Related Party Transactions

3 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

Related Party Transactions

Note 6. Related Party Transactions

During the three months ended March 31, 2013, we borrowed $12,500 from related parties. In addition, a $310,000 note payable to a related party dated December 31, 2012, initially matured on February 28, 2013; however, per the terms of the note, it automatically was extended until the date when we consummate a debt and/or equity financing resulting in gross proceeds to us of at least $310,000. The related debt discount of $310,000 was fully amortized to interest expense during the three months ended March 31, 2013. Subsequent to March 31, 2013, we paid $295,000 of principal on this note.