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Derivative Liabilities (Details Narrative) (USD $)
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3 Months Ended | 6 Months Ended | |||
|---|---|---|---|---|---|
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Jun. 30, 2012
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Jun. 30, 2011
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Jun. 30, 2012
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Jun. 30, 2011
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Dec. 31, 2011
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| Subscription agreement, common share price | $ 1.5 | ||||
| Subscription agreement, warrant exercise price | $ 2 | ||||
| Current derivative liabilities | $ 2,910,776 | $ 2,910,776 | $ 1,573,859 | ||
| change in fair value of derivative liabilities | 654,477 | (154,104) | 193,990 | (584,506) | |
| Estimated Probability of future financing | $ 1 | ||||
| Computed volatility rate | 65.00% | ||||
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CommonStockAndWarrantsMember | MinimumMember
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| Risk free rate | 3.00% | ||||
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CommonStockAndWarrantsMember | MaximumMember
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| Risk free rate | 78.00% | ||||
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NonEmployeeWarrantsMember | MinimumMember
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| Computed volatility rate | 65.00% | ||||
| Risk free rate | 30.00% | ||||
| Expected life (years) | 3 years | ||||
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NonEmployeeWarrantsMember | MaximumMember
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| Computed volatility rate | 73.00% | ||||
| Risk free rate | 104.00% | ||||
| Expected life (years) | 8 years | ||||
| X | ||||||||||
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- Definition
Custom Element. No definition available.
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- Definition
Custom Element. No definition available.
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- Definition
Custom Element. No definition available.
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- Definition
Custom Element. No definition available.
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- Definition
Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, and which are expected to be extinguished or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period in the carrying value of derivative instruments reported as liabilities that are due to be disposed of within one year (or the normal operating cycle, if longer). No definition available.
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| X | ||||||||||
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- Definition
The range of expected volatilities used and the weighted-average expected volatility for an entity using a valuation technique with different volatilities during the contractual term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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