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Convertible Debentures (Tables)
6 Months Ended
Jun. 30, 2013
Convertible Debentures [Abstract]  
Summary of convertible debentures
Hillair Debentures, net of $289,538 discount
 
$
830,462
 
January 2013 Debentures, net of $90,837 discount
   
301,163
 
April 2013 Debentures, net of $124,458 discount
   
435,542
 
         
Total debt
   
1,567,167
 
         
Less current portion
   
565,812
 
         
Long-term debt
 
$
1,001,355
 
Schedule of significant assumptions used to measure the fair value
 
 
   
Date of Issuance
   
June 30, 2013
 
Stock price
 
$
0.24-0.30
   
$
0.23
 
Term
 
1.25 to 1.5 years
   
1 to 1.25 years
 
Volatility
   
50
%
   
50
%
Risk-free interest rate
   
0.14-0.21
%
   
0.15
%
Exercise price
 
$
0.43
   
$
0.43
 
Delta
   
0.02-0.03
     
0.02
 
Up Ratio
   
1.072-1.079
     
1.056-1.073
 
Down Ratio
   
0.921-0.928
     
0.927-0.944
 
Up transition probability
   
0.500
     
0.500