Quarterly report pursuant to sections 13 or 15(d)

7. Derivative liability (Tables)

v2.4.0.8
7. Derivative liability (Tables)
6 Months Ended
Jun. 30, 2013
Derivative Liability [Abstract]  
The derivative liabilities were valued using a probability weighted average series of Black-Scholes-Merton models

 

    Fair Value of Warrants  
    January 15,
2013
    December 31,
2012
 
Risk-free interest rate     0.09%     0.02%
Expected volatility     165%     165%
Expected life (in years)     0.04       0.04  
Expected dividend yield     0%     0%
Fair Value - 2009 Fall Warrants   $ 3,441,752     $ 3,221,138