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Liabilities (Tables)
12 Months Ended
Dec. 31, 2013
Liabilities [Abstract]  
Schedule of Balance of Debentures
As of December 31, 2013 and 2012, the balances of the Debentures are as follows:
 
 
 
December 31,
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
1,129,473
 
$
-
 
Issuance of debentures for cash
 
 
2,122,000
 
 
3,186,000
 
Original issue discount
 
 
111,685
 
 
167,685
 
Debentures surrendered in exchange transactions
 
 
(564,213)
 
 
-
 
Debentures issued in exchange transactions
 
 
626,368
 
 
-
 
Debentures converted to common stock
 
 
(473,684)
 
 
(2,224,212)
 
Convertible debt
 
 
2,951,629
 
 
1,129,473
 
Less unamortized costs of financing
 
 
644,518
 
 
520,851
 
Convertible debt, net of unamortized costs
 
$
2,307,111
 
$
608,622
 
 
 
 
 
 
 
 
 
Convertible debt in default
 
$
1,324,212
 
$
-
 
Schedule of Balances of Derivative Liability
As of December 31, 2013 and 2012, the balances of the Derivative Liability are as follows:
 
 
 
 
 
 
Conversion
 
 
 
 
 
 
Warrants
 
Feature
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Balance at January 1, 2012
 
$
-
 
$
-
 
$
-
 
Liability on issuance of debt and warrants
 
 
2,510,919
 
 
2,167,341
 
 
4,678,260
 
Change in fair value at year end
 
 
(780,875)
 
 
991,912
 
 
211,037
 
Elimination of liability on conversion
 
 
-
 
 
(2,553,737)
 
 
(2,553,737)
 
Balance at December 31, 2012
 
 
1,730,044
 
 
605,516
 
 
2,335,560
 
 
 
 
 
 
 
 
 
 
 
 
Liability on issuance of debt and warrants
 
 
762,111
 
 
929,156
 
 
1,691,267
 
Elimination of liability on conversion
 
 
-
 
 
(107,639)
 
 
(107,639)
 
Change in fair value at period end
 
 
(1,688,671)
 
 
(1,126,094)
 
 
(2,814,765)
 
Balance at December 31, 2013
 
$
803,484
 
$
300,939
 
$
1,104,423