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Convertible Debenture (Narrative) (Details) (USD $)
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12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||||
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Sep. 30, 2012
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Sep. 30, 2012
Junior Capital Inc. July 1, 2011
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Jul. 01, 2011
Junior Capital Inc. July 1, 2011
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Oct. 31, 2011
Junior Capital Inc. October 25, 2011
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Sep. 30, 2012
Junior Capital Inc. October 25, 2011
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Sep. 30, 2011
Junior Capital Inc. October 25, 2011
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Oct. 25, 2011
Junior Capital Inc. October 25, 2011
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Sep. 30, 2012
Editor Newswirel Inc. October 28, 2011
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Oct. 28, 2011
Editor Newswirel Inc. October 28, 2011
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Sep. 30, 2012
Editor Newswirel Inc. November 18, 2011
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Nov. 18, 2011
Editor Newswirel Inc. November 18, 2011
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Sep. 30, 2012
Junior Capital Inc. January 11, 2012
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Jan. 11, 2012
Junior Capital Inc. January 11, 2012
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Sep. 30, 2012
Junior Capital Inc. March 15, 2012
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Mar. 15, 2012
Junior Capital Inc. March 15, 2012
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Sep. 30, 2012
Neil Linder
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Apr. 09, 2012
Neil Linder
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Sep. 30, 2012
iBacking Corp.
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May 29, 2012
iBacking Corp.
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Sep. 30, 2012
Junior Capital Inc. June 5, 2012
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Jun. 05, 2012
Junior Capital Inc. June 5, 2012
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| Debt Instrument [Line Items] | |||||||||||||||||||||
| Convertible Debenture Issued | $ 350,000 | $ 20,000 | $ 20,000 | $ 25,000 | $ 33,000 | $ 40,000 | $ 100,000 | $ 500,000 | $ 18,000 | ||||||||||||
| Principal Face Value Of Convertible Debenture Outstanding | 20,000 | 20,000 | 25,000 | 40,000 | 100,000 | 500,000 | 18,000 | ||||||||||||||
| Interest Rate Of Convertible Debenture | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 12.00% | 12.00% | 12.00% | 12.00% | ||||||||||||
| Convertible Debenture Maturity Date | Jul. 01, 2012 | Oct. 25, 2011 | Oct. 28, 2012 | Nov. 18, 2012 | Jan. 11, 2013 | Mar. 15, 2013 | Apr. 09, 2013 | May 29, 2013 | Jun. 05, 2013 | ||||||||||||
| Conversion Terms Of Convertible Debenture | Junior has the right to convert all or a portion of the principal into shares of common stock at a conversion price equal to fifty percent (50%) of the average of the closing bid price of common stock during the five trading days immediately preceding the conversion date, or fifty percent (50%) of the closing bid price of the common stock on the date of issuance, or $0.05 per share of common stock on the date of conversion as quoted by Bloomberg, LP. Pursuant to the terms of this debenture, the holder shall not be entitled to convert a number of shares that would exceed 4.99% of the outstanding shares of the Company’s common stock. Based on the initial valuation the Company has recorded a debt discount of $50,514, $46,155 of which has been amortized to interest expense. As of September 30, 2012, $143,500 of the $350,000 debenture was converted into 4,100,000 shares of common stock. As a result of the conversions $4,359 of debt discount amortization was accelerated and expensed, and the derivative liability decreased by $149,671. In addition, as a consequence of the triggering of the default provisions of the debenture, as a result of nonpayment as of the due date and failure to convert a portion of the debenture upon request, the interest on the debenture has been instated at a rate of 18%, effective as of the date of issuance, and a per day penalty of $500 has been accrued from the date of default of $16,500. | The Debenture accrues interest of 10% beginning on October 25, 2011 and matures on October 25, 2012. Junior has the right to convert all or a portion of the principal into shares of common stock at a conversion price equal to fifty percent (50%) of the average of the closing bid price of common stock during the five trading days immediately preceding the conversion date, or fifty percent (50%) of the closing bid price of the common stock on the date of issuance as quoted by Bloomberg, LP. Pursuant to the terms of this debenture, the holder shall not be entitled to convert a number of shares that would exceed 4.99% of the outstanding shares of the Company's common stock. Based on the initial valuation the Company has recorded a debt discount of $20,000, $17,794 of which has been amortized to interest expense. As of September 30, 2012 $20,000 of the principal face value of the Junior Debenture remains outstanding. In addition, as a consequence of the triggering of the default provision of the debenture the interest on the debenture has been instated at a rate of 18% effective as of the date of issuance. | Editor has the right to convert all or a portion of the principal into shares of common stock at a conversion price equal to fifty percent (50%) of the average of the closing bid price of common stock during the five trading days immediately preceding the conversion date, or fifty percent (50%) of the closing bid price of the common stock on the date of issuance as quoted by Bloomberg, LP. Pursuant to the terms of this debenture, the holder shall not be entitled to convert a number of shares that would exceed 4.99% of the outstanding shares of the Company's common stock. Based on the initial valuation the Company has recorded a debt discount of $20,000, $8,357 of which has been amortized to interest expense. As of September 30, 2012 $20,000 of the principal face value of the Debenture remains outstanding. In addition, as a consequence of the triggering of the default provision of the debenture the interest on the debenture has been instated at a rate of 18% effective as of the date of issuance. | Editor has the right to convert all or a portion of the principal into shares of common stock at a conversion price equal to fifty percent (50%) of the average of the closing bid price of common stock during the five trading days immediately preceding the conversion date, or fifty