Fair Value Of Derivative Warrant Liabilities Using American Option Binomial Model (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value Of Derivative Warrant Liabilities Using American Option Binomial Model

Fair Value Of Derivative Warrant Liabilities Using American Option Binomial Model

The Company estimates the fair value of the derivative warrant liabilities by using the American Option Binomial Model, a Level 3 input, with the following assumptions used:

Dividend yield:	1%
Expected volatility	283.86% to 549.88%
Risk free interest rate	.31% to 1.04%
Expected life (years)	1.00 to 5.00