Quarterly report pursuant to sections 13 or 15(d)

7. Derivative liability (Details Narrative)

7. Derivative liability (Details Narrative) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Derivative Liability [Abstract]
Outstanding warrants		4,412,500
Fair value of derivative liabilities	$ 0	$ 3,221,138

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

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