SUBSEQUENT EVENTS (Details Textual) (USD $)
|
1 Months Ended | |
---|---|---|
Aug. 31, 2013
|
Aug. 02, 2013
|
|
Number Of Common Stock Warrants Issued | 300,000 | |
Class Of Warrant Or Right Term | 3 years | |
Subsequent Event [Member]
|
||
Class of Warrant or Right, Exercise Price of Warrants or Rights | 3.00 | |
Secured Subordinate Convertible Notes Conversion Description | the Note holder may convert his or her Note into shares of the Companys common stock (at ninety percent (90%) of the average closing price ten (10) days prior to conversion, unless a public offering is pending at the time of the conversion notice, which would result in the conversion price being the same price as the offering).The conversion price is subject to a floor of one dollar ($1 USD) per share; | |
Secured Subordinate Convertible Notes Redemption Description | the Note holder has the right to redeem the Note for a period of sixty (60) days following the eighteen (18) month anniversary of the issuance of the Note, unless a capital raise is conducted within eighteen (18) months after the issuance of the Note. | |
Business Acquisition Purchase Price Property | 3,150,000 | |
Deposit Towards Purchase Of Property | 200,000 | |
Subsequent Event [Member] | Secured Subordinate Convertible Notes [Member]
|
||
Debt Instrument, Face Amount | (3,000,000) | |
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | |
Debt Instrument, Term | 36 months | |
Debt Instrument, Description | the Note holders shall receive ten percent (10%), pro rata, of the net profit of the Nottingham, England Hooters restaurant, paid quarterly for the life of the location, and ten percent (10%) of the net proceeds should the location be sold; |
X | ||||||||||
- Definition
The amount of acquisition cost of a business combination of land and building to be used in the normal course of business, not including assets that are held-for-sale. No definition available.
|
X | ||||||||||
- Definition
The term at which common stock warrants exercisable. No definition available.
|
X | ||||||||||
- Definition
Represents the amount of deposit to be paid towards purchase of property. No definition available.
|
X | ||||||||||
- Definition
Number of common stock warrants issued. No definition available.
|
X | ||||||||||
- Definition
The description of secured subordinate convertible notes conversion. No definition available.
|
X | ||||||||||
- Definition
The description of secured subordinate convertible notes redemption. No definition available.
|
X | ||||||||||
- Definition
Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Identification of the lender and information about a contractual promise to repay a short-term or long-term obligation, which includes borrowings under lines of credit, notes payable, commercial paper, bonds payable, debentures, and other contractual obligations for payment. This may include rationale for entering into the arrangement, significant terms of the arrangement, which may include amount, repayment terms, priority, collateral required, debt covenants, borrowing capacity, call features, participation rights, conversion provisions, sinking-fund requirements, voting rights, basis for conversion if convertible and remarketing provisions. The description may be provided for individual debt instruments, rational groupings of debt instruments, or by debt in total. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|