Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jun. 30, 2012 | Jul. 23, 2014 | |
Document Information [Line Items] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-12 | ' |
Document Fiscal Year Focus | '2012 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Trading Symbol | 'COCBF | ' |
Entity Registrant Name | 'COASTAL CARIBBEAN OILS & MINERALS LTD | ' |
Entity Central Index Key | '0000021239 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 95,504,951 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Jun. 30, 2012 | Dec. 31, 2011 |
Current assets: | ' | ' |
Cash and cash equivalents | $2,204 | $7,384 |
Total current assets | 2,204 | 7,384 |
Certificates of deposit - Restricted | 86,318 | 86,318 |
Total Assets | 88,522 | 93,702 |
Current liabilities: | ' | ' |
Accounts payable and accrued liabilities | 225,064 | 235,073 |
Amounts due to related parties | 1,224,078 | 1,134,922 |
Total current liabilities | 1,449,142 | 1,369,995 |
Shareholders' equity (deficit) | ' | ' |
Common stock, par value $.12 per share: Authorized - 250,000,000 shares Outstanding - 75,660,740 and 75,133,824 shares, respectively | 9,079,289 | 9,016,059 |
Discount on common stock | -2,228,553 | -2,184,293 |
Capital in excess of par value | 32,139,311 | 32,139,311 |
Common stocks, including additional paid in capital, net of discount | 38,990,047 | 38,971,077 |
Deficit accumulated during the development stage | -40,350,667 | -40,247,370 |
Total shareholders' equity (deficit) | -1,360,620 | -1,276,293 |
Total liabilities and shareholders' equity (deficit) | $88,522 | $93,702 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Jun. 30, 2012 | Dec. 31, 2011 |
Common stock, par value | $0.12 | $0.12 |
Common stock, shares authorized | 250,000,000 | 250,000,000 |
Common stock, shares outstanding | 75,660,740 | 75,133,824 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 6 Months Ended | 713 Months Ended | ||
Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | |
Interest and other income | ' | $88 | ' | $169 | $3,985,523 |
Gain on settlement | ' | ' | ' | ' | 8,124,016 |
Revenues, Total | ' | 88 | ' | 169 | 12,109,539 |
Expenses: | ' | ' | ' | ' | ' |
Legal fees and costs | ' | ' | ' | ' | 17,688,104 |
Administrative expenses | 7,259 | 28,772 | 27,531 | 77,448 | 11,328,933 |
Salaries | 31,250 | 31,250 | 62,500 | 62,500 | 4,708,931 |
Shareholder communications | 8,200 | 250 | 13,266 | 550 | 4,196,243 |
Goodwill impairment | ' | ' | ' | ' | 801,823 |
Write off of unproved properties | ' | ' | ' | ' | 9,523,271 |
Exploration costs | ' | ' | ' | ' | 188,218 |
Lawsuit judgments | ' | ' | ' | ' | 1,941,916 |
Minority interests | ' | ' | ' | ' | -632,974 |
Other | ' | ' | ' | ' | 364,865 |
Contractual services | ' | ' | ' | ' | 2,350,876 |
Total Costs and expenses | 46,709 | 60,272 | 103,297 | 140,498 | 52,460,206 |
Net loss | -46,709 | -60,184 | -103,297 | -140,329 | -40,350,667 |
Revenues, Total | ' | 88 | ' | 169 | 12,109,539 |
Total Costs and expenses | 46,709 | 60,272 | 103,297 | 140,498 | 52,460,206 |
Deficit accumulated during the development stage | ' | ' | ' | ' | ($40,350,667) |
Weighted average number of Shares outstanding (basic & diluted) | 75,537,283 | 70,947,318 | 75,599,012 | 70,804,461 | ' |
Net loss per share (basic & diluted) | $0 | $0 | $0 | $0 | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 6 Months Ended | 713 Months Ended | |
Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | |
Operating activities: | ' | ' | ' |
Net loss | ($103,297) | ($140,329) | ($40,350,667) |
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' | ' |
Gain on settlement | ' | ' | -8,124,016 |
Goodwill impairment | ' | ' | 801,823 |
Minority interest | ' | ' | -602,949 |
Depreciation | ' | 1,260 | 12,973 |
Write off of unproved properties | ' | ' | 9,491,990 |
Common stock issued for services | ' | ' | 119,500 |
Compensation recognized for stock option grant | ' | ' | 75,000 |
Recoveries from previously written off properties | ' | ' | 252,173 |
Net change in: | ' | ' | ' |
Accounts payable and accrued liabilities | 79,148 | 104,429 | 1,455,179 |
Net cash used in operating activities | -24,149 | -34,640 | -36,868,994 |
Investing activities: | ' | ' | ' |
Additions to oil, gas, and mineral properties net of assets acquired for common stock and reimbursements | ' | -30,898 | -6,652,219 |
Well drilling costs | ' | -3,335 | -1,285,992 |
Sale of unproved nonoperating interests | ' | ' | 512,595 |
Net proceeds from settlement | ' | ' | 8,124,016 |
Proceeds from relinquishment of surface rights | ' | ' | 246,733 |
Purchase of certificate of deposit | ' | -170 | -140,973 |
Redemption of certification of deposit | ' | ' | 54,655 |
