Bridge Financing, Notes Payable, Accrued Interest and Cash Payment Obligation (Details Narrative) (USD $)
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3 Months Ended | 9 Months Ended | 12 Months Ended | ||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Additional Notes issued, principal amount | $ 3,396,350 | ||||
Placement agent fees | 200,630 | 200,630 | 200,630 | ||
Deferred financing amortization expense | 65,703 | 20,000 | 100,857 | 20,000 | |
Discount for the variable conversion feature | 560,662 | 560,662 | 560,662 | ||
Discount for the warrants/shares to be issued | 2,172,750 | 2,172,750 | 2,172,750 | ||
Debt discount | 2,551,161 | 248,412 | |||
Interest expense | 1,781,125 | 133,055 | 3,019,625 | 376,548 | 1,015,541 |
Scheduled cash payments for the acquisition of Txtstation | 250,000 | ||||
Scheduled cash payments obligation |
The $250,000 of scheduled cash payments is due as follows: $25,000 payable on the 60th day following closing and the balance is payable in $25,000 installments at the end of each of the next nine 30-day periods thereafter. |
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Accretion of the debt discount | 786 | ||||
Payments made on cash payment obligation | 87,500 | ||||
MobivityNoteMember
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Principal and interest payments made | 316,579 | ||||
DigimarkLLCSecuredSubordinatedPromissoryNote1Member
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Principal and interest payments made | $ 184,266 |
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Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of the fee that accompanies borrowing money under the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Increase of additional borrowings on existing and new debt instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Represents the portion of interest incurred in the period on debt arrangements that was charged against earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of other deferred costs charged against earnings in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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