XML 25 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
DERIVATIVE LIABILITY (Tables)
12 Months Ended
Dec. 31, 2012
Fair value of the embedded derivative liabilities

The fair value of the embedded derivative liability was calculated at December 31, 2012 utilizing the following assumptions:

 

Note date   June 15, 2012  
Note amount   $ 83,500  
Stock price at convertible date   $ 0.0022  
Expected life (years)     .21  
Risk free interest rate     .05 %
Volatility     518.08 %
Initial derivative value   $ 214,807  
Conversion [Member]
 
Fair value of the embedded derivative liabilities

The fair value of the embedded derivative liabilities were calculated at the conversion commencing dates utilizing the following assumptions:

 

Note date   September 7, 2011     November 14, 2011     February 13, 2012     June 15, 2012  
Note amount   $ 50,000     $ 32,500     $ 27,500     $ 83,500  
Stock price at convertible date   $ 0.035     $ 0.011     $ 0.035     $ 0.001  
Expected life (years)     .5       .5       .25       .25  
Risk free interest rate     .14 %     .15 %     .10 %     .07 %
Volatility     142.25 %     215.97 %     234.41 %     364.13 %
Initial derivative value   $ 78,107     $ 58,991     $ 39,363     $ 185,989