During the year ended December 31, 2012, the Company received an aggregate of $885,000 net proceeds in connection with the expected issuance of convertible debt. As of March 31, 2013, the notes have yet to be executed and finalized, however, the Company accrued $99,649 and $66,916 as estimated interest as of March 31, 2013 and December 31, 2012, respectively.