Subsequent Events (Details Textual) (USD $)
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6 Months Ended | |
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Jun. 30, 2012
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Sep. 12, 2012
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Subsequent Events (Textual) [Abstract] | ||
Cash payments | $ 880,000 | |
Newly issued shares of the Company's Common Stock | 1,000,000 | |
Investment Agreement [Member]
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Subsequent Events (Textual) [Abstract] | ||
Cash payment | 6,000,000 | |
Preferred stock issued due to investment agreement | 600,000 | |
Preferred stock , Par value | $ 0.001 | |
Conversion price per share | $ 0.13 | |
Proceeds from Investments | 2,500,000 | |
Number of shares outstanding | 46,153,846 | |
Percentage of common stock outstanding | 73.00% | |
liquidation preference per share | $ 10.00 | |
Convertible long term notes payable under exchange agreement | 2,500,000 | |
Cash payments | $ 880,000 | |
Newly issued shares of the Company's Common Stock | 1,000,000 |
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- Definition
Cash that would be payable due to exchange agreement. No definition available.
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- Definition
Cash that would be received from investment agreement. No definition available.
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- Definition
Class of warrant or right percentage of securities called by warrants or rights. No definition available.
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- Definition
Common stock that would be issued due to exchange agreement. No definition available.
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- Definition
Conversion of stock convertible conversion price. No definition available.
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- Definition
Convertible long term notes payable under exchange agreement. No definition available.
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- Definition
Preferred stock that would be issued due to investment agreement. No definition available.
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- Details
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- Definition
The specified number of securities that each class of warrants or rights outstanding give the holder the right but not the obligation to purchase from the issuer at a specific price, on or before a certain date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The per share liquidation preference (or restrictions) of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) that has a preference in involuntary liquidation considerably in excess of the par or stated value of the shares. The liquidation preference is the difference between the preference in liquidation and the par or stated values of the share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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