XML 1026 R79.htm IDEA: XBRL DOCUMENT v2.4.0.8
5. Debt (Details Narrative) (Q2) (USD $)
6 Months Ended 12 Months Ended
Jun. 30, 2014
Dec. 31, 2013
Aug. 29, 2018
May 08, 2016
Nov. 26, 2015
Unsecured Debt   $ (26,108)      
Secured Debt   503,203      
Debt Due on Demand         (2,244,133)
Quarter 2 [Member]
         
Detachable Warrants Issued 5,390,100 3,672,134      
Convertible Debt Terms

In the event any of these notes are prepaid prior to maturity, a penalty rate of 10% would apply for any payments occurring between months 12 – 18 and a 5% rate for any payments occurring between 19-24 months.

The Company was required to register the underlying convertible debt shares and warrants within 60 days (January 2014), and for the registration statement to become effective 90 days after this date (April 2014). The registration statement has not yet been filed, which upon filing, must be declared and remain effective. As a result of not filing the registration statement timely, the Company began accruing liquidated damages equal to 2% of the gross proceeds which is equivalent to $40,000 per month each for May and June 2014. The liquidated damages clause is capped at 15% of gross proceeds raised. If the Company fails to pay the liquidated damages, an interest rate of 18% will be applied to the outstanding debt instruments.      
Subordinate Debt 454,643        
Unsecured Debt 26,108        
Secured Debt 454,643        
Debt Due on Demand 26,108   454,653 2,270,100 2,244,133
Penalties Pertaining to Registration Rights Agreement 218,143        
Outstanding Debt, Net of Debt Discount $ 1,367,826