CONVERTIBLE DEBT OBLIGATIONS (Details Textual) (USD $)
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3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2014
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Jun. 30, 2013
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Jun. 30, 2014
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Jun. 30, 2013
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Convertible Debt Obligations [Line Items] | ||||
Gains (Losses) on Extinguishment of Debt | $ (123,432) | $ 0 | $ (219,419) | $ (195,747) |
Repayments of Convertible Debt | 656,848 | 34,500 | ||
Series A Preferred Stock [Member]
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Convertible Debt Obligations [Line Items] | ||||
Debt Conversion, Converted Instrument, Shares Issued | 231,545 | |||
Convertible Debt [Member]
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Convertible Debt Obligations [Line Items] | ||||
Repayments of Convertible Debt | 981,834 | |||
Repayments of Notes Payable, Principal Amount | 656,848 | |||
Convertible Debt [Member] | Series A Preferred Stock [Member]
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Convertible Debt Obligations [Line Items] | ||||
Debt Conversion, Original Debt, Amount | 874,082 | |||
Debt Conversion, Converted Instrument, Shares Issued | 475,436 | |||
Debt Conversion, Original Debt, Principal Amount | $ 810,054 |
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- Details
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- Definition
The principal 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. No definition available.
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- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation of principal amount. No definition available.
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- Definition
The number of shares issued in exchange for 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 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
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow from the repayment 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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