Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Mar. 19, 2014 | Jun. 30, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'SOLAR3D, INC. | ' | ' |
Document Type | '10-K | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 275,409,669 | ' |
Entity Public Float | ' | ' | $1,234,991 |
Amendment Flag | 'false | ' | ' |
Entity Central Index Key | '0001172631 | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
CURRENT ASSETS | ' | ' |
Cash | $10,422 | $33,637 |
Prepaid expense | 4,862 | 3,708 |
TOTAL CURRENT ASSETS | 15,284 | 37,345 |
PROPERTY & EQUIPMENT, at cost | ' | ' |
Machinery & equipment | 13,080 | 13,080 |
Computer equipment | 61,955 | 57,795 |
Furniture & fixture | 4,670 | 4,670 |
79,705 | 75,545 | |
Less accumulated depreciation | -72,971 | -71,124 |
NET PROPERTY AND EQUIPMENT | 6,734 | 4,421 |
OTHER ASSETS | ' | ' |
Security deposit | 2,000 | 0 |
Patents | 23,161 | 0 |
TOTAL OTHER ASSETS | 25,161 | 0 |
TOTAL ASSETS | 47,179 | 41,766 |
CURRENT LIABILITIES | ' | ' |
Accounts payable | 73,791 | 67,580 |
Accrued expenses | 43,060 | 43,060 |
Accrued interest payable | 39,890 | 2,790 |
Derivative liability | 2,822,430 | 696,564 |
Convertible promissory note payable, net of discount $204,020 and $236,017, respectively | 515,397 | 123,400 |
TOTAL CURRENT LIABILITIES | 3,494,568 | 933,394 |
SHAREHOLDERS' DEFICIT | ' | ' |
Preferred stock, $.001 par value; 5,000,000 authorized shares; | 0 | 0 |
Common stock, $.001 par value;1,000,000,000 authorized shares; 213,290,259 and 141,155,412 shares issued and outstanding, respectively | 213,289 | 141,155 |
Additional paid in capital | 12,286,429 | 11,099,398 |
Accumulated Deficit | -15,947,107 | -12,132,181 |
TOTAL SHAREHOLDERS' DEFICIT | -3,447,389 | -891,628 |
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT | $47,179 | $41,766 |
BALANCE_SHEETS_Parentheticals
BALANCE SHEETS (Parentheticals) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Convertible promissory note payable, discount (in Dollars) | $204,020 | $236,017 |
Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 1,000,000,000 | 500,000,000 |
Common stock, shares issued | 213,290,259 | 141,155,412 |
Common stock, shares outstanding | 213,290,259 | 141,155,412 |
STATEMENTS_OF_OPERATIONS
STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
REVENUE | $0 | $0 |
COST OF SERVICES | 0 | 0 |
GROSS PROFIT | 0 | 0 |
OPERATING EXPENSES | ' | ' |
General and administrative expenses | 970,769 | 1,319,918 |
Research and development | 108,565 | 157,742 |
Impairment loss | 0 | 0 |
Depreciation and amortization expense | 1,847 | 1,610 |
TOTAL OPERATING EXPENSES | 1,081,181 | 1,479,270 |
LOSS FROM OPERATIONS | -1,081,181 | -1,479,270 |
OTHER INCOME/(EXPENSES) | ' | ' |
Penalties | 0 | -112 |
Gain/(loss) on change in derivative liability | -2,068,886 | -423,914 |
Gain/(Loss) on settlement of debt | 60,908 | -30,750 |
Interest expense | -725,767 | -108,732 |
TOTAL OTHER INCOME/(EXPENSES) | -2,733,745 | -563,508 |
NET LOSS | ($3,814,926) | ($2,042,778) |
BASIC AND DILUTED LOSS PER SHARE (in Dollars per share) | ($0.02) | ($0.02) |
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED (in Shares) | 168,603,843 | 128,117,443 |
STATEMENTS_OF_STOCKHOLDERS_EQU
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance at Dec. 31, 2011 | $0 | $118,283 | $9,974,861 | ($10,089,403) | $3,741 |
Balance (in Shares) at Dec. 31, 2011 | 0 | 118,283,724 | ' | ' | ' |
Issuance of Common Stock for Cash and Other Consideration | ' | 15,877 | 334,623 | ' | 350,500 |
Issuance of Common Stock for Cash and Other Consideration (in Shares) | ' | 15,876,906 | ' | ' | ' |
Issuance of common stock at fair value for accounts payable & services | ' | 3,480 | 169,455 | ' | 172,935 |
Issuance of common stock at fair value for accounts payable & services (in Shares) | ' | 3,479,630 | ' | ' | ' |
Issuance of Common Stock for Warrants Exercised | ' | 3,515 | -3,515 | ' | ' |
Issuance of Common Stock for Warrants Exercised (in Shares) | ' | 3,515,152 | ' | ' | ' |
Debt discount on promissory notes | ' | ' | 59,388 | ' | 59,388 |
Stock Compensation Cost | ' | ' | 564,586 | ' | 564,586 |
Net Loss | ' | ' | ' | -2,042,778 | -2,042,778 |
Balance at Dec. 31, 2012 | 0 | 141,155 | 11,099,398 | -12,132,181 | -891,628 |
Balance (in Shares) at Dec. 31, 2012 | 0 | 141,155,412 | ' | ' | ' |
Issuance of Common Stock for Cash and Other Consideration | ' | 5,723 | 36,777 | ' | 42,500 |
Issuance of Common Stock for Cash and Other Consideration (in Shares) | ' | 5,722,479 | ' | ' | ' |
Issuance of common stock for conversion of promissory notes, plus accrued interest | ' | 42,382 | 788,875 | ' | 831,257 |
Issuance of common stock for conversion of promissory notes, plus accrued interest (in Shares) | ' | 42,382,705 | ' | ' | ' |
Issuance of Common Stock for Warrants Exercised | ' | 24,029 | -24,029 | ' | ' |
Issuance of Common Stock for Warrants Exercised (in Shares) | ' | 24,029,663 | ' | ' | 24,029,663 |
Stock Compensation Cost | ' | ' | 385,408 | ' | 385,408 |
Net Loss | ' | ' | ' | -3,814,926 | -3,814,926 |
Balance at Dec. 31, 2013 | $0 | $213,289 | $12,286,429 | ($15,947,107) | ($3,447,389) |
Balance (in Shares) at Dec. 31, 2013 | 0 | 213,290,259 | ' | ' | ' |
STATEMENTS_OF_STOCKHOLDERS_EQU1
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Parentheticals) (Common Stock [Member]) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Common Stock [Member] | ' | ' |
Per share | '$0.01 - $0.02 | '$0.015 - $0.05 |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net loss | ($3,814,926) | ($2,042,778) |
Adjustments to reconcile net loss to net cash used in operating activities | ' | ' |
Depreciation and amortization | 1,847 | 1,610 |
Stock Compensation Cost | 385,408 | 564,586 |
(Gain)/loss on change in derivative liability | 2,068,886 | 423,914 |
Amortization of debt discount and OID recognized as interest | 672,155 | 96,021 |
(Gain)/loss on settlement of debt | -60,908 | 30,750 |
Changes in Assets and Liabilities | ' | ' |
Prepaid expenses | -1,154 | 21,292 |
Deposits and other assets | -2,000 | 2,975 |
Accounts payable | 6,211 | 192,416 |
Accrued expenses | 53,587 | 45,850 |
NET CASH USED IN OPERATING ACTIVITIES | -690,894 | -663,364 |
NET CASH FLOWS USED IN INVESTING ACTIVITIES: | ' | ' |
Purchase of property and equipment | -4,160 | 0 |
Expenditures for intangible assets | -23,161 | 0 |
NET CASH USED IN INVESTING ACTIVITIES | -27,321 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Payment of bank overdraft | 0 | -12,916 |
Proceeds from convertible promissory note | 652,500 | 359,417 |
Proceeds from issuance of common stock and subscription payable | 42,500 | 350,500 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 695,000 | 697,001 |
NET INCREASE IN CASH | -23,215 | 33,637 |
CASH, BEGINNING OF PERIOD | 33,637 | 0 |
CASH, END OF PERIOD | 10,422 | 33,637 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ' | ' |
Interest paid | 0 | 4 |
Income taxes | $0 | $0 |
SUPPLEMENTAL_DISCLOSURES_OF_NO
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS | 12 Months Ended |
Dec. 31, 2013 | |
Supplemental Cash Flow Elements [Abstract] | ' |
Cash Flow, Supplemental Disclosures [Text Block] | ' |
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS | |
During the year ended December 31, 2013, the Company issued 24,029,663 shares of common stock for 36,978,106 purchase warrants through a cashless exercise. | |
Also, the Company issued 42,382,705 shares upon conversion of convertible notes in the amount of $307,083 in principal, plus $16,488 in interest with a gain on | |
settlement of $60,908. During the year ended December 31, 2012, the Company issued 3,515,152 shares of common stock for 5,333,332 purchase warrants through a cashless exercise. | |
1_ORGANIZATION_AND_LINE_OF_BUS
1. ORGANIZATION AND LINE OF BUSINESS | 12 Months Ended |
Dec. 31, 2013 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
1. ORGANIZATION AND LINE OF BUSINESS | |
Organization | |
Solar3D, Inc. (the "Company") was incorporated in the state of Delaware on January 30, 2002. The Company, based in Santa Barbara, California, began operations on January 30, 2002. We were originally formed in January 2002 as MachineTalker, Inc. in order to pursue the development of new wireless process control technology. In September 2010, we shifted our engineering and research focus to developing a new means for generating solar-produced electrical power, which we plan to patent and perfect for use in the manufacture of highly efficient solar cells. In July 2010, we changed our company name to Solar3D, Inc. in order to better reflect our new business plan. | |
Line of Business | |
The Company has exited the development stage due to the acquisition of Solar United Network, Inc. The Company is developing and marketing a new three-dimensional version of solar cell technology in order to maximize the conversion of sunlight into electricity. Conventional solar cells reflect a significant amount of incident sunlight losing much of the solar energy that could have been utilized to produce additional electrical power. Inspired by light management techniques used in fiber optic devices, Solar3D is designing a new type of solar cell, one that utilizes a three-dimensional design to trap sunlight inside the photovoltaic structure where it is reflected multiple times until much more of the energy is absorbed into the solar cell material. We have applied for patent protection on what we believe to be a breakthrough design for the next generation in solar cell technology with increased efficiency and resulting in a lower cost per watt of electricity produced. | |
Going Concern | |
The accompanying financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. The accompanying financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. The Company does not generate significant revenue, and has negative cash flows from operations, which raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, an additional cash infusion. Management believes the existing shareholders and potential prospective new investors will provide the additional cash needed to meet the Company’s obligations as they become due, and will allow the development of its core of business. | |
2_SUMMARY_OF_SIGNIFICANT_ACCOU
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Significant Accounting Policies [Text Block] | ' | ||||||||||||||||
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||||||||||||||
This summary of significant accounting policies of Solar3D, Inc. is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. | |||||||||||||||||
Development Stage Activities and Operations | |||||||||||||||||
The Company acquired Solar United Networks, Inc. an operating subsidiary. Planned operations have started. The Company will have significant revenues, thereby eliminating the development stage as of December 31, 2013. | |||||||||||||||||
Use of Estimates | |||||||||||||||||
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements include the estimate of useful lives of property and equipment, the deferred tax valuation allowance, and the fair value of stock options. Actual results could differ from those estimates. | |||||||||||||||||
Cash and Cash Equivalent | |||||||||||||||||
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. | |||||||||||||||||
Property and Equipment | |||||||||||||||||
Property and equipment are stated at cost, and are depreciated using the straight line method over its estimated useful lives: | |||||||||||||||||
Machinery & equipment | 5 Years | ||||||||||||||||
Furniture & fixtures | 5-7 Years | ||||||||||||||||
Computer equipment | 5 Years | ||||||||||||||||
Depreciation expense as of December 31, 2013 and 2012 was $1,874 and $1,610 respectively. | |||||||||||||||||
Revenue Recognition | |||||||||||||||||
We recognize revenue upon delivery, provided that evidence of an arrangement exists, title, and risk of loss have passed to the customer, fees are fixed or determinable, and collection of the related receivable is reasonably assured. We record revenue net of estimated product returns, which is based upon our return policy, sales agreements, management estimates of potential future product returns related to current period revenue, current economic trends, changes in customer composition and historical experience. Generally, we extend credit to our customers and do not require collateral. We perform ongoing credit evaluations of our customers and historic credit losses have been within our expectations. We do not ship a product until we have a purchase agreement signed by the customer with a payment arrangement. This is a critical policy, because we want our accounting to show only sales which are “final” with a payment arrangement. We do not make consignment sales, nor inventory sales subject to a “buy back” or return arrangement from customers. Accordingly, original equipment manufacturers do not presently have a right to return unsold products to us. | |||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||
Disclosures about fair value of financial instruments, requires disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of December 31, 2013, the amounts reported for cash, accrued interest and other expenses, and notes payable approximate the fair value because of their short maturities. | |||||||||||||||||
We adopted ASC Topic 820 (originally issued as SFAS 157, “Fair Value Measurements”) for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements. | |||||||||||||||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: | |||||||||||||||||
· | Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; | ||||||||||||||||
· | Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and | ||||||||||||||||
· | Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | ||||||||||||||||
We measure certain financial instruments at fair value on a recurring basis. Assets and liabilities measured at fair value on a recurring basis are as follows at December 31, 2013: | |||||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Assets | $ | - | $ | - | $ | - | $ | - | |||||||||
