DEBT (Details Narrative) (USD $)
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12 Months Ended |
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Dec. 31, 2013
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Notes Payable, June 2011 Note
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Debt, face amount | $ 40,000 |
Debt, issue date | Jun. 01, 2011 |
Debt, interest rate | 10.00% |
Debt warrant, shares | 13,000 |
Debt warrant, exercise price | $ 1.00 |
Debt warrant, term | 3 years |
Debt discount at issuance | 170 |
Notes Payable, June 2011 2nd Note
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Debt, face amount | 25,000 |
Debt, accrued interest amount | 3,000 |
Debt, issue date | Jun. 01, 2111 |
Notes Payable, June 2011 New Note
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Debt, face amount | 68,000 |
Convertible Secured Promissory Note
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Debt, face amount | 225,000 |
Debt, issue date | Feb. 14, 2012 |
Debt, interest rate | 5.00% |
Debt conversion, price | $ 0.50 |
Debt, date principal and interest due if not converted | Dec. 31, 2014 |
Debt, principal amount due if not converted | 112,500 |
Additional borrowings under loan agreement | $ 225,000 |
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- Definition
Principal amount and accrued interest due if debt is not converted to equity. No definition available.
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- Definition
The pershare exercise price of warrants. No definition available.
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- Definition
Warrant contractual term, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition
Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Increase for accrued, but unpaid interest on the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Date the debt instrument was issued, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Latest date the outstanding debt instruments are required to be repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of debt discount that was originally recognized at the issuance of the instrument that has yet to be amortized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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