7. Convertible Notes Payable (Details Narrative) (USD $)
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Mar. 31, 2013
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Dec. 31, 2012
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Jun. 30, 2012
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Convertible Notes Payable Details Narrative | |||
Aggregate amount of convertible notes payable outstanding | $ 800,000 | ||
Current liabilities convertible notes payable | 200,000 | ||
Long-term liabilities convertible notes payable | 600,000 | 800,000 | |
Amount raised from sale of 3 units | $ 150,000 |
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- Definition
Custom Element. No definition available.
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- Details
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- Definition
Carrying value as of the balance sheet date of long-term debt (with maturities initially due after one year or beyond the operating cycle if longer) identified as Convertible Notes Payable, excluding current portion. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year or the normal operating cycle, if longer plus capital lease obligations due to be paid more than one year after the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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