Purchase of minority interest in CPC | ' | ' | -801,823 |
Purchase of fixed assets | ' | ' | -74,623 |
Net cash used in investing activities | ' | -34,403 | -17,631 |
Financing activities: | ' | ' | ' |
Notes payable proceeds | ' | ' | 184,988 |
Repayment of loans | ' | ' | -159,988 |
Sale of common stock net of expenses | 18,969 | 52,000 | 31,432,080 |
Shares issued upon exercise of options | ' | ' | 891,749 |
Sale of shares by subsidiary | ' | ' | 820,000 |
Sale of subsidiary shares | ' | ' | 3,720,000 |
Net cash provided by financing activities | 18,969 | 52,000 | 36,888,829 |
Net decrease in cash and cash equivalents | -5,180 | -17,043 | 2,204 |
Cash and cash equivalents at beginning of period | 7,384 | 17,043 | ' |
Cash and cash equivalents at end of period | $2,204 | ' | $2,204 |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended | |
Jun. 30, 2012 | ||
Basis of Presentation | ' | |
Note 1. | Basis of Presentation | |
The accompanying unaudited consolidated financial statements include Coastal Caribbean Oils & Minerals, Ltd. (“the Company”) and its wholly owned subsidiary, Coastal Petroleum Company (“Coastal Petroleum”) and have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature. Operating results for the six month period ended June 30, 2012, are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011. | ||
Effects of Recent Accounting Pronouncements | ||
In May 2014, the FASB issued ASU 2014-09 (Revenue from Contracts with Customers (Topic 606)), which requires an entity to recognize revenue from the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance addresses in particular contracts with more than one performance obligation as well as the accounting for some costs to obtain or fulfill a contract with a customer and provides for additional disclosures with respect to revenues and cash flows arising from contracts with customers. With respect to public entities, this update is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016 and early adoption is not permitted. We believe that our implementation of this guidance will have no material impact on our consolidated financial statements. |
Going_Concern
Going Concern | 6 Months Ended | |
Jun. 30, 2012 | ||
Going Concern | ' | |
Note 2. | Going Concern | |
The Company has no revenues, had recurring losses since 2006 and prior to 2005 and has had an accumulated deficit during the development stage. The Company’s current cash position is not adequate to fund existing operations or exploration and development of any potential oil and gas properties. The Company has an agreement in place with a director which provides the director with options to further fund the Company to continue operations and exploration. There is no assurance that the Company will be able to obtain any funding, that sufficient funding can be obtained, or that the Company will be able to raise necessary funds. | ||
These situations raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or amounts and classification of liabilities, which may result from the outcome of this uncertainty. |
Net_Loss_Per_Share
Net Loss Per Share | 6 Months Ended | |
Jun. 30, 2012 | ||
Net Loss Per Share | ' | |
Note 3. | Net loss per share | |
Net loss per share is based upon the weighted average number of common and common equivalent shares outstanding during the period. The Company’s basic and diluted calculations of earnings per share (“EPS”) are the same because the exercise of options is not assumed in calculating diluted EPS, as the result would be anti-dilutive. The Company has included common shares to be issued to Robert J. Angerer, Sr. for advances made through June 30, 2012. |
Unproved_Oil_Gas_and_Mineral_P
Unproved Oil, Gas and Mineral Properties | 6 Months Ended | |
Jun. 30, 2012 | ||
Unproved Oil, Gas and Mineral Properties | ' | |
Note 4. | Unproved Oil, Gas and Mineral Properties | |
In December 2011, the Company determined that its leases and capitalized development costs were impaired due to the time remaining under some of the leases, the Company being unable to establish quantifiable production on the leases, and in the case of less prospective leases, for nonpayment of lease rentals, and recorded an impairment charge of $2,832,519. | ||
Montana Leases | ||
The Company had a presence in Valley County, Montana, where it held leases covering approximately 32,313 net acres, which were the remaining unexpired leases from those leases the Company acquired in three separate acquisitions between July 2005 and February 2006. Subsequent to 2011, these leases expired due to the expiration of the time remaining under some of the leases, the Company being unable to establish quantifiable production on the leases, and in the case of less prospective leases, for nonpayment of lease rentals, and an impairment charge of $2,832,519 was recorded. | ||