Total assets measured at fair value | $ | - | $ | - | $ | - | $ | - | |||||||||
Liabilities | |||||||||||||||||
Derivative liability | 2,822,430 | - | - | 2,822,430 | |||||||||||||
Convertible promissory note | 515,397 | - | - | 515,397 | |||||||||||||
Total liabilities measured at fair value | $ | 3,337,827 | $ | - | $ | - | $ | 3,337,827 | |||||||||
Advertising | |||||||||||||||||
The Company expenses advertising costs as incurred. Advertising costs for the years ended December 31, 2013 and 2012 were $265 and $37,766, respectively. | |||||||||||||||||
Research and Development Costs | |||||||||||||||||
Research and development costs are expensed as incurred. These costs consist primarily of consulting fees, salaries and direct payroll related costs. The costs for the years ended December 31, 2013 and 2012 were $108,565 and $157,742, respectively. | |||||||||||||||||
Stock-Based Compensation | |||||||||||||||||
Share based payments apply to transactions in which an entity exchanges its equity instruments for goods or services, and also applies to liabilities an entity may incur for goods or services that are to follow a fair value of those equity instruments. We will be required to follow a fair value approach using an option-pricing model, such as the Black-Scholes option valuation model, at the date of a stock option grant. The deferred compensation calculated under the fair value method would then be amortized over the respective vesting period of the stock option. The adoption of share based compensation has no material impact on our results of operations. | |||||||||||||||||
Loss per Share Calculations | |||||||||||||||||
Loss per Share dictates the calculation of basic earnings per share and diluted earnings per share are computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. No shares for employee options or warrants were used in the calculation of the loss per share as they were all anti-dilutive. The Company’s diluted loss per share is the same as the basic loss per share for the years ended December 31, 2013 and 2012, as the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss. The Company has excluded 3,000,000 and 37,798,106 warrants for the years ended December 31, 2013 and 2012, respectively. | |||||||||||||||||
For the years ended | |||||||||||||||||
December 31, , | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Loss) to common shareholders (Numerator) | $ | (3,814,926 | ) | $ | (2,042,778 | ) | |||||||||||
Basic and diluted weighted average number of common shares outstanding (Denominator) | 168,603,843 | 128,117,443 | |||||||||||||||
Basic and diluted loss per common shares | $ | (0.02 | ) | $ | (0.02 | ) | |||||||||||
Income Taxes | |||||||||||||||||
The Company uses the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to financial statements carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. The measurement of deferred tax assets and liabilities is based on provisions of applicable tax law. The measurement of deferred tax assets is reduced, if necessary, by a valuation allowance based on the amount of tax benefits that, based on available evidence, is not expected to be realized. | |||||||||||||||||
Recently Issued Accounting Pronouncements | |||||||||||||||||
Management reviewed accounting pronouncements issued during the year ended December 31, 2013, and no pronouncements were adopted during the year. | |||||||||||||||||
3_INCOME_TAXES
3. INCOME TAXES | 12 Months Ended |
Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Tax Disclosure [Text Block] | ' |
3. INCOME TAXES | |
The Company files income tax returns in the U.S. federal jurisdiction and the state of California. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2011. | |
Deferred income taxes have been provided by temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for tax purposes. To the extent allowed by GAAP, we provide valuation allowances against the deferred tax assets for amounts when the realization is uncertain. Included in the balances at December 31, 2013 and 2012, are no tax positions for which the ultimate deductibility is highly certain, but for which there is uncertainty about the timing of such deductibility. Because of the impact of deferred tax accounting, other than interest and penalties, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period. | |
The Company's policy is to recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the periods ended December 31, 2013 and 2012, the Company did not recognize interest and penalties. | |
4_DEFERRED_TAX_BENEFIT
4. DEFERRED TAX BENEFIT | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Deferred Tax Benefit Disclosure [Abstract] | ' | ||||||||
Deferred Tax Benefit Disclosure [Text Block] | ' | ||||||||
4. DEFERRED TAX BENEFIT | |||||||||
The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the year ended December 31, 2013 and 2012 due to the following: | |||||||||
2013 | 2012 | ||||||||
Book Income | $ | (1,526,000 | ) | $ | (817,100 | ) | |||
Other | 600 | 400 | |||||||
Depreciation | (200 | ) | 600 | ||||||
Stock Compensation Expense | 154,200 | 225,800 | |||||||
Loss on Derivative | 827,600 | 169,600 | |||||||
Amortization of Debt Discount | 268,900 | 38,400 | |||||||
Stock for Services | - | 69,200 | |||||||
Gain/Loss on Settlement of Debt | (24,400 | ) | 12,300 | ||||||
Related Party Accrual | - | 17,200 | |||||||
R&D Credit | 4,000 | 5,400 | |||||||
Valuation Allowance | 295,300 | 278,200 | |||||||
Income tax expense | $ | - | $ | - | |||||
Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible differences and operating loss and tax credit carry-forwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the difference between the reported amounts of assets and liabilities and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. | |||||||||
Net deferred tax liabilities consist of the following components as of December 31, 2013 and 2012: | |||||||||
2013 | 2012 | ||||||||
Deferred tax assets: | |||||||||
NOL carryover | $ | 2,732,500 | $ | 2,437,400 | |||||
R&D | 163,600 | 153,700 | |||||||
Contributions | - | 400 | |||||||
Related party accruals | 17,200 | 17,200 | |||||||
Deferred tax liabilities: | |||||||||
Depreciation | (1,500 | ) | (1,300 | ) | |||||
Less valuation allowance | (2,911,800 | ) | (2,607,400 | ) | |||||
Net deferred tax asset | $ | - | $ | - | |||||
At December 31, 2013, the Company had net operating loss carry-forwards of approximately $6,831,200 that may be offset against future taxable income from the year 2014 through 2034. No tax benefit has been reported in the December 2013 financial statements, since the potential tax benefit is offset by a valuation allowance of the same amount. | |||||||||
Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry-forwards for federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur, net operating loss carry-forwards may be limited as to use in future years. | |||||||||
5_CAPITAL_STOCK
5. CAPITAL STOCK | 12 Months Ended |
Dec. 31, 2013 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
5. CAPITAL STOCK | |
On March 29, 2013, the Company increased its number of authorized shares of common stock from 500,000,000, par value $0.001 per share to 1,000,000,000, par value $0.001 per share, and authorized 5,000,000 shares of preferred stock, par value $0.001 per share. | |
During the year ended December 31, 2013, the Company issued 3,125,000 shares of common stock at prices per share ranging from $0.01 to $0.02 for cash in the amount of $42,500; issued 42,382,795 shares of common stock at fair values of prices between $0.004 and $0.039 for the conversion of promissory notes in the principal amount of $307,083, plus accrued interest of $16,488, with a gain on conversion of $60,908. Also, an investor exercised 34,978,106 common stock purchase warrants for 24,029,663 shares of common stock through a cashless exercise at fair value. Also, the Company issued 2,597,479 for a price adjustment for the shares issued for cash. | |
During the year ended December 31, 2012, the Company issued 5,533,334 shares of common stock, with 10,666,666 shares of common stock purchase warrants at a price of $0.015 per share for cash of $83,000; issued 2,825,000 shares of common stock at a price of $0.020 per share for cash of $56,500; issued 3,180,000 shares of common stock, with 6,360,000 shares of common stock purchase warrants at a price of $0.025 per share for cash of $79,500; issued 2,150,000 shares of common stock at a price of $0.025 per share for cash of $53,750; issued 3,479,630 shares of common stock for services at a fair value of $172,935, recognizing a loss of $30,750 on settlement of debt; issued 300,000 shares of common stock at a price of $0.03 per share for cash of $9,000; issued 428,572 shares of common stock with 857,144 shares of common stock purchase warrants at a price of $0.035 per share for cash of $15,000; issued 25,000 shares of common stock at a price of $0.05 per share for cash of $1,250; issued 800,000 shares of common stock with 1,600,000 shares of common stock purchase warrants at a price of $0.05 per share for cash of $40,000; issued 135,000 shares of common stock at a price of $0.05 for a subscription payable of $6,750; issued 500,000 shares of common stock at a price of $0.025 for a subscription payable of $12,500; issued 750,000 shares of common stock for accounts payable at fair value of $30,000. | |
6_STOCK_OPTIONS_AND_WARRANTS
6. STOCK OPTIONS AND WARRANTS | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||||||||||
6. STOCK OPTIONS AND WARRANTS | |||||||||||||||||
As of December 31, 2013, the Board of Directors of the Company granted non-qualified stock options for 23,000,000 shares of common stock to its employees, directors and consultants, as agreements may provide. Notwithstanding any other provisions of the option agreements, each option expires on the date specified in the option agreements, which date shall not be later than the fifth (5th) anniversary from the grant date of the options. The stock options vest at various times, and are exercisable for a period of seven years from the date of grant at exercise prices ranging from $0.01 to $0.05 per share, the market value of the Company’s common stock on the date of grant. The Company determined the fair market value of these options by using the Black Scholes option valuation model with the following significant assumptions: | |||||||||||||||||
2013 | |||||||||||||||||
Risk free interest rate | 1.01% | - | 2.38% | ||||||||||||||
Stock volatility factor | 93.60% | - | 229% | ||||||||||||||
Weighted average expected option life | 7 years | ||||||||||||||||
Expected dividend yield | None | ||||||||||||||||
A summary of the Company’s stock option activity and related information follows: | |||||||||||||||||
12/31/13 | 12/31/12 | ||||||||||||||||
Weighted | Weighted | ||||||||||||||||
Number | average | Number | average | ||||||||||||||
of | exercise | of | exercise | ||||||||||||||
Options | price | Options | price | ||||||||||||||
Outstanding, beginning of period | 23,000,000 | $ | 0.04 | 15,000,000 | $ | 0.05 | |||||||||||
Granted | 2,000,000 | 0.02 | 8,000,000 | 0.01 | |||||||||||||
Exercised | - | - | - | - | |||||||||||||
Expired | - | - | - | - | |||||||||||||
Outstanding, end of period | 25,000,000 | $ | 0.04 | 23,000,000 | $ | 0.04 | |||||||||||
Exercisable at the end of period | 19,750,003 | $ | 0.04 | 13,944,445 | $ | 0.04 | |||||||||||
Weighted average fair value of options granted during the period | $ | 0.02 | $ | 0.03 | |||||||||||||
The stock-based compensation expense recognized in the statement of operations during the years ended December 31, 2013 and 2012, is $385,408 and $564,586 respectively. | |||||||||||||||||
Warrants | |||||||||||||||||
A summary of the Company’s warrant activity and related information follows: | |||||||||||||||||
12/31/13 | 12/31/12 | ||||||||||||||||
Weighted | Weighted | ||||||||||||||||
Number | average | Number | average | ||||||||||||||
of | exercise | of | exercise | ||||||||||||||
Warrants | price | Warrants | price | ||||||||||||||
Outstanding, beginning of period | 37,978,106 | $ | 0.04 | 14,353,340 | $ | 0.06 | |||||||||||
Granted | - | - | 29,078,098 | 0.023 | |||||||||||||
Exercised | (34,978,106 | ) | - | (5,333,332 | ) | 0.015 | |||||||||||
Expired | - | - | (120,000 | ) | 0.12 | ||||||||||||
Outstanding, end of period | 3,000,000 | $ | 0.04 | 37,978,106 | $ | 0.04 | |||||||||||
Exercisable at the end of period | 3,000,000 | $ | 0.075 | 37,978,106 | $ | 0.04 | |||||||||||
Weighted average fair value of options granted during the period | $ | 0 | $ | 0 | |||||||||||||
At December 31, 2013, the weighted average remaining contractual life of warrants outstanding: | |||||||||||||||||
Weighted | |||||||||||||||||
Average | |||||||||||||||||
Remaining | |||||||||||||||||
Exercisable | Warrants | Warrants | Contractual | ||||||||||||||
Prices | Outstanding | Exercisable | Life (years) | ||||||||||||||
$ | 0.075 | 1,000,000 | 1,000,000 | 2.47 | |||||||||||||
$ | 0.015 | 2,000,000 | 2,000,000 | 3.72 | |||||||||||||
3,000,000 | 3,000,000 | ||||||||||||||||
The majority of the warrants that were issued through equity financing, had a cashless exercise option to purchase 37,978,106 shares of common stock, and as of December 31, 2013 the warrants were exercised for 24,029,663 shares of common stock. | |||||||||||||||||
7_CONVERTIBLE_PROMISSORY_NOTES
7. CONVERTIBLE PROMISSORY NOTES | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Debt Disclosure [Abstract] | ' | ||||||
Debt Disclosure [Text Block] | ' | ||||||
7. CONVERTIBLE PROMISSORY NOTES | |||||||
As of December 31, 2013, the Company had the following securities purchase agreements: | |||||||
