7. Derivative liability (Details Narrative) (USD $)
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3 Months Ended | |
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Mar. 31, 2013
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Dec. 31, 2012
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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 |
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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
Decrease in the fair value of the derivative or group of derivatives included in earnings in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The difference between the reacquisition price and the net carrying amount of the extinguished debt recognized currently as a component of income in the period of extinguishment, net of tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Custom Element. No definition available.
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