Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Instruments [Abstract]

Recognized warrants as derivative instruments

As of September 30, 2012, the Company has recognized the following warrants as derivative instruments:

Issue Date	Class/ Series	Price		Outstanding at Dec 31, 2011		Issued/amended		Exercised or Canceled			Outstanding and Exercisable at Sept. 30, 2012		Fair Value at Sept. 30, 2012		Fair Value at Dec 31, 2011
05/07/09*	Class C	$	250 -5,000		177		—		(177	)		—	$	—	$	116
05/07/09*	Class D	$	250 -5,100		83		—		(83	)		—	$	—	$	54
09/08/09	Class G	$	6,250		500		—		(500	)		—	$	—	$	611
04/22/10	Class I	$	5,300		233		—		(233	)		—	$	—	$	289
12/17/10**	Series A	$	.00088		499		141,760,501		(141,761,000	)		—	$	—	$	1,316
12/17/10**	Series C	$	.00088		499		—		(499	)		—	$	—	$	1,316
04/01/11	Series A	$	.00088		963		273,436,037		(273,437,000	)		—	$	—	$	2,572
04/01/11	Series B	$	.00088		2,219		—		(2,219	)		—	$	—	$	1,022
04/01/11	Series C	$	.00088		869		—		(869	)		—	$	—	$	2,322
01/03/12***	New Notes	$	.00088		—		890,375,000		(685,375,000	)		205,000,000	$	198,602	$	—
03/12/12	Additional Notes	$	.00088		—		312,500,000		(91,250,000	)		221,250,000	$	214,123	$	—
					6,042		1,618,071,538		(1,191,827,580	)		426,250,000	$	412,725	$	9,618

* The above table reflects repricing of all warrants to $250 in August 2011, except 27 Class C and 13 Class D warrants which remained at $5,000 and $5,100, respectively.

** Includes warrants issued on March 7, 2011.

*** Includes January notes and each subsequent month’s notes.

Conversion features issued in conjunction with debt as derivative instruments

The Company also recognized certain conversion features issued in conjunction with debt as derivative instruments:

Issue Date	Price		Outstanding at December 31, 2011		Issued		Exercised or Canceled			Outstanding and Exercisable at September 30, 2012		Fair Value at September 30, 2012		Fair  Value at December 31, 2011
April 1, 2011	$	2,000		2,083		—		(2,083	)		—	$	—	$	6,157,299
January 3, 2012	$	.00088		—		406,500,000		—			406,500,000	$	129,121	$	—
March 12, 2012	$	.00088		—		687,500,000		—			687,500,000	$	210,860	$	—
				2,083		1,094,000,000		(2,083	)		1,094,000,000	$	339,981	$	6,157,299

Assumptions related to probability of exercise

The warrants and conversion features above were revalued at September 30, 2012 and December 31, 2011 using a binomial lattice pricing model using certain assumptions related to the probability of exercise and the following:

Risk free interest rate	0.02% - 1.60%
Dividend yield	—
Volatility	205% - 414%
Expected term	3 months to 5 years