Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 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 June 30, 2012 and December 31, 2011:

	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

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

	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