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EXCEL - IDEA: XBRL DOCUMENT - BLUEGATE CORPFinancial_Report.xls
10-K - ANNUAL REPORT ON FORM 10-K - BLUEGATE CORPbgat10k2012.htm
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v2.4.0.6
Related Party Transactions (Details Narrative) (USD $)
12 Months Ended 60 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Related Party Transactions [Abstract]      
Credit line issuer     SAI Corporation ("SAIC"), a corporation controlled by our CEO, Stephen J. Sperco
Date of issuance of line of credit     Dec. 31, 2007
Initial amount of secured line of credit     $ 500,000
Current amount of secured line of credit 1,245,000 1,200,000 1,230,000
Line of credit due date     Principal and interest payable on demand. Payments due monthly until paid in full.
Line of credit interest rate     15.00%
Late payment penalty     $10,000 penalty for late payment
Late payment penalty date     15 days after due date
Draws against credit line in this period 45,000   45,000
Interest expense (303,810) (293,760)  
Accrued interest on the note payable to SAIC $ 394,132 $ 90,322