Quarterly report pursuant to Section 13 or 15(d)

Convertible Debt to issue warrants (Details)

v2.4.0.6
Convertible Debt to issue warrants (Details) (USD $)
6 Months Ended
Jun. 30, 2012
Term of warrants (in years) 3
Number of shares agreed to issue the lender warrants to purchase 833,333
Common stock exercise price per share $ 0.12
Total value of warrants invested $ 500,000
Warrants issuable per $100,000 invested 166,667
Restricted stock per share $ 0.12
Interest percentage. 11
In the event of prepayment of notice, must pay additional percentage of outstanding principal amount 5
Finders Fee in cash Oxford Holdings 27,600
Warrants issuable Oxford Holdings 200,000
Common stock at an exercise price Oxford Holdings $ 0.15
Warrants term Oxford Holdings (in years) 2
Non accountable expense allowance Oxford Holdings 15,000
Legal Fees Ventures Group $ 10,000