Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Details Narrative)

v2.4.1.9
Subsequent Events (Details Narrative) (USD $)
0 Months Ended 1 Months Ended
Nov. 12, 2014
Nov. 17, 2014
Subsequent Event [Line Items]    
Preferred stock issued 600,000us-gaap_PreferredStockSharesIssued  
Proceeds from issuance of private placement $ 2,700,000us-gaap_ProceedsFromIssuanceOfPrivatePlacement  
Subsequent Event | Series A Preferred Stock    
Subsequent Event [Line Items]    
Preferred stock issued   600,000us-gaap_PreferredStockSharesIssued
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Price per share   $ 5.00us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
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Proceeds from issuance of private placement   $ 2,700,000us-gaap_ProceedsFromIssuanceOfPrivatePlacement
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Preferred Stock, call or exercise features   At any time from November 17, 2014, the date of Closing, and prior to October 20, 2019 (the “Put/Call Exercise Period”), the investors may exercise a right to purchase and require the Company to sell up to an additional 700,000 shares of Series A Stock. If the investors have not exercised this right during the Put/Call Exercise Period, the Company may exercise a right to cause and require the investors to purchase up to an additional 700,000 shares of Series A Stock, for an aggregate purchase price of $3,500,000.
Preferred stock, conversion terms   Holders of the Series A Stock shall initially have the right to convert such shares of Series A Stock into the number of authorized but previously unissued shares of the Company’s common stock obtained by dividing the stated value of each share of Series A ($5.00) by $2.00. For each share of Series A Stock, the investors will receive 2.5 Preferred Warrants to purchase the Company’s common stock at an exercise price of $2.50 per share. The Preferred Warrants are exercisable immediately for a period of five years from the date of closing. The exercise price of the Preferred Warrants is subject to adjustments in the case of stock splits, stock dividends, combinations of shares and similar recapitalization transactions. The exercisability of the Preferred Warrants may be limited if upon exercise, the warrant holder or any of its affiliates would beneficially own more than 4.99% of the Company’s Common Stock.
Preferred stock, dividend rate percentage   8.00%us-gaap_PreferredStockDividendRatePercentage
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Preferred stock, dividend rate per share amount   $ 0.40us-gaap_PreferredStockDividendRatePerDollarAmount
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