DERIVATIVE WARRANT LIABILITY (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Warrant Liability Tables

Derivative warrant liability

The table below presents the changes in the Level 3 Derivative Warrant Liability measured for the three months ended March 31, 2013 and 2012:

	2013			2012
Derivative Warrant Liability as of January 1	$	5,585,141		$	1,035,337
Total unrealized losses included in net loss (1)		741,682			—
Total unrealized gains included in net loss (1)		(2,270,000	)		(231,543	)
Total realized gains included in net loss (1)		(152,668	)		—
Derivative Warrant Liability as of March 31	$	3,904,155		$	803,794
(1) Included in Gain on Revaluation of Derivative Warrant Liability in the Consolidated Statement of Operations.