XML 44 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Fair Value Disclosures [Abstract]    
Fair Value Inputs Liability Quantitative Information [Table Text Block]

The carrying amounts of the liabilities measured at fair value are as follows:

 

Description Level 1  Level 2  Level 3  Total 
             
Liabilities at March 31, 2013:                
Embedded conversion options $  $  $591,078  $591,078 
                 
                 
Total measured at fair value $  $  $591,078  $591,078 
                 
Liabilities at December 31, 2012:                
Embedded conversion options $  $  $780,960  $780,960 
                 
                 
Total measured at fair value $  $  $780,960  $780,960
The carrying amounts of the derivative liabilities are as follows:

 

Description Level 1  Level 2  Level 3  Total 
             
Liabilities at December 31, 2012:                
Embedded conversion options $  $  $780,960  $780,960 
                 
Total measured at fair value $  $  $780,960  $780,960 
                 
Liabilities at December 31, 2011:                
Embedded conversion options $  $  $1,823,207  $1,823,207 
                 
Total measured at fair value $  $  $1,823,207  $1,823,207 
                 
Liabilities at December 31, 2010:                
Embedded conversion options $  $  $1,812,447  $1,812,447 
                 
Total measured at fair value $  $  $1,812,447  $1,812,447 
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table sets forth a summary of changes in the fair value of Level 3 liabilities for the three months ended March 31, 2013:

 

Balance at
December 31,
2012
  Established in
2012
  Modification
of Convertible
Debt Agreement
  Conversion to
Common Stock
  Change in
Fair Value
  Effect of
Extinguishment
of Debt
  Balance at
March 31,
2013
 
                    
$780,960  $  $250,361  $(68,994) $(193,093) $(178,156) $591,078
The following tables set forth a summary of changes in the fair value of Level 3 liabilities for the year ended December 31, 2012 and 2011:

 

Description Balance at 
December 31, 
2011
  Established in 2012  Conversion to 
Common
Stock
  Change in
Fair Value
  Reclass to Equity  Balance at 
December 31,
2012
 
Derivative liabilities:                        
Embedded conversion options $1,823,207  $  $(549,936) $(492,311) $  $780,960 
Contingent consideration $  $11,109,020  $  $4,334,932  $(15,443,952) $ 

 

Description Balance at 
December 31,
2010
  Established in 
2011
  Modification of 
Warrant Agreements
  Conversion to 
Common Stock
  Change in
Fair Value
  Balance at 
December 31,
2011
 
Derivative liabilities:                        
Stock purchase warrants $1,812,447  $  $(1,434,322) $  $(378,125) $ 
Embedded conversion options $  $2,085,513  $  $(169,965) $(92,341) $1,823,207