Beginning And Ending Balances For Financial Instruments (Table)

6 Months Ended

Jun. 30, 2012

Beginning And Ending Balances For Financial Instruments

Beginning And Ending Balances For Financial Instruments

The following table reconciles, for the six months ended June 30, 2012, the beginning and ending balances for financial instruments that are recognized at fair value in the consolidated financial statements:

Balance of embedded conversion derivative liability, December 31, 2011	$	-
Fair value of embedded conversion derivative liabilities at issuance		1,192,127
Loss at issuance		161,100
Gain on fair value adjustments to embedded conversion derivative liabilities		(210,518)
Balance of embedded conversion derivative liabilities, June 30, 2012	$	1,142,709