XML 24 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events

10. Subsequent Events

 

In October of 2012, the Company amended its current private placement to extend the period of the offering through December 31, 2012 and increase the maximum amount of the offering from $2 million to $4 million.

 

Through mid-November 2012 the Company raised approximately $1.7 million through its private placement. Approximately $1 million of this amount has been brought into the Company, while approximately $700,000 remains in escrow or various stages of completing necessary documentation. It is expected that $100,000 to $300,000 of this amount will be brought into the Company as of the time of filing this third quarter 2012 10Q document.