Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value of Financial Instruments [Abstract]

Schedule of Assets and Liabilities Measured on a Non-recurring Basis

	Fair Value Measurements at June 30, 2012
	Level 1		Level 2			Level 3
Assets
Intangible assets	$	-	$	-		$	908,474
Goodwill		-		-			255,460
Total assets							1,163,934
Liabilities
Seller financed promissory note, MSHSC Note		-		-			124,697
Convertible debt, net of discount of $-0-		-		59,500			-
Total Liabilities		-		59,500			124,697
	$	-	$	(59,500	)	$	1,039,237

	Fair Value Measurements at December 31, 2011
	Level 1		Level 2			Level 3
Assets
Intangible assets	$	-	$	-		$	576,598
Goodwill		-		-			140,833
Total assets							717,431
Liabilities
Convertible debt, net of discount of $14,978		-		64,522			-
Total Liabilities		-		64,522			-
	$	-	$	(64,522	)	$	717,431

- Definition

Tabular disclosure of assets and liabilities by class, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). The disclosures that may be required or desired include: (a) the fair value measurements recorded during the period and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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