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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Measurements [Abstract]  
Assets And Liabilities Measure At Fair Value On A Recurring Basis By Level

 

 

 

 

 

 

 

 

 

 

Fair Value Measurement Using

 

Total

 

Quoted Prices in
Active Markets
for Identical
Instruments
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

Assets at March 31, 2013:

 

 

 

 

 

 

 

 

         Cash equivalents

$

835 

 

835 

 

—  

 

—  

         Derivative asset

 

1,666 

 

—  

 

—  

 

1,666 

Total assets at fair value

$

2,501 

 

835 

 

—  

 

1,666 

Liabilities at March 31, 2013:

 

 

 

 

 

 

 

 

         Warrants issued December 29, 2008

$

26,008 

 

—  

 

—  

 

26,008 

         Warrants issued May 10, 2012

 

1,961,220 

 

—  

 

—  

 

1,961,220 

          Derivative liability

 

377,043 

 

—  

 

—  

 

377,043 

Total liabilities at fair value:

$

2,364,271 

 

—  

 

—  

 

2,364,271 

Assets at December 31, 2012:

 

 

 

 

 

 

 

 

         Cash equivalents

$

256,702 

 

256,702 

 

—  

 

—  

         Derivative asset

 

1,736 

 

—  

 

—  

 

1,736 

Total assets at fair value

$

258,438 

 

256,702 

 

—  

 

1,736 

Liabilities at December 31, 2012:

 

 

 

 

 

 

 

 

         Warrants issued December 29, 2008

$

71,581 

 

—  

 

—  

 

71,581 

         Warrants issued May 10, 2012

 

2,347,902 

 

—  

 

—  

 

2,347,902 

          Derivative liability

 

548,865 

 

—  

 

—  

 

548,865 

Total liabilities at fair value:

$

2,968,348 

 

—  

 

—  

 

2,968,348 

 

Summary Of Changes In The Fair Value Of The Company's Level 3 Financial Asset And Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Asset

 

Total Assets

 

Warrants issued December 29, 2008

 

Warrants issued May 2012

 

Derivative Liability

 

Total Liabilities

Balance at beginning of period(1)

$       1,736

 

$       1,736

 

$                71,581

 

$           2,347,902

 

$      548,865

 

$   2,968,348

    Settlements

-

 

-

 

-

 

                -  

 

(1,631)

 

($1,631)

    Revaluation

(70)

 

(70)

 

(45,573)

 

(386,682)

 

(170,191)

 

(602,446)

Balance at end of period

$       1,666

 

$       1,666

 

$                26,008

 

$           1,961,220

 

$      377,043

 

$   2,364,271