4. Convertible Debentures (Details Narrative) (USD $)
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6 Months Ended | 174 Months Ended | ||
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Jun. 30, 2012
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Jun. 30, 2011
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Jun. 30, 2012
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Dec. 31, 2011
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Convertible Debentures Details Narrative | ||||
Risk-free interest rate | 0.10 | 0.10 | ||
Outstanding notes convertible into common stock - shares | 1,935,252 | 1,935,252 | ||
Converstion price | $ 0.25 | $ 0.25 | ||
Convertible notes sold | $ 1,495,854 | |||
Convertible notes sold net | 1,326,740 | |||
Discount on convertible notes sold | 135,374 | |||
Unamortized debt discount | (232,813) | (232,813) | (1,550,918) | |
Amortized debt discount | $ 2,813,959 | $ 3,783,405 | $ 18,948,036 | |
Warrants granted | 5,983,416 |
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- Details
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conversion price of convertible notes
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convertible notes sold
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convertible notes sold net
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discount on convertible notes sold
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interest rate on convertible notes
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outstanding notes convertible into common stock
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- Definition
warrants granted shares
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