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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2014
Accounting Policies [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
we are also restating our December 31, 2013 Balance Sheet as it pertains to the Fair Value of our Warrants, Preferred Series C & D and Convertible Debentures to amounts as stated below from how they were reported as of December 31, 2013 in our 10-K: 
 
 
 
December 31, 2013
 
 
 
December 31, 2013
 
 
 
(as previously reported)
 
Adjustments
 
(Restated)
 
 
 
 
 
 
 
 
 
 
 
 
Derivative Financial Instruments – warrants
 
$
684
 
$
(64)
 
$
620
 
 
 
 
 
 
 
 
 
 
 
 
Derivative Financial Instruments – Series C and D PS and DP
 
$
23,606
 
$
(23,310)
 
$
296
 
 
 
 
 
 
 
 
 
 
 
 
Debentures payable – carried at fair value
 
$
257,451
 
$
(219,201)
 
$
38,250
 
 
 
 
 
 
 
 
 
 
 
 
Total Liabilities
 
$
284,576
 
$
(242,575)
 
$
42,001
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated deficit
 
$
(479,485)
 
$
242,575
 
$
(236,910)
 
 
 
 
 
 
 
 
 
 
 
 
Total shareholders’ deficit
 
$
(284,435)
 
$
242,575
 
$
(41,860)
 
Schedule of Derivative Instruments [Table Text Block]
The table below reflects the changes in restating the derivative liabilities for the three months ended March 31, 2014 (in thousands):
 
Derivative Liability Restatement for the 3 months ended March 31, 2014:
 
 
3 Months. March 31,
2014
 
 
 
 
3 Months. March 31, 2014
 
 
 
(as previously reported)
 
Adjustments
 
(Restated)
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of hybrid financial instruments
 
$
218,656
 
$
(219,201)
 
$
(545)
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of derivative liability – warrants
 
$
437
 
$
(64)
 
$
373
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of derivative liability – Series C & D
 
$
23,447
 
$
(23,310)
 
$
137
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
242,590
 
$
(242,575)
 
$
15
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common shareholders
 
$
242,590
 
$
(242,575)
 
$
15
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income
 
$
242,590
 
$
(242,575)
 
$
15
 
 
Derivative Liability Restatement for the 3 months ended March 31, 2013:
 
 
 
3 Months. March 31,
2013
 
 
 
 
3 Months. March 31, 2013
 
 
 
(as previously reported)
 
Adjustments
 
(Restated)
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of hybrid financial instruments
 
$
6,774
 
$
17,713
 
$
24,487
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of derivative liability – warrants
 
$
3,122
 
$
44
 
$
3,166
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of derivative liability – Series C & D
 
$
(299)
 
$
2,242
 
$
1,943
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
9,038
 
$
19,999
 
$
29,037
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common shareholders
 
$
9,038
 
$
19,999
 
$
29,037
 
 
 
 
 
 
 
 
 
 
 
 
Comprehensive income
 
$
9,149
 
$
19,999
 
$
29,148
 
Schedule Of Derivative Instruments In Statement Of Cash Flows Fair Value [Table Text Block]
Statement of Cash Flow:
 
 
 
3 Months. March 31,
2014
 
 
 
 
3 Months. March 31, 2014
 
 
 
(as previously reported)
 
Adjustments
 
(Restated)
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
242,590
 
$
(242,575)
 
$
15
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of hybrid financial instruments
 
$
(218,656)
 
$
219,201
 
$
545
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of derivative liability – warrants
 
$
(437)
 
$
64
 
$
(373)
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of derivative liability – Series C & D
 
$
(23,447)
 
$
23,310
 
$
(137)
 
 
 
 
 
 
 
 
 
 
 
 
Net cash used in operating activities
 
$
27
 
$
-
 
$
27
 
 
 
 
3 Months. March 31,
2013
 
 
 
 
3 Months. March 31, 2013
 
 
 
(as previously reported)
 
Adjustments
 
(Restated)
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
9,038
 
$
19,999
 
$
29,037
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of hybrid financial instruments
 
$
(6,774)
 
$
(17,713)
 
$
(24,487)
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of derivative liability – warrants
 
$
(3,122)
 
$
(44)
 
$
(3,166)
 
 
 
 
 
 
 
 
 
 
 
 
Gain (loss) from change in fair value of derivative liability – Series C & D
 
$
299
 
$
(2,242)
 
$
(1,943)
 
 
 
 
 
 
 
 
 
 
 
 
Net cash used in operating activities
 
$
(547)
 
$
-
 
$
(547)
 
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The components of basic and diluted income per share attributable to the Company’s common stock shareholders were as follows (in thousands, except share and per share data): 
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2014
 
2013
 
 
 
 
(RESTATED)
 
(RESTATED)
 
Numerator:
 
 
 
 
 
 
 
Net income available to common shareholders
 
$
15
 
$
29,037
 
Effect of dilutive securities:
 
 
 
 
 
 
 
Hybrid financial instruments
 
 
(545)
 
 
(24,487)
 
Derivative liability - warrants
 
 
373
 
 
3,166
 
Derivative liability - Series C and D Convertible
 
 
 
 
 
 
 
Preferred Stock and debentures
 
 
137
 
 
1,943
 
Numerator for diluted income per common share
 
$
(20)
 
$
9,659
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares used to compute basic income per common share
 
 
4,984,827,279
 
 
2,789,315,439
 
Effect of dilutive securities:
 
 
 
 
 
 
 
Hybrid financial instruments
 
 
233,957,214,103
 
 
32,949,714
 
Derivative liability - warrants
 
 
440,652,725
 
 
2,083,292
 
Derivative liability - Series C and D preferred stock and debentures
 
 
26,618,556,701
 
 
3,398,694
 
Denominator for diluted income per common share
 
 
266,001,250,808
 
 
27,931,664,140
 
 
 
 
 
 
 
 
 
Basic income per common share
 
$
0.000
 
$
0.010
 
Diluted income per common share
 
$
0.000
 
$
0.001