CONVERTIBLE DEBT Discount and derivative liability (Details) (USD $)
|
Sep. 30, 2012
|
Dec. 31, 2011
|
---|---|---|
Debt discount against loan | $ 500,000 | $ 0 |
Derivative liability recorded | 552,988 | 0 |
Stock issued under the terms of convertible debt, volatility rate | 151.45% | 151.49% |
Annual rate of dividends | 0.00% | 0.00% |
Risk free interest rate | 27.00% | 25.00% |
Other income of change in fair value of derivative liability | $ 24,422 | $ 0 |
X | ||||||||||
- Definition
Annual rate of dividends. No definition available.
|
X | ||||||||||
- Definition
The amount of debt discount against loan as on the date. No definition available.
|
X | ||||||||||
- Definition
The amount of derivative liability recorded as on the date. No definition available.
|
X | ||||||||||
- Definition
Other income of change in fair value of derivative liability as on the date. No definition available.
|
X | ||||||||||
- Definition
Risk free interest rate No definition available.
|
X | ||||||||||
- Definition
Stock issued under the terms of convertible debt, volatility rate. No definition available.
|