Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2013

Summary of Changes in Convertible Debt - Third Parties, Net of Unamortized Discount

The following table provides a summary of the changes in convertible debt – third parties, net of unamortized discount, during the quarter ended June 30, 2013:

Balance at December 31, 2012	$	318,658
January 2013 Notes, face value		550,000
Discount on beneficial conversion feature of January 2013 Notes at issuance		(120,009	)
Discount on fair value of Series J warrant liability at issuance		(165,820	)
Repayment of January 23, 2013 Notes		(450,000	)
Conversion of January 23, 2013 Notes into common stock……………………………		(100,000	)
Conversion of July 25, 2012 Notes into common stock……..…………………………		(900,000	)
Amortization of debt discount to interest expense through June 30, 2013		1,285,872
Balance at June 30, 2013	$	418,701

Related Party Transactions

Summary of Changes in Convertible Debt - Third Parties, Net of Unamortized Discount

The following table provides a summary of the changes in convertible debt – related parties, net of unamortized discount, during the quarter ended June 30, 2013:

Balance at December 31, 2012	$	58,105
January 2013 Notes, face value		100,000
Discount on beneficial conversion feature of January 2013 Notes at issuance		(21,820	)
Discount on fair value of Series J warrant liability at issuance		(30,149	)
Repayment of January 23, 2013 Notes		(100,000	)
Amortization of debt discount to interest expense through June 30, 2013		97,105
Balance at June 30, 2013	$	103,241