XML 96 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Issuance of Convertible Preferred Stock and Extinguishment of Debt (Tables)
12 Months Ended
Dec. 31, 2012
Issuance of Convertible Preferred Stock and Extinguishment of Debt [Abstract]  
Schedule of Debt Exchanged for Series A Preferred Convertible Stock
    August 31, 2010  
          Accrued        
Note Descriptions   Principal     Interest     Total  
15% convertible notes payable - investors   $ 1,078,157     $ 264,131     $ 1,342,288  
18% convertible debentures payable - mandatory redemption payment     4,412,058       1,505,343       5,917,401  
18% convertible notes payable - 2006 - 2007     2,170,000       1,498,063       3,668,063  
11% convertible notes payable - June - November 2008     2,500,000       643,457       3,143,457  
11% convertible note payable - July 2008 amended and restated     2,782,563       204,776       2,987,339  
11% convertible notes payable - December 2008     500,000       108,803       608,803  
9% convertible notes payable - May - August 2009     1,000,000       112,300       1,112,300  
8% convertible notes payable - December 2009     4,500,000       165,135       4,665,135  
8% convertible notes payable - June 2010     1,100,000       16,558       1,116,558  
17% promissory notes payable - July 2005     1,200,000       1,631,552       2,831,552  
18% promissory notes payable - December 2007 financing     600,000       251,154       851,154  
18% promissory notes payable - January 2008 financing     600,000       236,071       836,071  
5% debt seller note (Plum Mine)     250,000       64,584       314,584  
                         
    $ 22,692,778     $ 6,701,927     $ 29,394,705  
Schedule of Loss on Extinguishment of Debt
Principal and interest exchanged at August 31, 2010   $ 29,394,705  
Discount on debt eliminated     (1,691,770 )
Interest accrued from September 1, 2010 -October 20, 2010     526,258  
Convertible debt beneficial conversion feature derivative eliminated     21,840,398  
Issuance Series A-1 convertible preferred stock at fair value     (51,589,904 )
Issuance Series A-2 convertible preferred shares at fair value     (20,969,237 )
Accrual of tax indemnification related to exchange (Note 22)     (3,861,340 )
Loss on extinguishment of debt   $ (26,350,890 )