v2.4.0.8
NOTES PAYABLE AND UNSECURED CONVERTIBLE DEBENTURES (Details Narrative) (USD $)
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Secured Debt
   
Secured Debt outstanding principal balance $ 3,804,111  
Revolving Credit Facilities [Member]
   
Revolving credit Facilities outstanding balance 527,000  
Revolving credit facilities remaining availability 30,000  
Third Coast Bank Revolver [Member]
   
Principal outstanding 30,000  
TPG Note [Member]
   
Principal outstanding 42,068  
Pinewood Note [Member]
   
Principal outstanding 214,078  
Unpaid interest in outstanding 14,078  
Pinewood Note One [Member]
   
Principal outstanding 275,058  
Unpaid interest in outstanding 25,058  
Coventry [Member]
   
Interest expense related to the unsecured convertible 138,911 438,213
Interest expense at stated rate 108,571 242,934
Amortization of debt discount to unsecured convertible 27,603 175,745
Amortization of deferred financing cost to unsecured convertible 2,737 19,534
Effective interest rate on convertible 17.20% 29.60%
Outstanding balance on unsecured convertible 1,498,954  
Outstanding balance on unsecured convertible, current $ 396,664