North Dakota Leases | ||
In July 2005, the Company acquired leases to the deeper rights in approximately 21,688 net acres in and near Slope County, North Dakota. Subsequent to 2011, these leases expired due to the expiration of the time remaining under some of the leases, the Company being unable to establish quantifiable production on the leases, and in the case of less prospective leases, for nonpayment of lease rentals. |
Income_Taxes
Income Taxes | 6 Months Ended | |
Jun. 30, 2012 | ||
Income Taxes | ' | |
Note 5. | Income Taxes | |
For the six month periods ending June 30, 2012 and 2011, the Company reported a loss for both financial statement reporting and income tax purposes. The Company has provided a 100% valuation allowance on its deferred tax asset as a result of its net operating loss carryforwards. The Company had approximately $9,441,000 in net operating loss carryforwards at December 31, 2011. |
Related_Party_Transactions
Related Party Transactions | 6 Months Ended | |
Jun. 30, 2012 | ||
Related Party Transactions | ' | |
Note 6. | Related Party Transactions | |
See Note 8 also. | ||
Services | ||
Through May 2009, the Company paid a monthly retainer to the law firm of Angerer & Angerer which had been litigation counsel to the Company for more than twenty-five years and also served the Company in that capacity as well as others including general counsel services, management services, public relations, shareholder relations and representing the Company before state and federal agencies for permitting. The principals of the law firm included two individuals who are collectively shareholders, officers and a director of the Company. No amounts were paid or accrued in the six month periods ending June 30, 2012 or 2011. The Company owes $150,000 to Angerer & Angerer at June 30, 2012. | ||
The Company expensed $0 and $6,094 for legal fees by the law firm of Igler & Dougherty, P.A., during the six months ended June 30, 2012 and 2011, respectively. Mr. Herbert D. Haughton, a shareholder of Igler & Dougherty, P.A., was elected a director of Coastal Caribbean and of Coastal Petroleum in December 2005. | ||
The Company has been accruing compensation and related benefits to it its president and CEO. During the six months ended June 30, 2012 and 2011, the Company accrued compensation and retirement benefits of $76,656. At June 30, 2012, the Company owes compensation and related benefits to its president and CEO of $625,000 and $167,828, respectively. | ||
The Company has also been accruing directors’ fees. During the six months ended June 30, 2012, the Company accrued $12,500 of fees to directors. At June 30, 2012, the Company owes $281,250 in directors’ fees. |
Certificates_of_Deposit_Restri
Certificates of Deposit - Restricted | 6 Months Ended | |
Jun. 30, 2012 | ||
Certificates of Deposit - Restricted | ' | |
Note 7. | Certificates of Deposit – Restricted | |
The Company has pledged certificates of deposit for pollution bond requirements under three previous well permits. |
Stock_Transactions
Stock Transactions | 6 Months Ended | |
Jun. 30, 2012 | ||
Stock Transactions | ' | |
Note 8. | Stock Transactions | |
Beginning in 2010, the Company has entered into various agreements to sell and sold restricted shares of its common stock for cash or in return for payment of certain Company expenses that have allowed the Company to pay lease rentals and other administrative costs necessary to keep the Company viable through the current period. | ||
On May 20, 2011, the Company entered into an agreement with Robert J. Angerer, Sr., for the sale of 857,142 restricted and unregistered shares of common stock of the Company for $60,000, in order to cover certain Company expenses. Mr. Angerer also exercised an option under the agreement for 142,857 shares of common stock for $10,000. The Company plans to issue Mr. Angerer a total of 999,999 restricted and unregistered shares of common stock for investments made under this agreement. This agreement has concluded. | ||
