XML 1055 R44.htm IDEA: XBRL DOCUMENT
v2.4.0.8

5. Debt (Tables) (Q2) | 15 Months Ended | 6 Months Ended
--- | --- | ---
Mar. 31, 2014 | Jun. 30, 2014 Quarter 2 [Member]
Summary of Debt Transactions |
Year Ended December 31 |  |
2014 |  | $ | 124,194 |
2015 |  |  | 2,649,250 |
Less: unamortized debt discount |  |  | (1,832,888 | )
Less: current maturities |  |  | (124,194 | )
Debt - long term |  | $ | 816,362 |
|  | 2014 |  | 2013
Notes payable |  | $ | 454,646 |  |  | $ | 503,203 |
Notes payable - related party |  |  | — |  |  |  | 26,108 |
Convertible notes |  |  | 4,464,233 |  |  |  | 2,194,132 |
Convertible notes - related party |  |  | 50,000 |  |  |  | 50,000 |
Less: debt discount |  |  | (4,174,650 | ) |  |  | (1,925,191 | )
Debt - net |  |  | 794,229 |  |  |  | 848,252 |
Amortization of debt discount |  |  | 671,683 |  |  |  | 92,304 |
Less: current portion - notes payable |  |  | (98,086 | ) |  |  | (98,086 | )
Less: current portion - notes payable - related party |  |  | (0 | ) |  |  | (26,108 | )
Long term debt - net |  | $ | 1,367,826 |  |  | $ | 816,362 |
Notes Payable |  |
|  | Third Party |  | Related Party |  | Totals
Balance December 31, 2011 |  | $ | 849,640 |  |  |  | 6,000 |  |  | $ | 855,640 |
Proceeds |  |  | 120,000 |  |  |  | 127,000 |  |  |  | 247,000 |
Repayments |  |  | (230,106 | ) |  |  | — |  |  |  | (230,106 | )
Balance December 31, 2012 |  |  | 739,534 |  |  |  | 133,000 |  |  |  | 872,534 |
Proceeds |  |  | 160,000 |  |  |  | 61,655 |  |  |  | 221,655 |
Repayments |  |  | (116,331 | ) |  |  | (35,547 | ) |  |  | (151,878 | )
Conversion of note payable to convertible debt |  |  | (180,000 | ) |  |  | (50,000 | ) |  |  | (230,000 | )
Conversion of note payable to contributed capital |  |  | (100,000 | ) |  |  | (83,000 | ) |  |  | (183,000 | )
Balance December 31, 2013 |  |  | 503,203 |  |  |  | 26,108 |  |  |  | 529,311 |
Proceeds |  |  | — |  |  |  | — |  |  |  | — |
Repayments |  |  | (48,560 | ) |  |  | (26,108 | ) |  |  | (74,668 | )
Conversion of note payable to convertible debt |  |  | — |  |  |  | — |  |  |  | — |
Conversion of note payable to contributed capital |  |  | — |  |  |  | — |  |  |  | — |
Balance June 30, 2014 |  | $ | 454,643 |  |  | $ | — |  |  | $ | 454,643 |
Convertible Debt, Net |  |
|  |  | Third Party |  |  |  | Related Party |  |  |  | Totals |
Balance December 31, 2012 |  | $ | — |  |  | $ | — |  |  | $ | — |
Proceeds |  |  | 2,000,000 |  |  |  | — |  |  |  | 2,000,000 |
Repayments |  |  | — |  |  |  | — |  |  |  | — |
Conversion of note payable to convertible debt |  |  | 180,000 |  |  |  | 50,000 |  |  |  | 230,000 |
Conversion of accrued interest into convertible debt |  |  | 14,133 |  |  |  | — |  |  |  | 14,133 |
Less: gross debt discount recorded - Day 1 |  |  | (1,925,191 | ) |  |  | — |  |  |  | (1,925,191 | )
Add: amortization of debt discount |  |  | 92,304 |  |  |  | — |  |  |  | 92,304 |
Balance December 31, 2013 |  |  | 361,246 |  |  |  | 50,000 |  |  |  | 411,246 |
Proceeds |  |  | 2,270,100 |  |  |  | — |  |  |  | 2,270,100 |
Less: gross debt discount recorded - Day 1 |  |  | (2,249,459 | ) |  |  | — |  |  |  | (2,249,459 | )
Add: amortization of debt discount |  |  | 579,382 |  |  |  | — |  |  |  | 579,382 |
Balance June 30, 2014 |  | $ | 961,269 |  |  | $ | 50,000 |  |  | $ | 1,011,269 |
Future Minimum Repayment Obligations |  |
Year Ended December 31 |  |
2014 |  | $ | 98,086 |
2015 |  |  | 4,870,793 |
Less: unamortized debt discount |  |  | (3,502,967 | )
Less: current maturities |  |  | (98,086 | )
Debt - long term |  | $ | 1,367,826 |

X
- Definition No authoritative reference available. + References No definition available. + Details
Name: | SFQL_ScheduleofFutureMinimumRepaymentObligationsTableTextBlock
Namespace Prefix: | SFQL_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration