Convertible debt (Details) (USD $)
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0 Months Ended | |
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Aug. 04, 2010
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Feb. 28, 2013
Director [Member]
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Convertible Debt (Textual) | ||
Convertible promissory note | $ 100,000 | |
Conversion price | $ 0.15 | |
Interest rate on note | 4.00% | 10.00% |
Note maturity date | Feb. 28, 2014 | |
Beneficial conversion feature recorded as a discount | $ 17,851 |
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- Details
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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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- Definition
Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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