Related Party Transactions (Details Textual) (USD $)
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1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 45 Months Ended | |||
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Sep. 01, 2011
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2012
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Dec. 31, 2013
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Jun. 30, 2013
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Line of credit issued to related party | $ 1,000,000 | |||||||
Line of credit facility, amount outstanding | 163,829 | 163,829 | 163,829 | 163,829 | ||||
Line of credit facility accrued interest | 10,174 | 10,174 | 10,174 | 3,341 | ||||
Line of credit facility, interest rate description | The line of credit bears interest equal to the lower of 10%, or the Wall Street Journal Prime Rate (3.25% at December 31, 2013) plus 5% | |||||||
Line of credit facility, interest rate at period end | 8.25% | 8.25% | 8.25% | |||||
Line of credit facility, interest rate during period | 5.00% | |||||||
Line of credit facility, description | The line of credit matured on August 31, 2012 and the Company has no further obligations to fund the credit line | |||||||
Consulting expenses | 80,401 | 86,574 | 162,025 | 179,225 | ||||
Professional fees | 76,968 | 138,471 | 242,617 | 292,879 | 1,045,560 | |||
Related party expenses | 1,068,206 | 1,068,206 | 1,068,206 | 807,001 | ||||
Due from related parties | 165,023 | 165,023 | 165,023 | 183,346 | ||||
Board of Directors Chairman [Member]
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Due from related parties | 165,023 | 165,023 | 165,023 | |||||
Related parties
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Professional fees | $ 25,500 | $ 40,500 | $ 51,000 | $ 88,500 |