Derivative Liabilities (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2013
Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]    
Schedule Of Fair Value Of Derivative Instruments Conversion Feature [Table Text Block]
The fair value of the conversion feature is summarized as follows:
 
Derivative liability - December 31, 2012
 
$
-
 
Fair value at the commitment date for equity instruments
 
 
8,175,459
 
Fair value at the commitment date for warrants issued
 
 
96,913
 
Fair value mark to market adjustment for equity instruments
 
 
5,716,688
 
Fair value mark to market adjustment for warrants
 
 
55,275
 
Conversion instruments exercised
 
 
(11,675,303)
 
Derivative liability – June 30, 2013
 
$
2,369,032
 
The fair value of the conversion feature is summarized as follows:
 
Derivative liability - December 31, 2010
 
$
622,944
 
Fair value at the commitment date for convertible instruments
 
 
6,590,351
 
Fair value at the commitment date for warrants issued
 
 
5,650,576
 
Fair value at the commitment date for Series A, Preferred Stock issued
 
 
293
 
Fair value mark to market adjustment for convertible instruments
 
 
(2,293,164)
 
Fair value mark to market adjustment for warrants
 
 
(2,868,818)
 
Fair value mark to market adjustment for Series A, Preferred Stock issued
 
 
(118)
 
Reclassification to additional paid in capital for financial instruments that ceased to be a derivative liability
 
 
(640,826)
 
Derivative liability - December 31, 2011
 
 
7,061,238
 
Fair value at the commitment date for debt instruments
 
 
1,096,808
 
Fair value at the commitment date for warrants issued
 
 
7,526,671
 
Fair value mark to market adjustment for debt instruments
 
 
(1,579,663)
 
Fair value mark to market adjustment for warrants
 
 
(4,345,916)
 
Fair value mark to market adjustment for Series C Preferred Stock issued
 
 
(59)
 
Reclassification to additional paid-in capital for financial instruments conversions and maturities
 
 
(4,124,387)
 
Warrant settlements
 
 
(5,634,692)
 
Derivative liability – December 31, 2012
 
$
-
 
Schedule Of Derivative Liabilities Fair Value Assumptions At Commitment and Re-Measurement Date [Table Text Block]
The fair value at the commitment and re-measurement dates for the Company’s derivative liabilities were based upon the following management assumptions:
 
 
 
Commitment Date
 
 
Re-measurement Date
 
 
Expected dividends
 
 
0
%
 
 
0
%
 
Expected volatility
 
 
118% - 123%
 
 
 
107
%
 
Expected term:
 
 
1 year
 
 
 
17 months – 1 year
 
 
Risk free interest rate
 
 
0.14% - 0.15%
 
 
 
0.15
%
 
The fair value at the commitment and re-measurement dates for the Company’s derivative liabilities were based upon the following management assumptions as of December 31, 2012:
 
 
 
Commitment Date
 
 
Re-measurement Date
 
Expected dividends
 
 
0
%
 
 
N/A
 
Expected volatility
 
 
228% -251
%
 
 
N/A
 
Expected term:
 
 
6 months – 4 years
 
 
 
N/A
 
Risk free interest rate
 
 
0.09% - 0.72
%
 
 
N/A
 
 
The fair value at the commitment and re-measurement dates for the Company’s derivative liabilities were based upon the following management assumptions as of December 31, 2011:
 
 
 
Commitment Date
 
 
Re-measurement Date
 
 
Expected dividends
 
 
0
%
 
 
0
%
 
Expected volatility
 
 
150% -226
%
 
 
150% -226
%
 
Expected term:
 
 
0.02 – 5 years
 
 
 
0.02 – 5 years
 
 
Risk free interest rate
 
 
0.06% - 2.76
%
 
 
0.09% - 0.31
%