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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2012
Summary Of Significant Accounting Policies Tables  
Discontinued operations
    2012     2011  
                 
Revenue   $ 728,312     $ 820,925  
                 
Direct cost and operating expense     (417,428)     (388,065)
Selling, general and administrative expense     (1,279,875)     (816,389)
Loss from discontinued operations before taxes   $ (968,991)   $ (383,529)

 

Change in level 3 fair value

The following table summarizes the activity of Level 3 inputs measured on a recurring basis for the year ended December 31, 2012:

   Fair Value Measurements of Warrants Using Significant Unobservable Inputs (Level 3)
Balance at December 31, 2011 (Restated)  $3,125,000 
      
Change in fair value of Warrant Liability   (2,208,000)
      
Balance at December 31, 2012  $917,000 
Diluted earning per share Calculation
 Diluted earnings per share Calculation   December 31, 2012     December 31, 2011  
                 
Net (loss) income   $ (3,857,024)   $ 19,585  
Less other income from change in fair value of warrants assumed exercised     --       (730,862)
Adjusted net loss   $ (3,857,024)   $ (711,277)
                 
Diluted shares outstanding                
Weighted average shares outstanding,     273,567       131,285  
Shares assumed exercised     --       7,061  
Diluted shares outstanding     273,567       138,346  
                 
Net loss per share, diluted   $ (14.10)   $ (5.14)