XML 41 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2013
SUBSEQUENT EVENTS [Abstract]  
SUBSEQUENT EVENTS

7. SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events occurring after the balance sheet date through the date of the issuance of this report.

 

From July 1, 2013 through August 12, 2013 the Company received approximately $700,000 as proceeds from the sale of 6,557,514 shares of Common Stock per the terms of the Purchase Agreement with LPC at an average price of $0.107 per share of Common. Per the terms of the Purchase Agreement the Company also issued an additional 134,610 shares of Common Stock as additional Commitment Fee shares.