Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2013

Third Parties

Summary of Changes in Convertible Debt - Net of Unamortized Discount

The following table provides a summary of the changes in convertible debt – third parties, net of unamortized discount, during the nine months ended September 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	)
Conversion of July 25, 2012 Notes into common stock		(2,555,000	)
Unamortized discount closed to loss on debt extinguishment		1,949,003
Amortization of debt discount to interest expense through September 30, 2013		1,473,168
Balance at September 30, 2013	$	-

Related Party Transactions

Summary of Changes in Convertible Debt - Net of Unamortized Discount

The following table provides a summary of the changes in convertible debt – related parties, net of unamortized discount, during the nine months ended September 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	)
Conversion of July 25, 2012 Notes into common stock		(630,000	)
Unamortized debt discount closed to loss on debt extinguishment		483,678
Amortization of debt discount to interest expense through September 30, 2013		140,186
Balance at September 30, 2013	$	-