XML 59 R49.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUBSEQUENT EVENTS (Details) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Subsequent Event [Line Items]      
Common shares sold 17,491,536   17,491,536
Common shares gross proceeds $ 2,242,080 $ 2,725  
Subsequent Event-August 1, 2012 [Member]
     
Subsequent Event [Line Items]      
Common shares sold 417,612    
Common shares sold, price per share $ 1.50    
Common shares gross proceeds 626,417    
Subsequent Event-July 2012 [Member]
     
Subsequent Event [Line Items]      
Common shares issued upon cashless exercise of warrants 46,250    
Number of warrants exercised 5,208    
Warrants exercised for cash 52    
Subsequent Event-August 13, 2012 [Member]
     
Subsequent Event [Line Items]      
Series I and II Redeemable Preferred Stock convervted 7,721,988    
Common shares issued upon conversion (in shares) 7,721,988    
Consideration for converting before maturity date description The Company modified the following warrants held by Brightline to provide them with the ability to exercise such warrants on a cashless basis: (i) warrants to purchase an aggregate of 11,582,983 shares of Common Stock with an exercise price of $1.50 per share, which were issued to Brightline in transactions where Brightline acquired shares of the Company’s Series I and II Redeemable Preferred Stock; and (ii) warrants to purchase an aggregate of 2,859,375 shares of Common Stock with an exercise price of $1.50 per share, which equals one half of the outstanding and unexercised warrants issued to Brightline in other transactions where Brightline provided financing to the Company.    
Redeemable Preferred Stock outstanding before agreement 8,061,988    
Redeemable Preferred Stock due in 2012 4,635,291    
Redeemable Preferred Stock due in 2013 $ 3,326,697