Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements of Financial Instruments (Tables)

v2.4.0.8
Fair Value Measurements of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2013
Fair Value Measurements Of Financial Instruments Tables  
Assets and liabilities measured at fair value on recurring and non-recurring bases

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2013:

 

Description   Level 1     Level 2     Level 3     Gains (Losses)  
Goodwill (non-recurring)   $ -     $ -     $ 3,108,964     $ (1,066,068 )
Intangibles, net (non-recurring)   $ -     $ -     $ 935,316     $ (644,170 )
Derivative liabilities (recurring)   $ -     $ -     $ 106,176     $ (3,766,231 )
Earn-out payable (recurring)   $ -     $ -     $ 59,000     $ 165,000  

 

The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2012:

 

Description   Level 1     Level 2     Level 3     Gains (Losses)  
Goodwill (non-recurring)   $ -     $ -     $ 2,259,624     $ (742,446 )
Intangibles, net (non-recurring)   $ -     $ -     $ 444,112     $ (145,396 )
Derivative liabilities (recurring)   $ -     $ -     $ 3,074,504     $ 359,530  
Earn-out payable (recurring)   $ -     $ -     $ 2,032,881     $ 625,357