Convertible Notes (Tables)

3 Months Ended

Mar. 31, 2013

Convertible Notes Payable [Abstract]

Fair Value Assumption of Warrant Issued

The Company valued the warrants using the fair value method, at the date the warrants were issued, using the Black-Scholes valuation model and the following assumptions:

		September 20, 2012				November 13, 2012
Contractual Term			5 years				5 years
Volatility			117.57	%			119.15	%
Dividend yield			0.0	%			0.0	%
Risk-free interest rate			0.70	%			0.63	%

Senior Convertible Notes and Warrants Additional Information

Senior convertible notes consist of the following at March 31, 2013:

9% Senior convertible notes		$	664,000
Debt discount/beneficial conversion feature			(456,533	)
Balance		$	207,467
Accrued interest		$	15,168
9% Senior convertible notes, related parties		$	660,000
Debt discount/beneficial conversion feature			(268,961	)
Balance		$	391,039
Accrued interest, related parties		$	15,077