DERIVATIVE WARRANT LIABILITY (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Warrant Liability Tables

Derivative warrant liability

 The table below presents the changes in the Level 3 Derivative Warrant Liability measured for the six months ended June 30, 2013 and 2012:

	2013			2012
Derivative Warrant Liability as of January 1	$	5,585,141		$	1,035,337
Total unrealized losses included in net loss (1)		781,682			—
Total unrealized gains included in net loss (1)		(5,305,000	)		(539,648	)
Total realized gains included in net loss (1)		(152,668	)		(61,633	)
Reclassification of derivative warrant liability to additional paid-in capital for derivative warrants exercised		—			(41,520	)
Derivative Warrant Liability as of June 30	$	909,155		$	392,536
(1) Included in Gain on Revaluation of Derivative Warrant Liability in the Consolidated Statement of Operations.