On September 19, 2012 and November 23, 2012, the Company entered into two securities purchase agreements each providing for the sale of an 8% unsecured Convertible Notes (“the Notes”) in the principal amounts of $42,500, and $32,500 for an aggregate total of $75,000. The notes matured on June 21, 2013, and August 15, 2013, respectively. After one hundred and eighty days (180) the holder converted both notes for an aggregate principal sum of $75,000, plus accrued interest of $3,000 on various dates during the year ended December 31, 2013, into 9,875,627 shares of common stock. The notes were measured at fair value using the Black-Scholes pricing model, and the Company recognized a gain on conversion of $2,490. The Company recorded debt discount of $62,446 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the remaining debt discount was amortized, and recorded as interest expense in the amount of $43,835, resulting in a net remaining debt discount of $0 at December 31, 2013. | |||||||
On October 24, 2012, the Company entered into a securities purchase agreement, providing for the sale of a 10% convertible note in the aggregate principal amount of $335,000, with an original issue discount of $35,000. Advances will be paid in amounts at the lender’s discretion. Upon execution of the securities purchase agreement, the Company received an advance of $50,000, with an original issued discount of $5,833. The note matures one (1) year from the effective date of each advance. If the advances are repaid within 90 days, the interest rate will be zero percent (0%), otherwise a one time interest rate of five percent (5%) will be applied to the principal sums outstanding. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of the lesser of $0.035 per share or seventy percent (70%) of the lowest trading price of the previous 25 trading days prior to conversion. During the year ended December 31, 2013, the Company received additional advances of $125,000, with original issue discounts of $14,584, receiving an aggregate total of $175,000. During the year ended December 31, 2013, the investor received 17,189,559 shares of common stock upon conversion of principal in the amount of $125,000, plus accrued interest and original issued discount of $21,563 and recognized a gain of $44,657. As of December 31, 2013, the aggregate principal sum outstanding was $50,000, plus the original issued discount and accrued interest of $8,625 for a total of $58,625. The Company recorded debt discount of $138,845 related to the conversion feature of the note, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $110,304, resulting in a remaining net debt discount of $28,541 at December 31, 2013. | |||||||
On November 13, 2012, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $20,000. The advance amounts are at the lender’s discretion. The Company received additional advances for a sum of $80,000 on various dates for an aggregate total of $100,000. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.01 per share or fifty percent (50%) of the lowest trading price in the previous 25 trading days. The note matures one (1) year from the effective date of each advance with respect to each advance. During the year ended December 31, 2013, the investor received 5,115,849 shares of common stock upon conversion of principal in the amount of $35,000, plus accrued interest of $3,625 and recognized a gain of $368.The Company recorded debt discount of $100,000 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $98,767, resulting in a remaining net debt discount of $1,233 at December 31, 2013. | |||||||
On November 29, 2012, the Company entered into a securities purchase agreement providing for the sale of a 10% unsecured convertible note in the principal aggregate amount of up to $80,000, at which time an initial advance of $12,500 was received by the Company. The holder converted the principal amount of the note of $12,500, plus accrued interest of $625 on May 31, 2013, into 3,088,235 shares of common stock. The note was measured at fair value using the Black-Scholes pricing model, and the Company recognized a gain on conversion of $293. The Company recorded debt discount of $12,500 related to the conversion feature of the note, along with derivative liabilities at inception. As of December 31, 2013, the remaining debt discount was amortized, and recorded as interest expense in the amount of $12,500, resulting in a remaining net debt discount of $0 at December 31, 2013. | |||||||
On November 29, 2012, the Company entered into a securities purchase agreements providing for the sale of a 10% unsecured convertible note in the principal aggregate amount of up to $80,000, at which time an initial advance of $12,500 was received by the Company. The holder converted the principal amount of the note of $12,500, plus accrued interest of $959 on September 5, 2013, into 3,166,801 shares of common stock. The fair value of the note has been determined by using the Black-Scholes pricing model, and recognized a gain on conversion of $1,645. The Company recorded debt discount of $12,500 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized and recorded as interest expense in the amount of $12,500, resulting in a remaining net debt discount of $0 at December 31, 2013. | |||||||
On December 26, 2012, the Company exchanged certain demand promissory notes in the aggregate amount of $114,500 plus accrued interest of $4,084 for a convertible promissory note in the aggregate principal amount of $118,584, convertible into shares of common stock of the Company at a price equal to the lesser of (a) $0.0326 per share or (b) 50% of the lowest trade price of common stock recorded on any trade day after the effective date. The note matured on July 25, 2013, and was converted on February 13, 2014. The Company recorded the remaining debt discount from the previous promissory notes of $59,196 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $59,196, resulting in a remaining net debt discount of $0 at December 31, 2013 | |||||||
On February 19, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $15,000. The advance amounts are at the lenders discretion. The Company received additional advances for the sum of $85,000 for a total aggregate principal amount of $100,000 outstanding as of December 31, 2013. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.032 per share or fifty percent (50%) of the lowest trading price of the previous 25 trading days. The note matures six (6) months from the effective date of each advance with respect to each advance. On March 6, 2014, the note was converted in full. The Company recorded debt discount of $100,000 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $100,000, resulting in a remaining net debt discount of $0 at December 31, 2013. | |||||||
On March 1, 2013, the Company entered into a securities purchase agreement providing for the sale of a 5% convertible promissory note in the aggregate principal amount of $8,000, for consideration of $8,000. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.02 per share or the lowest closing price after the effective date. The note matures two (2) years from the effective date of the advance. The Company recorded debt discount of $7,626 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $3,186, resulting in a remaining net debt discount of $4,440 at December 31, 2013. | |||||||
On May 1, 2013, the Company entered into a securities purchase agreement providing for the sale of an 8% convertible promissory note in the aggregate principal amount of $32,500, for consideration of $32,500. The note was converted during the month of November 2013 and 3,946,634 shares of the Company’s common stock were issued upon conversion of $32,500 in principal, plus $1,300 in accrued interest. The fair value of the note has been determined by using the Black-Scholes pricing model, and the Company recognized a gain on conversion of $11,455.The Company recorded debt discount of $32,500 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $32,500, resulting in a remaining net debt discount of $0 at December 31, 2013. | |||||||
On May 30, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of $100,000. Upon execution of the note, the Company received an initial advance of $4,000. The advance amounts received are at the lender’s discretion. The Company received additional advances for the sum of $73,000 for a total aggregate principal amount of $77,000 as of December 31, 2013. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.13 per share or fifty percent (50%) of the lowest trading price after the effective date. The note matures six (6) months from the effective date of each advance with respect to each advance. The Company recorded debt discount of $77,000 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $64,528, resulting in a remaining net debt discount of $12,472 at December 31, 2013. | |||||||
On August 1, 2013, the Company entered into a securities purchase agreement providing for the sale of an 8% convertible promissory note in the aggregate principal amount of $42,500, for consideration of $42,500. The note is convertible into shares of common stock of the Company at a price equal to 58% times the average of the lowest three trading prices for the common stock during the ten days prior to the conversion. The note matures on April 29, 2014. The Company recorded debt discount of $42,500 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $23,837, resulting in a remaining net debt discount of $18,663 at December 31, 2013. | |||||||
On August 28, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $20,000. The advance amounts received are at the lender’s discretion. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. The note matures six (6) months from the effective date of each advance with respect to each advance. The Company recorded debt discount of $20,000 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $13,889, resulting in a remaining net debt discount of $6,111 at December 31, 2013. | |||||||
On August 30, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $20,000. The advance amounts received are at the lender’s discretion. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. The note matures six (6) months from the effective date of each advance with respect to each advance. The Company recorded debt discount of $20,000 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $13,667, resulting in a remaining net debt discount of $6,333 at December 31, 2013. | |||||||
On September 9, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $20,000. The advance amounts received are at the lender’s discretion. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. The note matures six (6) months from the effective date of each advance with respect to each advance. The Company recorded debt discount of $20,000 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $12,556, resulting in a remaining net debt discount of $7,444 at December 31, 2013. | |||||||
On September 19, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $20,000. The advance amounts received are at the lender’s discretion. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. The note matures six (6) months from the effective date of each advance with respect to each advance. The Company recorded debt discount of $20,000 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $11,444, resulting in a remaining net debt discount of $8,556 at December 31, 2013. | |||||||
On September 24, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $67,000. The advance amounts received are at the lender’s discretion. On November 21, 2013, the Company received an additional advance in the amount of $14,000 for an aggregate total of $81,000. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. The note matures six (6) months from the effective date of each advance with respect to each advance. The Company recorded debt discount of $81,000 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $42,856, resulting in a remaining net debt discount of $38,144 at December 31, 2013. | |||||||
On October 8, 2013, the Company entered into a securities purchase agreement providing for the sale of an 8% convertible promissory note in the aggregate principal amount of $32,500, for consideration of $32,500. The note is convertible into shares of common stock of the Company at a price equal to 58% times the average of the lowest three trading prices for the common stock during the ten day period ending on the latest complete trading day prior to the conversion. The note matures on July 10, 2014. The Company recorded debt discount of $32,500 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $9,251, resulting in a remaining net debt discount of $23,249 at December 31, 2013. | |||||||
On November 19, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $44,000. The advance amounts received are at the lender’s discretion. On December 19, 2013, the Company received an additional advance in the amount of $15,000 for an aggregate total of $59,000. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.013 per share, or fifty percent (50%) of the lowest trading price after the effective date. The note matures six (6) months from the effective date of each advance with respect to each advance. The Company recorded debt discount of $59,000 related to the conversion feature of the notes, along with derivative liabilities at inception. As of December 31, 2013, the debt discount was amortized, and recorded as interest expense in the amount of $10,778, resulting in a remaining net debt discount of $48,222 at December 31, 2013. | |||||||
