statements              
Loan agreement initial credit facility             $ 20,000
Loan agreement Maximum Draw Amount             5,000,000
Promissory note period             5 years
Principal interest rate per annum             10.00%
Accrued interest expenses 3,000 3,000          
Cash and cash equivalent minimum requirements on credit facility             5,000,000
Commitment warrant value, shares             4,000,000
Fair value Commitment warrant, recorded as deferred financing costs             4,840,000
Commitment warrant period             5 years
Commitment warrant exercise price             $ 2
Fair value Commitment warrant, current portion             968,004
Fair value Commitment warrant, current portion period             1 year
Amortization of fair value Commitment warrant 80,667 80,667          
Funds borrowed pursuant to the Credit Facility             1,000,000
Purchase warrant value per 1,000,000 borrowed amount, shares             1,000,000
Purchase warrant value term             5 years
Commitment Warrant exercise price maximimum             $ 4
Commitment Warrant exercise price minimum             $ 2
Commitment Warrant beneficial ownership maximum             49.90%
Commitment Warrant beneficial ownership minimum             99.90%
Loan agreement September Request           3,000,000  
September Request amount received     1,500,000 5,000,000 1,000,000    
September Request warrant issued         1,000,000    
September Request warrant term         5 years    
Warrant exercise price September Request         $ 2.13    
Fair value September Request         1,160,000    
Amortization September request $ 5,556 $ 5,556