Subsequent Events

6 Months Ended

Jun. 30, 2013

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

15       SUBSEQUENT EVENTS

On September 24, 2013, the Company and Dragon State International Limited (“Dragon State”) agreed to amend certain terms in the Certificate of Designations, Preferences and Rights of the Series B Convertible Preferred Stock, Series C Warrant and Series D Warrant (the “Amendments”), which were issued pursuant to the Securities Purchase Agreement dated September 28, 2010.

Pursuant to the Amendments, i) the date of Maturity (a.k.a. the date of Mandatory Conversion) of the Series B Convertible Preferred Stock was extended from September 28, 2013 to September 28, 2014; ii) the term of the Series C Warrant was extended from three years to four years and expire on September 28, 2014; and iii) the term of the Series D Warrant was extended from three years to four years and expire on September 28, 2014.