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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2012
Derivative Financial Instruments [Abstract]  
Components of derivative assets and liabilities
                 
    June 30,
2012
    December 31,
2011
 

Derivative asset at fair value:

               

Free standing warrants related party

  $ 401,200     $ 388,540  
   

 

 

   

 

 

 

 

                 
    June 30,
2012
    December 31,
2011
 

Shares into which derivative asset can be settled:

               

Free standing warrants related party

    2,000,000       2,000,000  
   

 

 

   

 

 

 

 

                 
    June 30,
2012
    December 31,
2011
 

Derivative liability at fair value:

               

Free standing warrants

  $ 5,638,001     $ 279,302  
   

 

 

   

 

 

 
Components of the gain (loss) of derivative financial instruments
                 
    June 30,
2012
    June 30,
2011
 

Shares into which derivative liability can be settled:

               

Free standing warrants

    2,246,301       3,721,301  
   

 

 

   

 

 

 
     
    June 30,
2012
    June 30,
2011
 

Derivative income (expense) in the accompanying statement of operations related to the derivatives as follows:

               

Free standing warrants assets, related party

  $ 12,660     ($ 708,231

Free standing warrants liability

    (5,358,699     1,267,787  
   

 

 

   

 

 

 
    ($ 5,346,039   $ 559,556