Then in October 2011, in order to fund immediate cash needs at that time, the Company entered into another agreement with Robert J. Angerer, Sr., for an immediate infusion of $30,000 cash and the commitment to spend $130,000 in operational costs to complete the Federal 1-19A well. The agreement also provided options for Mr. Angerer to provide additional funding. In return, the Company will issue 4,444,444 restricted and unregistered shares of common stock to Mr. Angerer. Under this agreement, Mr. Angerer provided a total of $90,000 in cash to the Company; he provided $55,000 in 2011 and an additional $35,000 through August of 2012. Mr. Angerer also paid directly $70,000 for expenses related to the Federal 1-19A well. The Company plans to issue Mr. Angerer a total of 4,444,444 restricted and unregistered shares of common stock for investments made under this agreement. The agreement was completed and all other options under the agreement expired. During 2011, 3,472,221 shares have been reflected as issued under the October 2011 agreement; and at June 30, 2012, 972,223 shares remain to be issued to Mr. Angerer. | ||
In September 2012, the Company entered into a new agreement with Robert J. Angerer, Sr., to provide additional funding in return for shares of restricted and unregistered shares of common stock of the Company at $.03 per share. Mr. Angerer agreed to provide up to $1,000,000 to perform a nitrogen fracturing operation on the Federal 1-19A well, to abandon two existing wells, to pay existing liabilities, and to allow the Company to cure its delinquent legal and regulatory filings. In conjunction with this agreement, the Company entered into a separation agreement with Phillip W. Ware. Mr. Angerer completed the nitrogen fracturing operation on the Federal 1-19A well at a cost of $171,501 in 2012. The Company plans to issue 3,564,705 shares of restricted and unregistered shares of common stock to Mr. Angerer for 2012. In 2013, Mr. Angerer paid $60,000 to the Company in order for the Company to pay legal compliance costs and paid $343,988 of existing liabilities of the Company. In February 2014, Mr. Angerer paid $30,500 for regulatory compliance costs on behalf of the Company. The Company plans to issue Mr. Angerer 15,834,199 shares of restricted and unregistered shares of common stock in exchange for the funds paid into the Company during 2013 and through June 30, 2014, pursuant to the 2012 agreement. | ||
As of the date of this report, the Company plans to issue Mr. Angerer 24,843,347 shares of restricted and unregistered shares of common stock in exchange for the funds paid into the Company through the various agreements described above that were entered into and performed from 2011 through June 30, 2014. |
Commitments_Contingencies_and_
Commitments, Contingencies and Subsequent Events | 6 Months Ended | |
Jun. 30, 2012 | ||
Commitments, Contingencies and Subsequent Events | ' | |
Note 9. | Commitments, Contingencies and Subsequent Events | |
See Note 8 regarding subsequent stock transactions. | ||
Subsequent to June 30, 2012, the Company’s property leases expired due to the expiration of the time remaining under some of the leases, the Company being unable to establish quantifiable production on the leases, and in the case of less prospective leases, for nonpayment of lease rental payments. | ||
The Company is delinquent in filing its periodic reports required under the Securities Exchange Act of 1934 due to lack of funding. The Company is currently preparing its delinquent reports and plans to file all delinquent reports in 2014. The previous inaction to bring the Company’s filings current may result in de-registration of the Company with the Securities Exchange Commission (SEC). Loss of this status may limit the Company’s ability to access capital markets. The Company is working to file the delinquent reports, but there is no assurance that the Company will be able to file its delinquent reports. | ||
In September 2012, the Company entered into a separation agreement and release with Phillip Ware, formerly the CEO and President of the Company, in connection with the September 2012 agreement with Robert J. Angerer, Sr. as disclosed in Note 8. Mr. Ware agreed that his existing options for 450,000 shares of common stock would expire within 90 days of the termination date, which was February 28, 2013. The options were not exercised and have expired. The Company agreed to pay Mr. Ware $200,000 and issued him an option to purchase 1,000,000 shares of restricted and unregistered shares of common stock for $.03 per share. This option expires on December 31, 2017. The Company has not paid Mr. Ware or issued the stock option as of July 23, 2014. Mr. Ware resigned from the Company effective February 28, 2013. |
Unproved_Oil_Gas_and_Mineral_P1
Unproved Oil Gas and Mineral Properties - Additional Information (Detail) (USD $) | 1 Months Ended | 713 Months Ended | 6 Months Ended | |
Dec. 31, 2011 | Jun. 30, 2012 | Jun. 30, 2012 | Jul. 31, 2005 | |
MONTANA | NORTH DAKOTA | |||
Transactions | acre | |||
acre | ||||
Costs Incurred, Oil and Gas Property Acquisition, Exploration, and Development Activities [Line Items] | ' | ' | ' | ' |
