Annual report pursuant to Section 13 and 15(d)

Convertible Debt Discount and derivative liability (Details)

v2.4.0.8
Convertible Debt Discount and derivative liability (Details) (USD $)
Jun. 30, 2013
Dec. 05, 2011
Convertible Debt Discount and derivative liability    
Debt discount against loan $ 500,000 $ 500,000
Derivative liability recorded. 552,988 552,988
Stock issued under the terms of convertible debt, volatility rate 151.45% 151.45%
Rate of dividends.(per annum) 0.00% 0.00%
Risk free interest rate. %   27.00%
Other income of change in fair value of derivative liability. $ 24,422 $ 24,422