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Subsequent Events (Unaudited)
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6 Months Ended |
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Jun. 30, 2011
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| Subsequent Events [Abstract] | |
| Subsequent Events (Unaudited) |
(7) Subsequent Events (Unaudited)
On July 12, 2011, we announced we signed an agreement to restructure the outstanding $5.5 million convertible note scheduled to mature September 13, 2011. The amended agreement provides for $2.75 million to be paid promptly following a closing of us selling equity of the Company along with certain accrued interest and the extension of 50% of the principal amount of the note ($2.75 million) until September 13, 2012 and also provides the note holder with a security interest in certain of our assets. The Company was also required to make an interest pre-payment following a closing.
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