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Convertible Debt (Tables)
12 Months Ended
Dec. 31, 2012
Convertible Debt [Abstract]  
Debt

The components of our convertible debt are summarized as follows:

 

  Due  December 31,
2012
  December 31,
2011
(Restated)
 
8% convertible promissory notes  Beginning August 2017  $7,128,187  $- 
12% convertible revolving credit agreement  September 2012   -   466,000 
10% convertible debentures  June 2012   -   600,000 
8.75% convertible debentures  January 2012   -   172,500 
Subtotal - principal     $7,128,187  $1,238,500 
Less debt discount      (1,457,025)  (305,206)
Subtotal – net of debt discount      5,671,162   933,294 
Less current portion      -   (933,294)
Total – long term debt     $5,671,162  $-