XML 29 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
SENIOR SECURED CONVERTIBLE NOTES PAYABLE (Detail Textuals 1) (USD $)
3 Months Ended 161 Months Ended 3 Months Ended
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2013
Senior secured convertible notes payable
Mar. 31, 2013
Senior secured convertible notes payable
Maximum
Mar. 31, 2013
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     80,000    
Number of warrants issued     8,000,000    
Proceeds from equity finance     $ 5,000,000    
Percent discount on transfer     30.00%