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Derivative Liability (Tables)
3 Months Ended
Mar. 31, 2013
Derivative Liability [Abstract]  
Schedule of Derivative Liabilities


                               

 

 

Derivative Liability at Inception

 

Conversion

 

(Gain) Loss on Derivative Liability

 

Derivative Liability at 3/31/13

 

 

Conversion feature of October 2012 $53,000 Convertible Note

 

 

$

57,089

 

$

-

 

$

(14,501

)

$

60,913

 

(1)

Conversion feature of November 2012 $37,500 Convertible Note

 

 

 

36,545

 

 

-

 

 

(3,704

)

 

48,099

 

(2)

Conversion feature of December 2012 $15,000 Related Party Convertible Note

 

 

 

8,898

 

 

-

 

 

(2,552

)

 

6,346

 

(3)

Conversion feature of February 2013 $47,500 Convertible Note

 

 

 

56,945

 

 

-

 

 

6,381

 

 

63,326

 

(4)

Total

 

 

$

159,477

 

$

-

 

$

(14,376

)

$

178,686

 

Conversion feature of October 2012 $53,000 Convertible Note [Member]
 
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Assumptions Used
 

 

At Inception

 

At March 31, 2013

Risk-free interest rate

 

0.17%

 

0.07%

Expected life in years

 

0.80

 

0.30

Dividend yield

 

0%

 

0%

Expected volatility

 

151.83%

 

200.19%

Conversion feature of November 2012 $37,500 Convertible Note [Member]
 
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Assumptions Used
 

 

At Inception

 

At March 31, 2013

Risk-free interest rate

 

0.17%

 

0.11%

Expected life in years

 

0.80

 

0.43

Dividend yield

 

0%

 

0%

Expected volatility

 

121.17%

 

221.92%

Conversion feature of February 2013 $47,500 Convertible Note [Member]
 
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Assumptions Used
 

 

At Inception

 

At March 31, 2013

Risk-free interest rate

 

0.11%

 

0.06%

Expected life in years

 

0.40

 

0.17

Dividend yield

 

0%

 

0%

Expected volatility

 

213.63%

 

211.26%

Conversion feature of December 2012 $15,000 Related Party Convertible Note [Member]
 
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Assumptions Used
 

 

At Inception

 

At March 31, 2013

Risk-free interest rate

 

0.13%

 

0.13%

Expected life in years

 

0.75

 

0.60

Dividend yield

 

0%

 

0%

Expected volatility

 

190.10%

 

211.19%