Debt (Tables)

6 Months Ended

Jun. 30, 2012

Debt Disclosure [Abstract]

Summary of debt

	June 30, 2012			December 31, 2011
A. Convertible debt - Secured	$	500,000		$	-
Less: debt discount		(206,014	)		-
Convertible debt - net		293,986			-
B. Convertible debt - Unsecured		150,000			150,000
C. Note - Secured		29,920			-
D. Notes – Unsecured		74,118			161,096
Total debt	$	548,024		$	311,096
Current portion	$	398,024		$	161,096
Long term portion	$	150,000		$	150,000

Summary of Secured Notes

Balance, December 31, 2011	$	-
Reclassification from accounts payable to notes payable		51,290
Repayments		(21,370	)
Balance, June 30, 2012	$	29,920

Summary of Unsecured Notes

Balance, December 31, 2011	$	161,0966
Reclassification from accounts payable to notes payable		70,8866
Additional borrowings		40,000
Repayments		(61,7688	)
Debt forgiveness		(62,7677	)
Debt forgiveness – related party		(73,3299	)
Balance, June 30, 2012	$	74,1188

Summary of the Company’s debt issue costs

	June 30, 2012			December 31, 2011
Debt issue costs	$	175,395		$	22,895
Accumulated amortization of debt issue costs		(29,982	)		(636	)
Debt issue costs – net	$	145,413		$	22,259

Future amortization of debt issue costs

Year	Amount
2012 (6 months remaining)	$	80,724
2013		57,769
2014		6,920

Summary of the Company’s debt discount

	June 30, 2012			June 30, 2012
Debt discount	$	244,153		$	-
Accumulated amortization of debt discounts		(38,139	)		-
Debt discount – net	$	206,014		$	-