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2. Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Fair value measurements

The following table summarizes fair value measurements by level at December 31, 2013 for assets and liabilities measured at fair value on a recurring basis:

 

   Level 1   Level 2   Level 3   Total 
Cash  $615,469           $615,469 
Derivative liability           39,474    39,474 

 

The following table summarizes fair value measurements by level at December 31, 2012 for assets and liabilities measured at fair value on a recurring basis:

 

   Level 1   Level 2   Level 3   Total 
Cash  $277,565           $277,565 

 

Assumptions used
Market trading lookback days used   11 
Weighted average closing price  $0.2787 
Estimated rate of conversion   60% 
Estimated conversion rate  $0.1672 
Asset retirement obligation
   December 31, 2012   2013 Accretion Expense   December 31, 2013 
                
ARO liability   396,474    37,320    433,794