v2.4.0.8

Derivative Liabilities (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Liabilities [Abstract]

Summary of weighted-average assumptions of fair value calculations for warrants granted and subsequent revaluation

		Nine Months Ended				Nine Months  Ended
		September 30, 2014				September 30, 2013
Expected dividend yield			0	%			0	%
Expected stock price volatility			142-148	%			90-172	%
Risk-free interest rate			1.62-178	%			.08-1.41	%
Expected life of warrants			2.9-4.5 years				.35-4.84 years
Number of warrants			14,922,000				4,300,351
Fair value of warrants		$	556,070			$	1,232,676

Summary of derivative liabilities fair value measured on a recurring basis

						Fair Value Measurements at September 30, 2014
		Total  Carrying  Value at  September 30, 2014				Quoted  Prices in  Active  Markets  (Level 1)				Significant  Other  Observable  Inputs  (Level 2)				Significant  Unobservable  Inputs  (Level 3)
Derivative liabilities		$	556,070			$	-			$	-			$	556,070

Summary of changes in fair value of Level 3 financial liabilities

		Nine Months Ended September 30, 2014
Beginning balance January 1, 2014		$	775,596
Issuance of derivative financial instruments in 2014			3,020,526
Net unrealized (gain) loss on derivative financial instruments			(3,240,052	)
Ending balance as of September 30, 2014		$	556,070

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a),(b)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

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- Definition

Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (bbb)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

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X

- Definition

Tabular disclosure of derivative liabilities at fair value.

+ References

No definition available.

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