percent (50%) of the closing bid price of the Common Stock on the date of issuance as quoted by Bloomberg, LP. Pursuant to the terms of this debenture, the holder shall not be entitled to convert a number of shares that would exceed 4.99% of the outstanding shares of the Company's common stock. Based on the initial valuation the Company has recorded a debt discount of $25,000, $11,292 of which has been amortized to interest expense. As of September 30, $25,000 of the principal face value of the Debenture remains outstanding. In addition, as a consequence of the triggering of the default provision of the debenture the interest on the debenture has been instated at a rate of 18% effective as of the date of issuance. | Junior has the right to convert all or a portion of the principal into shares of common stock at a conversion price equal to fifty percent (50%) of the average of the closing bid price of common stock during the five trading days immediately preceding the conversion date, or fifty percent (50%) of the closing bid price of the Common Stock on the date of issuance as quoted by Bloomberg, LP. Pursuant to the terms of this debenture, the holder shall not be entitled to convert a number of shares that would exceed 4.99% of the outstanding shares of the Company's common stock. Based on the initial valuation the Company has recorded a debt discount of $33,000, $8,425 of which was amortized to interest expense before conversion. As a result of the conversions, $24,575 of debt discount amortization was accelerated and expensed and the derivative liability decreased by $37,159. As of September 30, 2012 the entire $33,000 debenture was converted into 1,015,384 shares of common stock. | Junior has the right to convert all or a portion of the principal into shares of common stock at a conversion price equal to fifty percent (50%) of the average of the closing bid price of common stock during the five trading days immediately preceding the conversion date, or fifty percent (50%) of the closing bid price of the Common Stock on the date of issuance as quoted by Bloomberg, LP. Pursuant to the terms of this debenture, the holder shall not be entitled to convert a number of shares that would exceed 4.99% of the outstanding shares of the Company's common stock. Based on the initial valuation the Company has recorded a debt discount of $40,000, $4,540 of which has been amortized to interest expense. As of September 30, 2012 $40,000 of the principal face value of the Debenture remains outstanding. In addition, as a consequence of the triggering of the default provision of the debenture the interest on the debenture has been instated at a rate of 18% effective as of the date of issuance. | Mr. Linder has the right to convert all or a portion of the principal into shares of common stock at a conversion price equal to the lesser of fifty percent (50%) of the average of the closing bid price of common stock during the five trading days immediately preceding the conversion date, or fifty percent (50%) of the closing bid price of the Common Stock on the date of issuance as quoted by Bloomberg, LP. Pursuant to the terms of this debenture, the holder shall not be entitled to convert a number of shares that would exceed 4.99% of the outstanding shares of the Company's common stock. Based on the initial valuation the Company has recorded a debt discount of $49,532, $15,994 of which has been amortized to interest expense. As of September 30, 2012 $100,000 of the principal face value of the Debenture remains outstanding. In addition, as a consequence of the triggering of the default provision of the debenture the interest on the debenture has been instated at a rate of 18% effective as of the date of issuance. | iBacking has the right to convert all or a portion of the principal into shares of common stock at a conversion price equal to the lesser of fifty percent (50%) of the lowest closing bid price of common stock during the ten trading days immediately preceding the conversion date, or fifty percent (50%) of the closing bid price of the Common Stock on the date of issuance as quoted by Bloomberg, LP. Pursuant to the terms of this debenture, the holder shall not be entitled to convert a number of shares that would exceed 4.99% of the outstanding shares of the Company's common stock. Based on the initial valuation the Company has recorded a debt discount of $84,651, $21,997 of which has been amortized to interest expense. As of September 30, 2012 $500,000 of the principal face value of the Debenture remains outstanding. In addition, as a consequence of the triggering of the default provision of the debenture the interest on the debenture has been instated at a rate of 18% effective as of the date of issuance. | Junior has the right to convert all or a portion of the principal into shares of common stock at a conversion price equal to fifty percent (50%) of the average of the closing bid price of common stock during the five trading days immediately preceding the conversion date, or fifty percent (50%) of the closing bid price of the Common Stock on the date of issuance as quoted by Bloomberg, LP. Pursuant to the terms of this debenture, the holder shall not be entitled to convert a number of shares that would exceed 4.99% of the outstanding shares of the Company's common stock. Based on the initial valuation the Company has recorded a debt discount of $18,000, $1,512 of which has been amortized to interest expense. As of September 30, 2012 $18,000 of the principal face value of the Debenture remains outstanding. In addition, as a consequence of the triggering of the default provision of the debenture the interest on the debenture has been instated at a rate of 18% effective as of the date of issuance. | ||||||||||||
| Stock issued in conversion of notes payable, shares | 4,100,000 | 1,015,384 | |||||||||||||||||||
| Stock issued in conversion of notes payable, Value | 143,500 | 33,000 | |||||||||||||||||||
| Advance Received For Issuance Of Convertible Debenture | 15,000 | ||||||||||||||||||||
| Proceeds From Issuance Of Convertible Debenture | 5,000 | ||||||||||||||||||||
| Convertible Debentures Redemption Terms | The Holder would redeem based on availability of alternative financing, increasing 1.0% monthly to a maximum of 10% | ||||||||||||||||||||
| Convertible Debentures Stock Price Trigger | $ 0.18 | ||||||||||||||||||||
| Penalty Expenses On Default, Per Day | 500 | ||||||||||||||||||||
| Debt Discount | 50,154 | 20,000 | 20,000 | 25,000 | 33,000 | 40,000 | 49,532 | 84,651 | 18,000 | ||||||||||||
| Interest Expense Amortized | $ 46,155 | $ 17,794 | $ 8,357 | $ 11,292 | $ 8,425 | $ 4,540 | $ 15,994 | $ 21,997 | $ 1,512 | ||||||||||||
Independent Film Development CORP - FORM 10-K - XML - IDEA: XBRL DOCUMENT - January 15, 2013
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