During the year ended December 31, 2012, the Company received an aggregate of $885,000 of net proceeds in connection with the expected issuance of convertible debt. As of December 31, 2013, $95,599 of the notes have yet to be executed and finalized or refunded, however, the Company accrued $24,509 and $66,916 as estimated interest as of December 31, 2013 and 2012, respectively.