XML 12 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
PREFERRED STOCK (Details) (USD $)
0 Months Ended 3 Months Ended 4 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 0 Months Ended 1 Months Ended
Aug. 15, 2012
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2010
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Jan. 31, 2011
Sep. 30, 2012
Series II Convertible Preferred Stock [Member]
Sep. 30, 2012
Warrant [Member]
Sep. 30, 2012
Series I [Member]
Dec. 31, 2011
Series I [Member]
Jan. 31, 2011
Series I [Member]
Sep. 30, 2012
Series II [Member]
Dec. 31, 2011
Series II [Member]
Sep. 07, 2012
Brightline Ventures I, LLC [Member]
Aug. 15, 2012
Brightline Ventures I, LLC [Member]
Sep. 30, 2012
Brightline Ventures I, LLC [Member]
Sep. 30, 2012
Brightline Ventures I, LLC [Member]
Warrant [Member]
Aug. 15, 2012
External directors [Member]
Jan. 31, 2011
External directors [Member]
Jan. 31, 2011
External directors [Member]
Preferred Stock and warrants [Member]
Subsidiary, Sale of Stock [Line Items]                                            
Units sold (in units)       478.43                           332.6697       6
Aggregate offering price on transaction       $ 4,784,291                           $ 3,326,697       $ 60,000
Shares issued in transaction (in shares)                 2,000   659,318 947,058   665,339 665,339              
Preferred stock dividend rate (in hundredths)                 8.00%                          
Original Issue Price (in dollars per share)       $ 5         $ 5   $ 0.01 $ 0.01 $ 5.00 $ 0.01 $ 0.01              
Initial conversion price (in dollars per share)       $ 1.00         $ 1.00       $ 1.00                  
Liquidation preference period for principal and accrued interest                 12 months                          
Mandatory redemption period                 24 months                          
Preferred Stock, Conversion Basis                 The Preferred Stock is convertible into a total of 3,326,697                          
Number of Warrants per Unit of preferred stock (in shares)                 1                          
Term of equity warrant                 5 years                          
Warrant rights (in shares)                 15,000 15,000                        
Warrant exercise price (in dollars per share)                 $ 1.50                   $ 1.50      
Total issued (in shares)                   4,990,046                        
Directors fees applied to stock purchase                                         15,000  
Percentage of directors fees past due (in hundredths)               20.00%                            
Number of private placement subscriptions                                         4  
Dividends Payable   884,041     884,041   650,616                              
Amortization on preferred stock discount   $ 1,544,690 $ 840,225   $ 3,707,840 $ 2,041,209                                
Preferred stock converted (in shares) 34,800                             727,280 907,120     34,800    
Shares issued on conversion (in shares) 34,800                             727,280 907,120     34,800    
Preferred stock, shares outstanding (in shares)                     659,318 947,058   665,339 665,339              
Number of shares outstanding preferred shares convert into common stock (in shares)                     3,296,591     3,326,697                
Dividends convertible in shares (in shares)                     474,265     409,776