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