XML 79 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
COMMON AND PREFERRED STOCK (Details Narrative) (USD $)
Jun. 30, 2013
Jun. 26, 2013
Jun. 12, 2013
Apr. 26, 2013
Apr. 23, 2013
Apr. 02, 2013
Mar. 31, 2013
Mar. 19, 2013
Dec. 31, 2012
Common Stock                  
Restricted shares issued to Empire Relations Holdings, LLC               250,000  
Fair value of shares issued to Empire Relations Holdings, LLC               $ 15,500  
Closing stock price on measurement date               $ 0.062  
Shares issued upon conversion of remaining balance of guaranty note and accrued and unpaid interest             3,699,280    
Remaining balance of guaranty note             32,000    
Accrued and unpaid interest on guaranty note             6,060    
Shares issued to advisor to Company's Board of Directors           2,000,000      
Warrant to purchase common stock issued to advisor       3,000,000   3,000,000      
Warrant exercise price       $ 0.05   $ 0.05      
Warrant expiration term           3 years      
Shares to be issued to advisor at end of each calendar quarter until earlier of March 31, 2015 or date of end of advisory role 250,000                
Stock based compensation expense for shares issued to advisor 9,775                
Market price of common stock $ 0.0391                
Convertible Note issued to unaffiliated third party in exchange and for the cancellation of a litigation contingency acquired by the third party         46,449        
Shares issued in satisfaction of Convertible Note         1,750,000        
Shares issued, price per share         $ 0.0265        
Beneficial conversion feature expense         29,561        
Shares of common stock exchanged for Class B Preferred Stock by CEO   30,335,000              
Class B Preferred Stock received for exchange of common stock by CEO   450,000              
Accrued compensation due to CEO reduced by Company   100,022              
Stock based compensation expense to CEO recognized by Company   2,821,275              
Preferred Stock                  
Shares of Series B Preferred Stock, outstanding 1,000,000               800,000
Series B Preferred Stock, par value $ 0.01               $ 0.01
Cancelled book entry of Rodriguez's shares Class B Preferred Stock     250,000            
Issuance of shares of Class B Preferred Stock                 450,000
Shares of Class B Preferred Stock outstanding 1,000,000               800,000
Warrants                  
Warrant to purchase common stock issued to advisor to Company's Board of Directors       3,000,000   3,000,000      
Value of warrant based on the Black Scholes formula       $ 124,200          
Estimated market value of common stock on measurement date       $ 0.04          
Exercise price       $ 0.05   $ 0.05      
Risk free interest rate       11.00%          
Term       3 years          
Expected volatility       223.00%          
Expected dividends       0.00%