v2.4.0.8

7. Related Party Transactions (Tables) | 3 Months Ended
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Sep. 30, 2013
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions [Table Text Block] |
|  | Three months ended September 30, 2013 |  | Three months ended September 30, 2012 |  | Nine months ended September 30, 2013 |  | Nine months ended September 30, 2012
DEVELOPMENT COSTS: |  |  |  |  |  |  |  |
Consulting services rendered by an individual who was a director and officer of the Company | $ | - | $ | 15,000 | $ | - | $ | 45,000
INTEREST EXPENSE: |  |  |  |  |  |  |  |
Promissory notes issued to relatives of the Chairman |  | 76,557 |  | 76,557 |  | 229,670 |  | 229,670
Lines of credit from the Chairman & Chief Executive Officer of the Company and his spouse |  | 151,774 |  | 108,707 |  | 417,551 |  | 286,740
Stock options granted to Chairman & Chief Executive Officer of the Company |  | - |  | - |  | - |  | 2,616,602
SELLING, GENERAL & ADMINISTRATIVE: |  |  |  |  |  |  |  |
Consulting services rendered by the Chairman of the Board & Chief Executive Officer |  | 47,400 |  | 47,400 |  | 142,200 |  | 142,200
Consulting services rendered by a member of the Board of Director in his capacity as management of the Company |  | 31,500 |  | - |  | 94,500 |  | -
Stock options granted to non-executive members of the Board of Directors |  | - |  | 29,975 |  | - |  | 29,975

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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