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Notes Payable and Debt (Tables)
6 Months Ended
Jun. 30, 2013
Debt Disclosure [Abstract]  
Summary of Notes Payable to Significant Stockholder

Promissory Notes

 

Demand Notes Payable to Significant Stockholder

   June 30, 2013      December 31, 2012  

Unsecured demand note payable; interest rate of 7%: issued December 2009

   $ 350,000       $ 350,000   

Unsecured demand notes payable; interest rate of 7%: issued January 2010 — December 2010

     3,310,000         3,310,000   

Unsecured demand notes payable; interest rate of 7%: issued January 2011 — December 2011

     2,240,000         2,240,000   

Unsecured demand notes payable; interest rate of 7%: issued January 2012 — December 2012

     510,000         510,000   

Unsecured demand notes payable; interest rate of 7%: issued January 2013 — June 2013

     50,000         0   
  

 

 

    

 

 

 
     6,460,000         6,410,000   

Accrued interest

     1,142,225         919,526   
  

 

 

    

 

 

 

Aggregate carrying value

   $ 7,602,225       $ 7,329,526