XML 30 R43.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 6. Note Payable (Related Party) (Details Narrative) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Non-cash interest expense on related party note $ 1,541,065us-gaap_OtherNoncashExpense $ 446,909us-gaap_OtherNoncashExpense
Interest paid in cash on related party note $ 167,742ISDR_InterestPaidInCashOnRelatedPartyNote $ 71,739ISDR_InterestPaidInCashOnRelatedPartyNote
Red Oak    
Related party transaction On November 12, 2014, Red Oak converted $833,327 of principal and $23,369 of accrued interest payable on the 8% Note into 214,710 shares of the Company’s common stock at the conversion price of $3.99. Following this transaction, the principal balance of the note was $1,666,673. As a result of this transaction, the company recorded $323,250 of non-cash interest expense due to the acceleration of debt discount on the portion of the 8% Note that was converted.