4. Convertible Debentures (Details Narrative) (USD $)
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9 Months Ended | 175 Months Ended | ||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Dec. 31, 2011
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Convertible Debentures Details Narrative | ||||
Convertible notes sold | $ 2,064,774 | |||
Convertible notes converted into common stock | 3,741,784 | |||
Convertible notes payable | 43,450 | 43,450 | 1,720,460 | |
Interst rate on notes payable | 10.00% | 10.00% | ||
Conversion of accounts payable | 46,240 | |||
Aggregate consideration of Convertible Notes payable | 1,831,440 | |||
Discount on convertible notes sold | 187,094 | |||
Warrant issued value | 832,814 | |||
Unamortized debt discount balance | 27,890 | 27,890 | (1,550,918) | |
Beneficial conversion feature of convertible notes | 1,036,259 | |||
Debt discount | 1,550,918 | |||
Amortized debt discount | $ 3,587,802 | $ 4,796,647 | $ 19,721,879 |
X | ||||||||||
- Definition
Reflects the effective interest rate as of the balance sheet date on interest-bearing trade payables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Number of shares issued during the period as a result of the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Custom Element. No definition available.
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X | ||||||||||
- Definition
Beneficial conversion feature of convertible notes No definition available.
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X | ||||||||||
- Definition
Custom Element. No definition available.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
convertible notes sold No definition available.
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X | ||||||||||
- Definition
Debt discount No definition available.
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X | ||||||||||
- Definition
discount on convertible notes sold No definition available.
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X | ||||||||||
- Definition
Custom Element. No definition available.
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