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13. Subsequent Events | 15 Months Ended
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Mar. 31, 2014
Subsequent Events [Abstract] |
13. Subsequent Events | Note 13 Subsequent Events The Company has evaluated for subsequent events between the balance sheet date of December 31, 2013 and July 14, 2014, the date the financial statements were available to be issued and concluded that the events or transactions occurring during that period requiring recognition or disclosure have been made. (A) Convertible Debt On May 8, 2014, the Company executed convertible notes totaling $1,400,000. The notes mature on May 8, 2016 and bear an interest rate of 12%. The conversion price is $0.25/share. In connection with this raise, the Company also issued 3,640,000, three year warrants exercisable at $0.375/share. On June 25, 2014, the Company executed convertible notes totaling $870,100. The notes mature on June 25, 2016 and bear an interest rate of 12%. The conversion price is $0.25/share. In connection with this raise, the Company also issued 1,750,100, three year warrants exercisable at $0.375/share. In connection with the issuance of these convertible notes and warrants, the Company identified related embedded conversion features in the form ratchet provisions, which are accounted for at fair value, as a derivative liability, as the Company cannot determine if a sufficient number of shares would be available to settle all potential future conversion transactions or the exercise of the warrants. (B) Operating Lease In January 2014, the Company executed a 39 month lease for a corporate headquarters. The Company paid a security deposit of $27,020. The minimum rent obligations are approximately as follows:
| 2014 |  |  | $ | 81,000 |
| 2015 |  |  |  | 83,000 |
| 2016 |  |  |  | 86,000 |
| 2017 |  |  |  | 22,000 |
| Total |  |  | $ | 272,000 |

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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