Annual report pursuant to Section 13 and 15(d)

Derivative Liabilities (Tables)

v2.4.0.8
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, 2013 and 2012:

 

    December 31,  
Derivative Value by Instrument Type   2013     2012  
Convertible Bridge Notes   $ -     $ 2,850,085  
Common Stock and Warrants     106,176       129,378  
Non-employee Warrants     -       95,041  
    $ 106,176     $ 3,074,504  

 
Derivative Liabilities

The following table presents details of the Company’s derivative liabilities from December 31, 2011 to December 31, 2013:

 

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 vesting of non-employee warrants     485,700  
Issuances in derivative value due to allonges      118,633  
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  
Issuances in derivative value due to new security issuances of notes     4,614,714  
Issuances in derivative value due to vesting of non-employee warrants     26,969  
Adjustment to derivative liability due to note repayment     (40,511 )
Adjustment to derivative liability due to note conversion into new notes     (3,152,786 )
Adjustment to derivative liability due to note conversion into equity     (7,923,875 )
Adjustment to derivative liability due to non-employee warrant conversion     (176,555 )
Adjustment to derivative liability due to warrant exercises     (55,546 )
Change in fair value of derivative liabilities     3,739,262  
Balance December 31, 2013                                                                                                                    $   106,176