RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)
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12 Months Ended | 20 Months Ended | |||||||
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2012
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Feb. 29, 2012
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Oct. 01, 2011
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Aug. 01, 2011
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Jun. 11, 2011
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May 01, 2011
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Apr. 26, 2011
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Related Party Transactions [Abstract] | |||||||||
Payment for quitclaim deed consideration | $ 10 | ||||||||
Payment to MJI, per month | 25,000 | 15,000 | 15,000 | ||||||
Payment to six MJI employees, per month | 11,000 | ||||||||
Specified services and associated expenses in Agreement amendment | 25,000 | ||||||||
Management fees through MJI | 300,000 | 155,000 | 300,000 | ||||||
Personnel expenses through MJI | 437,000 | ||||||||
Accounts payable due to MJI | 849,170 | 849,170 | |||||||
Sale of convertible promissory notes | 105,882 | ||||||||
Purchase price of sold convertible promissory notes | $ 90,000 |
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- Definition
Management fees - related party. No definition available.
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- Definition
Payment To MJI Per Month. No definition available.
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- Definition
Paymen tTo Six MJI Employees. No definition available.
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- Definition
Purchased Quitclaim Deed. No definition available.
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- Definition
Salaries and wages related party. No definition available.
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due after one year (or beyond the operating cycle if longer), including liabilities for compensation costs, fringe benefits other than pension and postretirement obligations, rent, contractual rights and obligations, and statutory obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. The amount of securities that an institution sells and agrees to repurchase (seller-borrower) at a specified date for a specified price, net of any reductions or offsets. Most repurchase agreements involve obligations of the federal government or its agencies, but other financial instruments, such as commercial paper, banker's acceptances, and negotiable certificates of deposit (CDs), are sometimes used in repurchase agreements. A repurchase agreement is similar to the seller-borrower's borrowing funds equal to the sales price of the related securities with the securities as collateral. Maturities of such agreements are flexible and generally vary from one day to 270 days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value as of the balance sheet date of a liability representing servicing arrangements under which the estimated future revenues from contractually specified servicing fees, late charges, and other ancillary revenues are not expected to adequately compensate the servicer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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