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Capital Stock (Tables)
6 Months Ended
Jun. 30, 2013
Series A-1 Preferred Stock [Member]
 
Black-Scholes Pricing Model Assumptions to Determine Fair Value of Warrants
These warrants expire in five years. For purposes of determining the fair value of these warrants, the Black-Scholes pricing model was used with the following assumptions:
 
Risk-free interest rate
1
%
Expected life
5 years
 
Expected volatility
142.36
%
Dividend yield
0
%
Placement Agent Warrants [Member]
 
Black-Scholes Pricing Model Assumptions to Determine Fair Value of Warrants
For purposes of determining the fair value of the warrants exercisable upon shareholder approval of an increase in the Company’s authorized shares, the Black-Scholes pricing model was used with the following assumptions:
 
 
 
May 17, 2013
 
 
June 30, 2013
 
 
Risk-free interest rate
 
 
1.35
%
 
 
1.58
%
 
Expected life
 
 
4 years
 
 
 
4 years
 
 
Expected volatility
 
 
144.63
%
 
 
145.62
%
 
Dividend Yield
 
 
0
%
 
 
0
%