ASC Topic 815 provides guidance applicable to convertible debt issued by the Company in instances where the number into which the debt can be converted is not fixed. For example, when a convertible debt converts at a discount to market based on the stock price on the date of conversion, ASC Topic 815 requires that the embedded conversion option of the convertible debt be bifurcated from the host contract and recorded at their fair value. In accounting for derivatives under accounting standards, the Company recorded a liability of $561,049 representing the estimated present value of the conversion feature considering the historic volatility of the Company’s stock, and a discount of $272,650 representing the imputed interest associated with the embedded derivative. The discount is amortized over the life of the convertible debt, which resulted in the recognition of $96,021 in interest expense for the year ended December 31, 2012, and the derivative liability is adjusted periodically according to stock price fluctuations. At the time of conversion, any remaining derivative liability will be charged to additional paid-in capital. | |||||||
For purpose of determining the fair market value of the derivative liability, the Company used Black Scholes option valuation model. The significant assumptions used in the Black Scholes valuation of the derivative are as follows: | |||||||
Stock price on the valuation dates | $ | 0.01 | - | $0.029 | |||
Conversion price for the debt | $ | 0.004 | - | $0.04 | |||
Years to Maturity | 6 months | - | 2 years | ||||
Risk free rate | 0.02% | - | 34 | % | |||
Expected volatility | 30.45% | - | 272.98 | % | |||
The value of the derivative liability at December 31, 2013 was $2,822,430. | |||||||
8_SUBSEQUENT_EVENTS
8. SUBSEQUENT EVENTS | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Subsequent Events [Abstract] | ' | ||||||||||||||||
Subsequent Events [Text Block] | ' | ||||||||||||||||
8. SUBSEQUENT EVENTS | |||||||||||||||||
Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, and has reported the following events; | |||||||||||||||||
On January 7, 2014, the Company issued 3,542,795 shares of common stock upon conversion of a convertible note in the amount of $32,000 in principal, plus accrued interest of $3,428 for a total conversion of $35,428. | |||||||||||||||||
On January 13, 2014, the Company received an additional $25,000 in consideration on a 10% convertible note. | |||||||||||||||||
On January 21, 2014, the Company issued 1,604,406 shares of common stock upon conversion of a convertible note in the amount of $25,000 in principal, plus accrued interest and original issue discount of $4,313 for a total conversion of $29,413. | |||||||||||||||||
On January 23, 2014, the Company issued 3,687,863 shares of common stock upon conversion of a convertible note in the amount of $33,000 in principal, plus accrued interest of $3,879 for a total conversion of $36,879. | |||||||||||||||||
On January 29, 2014, the Company entered into a Securities Purchase Agreement (the "Purchase Agreement") providing for the sale by the Company of an unsecured Convertible Note (“the Note”) in the principal amount of $100,000, of which the Company received $90,000 in consideration upon execution of the note. The Note matures nine (9) months from the effective date and may be extended by the lender for twelve (12) months from the effective date. The note may be converted into shares of the Company’s common stock at a conversion price of $0.05 per share or fifty percent (50%) of the lowest trading price of common stock recorded on any trade day after the effective date. The note bears interest at the rate of 10% per year. | |||||||||||||||||
On January 31, 2014, the Company entered into a Securities Purchase Agreement (the "Purchase Agreement") providing for the sale by the Company of an unsecured Convertible Note (“the Note”) in the principal amount of $750,000, of which the Company received $750,000 in consideration upon execution of the note. The Note matures in nine (9) months from the effective date, and may be extended by the lender for twelve (12) months from the effective date. The note may be converted into shares of the Company’s common stock at a conversion price of $0.05 per share or fifty percent (50%) of the lowest trading price of common stock recorded on any trade day after the effective date. The note bears interest at the rate of 10% per year. | |||||||||||||||||
On January 31, 2014, the Company entered into two (3) Securities Purchase Agreements (the "Purchase Agreement") providing for the sale by the Company of restricted Convertible Notes (“the Note”) in the principal amount of $1,750,00. The Notes mature nine (9) months from the effective date. The notes may be converted into shares of the Company’s common stock at a conversion price of $0.02 per share until March 30, 2015, and thereafter the conversion price shall be the greater of a) the initial conversion price or b) fifty percent (50%) of the average closing price of common stock for ten (10) consecutive trading days following the submission of a notice to convert in writing. The note bears interest at the rate of 4% per year. On February 23, 2014, a note was converted for 26,250,000 shares of common stock. | |||||||||||||||||
On February 3, 2014, the Company issued 301,205 shares of common stock upon partial conversion of a convertible note for principal in the amount of $15,000. | |||||||||||||||||
Between February 3, 2014 and March 6, 2014, the Company issued an aggregate total of 4,000,000 shares of common stock upon conversion of vested restricted stock options. | |||||||||||||||||
On February 5, 2014, the Company issued 335,570 shares of common stock upon conversion of a convertible note for principal in the amount of $20,000. | |||||||||||||||||
On February 11, 2014, the Company issued 185,111 shares of common stock upon conversion of a convertible note for principal in the amount of $7,500, plus interest of $1,700. | |||||||||||||||||
On February 11, 2014, the Company entered into a Securities Purchase Agreement (the "Purchase Agreement") providing for the sale by the Company of an unsecured Convertible Note (“the Note”) in the principal amount of $100,000, of which the Company received $20,000 in consideration upon execution of the note. On February 26, 2014 and March 13, 2014, the Company received additional advances of $20,000 and $30,000, respectively, for an aggregate sum of $60,000. The Note matures nine (9) months from the effective date. The note may be converted into shares of the Company’s common stock at a conversion price of $0.05 per share or fifty percent (50%) of the lowest trading price of common stock recorded on any trade day after the effective date. The note bears interest at the rate of 10% per year. | |||||||||||||||||
On February 13, 2014, the Company issued 227,979 shares of common stock through a cashless exercise for stock options given to a board of director for services. | |||||||||||||||||
On February 21, 2014, the Company issued 8,518,345 shares of common stock upon conversion of a convertible note in the amount of $118,584 in principal, plus accrued interest of $13,450 for an aggregate total converted of $132,034. | |||||||||||||||||
On February 26, 2014, the Company issued 1,615,384 shares of common stock upon conversion of a convertible note in the amount of $20,000 in principal, plus accrued interest of $1,000 for an aggregate total converted of $21,000. | |||||||||||||||||
On March 6, 2014, the Company issued 5,924,454 shares of common stock upon conversion of a convertible note in the amount of $84,000 in principal, plus accrued interest of $7,829 for an aggregate total converted of $91,829. | |||||||||||||||||
On March 13, 2014, the Company issued 2,968,937 shares of common stock upon conversion of a convertible note in the amount of $20,000 in principal, plus accrued interest of $1,079 for an aggregate total converted of $21,079. | |||||||||||||||||
On March 10, 2014, the Company issued 2,957,361 shares of common stock upon conversion of a convertible note in the amount of $20,000 in principal, plus accrued interest of $1,000. | |||||||||||||||||
Business Combination | |||||||||||||||||
During the month of January 2014, Solar3D, Inc. (SLTD) acquired 100% of the total issued and outstanding stock of Solar United Network, Inc. (SUN) in a transaction accounted for under ASC 805, for cash in the amount of $1,044,500, and convertible promissory notes for $1,750,000. SUN provides solar photovoltaic installation and consulting services to residential, commercial and agricultural properties. The acquisition is designed to enhance our services for solar technology. | |||||||||||||||||
SUN is now wholly-owned subsidiary of SLTD. | |||||||||||||||||
Under the purchase method of accounting, the transactions were valued for accounting purposes at $2,794,500, which was the fair value of the Company. The assets and liabilities of SUN were recorded at their respective fair values as of the date of acquisition. The following table summarizes these values. | |||||||||||||||||
Purchase Price Allocation | |||||||||||||||||
Year Ended | |||||||||||||||||
12/31/13 | |||||||||||||||||
Assets acquired | |||||||||||||||||
Current Assets | |||||||||||||||||
Cash | $ | 386,237 | |||||||||||||||
Contract Receivables | 1,058,312 | ||||||||||||||||
Costs and Estimated Earnings in Excess of Billings | 73,312 | ||||||||||||||||
Advances to Employees | 500 | ||||||||||||||||
Total Current Assets | 1,518,361 | ||||||||||||||||
Tangible Assets subject to depreciation | |||||||||||||||||
Machinery and Equipment, net of depreciation | 7,617 | ||||||||||||||||
Other Assets | |||||||||||||||||
Security Deposit | 5,000 | ||||||||||||||||
Loan to Shareholder | 47,426 | ||||||||||||||||
Goodwill | 2,318,283 | ||||||||||||||||
Total Other Assets | 2,370,709 | ||||||||||||||||
Total assets acquired | 3,896,687 | ||||||||||||||||
Liabilites assumed | |||||||||||||||||
Current liabilites | |||||||||||||||||
Accounts Payable | $ | 533,739 | |||||||||||||||
Billings in Excess of Costs and Estimated Earnings | 478,740 | ||||||||||||||||
Payroll Liabilities | 60,447 | ||||||||||||||||
Other Liabilities | 25,261 | ||||||||||||||||
Stockholders' Payable | 4,000 | ||||||||||||||||
Total liabilities acquired | 1,102,187 | ||||||||||||||||
Net assets acquired | $ | 2,794,500 | |||||||||||||||
The following is a condensed pro forma statement of operations for the year ended December 31, 2013 showing the combined results of operations of the Company including SUN as though the Company had acquired the common stock on January 1, 2013. | |||||||||||||||||
PRO FORMA CONSOLIDATED BALANCE SHEET | |||||||||||||||||
Pro Forma | |||||||||||||||||
Adjustments | Pro Forma | ||||||||||||||||
(Unaudited) | (Unaudited) | ||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
SLTD | SUN | ||||||||||||||||
Total Assets | $ | 47,179 | $ | 1,578,404 | $ | 2,318,283 | $ | 3,943,866 | |||||||||
Total Liabilities | $ | 3,494,568 | $ | 1,102,187 | $ | - | $ | 4,596,755 | |||||||||
Total Stockholders' Equity | $ | (3,447,389 | ) | $ | 476,217 | $ | 2,318,283 | $ | (652,889 | ) | |||||||
PRO FORMA CONSOLIDATED STATEMENT OF INCOME | |||||||||||||||||
Pro Forma | |||||||||||||||||
Adjustments | Pro Forma | ||||||||||||||||
(Unaudited) | (Unaudited) | ||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
SLTD | SUN | ||||||||||||||||
Sales | $ | - | $ | 8,552,975 | $ | - | $ | 8,552,975 | |||||||||
Net Income/(Loss) from continued operations | $ | (3,814,926 | ) | $ | 685,968 | $ | - | $ | (3,128,958 | ) | |||||||
Net loss per share | $ | 0.02 | $ | 0 | $ | 0 | $ | 0.02 | |||||||||
Pro Forma | |||||||||||||||||
Adjustments | Pro Forma | ||||||||||||||||
(Unaudited) | (Unaudited) | ||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||
SLTD | SUN | ||||||||||||||||
Sales | $ | - | $ | 4,112,042 | $ | - | $ | 4,112,042 | |||||||||
Net Income/(Loss) from continued operations | $ | (2,042,778 | ) | $ | 205,492 | $ | - | $ | (1,837,286 | ) | |||||||
Net loss per share | $ | 0.02 | $ | 0 | $ | 0 | $ | 0.01 | |||||||||
All transactions from January 31, 2014 through December 31, 2014 will be consolidated during the year ended December 31, 2014. | |||||||||||||||||
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Basis of Accounting, Policy [Policy Text Block] | ' | ||||||||||||||||
Development Stage Activities and Operations | |||||||||||||||||
The Company acquired Solar United Networks, Inc. an operating subsidiary. Planned operations have started. The Company will have significant revenues, thereby eliminating the development stage as of December 31, 2013. | |||||||||||||||||
Use of Estimates, Policy [Policy Text Block] | ' | ||||||||||||||||
Use of Estimates | |||||||||||||||||
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the accompanying financial statements. Significant estimates made in preparing these financial statements include the estimate of useful lives of property and equipment, the deferred tax valuation allowance, and the fair value of stock options. Actual results could differ from those estimates. | |||||||||||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ||||||||||||||||
Cash and Cash Equivalent | |||||||||||||||||
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. | |||||||||||||||||
Property, Plant and Equipment, Policy [Policy Text Block] | ' | ||||||||||||||||
Property and Equipment | |||||||||||||||||
Property and equipment are stated at cost, and are depreciated using the straight line method over its estimated useful lives: | |||||||||||||||||
Machinery & equipment | 5 Years | ||||||||||||||||
Furniture & fixtures | 5-7 Years | ||||||||||||||||
Computer equipment | 5 Years | ||||||||||||||||
Depreciation expense as of December 31, 2013 and 2012 was $1,874 and $1,610 respectively. | |||||||||||||||||
Revenue Recognition, Policy [Policy Text Block] | ' | ||||||||||||||||
Revenue Recognition | |||||||||||||||||
