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Note 7 - Derivatives (Tables)
12 Months Ended
Dec. 31, 2013
Note 7 - Derivatives Tables  
Fair value of this derivative liability

The Company used the following assumptions in estimating the fair value of the derivative liabilities on the issuance date through the conversion dates of the debt.

 

   

Issuance

Date

   

December 31,

2012

   

March 30,

2013

   

May 22,

2013

   

June 19,

2013

 
Expected Volatility     51.08 %     52.67 %     40.55 %     38.46 %     25.09 %
Expected Term   0.75 Years     0.6 Years     0.3 Years     0.16 Years     0.1 Years  
Risk Free Interest Rate     0.19 %     0.16 %     0.07 %     0.04 %     0.05 %
Dividend Rate     0 %     0 %     0 %     0 %     0 %

 

The Company determined the assumptions in estimating the fair value of the derivative liabilities on the issuance date and as of June 24, 2013.

 

   

Issuance

Date

   

March 31,

2013

   

June 24,

2013

 
Expected Volatility     50.77 %     49.82 %     29.43 %
Expected Term   0.75 Years     0.45 Years     0.16 Years  
Risk Free Interest Rate     0.11 %     0.11 %     0.06 %
Dividend Rate     0 %     0 %     0 %