NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) (USD $) | 3 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 6 Months Ended | 12 Months Ended |
Mar. 31, 2015 | Dec. 31, 2013 | Feb. 06, 2013 | Jan. 09, 2013 | Mar. 31, 2015 | Jan. 31, 2015 | Jul. 31, 2013 | Dec. 31, 2014 |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Class of Warrant or Rights, Granted | 2,447,830 | | | | | | | |
Temporary Equity, Amortization Period | | 1 year | | | | | | |
Embedded Derivative, Fair Value of Embedded Derivative Liability | $1,242,590 | | | | $1,242,590 | | | $0 |
Derivative Liability, Current | 4,097,444 | | | | 4,097,444 | | | 0 |
Dividends Payable, Current | 456,964 | | | | 456,964 | | | 445,069 |
Registration Payment Arrangement, Term | The Company entered into a Registration Rights Agreement in connection with the sale and issuance of the Series C preferred stock. The Company is required to file a registration statement registering for resale the (a) common stock issuable upon conversion in full of the Preferred Stock (assuming on such date the shares of Preferred Stock are converted in full without regard to any conversion limitations therein), (b) all shares of Common Stock issuable as dividends and “Make-Whole Payments” (as defined in the Certificate of Designation) on the Preferred Stock assuming all dividend and Make-Whole Payments are made in shares of Common Stock and the Preferred Stock is held for at least 3 years, (c) all warrant shares then issuable upon exercise of the Warrants (assuming on such date the warrants are exercised in full without regard to any exercise limitations therein), (d) any additional shares of Common Stock issuable in connection with any anti-dilution provisions in the Preferred Stock or the Warrants (in each case, without giving effect to any limitations on conversion set forth in the Certificate of Designation or limitations on exercise set forth in the Warrants) and (e) any securities issued or then issuable upon any stock split, dividend or other distribution, recapitalization or similar event with respect to the foregoing. The Company is required to file a registration statement and must be declared effective no later than 210 days from the date of termination of the sale the Series C preferred stock.The Company was required to maintain the effectiveness of the registration statement from its effective date unless all securities registered under the registration statement have been sold or are otherwise able to be sold. If the Company failed to comply with the registration statement effective date requirements, the Company is required to pay the investors a fee equal to 0.25% of the Purchaser’s investment, for each 30-day period of delay, subject to a maximum payment of 3% to each Purchaser. | | | | | | | |
Registration Payment Arrangement, Accrual Carrying Value | 55,620 | | | | 55,620 | | | 55,620 |
Options Held [Member] | Series C Preferred Stock [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Adjustments to Additional Paid in Capital, Other | | 1,303,671 | | | | | | |
Temporary Equity, Liquidation Preference | | 1,303,671 | | | | | | |
Warrant [Member] | Series C Preferred Stock [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Adjustments to Additional Paid in Capital, Warrant Issued | | 1,064,739 | | | | | | |
Temporary Equity, Liquidation Preference | | 1,064,739 | | | | | | |
Issuance Costs [Member] | Series C Preferred Stock [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Temporary Equity, Liquidation Preference | | 412,590 | | | | | | |
Series C Preferred Stock [Member] | Common Stock [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Temporary Equity, Redemption Price Per Share | $1.50 | | | $1.50 | $1.50 | | | $1.50 |
Series C Preferred Stock [Member] | Dividend Declared [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Dividends Payable, Current | 456,964 | | | | 456,964 | | | 445,069 |
Series C Preferred Stock [Member] | Bridge Loan [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Debt Conversion, Converted Instrument, Shares Issued | | | 600 | | | | | |
Series C Preferred Stock [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Temporary Equity, Shares Authorized | 4,200 | | | 4,200 | 4,200 | | | |
Preferred Stock, Dividend Rate, Percentage | 9.00% | | | 9.00% | | | | 9.00% |
Temporary Equity, Par Value | | | | 1,000 | | | | |
Preferred Stock, Dividend Payment Terms | | | | payable quarterly | | | | |
Preferred Stock, Voting Rights | | | | no voting rights, however without the affirmative vote of all the holders of then outstanding shares of the Series C preferred stock, the Company cannot (a) alter or change adversely the powers, preferences or rights given to the Series C preferred stock or alter or amend the Certificate of Designation | | | | |
Preferred Stock, Redemption Terms | | | | (i) the greater of 120% of the stated value of $1,000 or the product of the variable weighted average price of the Company’s common stock on the trading day immediately preceding the date of the triggering event and the stated value divided by the then conversion price or (ii) either (a) redeem each Series C preferred share for a redemption price, in shares of the Company’s common stock, equal to a number of shares equal to the (i) above divided by 75%. | | | | |
Class of Warrant or Rights, Granted | | | | 1,330,627 | | | | 984,674 |
Class of Warrant or Right, Exercise Price of Warrants or Rights | | | | $2.61 | | | | $1.50 |
Warrants, Term of Warrants | | | | 5 years | | | | |
Warrant, Description of Warrant | | | | after the six month anniversary of the initial exercise date, there is no effective registration statement registering, or no current prospectus available for the resale of the warrant shares by the holder, then the warrant may only be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the holder shall be entitled to receive a number of Warrant Shares equal to defined formula. | | | | |
Temporary Equity, Liquidation Preference | 2,461,000 | 2,781,000 | | | 2,461,000 | | | 2,711,000 |
Stock Issued During Period, Shares, New Issues | | | | | | | 2,181 | |
Proceeds from Issuance of Redeemable Preferred Stock | | | | | | | $1,814,910 | |
Conversion of Stock, Shares Issued | | | | | 169,334 | 42,334 | | |
Conversion of Stock, Shares Converted | | | | | 200 | 50 | | |
Temporary Equity, Shares Issued | 2,461 | | | | 2,461 | | | 2,711 |
Temporary Equity, Shares Outstanding | 2,461 | | | | 2,461 | | | 2,711 |
Common Stock [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Stock Issued During Period, Shares, New Issues | 1,398,760 | | | | | | | |
Embedded Derivative Financial Instruments [Member] | Minimum [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Fair Value Assumptions, Expected Term | 2 years 284 days | | | | | | | |
Fair Value Assumptions, Risk Free Interest Rate | 0.56% | | | | | | | |
Embedded Derivative Financial Instruments [Member] | Maximum [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Fair Value Assumptions, Expected Term | 3 years 6 months | | | | | | | |
Fair Value Assumptions, Risk Free Interest Rate | 0.89% | | | | | | | |
Embedded Derivative Financial Instruments [Member] | | | | | | | | |
NOTE 4 - SERIES C 9% CONVERTIBLE PREFERRED STOCK (Details) [Line Items] | | | | | | | | |
Fair Value Assumptions, Expected Dividend Rate | 0.00% | | | | | | | |
Fair Value Assumptions, Expected Volatility Rate | 141.00% | | | | | | | |