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5. Fair Value of Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured on a Non-recurring Basis

The following schedule summarizes the valuation of financial instruments at fair value on a non-recurring basis in the balance sheets as of March 31, 2013 and December 31, 2012:

 

    Fair Value Measurements at March 31, 2013  
    Level 1     Level 2     Level 3  
Assets                        
Intangible assets   $ –     $ –     $ 777,488  
Goodwill     –       –       255,460  
Total assets     –       –       1,032,948  
Liabilities                        
Lines of credit     –       76,003       –  
Capital leases     –       38,237       –  
Long term debts     –       1,111,162       –  
Notes payable, related parties     –       20,868       –  
Convertible debts, net of discount of $66,822     –       173,927       –  
Total Liabilities     –       1,485,042       –  
    $ –     $ (1,485,042 )   $ 1,032,948  

 

    Fair Value Measurements at December 31, 2012  
    Level 1     Level 2     Level 3  
Assets                        
Intangible assets   $ –     $ –     $ 821,150  
Goodwill     –       –       255,460  
Total assets     –       –       1,076,610  
Liabilities                        
Lines of credit     –       77,047       –  
Capital leases     –       43,120       –  
Long term debts     –       1,111,162       –  
Notes payable, related parties     –       22,085       –  
Convertible debts, net of discount of $139,068     –       227,681       –  
Total Liabilities     –       1,481,095       –  
    $ –     $ (1,481,095 )   $ 1,076,610