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Principal Financing Arrangements-Prinicpal Lender (Details Narrative) (USD $)
1 Months Ended 3 Months Ended 9 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 0 Months Ended 1 Months Ended
Sep. 30, 2012
Prinpal Lender
Mar. 30, 2012
Prinpal Lender
Aug. 31, 2012
Prinpal Lender
Aug. 31, 2012
Prinpal Lender
Nov. 30, 2011
Prinpal Lender
Feb. 03, 2012
JDM to pay Lender
Mar. 30, 2012
JDM to pay Lender
Feb. 03, 2012
JDM
Aug. 31, 2012
JDM
Mar. 30, 2012
JDM
Feb. 15, 2012
JDM sold to third party
Apr. 30, 2012
JDM sold to third party
Debt, Face Value     $ 6,368,078 $ 6,368,078 $ 13,177,587   $ 900,000 $ 1,700,000        
Debt Acquired 700,000 [1]         1,500,000         600,000  
Date of payment           Feb. 15, 2012 Mar. 30, 2012 Aug. 01, 2013        
Installments 100,000 100,000       600,000 [2] 100,000 [3]         100,000 [4]
Terms default [5]                      
Convertible to stock               10% [6]        
Conversion price               $ 0.02        
Debt Converted                     350,000  
Issue notes #                     2  
Issue notes, amount                     300,000  
Common stock, shares                     15,833,713  
Reduction in liability                   930,000 5,580,000  
Gain from trouble debt restructuring     0 6,338,601                
Debt Payable                 $ 148,000      
[1] The remaining amount due to the Lender under the agreement with JDM is $700,000. In September 2012 we offered our Lender a lump sum payment of $350,000 in full settlement of all the remaining debt and our Lender responded by telling us it preferred to receive the remaining $700,000 over an extended period of time and did not plan to take any action or send out any default notices
[2] After the initial payment to the Lender of $600,000, for every $100,000 paid to the lender, the outstanding principal amount owing the Lender shall be reduced by approximately $930,000
[3] 30th day of each month in installments of $100,000
[4] Granted the new investor the ability to convert the debt into stock at a 37.5% discount to the market price of our common stock,
[5] In connection with the financings with our Lender, we agreed, so long as 25% of the principal amount of the financings is outstanding, to certain restrictive covenants, including, among others, that we will not declare or pay any dividends; redeem any of our preferred stock or other equity interests; dissolve, liquidate or merge with any other party unless, in the case of a merger, we are the surviving entity; materially alter or change the scope of our business; incur any indebtedness except as defined in the agreement; or assume, guarantee, endorse or otherwise become directly or contingently liable in connection with any other partys obligations. To secure the payment of all obligations to our Lender, we entered into a master security agreement that assigns and grants to the Lender a continuing security interest and first lien on all of our assets and the assets of our subsidiaries.
[6] Shares of our common stock at a conversion rate equal to a 10% discount to the volume weighted average trading price of our common stock for the three trading days prior to such conversion.