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Fair Value of Financial Instruments (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Fair Value Disclosures [Abstract]    
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

 
Level 1
   
Level 2
   
Level 3
   
Total
 
June 30, 2013
                       
Financial Assets:
                       
Cash and cash equivalents
  $ 3,035,998     $     $     $ 3,035,998  
                                 
Total assets
  $ 3,035,998     $     $     $ 3,035,998  
                                 
Financial Liabilities:
                               
Warrant derivative liabilities
  $     $     $ 701,857     $ 701,857  
                                 
Conversion element of promissory notes
                439       439  
                                 
Conversion element of Series B CPS
                1,213,727       1,213,727  
                                 
Series A CPS derivative liabilities
                770,641       770,641  
                                 
Total liabilities
  $     $     $ 2,686,664     $ 2,686,664  

 
Level 1
   
Level 2
   
Level 3
   
Total
 
December 31, 2012
                       
Financial Assets:
                       
Cash and cash equivalents
  $ 6,328,753     $     $     $ 6,328,753  
                                 
Total assets
  $ 6,328,753     $     $     $ 6,328,753  
                                 
Financial Liabilities:
                               
Warrant derivative liabilities
  $     $     $ 102,695     $ 102,695  
                                 
Conversion element of promissory notes
                274,928       274,928  
                                 
Conversion element of Series B CPS
                1,210,909       1,210,909  
                                 
Series A CPS derivative liabilities
                619,652       619,652  
                                 
Total liabilities
  $     $     $ 2,208,184     $ 2,208,184  

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

6,328,753

 

$

 

$

 

$

6,328,753

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

6,328,753

 

$

 

$

 

$

6,328,753

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrant derivative liabilities

 

$

 

$

 

$

102,695

 

$

102,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conversion element of promissory notes

 

 

 

 

 

 

274,928

 

 

274,928

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conversion element of Series B CPS

 

 

 

 

 

 

1,210,909

 

 

1,210,909

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series A CPS derivative liabilities

 

 

 

 

 

 

619,652

 

 

619,652

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

$

 

$

 

$

2,208,184

 

$

2,208,184

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

15,117,172

 

$

 

$

 

$

15,117,172

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

$

15,117,172

 

$

 

$

 

$

15,117,172

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrant derivative liabilities

 

$

 

$

 

$

655,219

 

$

655,219

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conversion element of promissory notes

 

 

 

 

 

 

1,931,295

 

 

1,931,295

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conversion element of Series B CPS

 

 

 

 

 

 

1,245,101

 

 

1,245,101

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series A CPS derivative liabilities

 

 

 

 

 

 

2,135,715

 

 

2,135,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

$

 

$

 

$

5,967,330

 

$

5,967,330

 

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

 
     
Conversion
                   
         
Element of
   
Conversion
             
   
Warrant
   
Promissory
   
Element of
   
Series A CPS
       
   
Derivatives
   
Notes
   
Series B CPS
   
Derivatives
   
Total
 
                               
Balance at January 1, 2013
  $ 102,695     $ 274,928     $ 1,210,909     $ 619,652     $ 2,208,184  
Issuances
                             
Revaluation (gains) losses included in other income and (expenses)
    599,162       (274,489 )     2,818       150,989       478,480  
Settlements
                             
Balance at June 30, 2013
  $ 701,857     $ 439     $ 1,213,727     $ 770,641     $ 2,686,664  
                                         
Total gains (losses) included in other income and (expenses) attributable to liabilities still held as of June 30, 2013
  $ (599,163 )   $ 274,489     $ (2,818 )   $ (150,989 )   $ (478,481 )

 
     
Conversion
                   
         
Element of
   
Conversion
             
   
Warrant
   
Promissory
   
Element of
   
Series A CPS
       
   
Derivatives
   
Notes
   
Series B CPS
   
Derivatives
   
Total
 
                               
Balance at January 1, 2012
  $ 655,219     $ 1,931,295     $ 1,245,101     $ 2,135,715     $ 5,967,330  
Issuances
                             
Revaluation (gains) losses included in other income and (expenses)
    (325,805 )     (1,529,374 )     82,668       (789,680 )     (2,562,191 )
Settlements
                             
Balance at June 30, 2012
  $ 329,414     $ 401,921     $ 1,327,769     $ 1,346,035     $ 3,405,139  
                                         
Total gains (losses) included in other income and (expenses) attributable to liabilities still held as of June 30, 2012
  $ 325,805     $ 1,529,374     $ (82,668 )   $ 789,680     $ 2,562,191  

 

 

 

 

Conversion

 

 

 

 

 

 

 

 

 

 

 

Element of

 

Conversion

 

 

 

 

 

 

 

Warrant

 

Promissory

 

Element of

 

Series A CPS

 

 

 

 

 

Derivatives

 

Notes

 

Series B CPS

 

Derivatives

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2012

 

$

655,219

 

$

1,931,295

 

$

1,245,101

 

$

2,135,715

 

$

5,967,330

 

Issuances

 

 

 

 

 

 

 

 

 

 

 

Revaluation (gains) losses included in other income and expenses

 

 

(552,524

)

 

(1,656,367

)

 

(34,192

)

 

(1,516,063

)

 

(3,759,146

)

Settlements

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2012

 

$

102,695

 

$

274,928

 

$

1,210,909

 

$

619,652

 

$

2,208,184

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total gains (losses) included in other income and expenses attributable to liabilities still held as of December 31, 2012

 

$

552,524

 

$

1,656,367

 

$

34,192

 

$

1,516,063

 

$

3,759,146

 

 

 

 

 

Conversion

 

 

 

 

 

 

 

 

 

 

 

Element of

 

Conversion

 

 

 

 

 

 

 

Warrant

 

Promissory

 

Element of

 

Series A CPS

 

 

 

 

 

Derivatives

 

Notes

 

Series B CPS

 

Derivatives

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2011

 

$

2,240,962

 

$

 

$

194,088

 

$

 

$

2,435,050

 

Issuances

 

 

 

 

11,495,163

 

 

 

 

2,198,828

 

 

13,693,991

 

Revaluation (gains) losses included in other income and expenses

 

 

(1,269,940

)

 

(8,989,945

)

 

1,051,013

 

 

(63,113

)

 

(9,271,985

)

Settlements

 

 

(315,803

)

 

(573,923

)

 

 

 

 

 

(889,726

)

Balance at December 31, 2011

 

$

655,219

 

$

1,931,295

 

$

1,245,101

 

$

2,135,715

 

$

5,967,330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total gains (losses) included in other income and expenses attributable to liabilities still held as of December 31, 2011

 

$

1,324,165

 

$

8,989,945

 

$

(1,051,013

)

$

63,113

 

$

9,326,210