Quarterly report pursuant to sections 13 or 15(d)

7. Derivative liability (Details Narrative)

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7. Derivative liability (Details Narrative) (USD $)
3 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Derivative Liability    
Warrants remain outstanding   4,412,500
Fair value of derivative liabilities    $ 3,221,138
Loss on the change in fair value of derivatives 220,614  
Gain related to the extinguishment of derivative liability $ 3,441,752