Annual report pursuant to Section 13 and 15(d)

Derivative Liabilities (Tables)

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Derivative Liabilities (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Liabilities Tables  
Derivative liabilities by instrument type

The following table presents the derivative liabilities by instrument type as of December 31, 2012 and 2011:

 

Derivative Value by Instrument Type   December 31, 2012     December 31, 2011  
             
Convertible Bridge Notes   $ 2,850,085     $ 747,424  
Common Stock and Warrants     129,378       826,435  
Non-employee Warrants     95,041       -  
    $ 3,074,504     $ 1,573,859  

 

Derivative Liabilities

The following table presents details of the Company’s derivative liabilities as of December 31, 2012 and 2011:

 

    Total  
Balance December 31, 2010   $ 334,478  
Issuances in derivative value due to new security issuances of notes     149,197  
Issuances in derivative value due to new security issuances of common stock and warrants     1,185,150  
Conversion of bridge notes into common stock and warrants     (143,961)
Change in fair market value of derivative liabilities     48,995  
Balance December 31, 2011     1,573,859  
Issuances in derivative value due to new security issuances of notes     5,352,404  
Issuances in derivative value due to allonges     118,633  
Issuances in derivative value due to vesting of non-employee warrants       485,700  
Adjustment to derivative liability due to debt repayment     (129,139)
Adjustment to derivative liability due to debt conversion     (3,361,772)
Adjustment to derivative liability due to warrant cancellation     (1,318)
Change in fair market value of derivative liabilities     (963,863)
Balance December 31, 2012   $ 3,074,504