| 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 |
|
|