Convertible Notes Payable	12 Months Ended
Dec. 31, 2013
Notes to Financial Statements
6. Convertible Notes Payable	On December 31, 2012, the Company failed to make required payments aggregating $1,000,000 in principal and approximately $158,000 of accrued interest due on a certain convertible note agreement dated November 8, 2010. On February 1, 2013, the Company repaid the outstanding principal balance of $1,000,000 of the convertible notes plus outstanding accrued interest of $163,861. The convertible notes bore interest at a rate of 7% per annum compounded annually and were due on December 31, 2012. The Company recorded amortization of debt discount associated with convertible notes payable of $275,388 for the year ended December 31, 2012 using the effective interest method. As of December 31, 2012, the debt discount had been fully amortized.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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