XML 102 R41.htm IDEA: XBRL DOCUMENT v2.4.1.9
15. WARRANTS (Tables)
12 Months Ended
Dec. 31, 2014
Warrants Tables  
Warrants outstanding
    Grant Date   Number of
Warrants 
 on Grant 
Date
    Initial Fair
Value
    Exercise
Price
    Number of
Warrants
Outstanding
    Fair Value  
                                             
January Private Placements:   January 7, 2014     108,000     $ 5,751,000     $ 75.00       10,800,000     $ 11,787,120  
    January 14, 2014     23,000       1,449,000       75.00       2,300,000       2,510,220  
    January 31, 2014     20,000       1,671,000       75.00       2,000,000       2,182,800  
                                             
February Private Placements   February 28, 2014     214,000       22,116,900       75.00       21,400,000       23,433,000  
Exchanged Notes   July 17, 2014     53,846       129,230       150.00       3,590       10,960  
                                             
Unit Offerings:                                            
    April 30, 2014     8,051       394,911       97.50       1,046,656       1,152,054  
    June 19, 2014     2,340       87,404       97.50       304,217       336,267  
    July 16, 2014     7,901       248,890       101.25       7,901       3,559  
    July 16, 2014     8,552       89,484       97.50       1,111,699       919,412  
Advisory Services:                                            
    December 27, 2013     465,000       16,600,500       135.75       39,978,363       43,488,463  
    December 31, 2013     6,667       -       135.75       6,667       7,255  
    February 28, 2014     25,550       2,640,593       75.00       2,555,000       2,795,426  
    February 28, 2014     33,333       3,445,000       150.00       3,333,333       3,648,000  
    April 1, 2014     93,722       3,655,166       90.00       11,246,664       12,343,776  
    April 22, 2014     5,698       175,228       135.00       1,025,724       1,128,091  
    April 22, 2014     4,600       110,400       135.00       -       -  
    May 16, 2014     61,200       2,423,520       90.00       7,344,000       8,094,557  
    May 30, 2014     124       74,200       90.00       224,000       247,229  
    June 3, 2014     4,603       171,234       97.50       598,399       660,722  
    August 1, 2014     46,667       434,000       100.20       6,234,667       6,915,804  
    December 31, 2014     2,000,000       2,555,400       0.75       2,000,000       2,233,200  
                                             
          3,192,854     $ 64,223,060               113,520,880     $ 123,897,915  
Summary of changes in our warrants
    Warrants     Warrant
Liability
    Loss recognized on
fair value adjustment
for the year ended
December 31, 2014
 
December 31, 2013     471,667     $ 16,600,500       (71,506,802 )
                         
Issued:                        
Fields Texas and FTX     2,037,933       5,788,600       (3,851,000 )
Other advisory warrants     3,569,283       28,319,464       (23,158,399 )
Private Placements     27,923       31,117,131       (8,806,969 )
Warrants issue with common stock     1,790       771,551       (1,175,671 )
                         
Antidilution Adjustment     151,427,441                  
                         
Exercised:                        
Fields Texas and FTX     (698,861 )     (4,248,688 )        
                         
Cancelled:                        
Fields Texas and FTX     (43,316,296 )     (47,246,863 )     (110,400 )
                         
Mark-to-market adjustment             109,396,720          
                         
December 31, 2014     113,520,880     $ 123,897,915     $ (108,609,241 )
Fair value adjustments related to the advisory agreement warrants
Advisory agreement warrants   $ 82,026,592  
Warrants issued with private placements     39,924,100  
         
    $ 121,950,692