7. Derivative Liability (Details Narrative) (USD $)
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12 Months Ended | 190 Months Ended | ||
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2011
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Dec. 31, 2013
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Derivative Liability [Abstract] | ||||
Fair value of derivative liabilities | $ 0 | $ 3,221,138 | $ 1,643,139 | $ 0 |
Change in fair value of derivative liability | (220,614) | (4,023,094) | 2,021,536 | (2,115,507) |
Gain on extinguishment of derivative liability | $ 3,441,752 | $ 2,445,095 | $ 0 | $ 5,886,847 |
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- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period in the carrying value of derivative instruments reported as liabilities that are due to be disposed of within one year (or the normal operating cycle, if longer). No definition available.
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