Quarterly report pursuant to Section 13 or 15(d)

Derivative Liabilities (Tables)

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Derivative Liabilities (Tables)
9 Months Ended
Sep. 30, 2012
Derivative Liabilities Tables  
Derivative Liabilities

Derivative Value by Intrument Type   September 30, 2012     December 31, 2011  
             
Convertible Bridge Notes   $ 2,582,774     $ 747,424  
Common Stock and Warrants     135,507       826,435  
Non-employee Warrants     91,720       -  
    $ 2,810,001     $ 1,573,859  

 

    Total  
Beginning balance January 1, 2010   $ -  
Issuances in derivative value due to new security issuances of notes     319,617  
Change in fair market value of derivative liabilities     14,861  
Beginning balance January 1, 2011   $ 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  
Beginning balance January 1, 2012   $ 1,573,859  
Issuances in derivative value due to new security issuances of notes     2,852,045  
Issuances in derivative value due to vesting of non-employee warrants     475,018  
Adjustment to derivative liability due to debt repayment     (69,332 )
Adjustment to derivative liability due to debt conversion     (1,020,859 )
Change in fair market value of derivative liabilities     (1,000,730 )
Ending balance September 30, 2012   $ 2,810,001