15. Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2013

Shareholders Deficit

Common stock outstanding

	Number of Common Shares
Balance at December 31, 2012		890,837
Conversion of Series E Preferred to common stock		1,575,000
Shares issued for acquisition		1,150,116
Conversion of warrants to common stock		1,023,264
Conversion of debt to common stock		576,331
Issuance of shares for advisory agreements		243,250
Issuance of shares to third party for assumption of liabilities		200,000
Issuance of common stock for cash		142,501
Other		12,486
Balance at December 31, 2013		5,813,785

Stock Options- Assumptions

The Black Scholes expense for these March 27, 2013 options was calculated using the following assumptions. The fair value of the underlying common stock was based on the sale of 139,167 shares of common stock at $3.00 by the Company during the three months ended June 30, 2013.

Estimated fair value of underlying common stock	$3.00
Remaining life	5.0
Risk-free interest rate	0.35%
Expected volatility	141%
Dividend yield	–

The Black Scholes expense for these 2012 options was calculated using the following assumptions. The fair value of the underlying common stock was determined by closing price on the Bulletin Board stock exchange.

Estimated fair value of underlying common stock	$35.00 - $38.00
Remaining life	5.0
Risk-free interest rate	0.69% - 0.80%
Expected volatility	80% - 89%
Dividend yield	–

Stock Options - Activity

	Options Outstanding									Options Exercisable
						Weighted							Weighted
						Average		Weighted					Average		Weighted
				Range of		Remaining		Average					Remaining		Average
	Options			Exercise		Life in		Exercise		Options			Life in		Exercise
	Outstanding			Prices		Years		Price		Exercisable			Years		Price
As of December 31, 2011		121,699		$14.00 - $150.00			2.9		$49.00		87,577			2.9	$	40.00
Cancelled		(72,763	)		–		–		–		(46,610	)		–		–
Exercised		–			–		–		–		–			–		–
Granted		30,500		$35.00 - $38.00			4.2		$36.00		16,343			4.2	$	36.00
As of December 31, 2012		79,436		$35.00 - $54.00			3.0		$46.00		57,310			2.6	$	48.00
Cancelled		–			–		–		–		–			–		–
Exercised		–			–		–		–		–			–		–
Granted		310,000			$3.00		4.2		$3.00		310,000			4.2		$3.00
As of December 31, 2013		389,436			$0.03 - $0.54		3.9		$11.77		367,310			3.9		$11.10

Warrants -Assumptions

The Black Scholes expense for these March 27, 2013 warrants was calculated using the following assumptions. The fair value of the underlying common stock was based on the sale of 139,167 shares of common stock at $3.00 by the Company during the three months ended June 30, 2013.

Estimated fair value of underlying common stock	$3.00
Remaining life	5.0
Risk-free interest rate	0.35%
Expected volatility	141%
Dividend yield	–

The Black Scholes expense for these 2012 warrants was calculated using the following assumptions. The fair value of the underlying common stock was determined by closing price on the Bulletin Board stock exchange. 

Estimated fair value of underlying common stock	$38.00 - $75.00
Remaining life	5.0
Risk-free interest rate	0.74% - 1.80%
Expected volatility	84% - 132%
Dividend yield	–

Warrants - Summary

	Warrants Outstanding									Warrants Exercisable
						Weighted							Weighted
						Average		Weighted					Average		Weighted
				Range of		Remaining		Average					Remaining		Average
	Warrants			Exercise		Life in		Exercise		Warrants			Life in		Exercise
	Outstanding			Prices		Years		Price		Exercisable			Years		Price
As of December 31, 2011		595,302		$65.00 - $200.00			3.2		$200.00		595,302			3.2		$200.00
Exercised		–			–		–		–		–			–		–
Ratchet-down impact		569,917			$30.00		–		$30.00		569,917			–		$30.00
Granted		157,633		$30.00 - $75.00			4.3		$38.00		103,883			4.3		–
As of December 31, 2012		1,322,852		$30.00 - $200.00			3.2		$40.00		1,269,102			3.2		$38.00
Exercised		(978,700	)		$30.00		–		$30.00		(939,950	)		–		$30.00
Ratchet-down impact		–			–		–		–		–			–		–
Granted		173,917			$3.00		4.2		$3.00		173,917			4.2		$3.00
As of December 31, 2013		518,069		$3.00 - $200.00			3.3		$44.07		503,069			3.3		$44.07