Write off of unproved properties | $2,832,519 | $9,523,271 | $2,832,519 | ' |
Gas and oil lease area, undeveloped, net | ' | ' | 32,313 | 21,688 |
Number of acquisitions between July 2005 and February 2006 | ' | ' | 3 | ' |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | Jun. 30, 2012 | Dec. 31, 2011 |
Income Taxes [Line Items] | ' | ' |
Percentage of valuation allowance on deferred tax asset | 100.00% | ' |
Operating loss carry forwards | ' | $9,441,000 |
Related_Party_Transactions_Add
Related Party Transactions - Additional Information (Detail) (USD $) | 6 Months Ended | 713 Months Ended | 6 Months Ended | |||||
Jun. 30, 2012 | Jun. 30, 2012 | Jun. 30, 2012 | Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | |
Angerer & Angerer | Igler & Dougherty, P.A. | Igler & Dougherty, P.A. | President | Chief Executive Officer | Chief Executive Officer | |||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Legal fees | ' | $17,688,104 | $150,000 | $0 | $6,094 | ' | ' | ' |
Compensation and related benefits | ' | ' | ' | ' | ' | 76,656 | 76,656 | ' |
Compensation and related benefits liability | ' | ' | ' | ' | ' | 625,000 | ' | 167,828 |
Directors fees accrued | 12,500 | ' | ' | ' | ' | ' | ' | ' |
Directors' fee Liability | $281,250 | $281,250 | ' | ' | ' | ' | ' | ' |
Certificates_of_Deposit_Restri1
Certificates of Deposit - Restricted - Additional Information (Detail) (Certificates of Deposit) | Jun. 30, 2012 |
Well | |
Certificates of Deposit | ' |
Cash and Cash Equivalents [Line Items] | ' |
Number of previous well permits | 3 |
Stock_Transactions_Additional_
Stock Transactions - Additional Information (Detail) (USD $) | 6 Months Ended | 713 Months Ended | 0 Months Ended | 1 Months Ended | 2 Months Ended | 6 Months Ended | 12 Months Ended | 1 Months Ended | 8 Months Ended | 10 Months Ended | 12 Months Ended | 18 Months Ended | |||
Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | 20-May-11 | Oct. 31, 2011 | Dec. 31, 2011 | Jun. 30, 2012 | Dec. 31, 2011 | Feb. 28, 2014 | Sep. 30, 2012 | Aug. 31, 2012 | Aug. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Jun. 30, 2014 | |
Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | Robert J. Angerer, Sr. | ||||
Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | Subsequent Event | |||||||||
Well | |||||||||||||||
Class of Stock [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common shares, number of shares issued | ' | ' | ' | 857,142 | ' | ' | ' | 3,472,221 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common shares, value | ' | ' | ' | $60,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional common shares issued, value | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional common shares issued | ' | ' | ' | 142,857 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issuable under the agreement | ' | ' | ' | 999,999 | 4,444,444 | ' | 972,223 | ' | ' | ' | ' | ' | ' | 3,564,705 | 15,834,199 |
Commitment to spend in operational costs | ' | ' | ' | ' | 130,000 | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' |
Number of common stock covered under the agreement | ' | ' | ' | ' | 4,444,444 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds Issuance of common stock | 18,969 | 52,000 | 31,432,080 | ' | 30,000 | 55,000 | ' | ' | ' | ' | 35,000 | 90,000 | ' | ' | ' |
Expenses related to Federal 1-19A well | ' | ' | ' | ' | 70,000 | ' | ' | ' | ' | ' | ' | ' | ' | 171,501 | ' |
Common stock issuable under the agreement, price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.03 | ' | ' | ' | ' | ' |
Number of existing wells | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' |
Payment of legal compliance costs to the company | ' | ' | ' | ' | ' | ' | ' | ' | 30,500 | ' | ' | ' | 60,000 | ' | ' |
Payment of existing liabilities of the company | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $343,988 | ' | ' |
Common stock issuable under all agreements made to date | ' | ' | ' | ' | ' | ' | 24,843,347 | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments_Contingencies_and_1
Commitments, Contingencies and Subsequent Events - Additional Information (Detail) (Subsequent Event, Employee Stock Option, President, USD $) | 1 Months Ended |
Sep. 30, 2012 | |
Subsequent Event | Employee Stock Option | President | ' |
Commitments, Contingencies And Subsequent Events [Line Items] | ' |
Stock option plan authorized | 450,000 |
Stock options, expiration period | '90 days |
Agreed payment to former CEO | $200,000 |
Number of shares issued | 1,000,000 |
Common stock issued, share price | $0.03 |
Stock options, expiration date | 31-Dec-17 |
Employment agreement termination date | 28-Feb-13 |