XML 70 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
SENIOR SECURED CONVERTIBLE NOTES PAYABLE (Detail Textuals 1) (USD $)
158 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2012
Senior secured convertible notes payable
Dec. 31, 2012
Senior secured convertible notes payable
Maximum
Dec. 31, 2012
Senior secured convertible notes payable
Minimum
Debt Instrument [Line Items]        
Repurchase of notes issued exercise by warrants   8,000,000    
Term of warrants   10 years    
Exercise price (in dollars per share)   0.01    
Fair value of warrants issued for deferred finance charges $ 392,376 $ 392,376    
Expected volatility     284.00% 169.00%
Risk-free interest rate     4.50% 3.60%
Expected warrant term   10 years    
Amortization period   1 year    
Method used to calculate fair value of warrants   Black-Scholes option pricing model    
Amount received for exercised of warrants   70,000    
Number of warrants issued   7,000,000    
Proceeds from equity finance   $ 5,000,000    
Percent discount on transfer   30.00%