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DERIVATIVES (Tables)

3 Months Ended

Mar. 31, 2013

Derivatives Tables

Estimated fair values of liabilities

		Note Inception Date				March 31, 2013				December 31, 2012

Volatility			251% - 257	%			307	%			251	%
Expected Term		0.17 - 0.5 years				0.17 - 0.67 years				0.08 – 0.46 years
Risk Free Interest Rate			0.33	%			0.27	%			0.32	%

Initial fair value on note inception date and changes in fair value

The following reflects the initial fair value on the note inception date and changes in fair value through March 31, 2013:

Note inception date fair value allocated to debt discount		$	483,317
Note inception date fair value allocated to other expense			23,132
Change in fair value in 2011- (gain) loss			(73,402)
Embedded conversion option derivative liability fair value on December 31, 2012			433,047
Change in fair value in 2012-(gain) loss			(362,343)
Embedded conversion option derivative liability fair value on December 31, 2012			70,704
Change in fair value for the three months ended March 31, 2013 – (gain) loss			(12,848)
Embedded conversion option derivative liability fair value on March 31, 2013		$	57,856

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by 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 (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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