XML 26 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Convertible Debentures (Details Textual) (USD $)
 3 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 1 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Apr. 30, 2013
Subsequent Event [Member]
Jul. 01, 2014
Hillair Capital Investments Lp [Member]
Subsequent Event [Member]
Apr. 01, 2014
Hillair Capital Investments Lp [Member]
Subsequent Event [Member]
Jan. 09, 2013
Next View Capital LP and another investor [Member]
Mar. 31, 2013
Next View Capital LP and another investor [Member]
Jul. 01, 2014
Next View Capital LP and another investor [Member]
Subsequent Event [Member]
Apr. 01, 2014
Next View Capital LP and another investor [Member]
Subsequent Event [Member]
Mar. 31, 2013
Securities Purchase Agreement [Member]
Dec. 27, 2012
Securities Purchase Agreement [Member]
Hillair Capital Investments Lp [Member]
Mar. 31, 2013
Securities Purchase Agreement [Member]
Hillair Capital Investments Lp [Member]
Dec. 31, 2012
Securities Purchase Agreement [Member]
Hillair Capital Investments Lp [Member]
Dec. 27, 2012
Securities Purchase Agreement [Member]
Merriman Capital Inc [Member]
Convertible Debentures (Textual)                            
Face amount of convertible debentures     $ 560,000     $ 392,000         $ 1,120,000      
Interest rate on convertible debenture     8.00%     8.00%         8.00%      
Due date of convertible debentures     Oct. 15, 2014     Jul. 01, 2014         Jul. 01, 2014      
Proceeds from issuance of convertible debentures     500,000     350,000         1,000,000      
Number of shares issuable upon conversion of debentures           911,628         2,604,651     104,186
Amount of discount on debentures 93,824         42,000         120,000      
Amortization related to discount on debentures 149,770 2,044         95,094              
Conversion price                     $ 0.43      
Description of interest payable on unconverted outstanding principal amount of debenture                       The Company shall pay interest on the aggregate unconverted and then outstanding principal amount of the Debenture at 8% per annum, payable quarterly on January 1, April 1, July 1 and October 1, beginning on July 1, 2013.    
Description for interest payment                       Based on a share value equal to the lesser of (a) $0.43 per share, subject to adjustments upon certain events, and (b) 90% of the average of the volume weighted average price for 20 consecutive trading days prior to the applicable interest payment date, provided that the price shall be equal to at least a $0.01 discount to the volume weighted average price for the trading day that is immediately prior to the applicable interest payment date.    
Legal fees           28,000           15,466 15,466 80,000
Number of common stock purchase due to issuance of warrants           36,466                
Payments for due diligence                       45,000    
Convertible debentures redemption amount       756,000 756,000     756,000 756,000          
Convertible debenture redemption date Apr. 01, 2014                          
Convertible debenture redemption date one Jul. 01, 2014                          
Description for conversion price for periodic redemption in shares Based on a conversion price equal to the lessor of (a) $0.43 per share, subject to adjustments upon certain events, and (b) 90% of the average of the volume weighted average price for the 20 consecutive trading days prior to the applicable redemption date, provided that the conversion price shall be equal to at least a $0.01 discount to the volume weighted average price for the 20 consecutive days that is immediately prior to the applicable redemption date.                          
Fair value of conversion option liabilities 93,824                          
Debt instrument, covenant description                   The underlying securities purchase and debenture agreements also provide for the Company to pay liquidated damages in the event of its failure to (i) deliver shares upon the conversion of the notes, in which case the liquidated damages would amount to a cash payment of $10 per trading day (increasing to $15 per trading day on the fifth trading day) for each $1,000 of principal amount being converted until such certificates are delivered (ii) maintain timely required filings with the SEC, in which case the liquidated damages would amount to a cash payment of two percent (2.0%) of the aggregate subscription amount of such purchasers securities on the day of the failure to maintain timely filings with the SEC and on every thirtieth (30th) day thereafter until the required documents are filed with the SEC or is no longer required for the purchaser to transfer the underlying shares pursuant to Rule 144 and (iii) to compensate the Holder for a Buy-in of securities previously sold by the Holder, as defined in the agreements, on a failure to timely deliver certificates upon conversion by the Holder.        
Interest expense on the convertible debentures 30,240                           
Fair value of option liabilities $ 31,012