XML 19 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
5. CONVERTIBLE NOTES PAYABLE (Details Narrative) (USD $)
3 Months Ended 9 Months Ended 26 Months Ended
Sep. 30, 2012
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Proceeds from issuance of note   $ 301,500    $ 301,500
Non cash interest expense   109,115    236,902
Amortization of debt discount and costs 66,039 153,951 47,306 206,173
ConvertibleNotesPayableMember
       
Fair value of the debt derivatives 209,487 209,487   209,487
Gain from change in fair value of debt derivatives   27,908    
Dividend yield   0.00%    
Expected volatility Minimum   196.08%    
Expected volatility Maximum   219.80%    
Weighted average risk-free interest rate Minimum   0.16%    
Weighted average risk-free interest rate Maximum   0.19%    
Expected life Minimum   9 months    
Expected life Maximum   1 year    
Estimated fair value of the Company's common stock Minimum   $ 0.032    
Estimated fair value of the Company's common stock Maximum   $ 0.043    
Non cash interest expense   109,116    
Accrued interest expense 6,283 6,283   6,283
Fair value of derivatives 337,616 337,616   337,616
Asher Note
       
Principal amount 68,500 68,500   68,500
Interest rate 8.00% 8.00%   8.00%
Proceeds from issuance of note   65,000    
Maturity date   Jan. 12, 2013    
Asher Note 2
       
Principal amount 42,500 42,500   42,500
Interest rate 8.00% 8.00%   8.00%
Proceeds from issuance of note   40,000    
Maturity date   Feb. 07, 2013    
Asher Note 3
       
Principal amount 32,500 32,500   32,500
Interest rate 8.00% 8.00%   8.00%
Proceeds from issuance of note   25,000    
Maturity date   Mar. 21, 2013    
JMJ Note
       
Principal amount 275,000 275,000   275,000
Proceeds from issuance of note   50,000    
Maturity date   Jul. 25, 2013    
Asher Note 4
       
Principal amount 32,000 32,000   32,000
Interest rate 8.00% 8.00%   8.00%
Proceeds from issuance of note   $ 30,000    
Maturity date   Feb. 07, 2013