Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Financial Instruments [Abstract]

Components of derivative assets and liabilities

The following tabular presentation reflects the components of derivative assets and liabilities as of September 30, 2012 and December 31, 2011:

	September 30, 2012		December 31, 2011
Derivative asset at fair value:
Free standing warrants related party	$	187,600	$	388,540
	September 30, 2012		December 31, 2011
Shares into which derivative asset can be settled:
Free standing warrants related party		2,000,000		2,000,000
	September 30, 2012		December 31, 2011
Derivative liability at fair value:
Free standing warrants	$	8,949,412	$	279,302
	September 30, 2012		December 31, 2011
Shares into which derivative liability can be settled:
Free standing warrants		2,246,301		3,246,301

Components of the (loss) gain of derivative financial instruments

The following tabular presentation reflects the components of the (loss) gain of derivative financial instruments for the nine months ended September 30, 2012 and 2011:

	3 months ending September 30, 2012			3 months ending September 30, 2011			9 months ending September 30, 2012			9 months ending September 30, 2012
Derivative (loss) gain in the accompanying statement of operations is related to the individual derivatives as follows:
Free standing warrants assets, related party	$	(213,600	)	$	(124,400	)	$	(200,940	)	$	(832,891	)
Free standing warrants liabilities		(3,311,411	)		2,596,950			(8,670,110	)		3,864,997
	$	(3,525,011	)	$	2,472,550		$	(8,871,050	)	$	3,032,106