4. Notes Payable (Details 1) (USD $)
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Mar. 31, 2013
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Dec. 31, 2012
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Notes to Financial Statements | ||
Debenture - $1,000,000 16% senior secured convertible | $ 1,000,000 | $ 1,000,000 |
Debt Discount | (404,025) | (485,147) |
Total Notes Payable and Accrued Interest | 595,975 | 514,853 |
Less: Current Portion | 250,000 | |
Long Term Portion | $ 345,975 | $ 514,853 |
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- Details
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- Definition
Total Notes Payable and Accrued Interest No definition available.
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- Definition
Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. 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
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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