2.4.0.8010 - Disclosure - Preferred Stocktruefalsefalse1falsefalsefalsec4_From1Jan2013To30Jun2013http://www.sec.gov/CIK0001368993duration2013-01-01T00:00:002013-06-30T00:00:001true1us-gaap_DisclosureTextBlockSupplementAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2us-gaap_PreferredStockTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="left">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">NOTE
6.  Preferred Stock</font>
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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The
Company has 10,000,000 shares of preferred stock authorized.
Effective May 26, 2011, the Company designated 4,500,000
shares as Series A-1 Convertible Preferred Stock and
4,500,000 shares as Series A-2 Convertible Preferred
Stock (together, the “Series A Preferred
Stock”). Each share of Series A Preferred Stock is
convertible into ten shares of common stock, subject to an
ownership cap whereby conversion may not occur to the extent
the holder would own more than 9.985% of the common stock
following conversion, and entitles the holder to receive
dividends, as, when and if declared by the Company’s
Board of Directors, at an annual rate of 5% of the stated
value per share of the respective series. Such dividends
accrue, compounding quarterly, and accumulate on each share
of Series A Preferred Stock from the date of issuance,
whether or not declared, until November 27, 2014, when
the right to further dividends ceases. The Series A
Preferred Stock has no voting rights, and in the event of
liquidation ranks senior to common stock.</font>
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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Effective
May 27, 2011, the Company sold an aggregate of
2,937,499.97 shares of Series A-1 Convertible Preferred
Stock with a stated value of $5.20 per share. The Company
recorded the allocated valuation of $10,724,991 (see
Note 4), less allocated issuance costs of $886,422, as
Series A-1 Convertible Preferred Stock within permanent
equity.</font>
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<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">As
of June 30, 2013, $1,675,694 of undeclared dividends had
been accrued with respect to the outstanding Series A-1
Convertible Preferred Stock, of which $209,268 and $199,124
relate to the three months ended June 30, 2013 and 2012,
respectively and $415,952 and $395,789 relate to the six
months ended June 30, 2013 and 2012,
respectively.</font>
</div><br/>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for terms, amounts, nature of changes, rights and privileges, dividends, and other matters related to preferred stock.No definition available.false0falsePreferred StockUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.wafergen.com/role/PreferredStock12