CONVERTIBLE DEBENTURES 2012 (Details Textual) (USD $)
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12 Months Ended | 67 Months Ended | |
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2012
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Convertible Debentures Sold Carrying Amount | $ 390,000 | $ 1,125,000 | |
Proceeds from Convertible Debt | 390,000 | 1,501,000 | 1,891,000 |
Debt Conversion, Original Debt, Amount | 320,000 | 0 | 820,000 |
Debt Instrument Convertible Future Minimum Proceeds On Maturity | 3,425,000 | ||
Debt Conversion, Original Debt, Interest Rate of Debt | 8.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 0.62 | $ 0.62 | $ 0.62 |
Debt Instrument, Convertible, Beneficial Conversion Feature | 710,000 | ||
Debt Instrument Convertible Stock Price | $ (0.51) | $ (0.51) | |
Promissory Notes Two Converted To Debentures [Member]
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Debt Conversion, Original Debt, Amount | 320,000 | ||
Debt Conversion, Converted Instrument, Amount | 320,000 | ||
Promissory Notes One Exchanged For Borrowings [Member]
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Debt Conversion, Original Debt, Amount | 320,000 | ||
Debt Conversion, Converted Instrument, Amount | 320,000 | ||
Debentures [Member]
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Debt Conversion, Original Debt, Amount | 710,000 | ||
Debt Instrument, Convertible, Conversion Price | $ 0.30 | $ 0.30 | |
Debt Instrument Convertible Conversion Price Before Discount | $ (0.40) | $ (0.40) | |
Debt Instrument Convertible Original Conversion Price | $ (1.00) | $ (1.00) | |
Subsequent Event [Member]
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Debt Instrument, Maturity Date, Description | The Debentures mature on earlier of (i) November 14, 2013 or (ii) the date of closing of a private placement of equity, equity equivalent, convertible debt or debt financing in which we receive gross proceeds, in one or more transactions, of at least $100,000 (a "Subsequent Financing"). | ||
Debt Instrument Convertible Future Minimum Proceeds On Maturity | $ 100,000 | ||
Debt Conversion, Original Debt, Interest Rate of Debt | 8.00% | ||
Debt Instrument, Convertible, Terms of Conversion Feature | convertible at the holder's option into either (i) a Subsequent Financing at a price equal to a 25% discount to the price of securities sold in the Subsequent Financing or (ii) shares of the Company's common stock at a conversion price per share equal to $1.00. | ||
Discount On Price Of Securities Sold | 25.00% | ||
Debt Instrument, Convertible, Conversion Price | $ 1.00 | $ 1.00 |
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- Definition
Carrying value of the debentures sold to investors during the reporting period. No definition available.
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- Definition
The price per share of the conversion feature embedded in the debt instrument before discount. No definition available.
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- Definition
Future minimum gross proceeds from the equity component of convertible debt which may be settled in cash upon maturation of the convertible debt. No definition available.
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- Definition
The original price per share of the conversion feature embedded in the debt instrument before discount. No definition available.
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- Definition
The stock price per share of the conversion feature embedded in the debt instrument before discount. No definition available.
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- Definition
The element represents the discount on price of securities. No definition available.
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- Definition
The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The rate of interest that was being paid on the original debt issue that is being converted in the noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date. 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
Description of the conversion terms of a debt instrument which may include the conversion ratio (including all potential conversion ratios if contingently adjustable), type of debt or equity security into which the debt is convertible, the dollars of debt or the number of shares into which the instrument is convertible (or potentially convertible into), the conversion period, any contingencies associated with the conversion terms, and the existence and amount of a beneficial conversion feature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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