We recognize revenue upon delivery, provided that evidence of an arrangement exists, title, and risk of loss have passed to the customer, fees are fixed or determinable, and collection of the related receivable is reasonably assured. We record revenue net of estimated product returns, which is based upon our return policy, sales agreements, management estimates of potential future product returns related to current period revenue, current economic trends, changes in customer composition and historical experience. Generally, we extend credit to our customers and do not require collateral. We perform ongoing credit evaluations of our customers and historic credit losses have been within our expectations. We do not ship a product until we have a purchase agreement signed by the customer with a payment arrangement. This is a critical policy, because we want our accounting to show only sales which are “final” with a payment arrangement. We do not make consignment sales, nor inventory sales subject to a “buy back” or return arrangement from customers. Accordingly, original equipment manufacturers do not presently have a right to return unsold products to us. | |||||||||||||||||
Fair Value Measurement, Policy [Policy Text Block] | ' | ||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||
Disclosures about fair value of financial instruments, requires disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of December 31, 2013, the amounts reported for cash, accrued interest and other expenses, and notes payable approximate the fair value because of their short maturities. | |||||||||||||||||
We adopted ASC Topic 820 (originally issued as SFAS 157, “Fair Value Measurements”) for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements. | |||||||||||||||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: | |||||||||||||||||
· | Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; | ||||||||||||||||
· | Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and | ||||||||||||||||
· | Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | ||||||||||||||||
We measure certain financial instruments at fair value on a recurring basis. Assets and liabilities measured at fair value on a recurring basis are as follows at December 31, 2013: | |||||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Assets | $ | - | $ | - | $ | - | $ | - | |||||||||
Total assets measured at fair value | $ | - | $ | - | $ | - | $ | - | |||||||||
Liabilities | |||||||||||||||||
Derivative liability | 2,822,430 | - | - | 2,822,430 | |||||||||||||
Convertible promissory note | 515,397 | - | - | 515,397 | |||||||||||||
Total liabilities measured at fair value | $ | 3,337,827 | $ | - | $ | - | $ | 3,337,827 | |||||||||
Advertising Costs, Policy [Policy Text Block] | ' | ||||||||||||||||
Advertising | |||||||||||||||||
The Company expenses advertising costs as incurred. Advertising costs for the years ended December 31, 2013 and 2012 were $265 and $37,766, respectively. | |||||||||||||||||
Research and Development Expense, Policy [Policy Text Block] | ' | ||||||||||||||||
Research and Development Costs | |||||||||||||||||
Research and development costs are expensed as incurred. These costs consist primarily of consulting fees, salaries and direct payroll related costs. The costs for the years ended December 31, 2013 and 2012 were $108,565 and $157,742, respectively. | |||||||||||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | ||||||||||||||||
Stock-Based Compensation | |||||||||||||||||
Share based payments apply to transactions in which an entity exchanges its equity instruments for goods or services, and also applies to liabilities an entity may incur for goods or services that are to follow a fair value of those equity instruments. We will be required to follow a fair value approach using an option-pricing model, such as the Black-Scholes option valuation model, at the date of a stock option grant. The deferred compensation calculated under the fair value method would then be amortized over the respective vesting period of the stock option. The adoption of share based compensation has no material impact on our results of operations. | |||||||||||||||||
Earnings Per Share, Policy [Policy Text Block] | ' | ||||||||||||||||
Loss per Share Calculations | |||||||||||||||||
Loss per Share dictates the calculation of basic earnings per share and diluted earnings per share are computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. No shares for employee options or warrants were used in the calculation of the loss per share as they were all anti-dilutive. The Company’s diluted loss per share is the same as the basic loss per share for the years ended December 31, 2013 and 2012, as the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss. The Company has excluded 3,000,000 and 37,798,106 warrants for the years ended December 31, 2013 and 2012, respectively. | |||||||||||||||||
For the years ended | |||||||||||||||||
December 31, , | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Loss) to common shareholders (Numerator) | $ | (3,814,926 | ) | $ | (2,042,778 | ) | |||||||||||
Basic and diluted weighted average number of common shares outstanding (Denominator) | 168,603,843 | 128,117,443 | |||||||||||||||
Basic and diluted loss per common shares | $ | (0.02 | ) | $ | (0.02 | ) | |||||||||||
Income Tax, Policy [Policy Text Block] | ' | ||||||||||||||||
Income Taxes | |||||||||||||||||
The Company uses the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to financial statements carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. The measurement of deferred tax assets and liabilities is based on provisions of applicable tax law. The measurement of deferred tax assets is reduced, if necessary, by a valuation allowance based on the amount of tax benefits that, based on available evidence, is not expected to be realized. | |||||||||||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | ||||||||||||||||
Recently Issued Accounting Pronouncements | |||||||||||||||||
Management reviewed accounting pronouncements issued during the year ended December 31, 2013, and no pronouncements were adopted during the year. |
2_SUMMARY_OF_SIGNIFICANT_ACCOU1
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Property, Plant and Equipment [Table Text Block] | 'Property and equipment are stated at cost, and are depreciated using the straight line method over its estimated useful lives: | ||||||||||||||||
Machinery & equipment | 5 Years | ||||||||||||||||
Furniture & fixtures | 5-7 Years | ||||||||||||||||
Computer equipment | 5 Years | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | 'Assets and liabilities measured at fair value on a recurring basis are as follows at December 31, 2013: | ||||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Assets | $ | - | $ | - | $ | - | $ | - | |||||||||
Total assets measured at fair value | $ | - | $ | - | $ | - | $ | - | |||||||||
Liabilities | |||||||||||||||||
Derivative liability | 2,822,430 | - | - | 2,822,430 | |||||||||||||
Convertible promissory note | 515,397 | - | - | 515,397 | |||||||||||||
Total liabilities measured at fair value | $ | 3,337,827 | $ | - | $ | - | $ | 3,337,827 | |||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | ' | ||||||||||||||||
For the years ended | |||||||||||||||||
December 31, , | |||||||||||||||||
2013 | 2012 | ||||||||||||||||
(Loss) to common shareholders (Numerator) | $ | (3,814,926 | ) | $ | (2,042,778 | ) | |||||||||||
Basic and diluted weighted average number of common shares outstanding (Denominator) | 168,603,843 | 128,117,443 | |||||||||||||||
Basic and diluted loss per common shares | $ | (0.02 | ) | $ | (0.02 | ) |
4_DEFERRED_TAX_BENEFIT_Tables
4. DEFERRED TAX BENEFIT (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Deferred Tax Benefit Disclosure [Abstract] | ' | ||||||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 'The income tax provision differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income from continuing operations for the year ended December 31, 2013 and 2012 due to the following: | ||||||||
2013 | 2012 | ||||||||
Book Income | $ | (1,526,000 | ) | $ | (817,100 | ) | |||
Other | 600 | 400 | |||||||
Depreciation | (200 | ) | 600 | ||||||
Stock Compensation Expense | 154,200 | 225,800 | |||||||
Loss on Derivative | 827,600 | 169,600 | |||||||
Amortization of Debt Discount | 268,900 | 38,400 | |||||||
Stock for Services | - | 69,200 | |||||||
Gain/Loss on Settlement of Debt | (24,400 | ) | 12,300 | ||||||
Related Party Accrual | - | 17,200 | |||||||
R&D Credit | 4,000 | 5,400 | |||||||
Valuation Allowance | 295,300 | 278,200 | |||||||
Income tax expense | $ | - | $ | - | |||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 'Net deferred tax liabilities consist of the following components as of December 31, 2013 and 2012: | ||||||||
2013 | 2012 | ||||||||
Deferred tax assets: | |||||||||
NOL carryover | $ | 2,732,500 | $ | 2,437,400 | |||||
R&D | 163,600 | 153,700 | |||||||
Contributions | - | 400 | |||||||
Related party accruals | 17,200 | 17,200 | |||||||
Deferred tax liabilities: | |||||||||
Depreciation | (1,500 | ) | (1,300 | ) | |||||
Less valuation allowance | (2,911,800 | ) | (2,607,400 | ) | |||||
Net deferred tax asset | $ | - | $ | - |
6_STOCK_OPTIONS_AND_WARRANTS_T
6. STOCK OPTIONS AND WARRANTS (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||||||||||
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 'The Company determined the fair market value of these options by using the Black Scholes option valuation model with the following significant assumptions: | ||||||||||||||||
2013 | |||||||||||||||||
Risk free interest rate | 1.01% | - | 2.38% | ||||||||||||||
Stock volatility factor | 93.60% | - | 229% | ||||||||||||||
Weighted average expected option life | 7 years | ||||||||||||||||
Expected dividend yield | None | ||||||||||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | 'A summary of the Company’s stock option activity and related information follows: | ||||||||||||||||
12/31/13 | 12/31/12 | ||||||||||||||||
Weighted | Weighted | ||||||||||||||||
Number | average | Number | average | ||||||||||||||
of | exercise | of | exercise | ||||||||||||||
Options | price | Options | price | ||||||||||||||
Outstanding, beginning of period | 23,000,000 | $ | 0.04 | 15,000,000 | $ | 0.05 | |||||||||||
Granted | 2,000,000 | 0.02 | 8,000,000 | 0.01 | |||||||||||||
Exercised | - | - | - | - | |||||||||||||
Expired | - | - | - | - | |||||||||||||
Outstanding, end of period | 25,000,000 | $ | 0.04 | 23,000,000 | $ | 0.04 | |||||||||||
Exercisable at the end of period | 19,750,003 | $ | 0.04 | 13,944,445 | $ | 0.04 | |||||||||||
Weighted average fair value of options granted during the period | $ | 0.02 | $ | 0.03 | |||||||||||||
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | 'A summary of the Company’s warrant activity and related information follows: | ||||||||||||||||
12/31/13 | 12/31/12 | ||||||||||||||||
Weighted | Weighted | ||||||||||||||||
Number | average | Number | average | ||||||||||||||
of | exercise | of | exercise | ||||||||||||||
Warrants | price | Warrants | price | ||||||||||||||
Outstanding, beginning of period | 37,978,106 | $ | 0.04 | 14,353,340 | $ | 0.06 | |||||||||||
Granted | - | - | 29,078,098 | 0.023 | |||||||||||||
Exercised | (34,978,106 | ) | - | (5,333,332 | ) | 0.015 | |||||||||||
Expired | - | - | (120,000 | ) | 0.12 | ||||||||||||
Outstanding, end of period | 3,000,000 | $ | 0.04 | 37,978,106 | $ | 0.04 | |||||||||||
Exercisable at the end of period | 3,000,000 | $ | 0.075 | 37,978,106 | $ | 0.04 | |||||||||||
Weighted average fair value of options granted during the period | $ | 0 | $ | 0 | |||||||||||||
Schedule of Warrants or Rights Remaining Contractural Life | 'At December 31, 2013, the weighted average remaining contractual life of warrants outstanding: | ||||||||||||||||
Weighted | |||||||||||||||||
Average | |||||||||||||||||
Remaining | |||||||||||||||||
Exercisable | Warrants | Warrants | Contractual | ||||||||||||||
Prices | Outstanding | Exercisable | Life (years) | ||||||||||||||
$ | 0.075 | 1,000,000 | 1,000,000 | 2.47 | |||||||||||||
$ | 0.015 | 2,000,000 | 2,000,000 | 3.72 | |||||||||||||
3,000,000 | 3,000,000 |
7_CONVERTIBLE_PROMISSORY_NOTES1
7. CONVERTIBLE PROMISSORY NOTES (Tables) | 12 Months Ended | ||||||
Dec. 31, 2013 | |||||||
Debt Disclosure [Abstract] | ' | ||||||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | 'The significant assumptions used in the Black Scholes valuation of the derivative are as follows: | ||||||
Stock price on the valuation dates | $ | 0.01 | - | $0.029 | |||
Conversion price for the debt | $ | 0.004 | - | $0.04 | |||
Years to Maturity | 6 months | - | 2 years | ||||
Risk free rate | 0.02% | - | 34 | % | |||
Expected volatility | 30.45% | - | 272.98 | % |
8_SUBSEQUENT_EVENTS_Tables
8. SUBSEQUENT EVENTS (Tables) (Solar United Network, Inc. [Member]) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
8. SUBSEQUENT EVENTS (Tables) [Line Items] | ' | ||||||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 'Under the purchase method of accounting, the transactions were valued for accounting purposes at $2,794,500, which was the fair value of the Company. The assets and liabilities of SUN were recorded at their respective fair values as of the date of acquisition. The following table summarizes these values. | ||||||||||||||||
Purchase Price Allocation | |||||||||||||||||
Year Ended | |||||||||||||||||
12/31/13 | |||||||||||||||||
Assets acquired | |||||||||||||||||
Current Assets | |||||||||||||||||
Cash | $ | 386,237 | |||||||||||||||
Contract Receivables | 1,058,312 | ||||||||||||||||
Costs and Estimated Earnings in Excess of Billings | 73,312 | ||||||||||||||||
Advances to Employees | 500 | ||||||||||||||||
Total Current Assets | 1,518,361 | ||||||||||||||||
Tangible Assets subject to depreciation | |||||||||||||||||
Machinery and Equipment, net of depreciation | 7,617 | ||||||||||||||||
Other Assets | |||||||||||||||||
Security Deposit | 5,000 | ||||||||||||||||
Loan to Shareholder | 47,426 | ||||||||||||||||
Goodwill | 2,318,283 | ||||||||||||||||
Total Other Assets | 2,370,709 | ||||||||||||||||
Total assets acquired | 3,896,687 | ||||||||||||||||
Liabilites assumed | |||||||||||||||||
Current liabilites | |||||||||||||||||
Accounts Payable | $ | 533,739 | |||||||||||||||
