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 September 30, 2013, $485,000 of the notes have yet to be executed and finalized, however, the Company accrued $93,680 and $66,916 as estimated interest as of September 30, 2013 and December 31, 2012, respectively.