3. NOTES PAYABLE TO SIGNIFICANT STOCKHOLDERS (Details Narrative)) (USD $)
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9 Months Ended | |
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Sep. 30, 2012
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Dec. 31, 2011
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Debt Disclosure [Abstract] | ||
Maturity Date Description | (i) March 31, 2012 (as amended); (ii) the date on which the Company consummates a preferred stock financing in which the gross proceeds to the Company total at least $10,000,000 Qualified Financing, as defined in the Notes) | |
Principal amount of notes outstanding | $ 200,000 | $ 250,000 |
Accrued interest | $ 3,255 | $ 12,740 |
Convertible notes | 27,369 |
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- Definition
Accrued interest. No definition available.
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- Definition
Convertible notes. No definition available.
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- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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