Billings in Excess of Costs and Estimated Earnings | 478,740 | ||||||||||||||||
Payroll Liabilities | 60,447 | ||||||||||||||||
Other Liabilities | 25,261 | ||||||||||||||||
Stockholders' Payable | 4,000 | ||||||||||||||||
Total liabilities acquired | 1,102,187 | ||||||||||||||||
Net assets acquired | $ | 2,794,500 | |||||||||||||||
Pro Forma Balance Sheet [Member] | ' | ||||||||||||||||
8. SUBSEQUENT EVENTS (Tables) [Line Items] | ' | ||||||||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | 'PRO FORMA CONSOLIDATED BALANCE SHEET | ||||||||||||||||
Pro Forma | |||||||||||||||||
Adjustments | Pro Forma | ||||||||||||||||
(Unaudited) | (Unaudited) | ||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
SLTD | SUN | ||||||||||||||||
Total Assets | $ | 47,179 | $ | 1,578,404 | $ | 2,318,283 | $ | 3,943,866 | |||||||||
Total Liabilities | $ | 3,494,568 | $ | 1,102,187 | $ | - | $ | 4,596,755 | |||||||||
Total Stockholders' Equity | $ | (3,447,389 | ) | $ | 476,217 | $ | 2,318,283 | $ | (652,889 | ) | |||||||
Pro Forma Income Statement [Member] | ' | ||||||||||||||||
8. SUBSEQUENT EVENTS (Tables) [Line Items] | ' | ||||||||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | 'PRO FORMA CONSOLIDATED STATEMENT OF INCOME | ||||||||||||||||
Pro Forma | |||||||||||||||||
Adjustments | Pro Forma | ||||||||||||||||
(Unaudited) | (Unaudited) | ||||||||||||||||
Year Ended December 31, 2013 | |||||||||||||||||
SLTD | SUN | ||||||||||||||||
Sales | $ | - | $ | 8,552,975 | $ | - | $ | 8,552,975 | |||||||||
Net Income/(Loss) from continued operations | $ | (3,814,926 | ) | $ | 685,968 | $ | - | $ | (3,128,958 | ) | |||||||
Net loss per share | $ | 0.02 | $ | 0 | $ | 0 | $ | 0.02 | |||||||||
Pro Forma | |||||||||||||||||
Adjustments | Pro Forma | ||||||||||||||||
(Unaudited) | (Unaudited) | ||||||||||||||||
Year Ended December 31, 2012 | |||||||||||||||||
SLTD | SUN | ||||||||||||||||
Sales | $ | - | $ | 4,112,042 | $ | - | $ | 4,112,042 | |||||||||
Net Income/(Loss) from continued operations | $ | (2,042,778 | ) | $ | 205,492 | $ | - | $ | (1,837,286 | ) | |||||||
Net loss per share | $ | 0.02 | $ | 0 | $ | 0 | $ | 0.01 |
SUPPLEMENTAL_DISCLOSURES_OF_NO1
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, Exercise of Warrants | 24,029,663 | ' |
Principal [Member] | Supplemental Disclosure of Non-Cash Transactions [Member] | ' | ' |
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount (in Dollars) | $307,083 | ' |
Interest [Member] | Supplemental Disclosure of Non-Cash Transactions [Member] | ' | ' |
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount (in Dollars) | 16,488 | ' |
Supplemental Disclosure of Non-Cash Transactions [Member] | ' | ' |
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, Exercise of Warrants | 24,029,663 | 3,515,152 |
Class of Warrant or Rights, Exercised | 36,978,106 | 5,333,332 |
Debt Conversion, Converted Instrument, Shares Issued | 42,382,705 | ' |
Gains (Losses) on Restructuring of Debt (in Dollars) | $60,908 | ' |
2_SUMMARY_OF_SIGNIFICANT_ACCOU2
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] | ' | ' |
Depreciation | $1,874 | $1,610 |
Advertising Expense | 265 | 37,766 |
Research and Development Expense | $108,565 | $157,742 |
Warrant [Member] | ' | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) | 3,000,000 | 37,798,106 |
2_SUMMARY_OF_SIGNIFICANT_ACCOU3
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2013 | |
Machinery and Equipment [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Property and Equipment, Estimated Useful Life | '5 Years |
Furniture and Fixtures [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Property and Equipment, Estimated Useful Life | '5-7 Years |
Computer Equipment [Member] | ' |
Property, Plant and Equipment [Line Items] | ' |
Property and Equipment, Estimated Useful Life | '5 Years |
2_SUMMARY_OF_SIGNIFICANT_ACCOU4
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, by Balance Sheet Grouping (USD $) | Dec. 31, 2013 |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, by Balance Sheet Grouping [Line Items] | ' |
Assets | $0 |
Total assets measured at fair value | 0 |
Liabilities | ' |
Derivative liability | 2,822,430 |
Convertible promissory note | 515,397 |
Total liabilities measured at fair value | 3,337,827 |
Fair Value, Inputs, Level 1 [Member] | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, by Balance Sheet Grouping [Line Items] | ' |
Assets | 0 |
Total assets measured at fair value | 0 |
Liabilities | ' |
Derivative liability | 0 |
Convertible promissory note | 0 |
Total liabilities measured at fair value | 0 |
Fair Value, Inputs, Level 2 [Member] | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, by Balance Sheet Grouping [Line Items] | ' |
Assets | 0 |
Total assets measured at fair value | 0 |
Liabilities | ' |
Derivative liability | 0 |
Convertible promissory note | 0 |
Total liabilities measured at fair value | 0 |
Fair Value, Inputs, Level 3 [Member] | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, by Balance Sheet Grouping [Line Items] | ' |
Assets | 0 |
Total assets measured at fair value | 0 |
Liabilities | ' |
Derivative liability | 2,822,430 |
Convertible promissory note | 515,397 |
Total liabilities measured at fair value | $3,337,827 |
2_SUMMARY_OF_SIGNIFICANT_ACCOU5
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Earnings Per Share, Basic and Diluted (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Schedule of Earnings Per Share, Basic and Diluted [Abstract] | ' | ' |
(Loss) to common shareholders (Numerator) | ($3,814,926) | ($2,042,778) |
Basic and diluted weighted average number of common shares outstanding (Denominator) | 168,603,843 | 128,117,443 |
Basic and diluted loss per common shares | ($0.02) | ($0.02) |
4_DEFERRED_TAX_BENEFIT_Details
4. DEFERRED TAX BENEFIT (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Deferred Tax Benefit Disclosure [Abstract] | ' | ' |
Operating Loss Carryforwards | $6,831,200 | ' |
Operating Loss Carryforwards, Expiration Date | 31-Dec-34 | ' |
Income Tax Expense (Benefit) | $0 | $0 |
4_DEFERRED_TAX_BENEFIT_Details1
4. DEFERRED TAX BENEFIT (Details) - Schedule of Effective Income Tax Rate Reconciliation (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Schedule of Effective Income Tax Rate Reconciliation [Abstract] | ' | ' |
Book Income | ($1,526,000) | ($817,100) |
Other | 600 | 400 |
Depreciation | -200 | 600 |
Stock Compensation Expense | 154,200 | 225,800 |
Loss on Derivative | 827,600 | 169,600 |
Amortization of Debt Discount | 268,900 | 38,400 |
Stock for Services | 0 | 69,200 |
Gain/Loss on Settlement of Debt | -24,400 | 12,300 |
Related Party Accrual | 0 | 17,200 |
R&D Credit | 4,000 | 5,400 |
Valuation Allowance | 295,300 | 278,200 |
Income tax expense | $0 | $0 |
4_DEFERRED_TAX_BENEFIT_Details2
4. DEFERRED TAX BENEFIT (Details) - Schedule of Deferred Tax Assets and Liabilities (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Deferred tax assets: | ' | ' |
NOL carryover | $2,732,500 | $2,437,400 |
R&D | 163,600 | 153,700 |
Contributions | 0 | 400 |
Related party accruals | 17,200 | 17,200 |
Deferred tax liabilities: | ' | ' |
Depreciation | -1,500 | -1,300 |
Less valuation allowance | -2,911,800 | -2,607,400 |
Net deferred tax asset | $0 | $0 |
5_CAPITAL_STOCK_Details
5. CAPITAL STOCK (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Common Stock, Shares Authorized | 1,000,000,000 | 500,000,000 |
Common Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Preferred Stock, Par or Stated Value Per Share (in Dollars per share) | $0.00 | $0.00 |
Proceeds from Issuance of Common Stock (in Dollars) | $42,500 | $350,500 |
Stock Issued During Period, Shares, Exercise of Warrants | 24,029,663 | ' |
Stock Issued During Period, Shares, Price Adjustment | 2,597,479 | ' |
Stock Issued During Period, Value, Issued for Services (in Dollars) | ' | 172,935 |
Principal [Member] | Stock Issued for Conversion of Promissory Note [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount (in Dollars) | 307,083 | ' |
Interest [Member] | Stock Issued for Conversion of Promissory Note [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount (in Dollars) | 16,488 | ' |
Stock Issued for Cash [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, New Issues | 3,125,000 | ' |
Proceeds from Issuance of Common Stock (in Dollars) | 42,500 | ' |
Stock Issued for Cash [Member] | Minimum [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Sale of Stock, Price Per Share (in Dollars per share) | $0.01 | ' |
Stock Issued for Cash [Member] | Maximum [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Sale of Stock, Price Per Share (in Dollars per share) | $0.02 | ' |
Stock Issued for Conversion of Promissory Note [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Debt Conversion, Converted Instrument, Shares Issued | 42,382,795 | ' |
Gains (Losses) on Restructuring of Debt (in Dollars) | 60,908 | ' |
Stock Issued for Conversion of Promissory Note [Member] | Minimum [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Shares Issued, Price Per Share (in Dollars per share) | $0.00 | ' |
Stock Issued for Conversion of Promissory Note [Member] | Maximum [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Shares Issued, Price Per Share (in Dollars per share) | $0.04 | ' |
Stock Issued for Exercise of Warrants [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Class of Warrant or Rights, Exercised | 34,978,106 | ' |
Stock Issued During Period, Shares, Exercise of Warrants | 24,029,663 | ' |
Common stock issued for cash at $0.015 [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, New Issues | ' | 5,533,334 |
Sale of Stock, Price Per Share (in Dollars per share) | ' | $0.02 |
Class of Warrant or Rights, Granted | ' | 10,666,666 |
Proceeds from Issuance or Sale of Equity (in Dollars) | ' | 83,000 |
Common stock issued for cash at $0.020 [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, New Issues | ' | 2,825,000 |
Sale of Stock, Price Per Share (in Dollars per share) | ' | $0.02 |
Proceeds from Issuance of Common Stock (in Dollars) | ' | 56,500 |
Common stock issued for cash at $0.025 [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, New Issues | ' | 3,180,000 |
Sale of Stock, Price Per Share (in Dollars per share) | ' | $0.03 |
Class of Warrant or Rights, Granted | ' | 6,360,000 |
Proceeds from Issuance or Sale of Equity (in Dollars) | ' | 79,500 |
Common stock issued for cash at $0.025 #2 [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, New Issues | ' | 2,150,000 |
Sale of Stock, Price Per Share (in Dollars per share) | ' | $0.03 |
Proceeds from Issuance of Common Stock (in Dollars) | ' | 53,750 |
Stock Issued for Services [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Gains (Losses) on Restructuring of Debt (in Dollars) | ' | 30,750 |
Stock Issued During Period, Shares, Issued for Services | ' | 3,479,630 |
Stock Issued During Period, Value, Issued for Services (in Dollars) | ' | 172,935 |
Common stock issued for cash at $0.03 [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, New Issues | ' | 300,000 |
Sale of Stock, Price Per Share (in Dollars per share) | ' | $0.03 |
Proceeds from Issuance of Common Stock (in Dollars) | ' | 9,000 |
Common stock issued for cash at $0.035 [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, New Issues | ' | 428,572 |
Sale of Stock, Price Per Share (in Dollars per share) | ' | $0.04 |
Class of Warrant or Rights, Granted | ' | 857,144 |
Proceeds from Issuance or Sale of Equity (in Dollars) | ' | 15,000 |
Common stock issued for cash at $0.05 [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, New Issues | ' | 25,000 |
Sale of Stock, Price Per Share (in Dollars per share) | ' | $0.05 |
Proceeds from Issuance of Common Stock (in Dollars) | ' | 1,250 |
Common stock issued for cash at $0.05 #2 [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, New Issues | ' | 800,000 |
Sale of Stock, Price Per Share (in Dollars per share) | ' | $0.05 |
Class of Warrant or Rights, Granted | ' | 1,600,000 |
Proceeds from Issuance or Sale of Equity (in Dollars) | ' | 40,000 |
Common stock issued for subscription payable at $0.05 [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Shares Issued, Price Per Share (in Dollars per share) | ' | $0.05 |
Stock Issued During Period, Shares, Other | ' | 135,000 |
Stock Issued During Period, Value, Other (in Dollars) | ' | 6,750 |
Common stock issued for subscription payable at $0.025 [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Shares Issued, Price Per Share (in Dollars per share) | ' | $0.03 |
Stock Issued During Period, Shares, Other | ' | 500,000 |
Stock Issued During Period, Value, Other (in Dollars) | ' | 12,500 |
Common stock issued for accounts payable [Member] | ' | ' |
5. CAPITAL STOCK (Details) [Line Items] | ' | ' |
Stock Issued During Period, Shares, Other | ' | 750,000 |
Stock Issued During Period, Value, Other (in Dollars) | ' | $30,000 |
6_STOCK_OPTIONS_AND_WARRANTS_D
6. STOCK OPTIONS AND WARRANTS (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
6. STOCK OPTIONS AND WARRANTS (Details) [Line Items] | ' | ' |
Share-based Compensation (in Dollars) | $385,408 | $564,586 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 37,978,106 | ' |
Stock Issued During Period, Shares, Exercise of Warrants | 24,029,663 | ' |
Employees, Directors and Consultants [Member] | ' | ' |
6. STOCK OPTIONS AND WARRANTS (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 23,000,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights | 'The stock options vest at various times | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award | 'period of seven years from the date of grant at exercise prices ranging from $0.01 to $0.05 per share, the market value of the Company's common stock on the date of grant | ' |
Employees, Directors and Consultants [Member] | Minimum [Member] | ' | ' |
6. STOCK OPTIONS AND WARRANTS (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercise Price of Options (in Dollars per share) | $0.01 | ' |
Employees, Directors and Consultants [Member] | Maximum [Member] | ' | ' |
6. STOCK OPTIONS AND WARRANTS (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercise Price of Options (in Dollars per share) | $0.05 | ' |
6_STOCK_OPTIONS_AND_WARRANTS_D1
6. STOCK OPTIONS AND WARRANTS (Details) - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | 12 Months Ended |
Dec. 31, 2013 | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Abstract] | ' |
Risk free interest rate | 1.01% |
Risk free interest rate | 2.38% |
Stock volatility factor | 93.60% |
Stock volatility factor | 229.00% |
Weighted average expected option life | '7 years |
Expected dividend yield | 0.00% |
6_STOCK_OPTIONS_AND_WARRANTS_D2
6. STOCK OPTIONS AND WARRANTS (Details) - Schedule of Share-based Compensation, Stock Options, Activity (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
6. STOCK OPTIONS AND WARRANTS (Details) - Schedule of Share-based Compensation, Stock Options, Activity [Line Items] | ' | ' |
Outstanding, end of period (in Shares) | 37,978,106 | ' |
Number of Options [Member] | ' | ' |
6. STOCK OPTIONS AND WARRANTS (Details) - Schedule of Share-based Compensation, Stock Options, Activity [Line Items] | ' | ' |
Outstanding, beginning of period (in Shares) | 23,000,000 | 15,000,000 |
Granted (in Shares) | 2,000,000 | 8,000,000 |
Exercised (in Shares) | 0 | 0 |
Expired (in Shares) | 0 | 0 |
Outstanding, end of period (in Shares) | 25,000,000 | 23,000,000 |
Exercisable at the end of period (in Shares) | 19,750,003 | 13,944,445 |
Weighted Average Exercise Price [Member] | ' | ' |
6. STOCK OPTIONS AND WARRANTS (Details) - Schedule of Share-based Compensation, Stock Options, Activity [Line Items] | ' | ' |
Outstanding, beginning of period | 0.04 | 0.05 |
Granted | 0.02 | 0.01 |
Exercised | 0 | 0 |
Expired | 0 | 0 |
Outstanding, end of period | 0.04 | 0.04 |
Exercisable at the end of period | 0.04 | 0.04 |
Weighted average fair value of options granted during the period | 0.02 | 0.03 |
6_STOCK_OPTIONS_AND_WARRANTS_D3
6. STOCK OPTIONS AND WARRANTS (Details) - Schedule of Stockholders' Equity Note, Warrants or Rights (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Class of Warrant or Right [Line Items] | ' | ' |
Outstanding, end of period (in Shares) | 3,000,000 | ' |
Exercisable at the end of period (in Shares) | 3,000,000 | ' |
Number of Warrants [Member] | ' | ' |
Class of Warrant or Right [Line Items] | ' | ' |
Outstanding, beginning of period (in Shares) | 37,978,106 | 14,353,340 |
Granted (in Shares) | 0 | 29,078,098 |
Exercised (in Shares) | -34,978,106 | -5,333,332 |
Expired (in Shares) | 0 | -120,000 |
Outstanding, end of period (in Shares) | 3,000,000 | 37,978,106 |
Exercisable at the end of period (in Shares) | 3,000,000 | 37,978,106 |
Weighted Average Exercise Price [Member] | ' | ' |
Class of Warrant or Right [Line Items] | ' | ' |
Outstanding, beginning of period | 0.04 | 0.06 |
Granted | 0 | 0.023 |
Exercised | 0 | 0.015 |
Expired | 0 | 0.12 |
Outstanding, end of period | 0.04 | 0.04 |
Exercisable at the end of period | 0.075 | 0.04 |
Weighted average fair value of options granted during the period | 0 | 0 |
6_STOCK_OPTIONS_AND_WARRANTS_D4
6. STOCK OPTIONS AND WARRANTS (Details) - Schedule of Warrants or Rights Remaining Contractural Life | Dec. 31, 2013 |
6. STOCK OPTIONS AND WARRANTS (Details) - Schedule of Warrants or Rights Remaining Contractural Life [Line Items] | ' |
Warrants Outstanding | 3,000,000 |
Warrants Exercisable | 3,000,000 |
Warrants Exercisable at $0.075 [Member] | ' |
6. STOCK OPTIONS AND WARRANTS (Details) - Schedule of Warrants or Rights Remaining Contractural Life [Line Items] | ' |
Exercisable Prices (in Dollars per Item) | 0.075 |
Warrants Outstanding | 1,000,000 |
Warrants Exercisable | 1,000,000 |
Weighted Average Remaining Contractual Life | '2 years 171 days |
Warrants exercisable at $0.015 [Member] | ' |
6. STOCK OPTIONS AND WARRANTS (Details) - Schedule of Warrants or Rights Remaining Contractural Life [Line Items] | ' |
Exercisable Prices (in Dollars per Item) | 0.015 |
Warrants Outstanding | 2,000,000 |
Warrants Exercisable | 2,000,000 |
Weighted Average Remaining Contractual Life | '3 years 262 days |
7_CONVERTIBLE_PROMISSORY_NOTES2
7. CONVERTIBLE PROMISSORY NOTES (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Gains (Losses) on Extinguishment of Debt | $60,908 | ($30,750) |
Amortization of Debt Discount (Premium) | 672,155 | 96,021 |
Debt Instrument, Unamortized Discount | 272,650 | ' |
Proceeds from Convertible Debt | 652,500 | 359,417 |
Convertible Notes Payable, Current | 515,397 | 123,400 |
Embedded Derivative, Fair Value of Embedded Derivative Liability | 561,049 | ' |
Derivative Liability, Current | 2,822,430 | 696,564 |
Original Issue Discount [Member] | Convertible Promissory Note on October 24, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Unamortized Discount | 8,625 | ' |
Principal [Member] | Convertible Note on September 19, 2012 and November 23, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 75,000 | ' |
Principal [Member] | Convertible Note on November 13, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 35,000 | ' |
Principal [Member] | Convertible Promissory Note on October 24, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 125,000 | ' |
Principal [Member] | Convertible Note on November 29, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 12,500 | ' |
Principal [Member] | Convertible Note #2 on November 29, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 12,500 | ' |
Principal [Member] | Convertible Note on May 1, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 32,500 | ' |
Interest [Member] | Convertible Note on September 19, 2012 and November 23, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 3,000 | ' |
Interest [Member] | Convertible Note on November 13, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 3,625 | ' |
Interest [Member] | Convertible Note on November 29, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 625 | ' |
Interest [Member] | Convertible Note #2 on November 29, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 959 | ' |
Interest [Member] | Convertible Note on May 1, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 1,300 | ' |
Original Issue Discount [Member] | Convertible Promissory Note on October 24, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Conversion, Original Debt, Amount | 21,563 | ' |
Initial Advance [Member] | Convertible Note on November 13, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Proceeds from Convertible Debt | 20,000 | ' |
Initial Advance [Member] | Convertible Promissory Note on October 24, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Original Issue Discount | 5,833 | ' |
Proceeds from Convertible Debt | 50,000 | ' |
Initial Advance [Member] | Convertible Note on February 19, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Unamortized Discount | 100,000 | ' |
Proceeds from Convertible Debt | 15,000 | ' |
Initial Advance [Member] | Convertible Notes on May 30, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Proceeds from Convertible Debt | 4,000 | ' |
Initial Advance [Member] | Convertible Note on September 24, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Proceeds from Convertible Debt | 67,000 | ' |
Initial Advance [Member] | Convertible Note on November 19, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Proceeds from Convertible Debt | 44,000 | ' |
Additional Advance [Member] | Convertible Note on November 13, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Proceeds from Convertible Debt | 80,000 | ' |
Additional Advance [Member] | Convertible Promissory Note on October 24, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Original Issue Discount | 14,584 | ' |
Proceeds from Convertible Debt | 125,000 | ' |
Additional Advance [Member] | Convertible Notes on May 30, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Proceeds from Convertible Debt | 73,000 | ' |
Additional Advance [Member] | Convertible Note on September 24, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Proceeds from Convertible Debt | 14,000 | ' |
Additional Advance [Member] | Convertible Note on November 19, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Proceeds from Convertible Debt | 15,000 | ' |
Principal [Member] | Convertible Note on December 26, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Face Amount | 114,500 | ' |
Interest [Member] | Convertible Note on December 26, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Face Amount | 4,084 | ' |
Advances After Execution of the Note [Member] | Convertible Note on February 19, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Proceeds from Convertible Debt | 85,000 | ' |
Convertible Note on September 19, 2012 and November 23, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Number of Securities Purchasae Agreements | 2 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ' |
Debt Instrument, Face Amount | 75,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'After one hundred and eighty days (180) the holder converted both notes for an aggregate principal sum of $75,000, plus accrued interest of $3,000 on various dates during the year ended December 31, 2013, into 9,875,627 shares of common stock. | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 9,875,627 | ' |
Gains (Losses) on Extinguishment of Debt | 2,490 | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 62,446 | ' |
Amortization of Debt Discount (Premium) | 43,835 | ' |
Debt Instrument, Unamortized Discount | 0 | ' |
Convertible Note on September 19, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Face Amount | 42,500 | ' |
Debt Instrument, Maturity Date | 21-Jun-13 | ' |
Convertible Note on November 23, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Face Amount | 32,500 | ' |
Convertible Note on November 13, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 100,000 | ' |
Debt Instrument, Maturity Date | 15-Aug-13 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.01 per share or fifty percent (50%) of the lowest trading price in the previous 25 trading days. | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 5,115,849 | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 100,000 | ' |
Amortization of Debt Discount (Premium) | 98,767 | ' |
Debt Instrument, Unamortized Discount | 1,233 | ' |
Proceeds from Convertible Debt | 100,000 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures one (1) year from the effective date of each advance with respect to each advance. | ' |
Gains (Losses) on Restructuring of Debt | 368 | ' |
Convertible Promissory Note on October 24, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 335,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of the lesser of $0.035 per share or seventy percent (70%) of the lowest trading price of the previous 25 trading days prior to conversion. | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 17,189,559 | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 138,845 | ' |
Amortization of Debt Discount (Premium) | 110,304 | ' |
Debt Instrument, Unamortized Discount | 28,541 | ' |
Debt Instrument, Original Issue Discount | 35,000 | ' |
Proceeds from Convertible Debt | 175,000 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures one (1) year from the effective date of each advance. | ' |
Debt Instrument, Interest Rate Terms | 'If the advances are repaid within 90 days, the interest rate will be zero percent (0%), otherwise a one time interest rate of five percent (5%) will be applied to the principal sums outstanding. | ' |
Gains (Losses) on Restructuring of Debt | 44,657 | ' |
Convertible Notes Payable, Current | 50,000 | ' |
Convertible Notes Payable, Current, Gross | 58,625 | ' |
Convertible Note on November 29, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 80,000 | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 3,088,235 | ' |
Gains (Losses) on Extinguishment of Debt | 293 | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 12,500 | ' |
Amortization of Debt Discount (Premium) | 12,500 | ' |
Debt Instrument, Unamortized Discount | 0 | ' |
Proceeds from Convertible Debt | 12,500 | ' |
Convertible Note #2 on November 29, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 80,000 | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 3,166,801 | ' |
Gains (Losses) on Extinguishment of Debt | 1,645 | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 12,500 | ' |
Amortization of Debt Discount (Premium) | 12,500 | ' |
Debt Instrument, Unamortized Discount | 0 | ' |
Proceeds from Convertible Debt | 12,500 | ' |
Convertible Note on December 26, 2012 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Face Amount | 118,584 | ' |
Debt Instrument, Maturity Date | 25-Jul-13 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'convertible into shares of common stock of the Company at a price equal to the lesser of (a) $0.0326 per share or (b) 50% of the lowest trade price of common stock recorded on any trade day after the effective date. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 59,196 | ' |
Amortization of Debt Discount (Premium) | 59,196 | ' |
Debt Instrument, Unamortized Discount | 0 | ' |
Convertible Note on February 19, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 100,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.032 per share or fifty percent (50%) of the lowest trading price of the previous 25 trading days. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 100,000 | ' |
Amortization of Debt Discount (Premium) | 100,000 | ' |
Debt Instrument, Unamortized Discount | 0 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | ' |
Convertible Note on March 1, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | ' |
Debt Instrument, Face Amount | 8,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.02 per share or the lowest closing price after the effective date. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 7,626 | ' |
Amortization of Debt Discount (Premium) | 3,186 | ' |
Debt Instrument, Unamortized Discount | 4,440 | ' |
Proceeds from Convertible Debt | 8,000 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures two (2) years from the effective date of the advance. | ' |
Convertible Note on May 1, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ' |
Debt Instrument, Face Amount | 32,500 | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 3,946,634 | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 32,500 | ' |
Amortization of Debt Discount (Premium) | 32,500 | ' |
Debt Instrument, Unamortized Discount | 0 | ' |
Proceeds from Convertible Debt | 32,500 | ' |
Gains (Losses) on Restructuring of Debt | 11,455 | ' |
Convertible Notes on May 30, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 100,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.13 per share or fifty percent (50%) of the lowest trading price after the effective date. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 77,000 | ' |
Amortization of Debt Discount (Premium) | 64,528 | ' |
Debt Instrument, Unamortized Discount | 12,472 | ' |
Proceeds from Convertible Debt | 77,000 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | ' |
Convertible Note on August 1, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ' |
Debt Instrument, Face Amount | 42,500 | ' |
Debt Instrument, Maturity Date | 29-Apr-14 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to 58% times the average of the lowest three trading prices for the common stock during the ten days prior to the conversion. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 42,500 | ' |
Amortization of Debt Discount (Premium) | 23,837 | ' |
Debt Instrument, Unamortized Discount | 18,663 | ' |
Proceeds from Convertible Debt | 42,500 | ' |
Convertible Note on August 28, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 100,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 20,000 | ' |
Amortization of Debt Discount (Premium) | 13,889 | ' |
Debt Instrument, Unamortized Discount | 6,111 | ' |
Proceeds from Convertible Debt | 20,000 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | ' |
Convertible Note on August 30, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 100,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 20,000 | ' |
Amortization of Debt Discount (Premium) | 13,667 | ' |
Debt Instrument, Unamortized Discount | 6,333 | ' |
Proceeds from Convertible Debt | 20,000 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | ' |
Convertible Note on September 9, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 100,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 20,000 | ' |
Amortization of Debt Discount (Premium) | 12,556 | ' |
Debt Instrument, Unamortized Discount | 7,444 | ' |
Proceeds from Convertible Debt | 20,000 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | ' |
Convertible Note on September 19, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 100,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 20,000 | ' |
Amortization of Debt Discount (Premium) | 11,444 | ' |
Debt Instrument, Unamortized Discount | 8,556 | ' |
Proceeds from Convertible Debt | 20,000 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | ' |
Convertible Note on September 24, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 100,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 81,000 | ' |
Amortization of Debt Discount (Premium) | 42,856 | ' |
Debt Instrument, Unamortized Discount | 38,144 | ' |
Proceeds from Convertible Debt | 81,000 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | ' |
Convertible Note on October 8, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ' |
Debt Instrument, Face Amount | 32,500 | ' |
Debt Instrument, Maturity Date | 10-Jul-14 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to 58% times the average of the lowest three trading prices for the common stock during the ten day period ending on the latest complete trading day prior to the conversion. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 32,500 | ' |
Amortization of Debt Discount (Premium) | 9,251 | ' |
Debt Instrument, Unamortized Discount | 23,249 | ' |
Proceeds from Convertible Debt | 32,500 | ' |
Convertible Note on November 19, 2013 [Member] | ' | ' |
7. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ' |
Debt Instrument, Face Amount | 100,000 | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.013 per share, or fifty percent (50%) of the lowest trading price after the effective date. | ' |
Debt Instrument, Convertible, Beneficial Conversion Feature | 59,000 | ' |
Amortization of Debt Discount (Premium) | 10,778 | ' |
Debt Instrument, Unamortized Discount | 48,222 | ' |
Proceeds from Convertible Debt | $59,000 | ' |
Debt Instrument, Maturity Date, Description | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | ' |
7_CONVERTIBLE_PROMISSORY_NOTES3
7. CONVERTIBLE PROMISSORY NOTES (Details) - Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Minimum [Member] | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' |
Stock price on the valuation dates | $0.01 |
Conversion price for the debt | $0.00 |
Years to Maturity | '6 years |
Risk free rate | 0.02% |
Expected volatility | 30.45% |
Maximum [Member] | ' |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ' |
Stock price on the valuation dates | $0.03 |
Conversion price for the debt | $0.04 |
Years to Maturity | '2 years |
Risk free rate | 34.00% |
Expected volatility | 272.98% |
8_SUBSEQUENT_EVENTS_Details
8. SUBSEQUENT EVENTS (Details) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | ||||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Mar. 13, 2014 | Mar. 10, 2014 | Mar. 06, 2014 | Feb. 26, 2014 | Feb. 21, 2014 | Feb. 11, 2014 | Feb. 05, 2014 | Feb. 03, 2014 | Jan. 23, 2014 | Jan. 21, 2014 | Jan. 07, 2014 | Mar. 13, 2014 | Mar. 10, 2014 | Mar. 06, 2014 | Feb. 26, 2014 | Feb. 21, 2014 | Feb. 11, 2014 | Jan. 23, 2014 | Jan. 21, 2014 | Jan. 07, 2014 | Jan. 31, 2014 | Jan. 29, 2014 | Jan. 31, 2014 | Feb. 23, 2014 | Jan. 31, 2014 | Mar. 13, 2014 | Feb. 26, 2014 | Feb. 11, 2014 | Mar. 13, 2014 | Mar. 13, 2014 | Mar. 10, 2014 | Mar. 06, 2014 | Feb. 26, 2014 | Feb. 21, 2014 | Feb. 13, 2014 | Feb. 11, 2014 | Feb. 05, 2014 | Feb. 03, 2014 | Jan. 23, 2014 | Jan. 21, 2014 | Jan. 13, 2014 | Jan. 07, 2014 | Mar. 06, 2014 | |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |||
Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Solar United Network, Inc. [Member] | Convertible Note on January 29, 2014 [Member] | Convertible Note on January 31, 2014 [Member] | Convertible Note on January 31, 2014 #2 [Member] | Convertible Note on January 31, 2014 #2 [Member] | Convertible Note on February 11, 2014 [Member] | Convertible Note on February 11, 2014 [Member] | Convertible Note on February 11, 2014 [Member] | Convertible Note on February 11, 2014 [Member] | |||||||||||||||||
8. SUBSEQUENT EVENTS (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26,250,000 | ' | ' | ' | ' | ' | 2,968,937 | 2,957,361 | 5,924,454 | 1,615,384 | 8,518,345 | ' | 185,111 | ' | 301,205 | 3,687,863 | 1,604,406 | ' | 3,542,795 | ' |
Debt Conversion, Original Debt, Amount | ' | ' | $20,000 | $20,000 | $84,000 | $20,000 | $118,584 | $7,500 | $20,000 | $15,000 | $33,000 | $25,000 | $32,000 | $1,079 | $1,000 | $7,829 | $1,000 | $13,450 | $1,700 | $3,879 | $4,313 | $3,428 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $21,079 | ' | $91,829 | $21,000 | $132,034 | ' | ' | $335,570 | ' | $36,879 | $29,413 | ' | $35,428 | ' |
Proceeds from Convertible Debt | 652,500 | 359,417 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 90,000 | 750,000 | ' | ' | 30,000 | 20,000 | 20,000 | 60,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | 10.00% | ' | 4.00% | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | 750,000 | ' | 175,000 | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Maturity Date, Description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Note matures nine (9) months from the effective date and may be extended by the lender for twelve (12) months from the effective date. | 'Note matures in nine (9) months from the effective date, and may be extended by the lender for twelve (12) months from the effective date. | ' | 'Notes mature nine (9) months from the effective date. | ' | ' | 'Note matures nine (9) months from the effective date. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The note may be converted into shares of the Company's common stock at a conversion price of $0.05 per share or fifty percent (50%) of the lowest trading price of common stock recorded on any trade day after the effective date. | 'The note may be converted into shares of the Company's common stock at a conversion price of $0.05 per share or fifty percent (50%) of the lowest trading price of common stock recorded on any trade day after the effective date. | ' | 'The notes may be converted into shares of the Company's common stock at a conversion price of $0.02 per share until March 30, 2015, and thereafter the conversion price shall be the greater of a) the initial conversion price or b) fifty percent (50%) of the average closing price of common stock for ten (10) consecutive trading days following the submission of a notice to convert in writing. | ' | ' | 'The note may be converted into shares of the Company's common stock at a conversion price of $0.05 per share or fifty percent (50%) of the lowest trading price of common stock recorded on any trade day after the effective date. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Securities Purchasae Agreements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in Shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 227,979 | ' | ' | ' | ' | ' | ' | ' | 4,000,000 |
Business Acquisition, Percentage of Voting Interests Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Payments to Acquire Businesses, Gross | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,044,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Consideration Transferred, Liabilities Incurred | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,750,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,794,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
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8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, by Acquisition (Subsequent Event [Member], USD $) | Dec. 31, 2013 |
Subsequent Event [Member] | ' |
Current Assets | ' |
Cash | $386,237 |
Contract Receivables | 1,058,312 |
Costs and Estimated Earnings in Excess of Billings | 73,312 |
Advances to Employees | 500 |
Total Current Assets | 1,518,361 |
Tangible Assets subject to depreciation | ' |
Machinery and Equipment, net of depreciation | 7,617 |
Other Assets | ' |
Security Deposit | 5,000 |
Loan to Shareholder | 47,426 |
Goodwill | 2,318,283 |
Total Other Assets | 2,370,709 |
Total assets acquired | 3,896,687 |
Current liabilites | ' |
Accounts Payable | 533,739 |
Billings in Excess of Costs and Estimated Earnings | 478,740 |
Payroll Liabilities | 60,447 |
Other Liabilities | 25,261 |
Stockholders' Payable | 4,000 |
Total liabilities acquired | 1,102,187 |
Net assets acquired | $2,794,500 |
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8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Balance Sheet (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Balance Sheet [Line Items] | ' | ' | ' |
Total Assets | $47,179 | $41,766 | ' |
Total Stockholders' Equity | -3,447,389 | -891,628 | 3,741 |
Subsequent Event [Member] | Pro Forma [Member] | ' | ' | ' |
8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Balance Sheet [Line Items] | ' | ' | ' |
Total Assets | 3,943,866 | ' | ' |
Total Liabilities | 4,596,755 | ' | ' |
Total Stockholders' Equity | -652,889 | ' | ' |
Subsequent Event [Member] | Acquisition-related Costs [Member] | ' | ' | ' |
8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Balance Sheet [Line Items] | ' | ' | ' |
Total Assets | 2,318,283 | ' | ' |
Total Liabilities | 0 | ' | ' |
Total Stockholders' Equity | 2,318,283 | ' | ' |
Subsequent Event [Member] | Solar United Network, Inc. [Member] | ' | ' | ' |
8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Balance Sheet [Line Items] | ' | ' | ' |
Total Assets | 1,578,404 | ' | ' |
Total Liabilities | 1,102,187 | ' | ' |
Total Stockholders' Equity | 476,217 | ' | ' |
Subsequent Event [Member] | ' | ' | ' |
8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Balance Sheet [Line Items] | ' | ' | ' |
Total Assets | 47,179 | ' | ' |
Total Liabilities | 3,494,568 | ' | ' |
Total Stockholders' Equity | ($3,447,389) | ' | ' |
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8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income [Line Items] | ' | ' |
Sales | $0 | $0 |
Net Income/(Loss) from continued operations | -3,814,926 | -2,042,778 |
Subsequent Event [Member] | Pro Forma [Member] | ' | ' |
8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income [Line Items] | ' | ' |
Sales | 8,552,975 | 4,112,042 |
Net Income/(Loss) from continued operations | -3,128,958 | -1,837,286 |
Net loss per share (in Dollars per share) | $0.02 | $0.01 |
Subsequent Event [Member] | Acquisition-related Costs [Member] | ' | ' |
8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income [Line Items] | ' | ' |
Net loss per share (in Dollars per share) | $0 | $0 |
Subsequent Event [Member] | Solar United Network, Inc. [Member] | ' | ' |
8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income [Line Items] | ' | ' |
Sales | 8,552,975 | 4,112,042 |
Net Income/(Loss) from continued operations | 685,968 | 205,492 |
Net loss per share (in Dollars per share) | $0 | $0 |
Subsequent Event [Member] | ' | ' |
8. SUBSEQUENT EVENTS (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income [Line Items] | ' | ' |
Sales | 0 | 0 |
Net Income/(Loss) from continued operations | ($3,814,926) | ($2,042,778) |
Net loss per share (in Dollars per share) | $0.02 | $0.02 |