The following table summarizes the changes in fair value of the Company's Level 3 financial instruments (Details) (USD $)
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12 Months Ended | |
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Dec. 31, 2013
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Dec. 31, 2012
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The following table summarizes the changes in fair value of the Company's Level 3 financial instruments | ||
Beginning Balance | $ 1,026,128 | $ 528,566 |
Initial recognition - Derivative liability of embedded conversion feature of the Convertible Notes | 5,335,976 | 1,004,291 |
Change in fair value | 1,674,135 | (506,728) |
Ending Balance | $ 8,036,239 | $ 1,026,129 |
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- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. No definition available.
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X | ||||||||||
- Definition
The increase (decrease) during the period in the carrying value of derivative instruments reported as liabilities that are due to be disposed of within one year (or the normal operating cycle, if longer). No definition available.
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X | ||||||||||
- Definition
Fair value of derivative liability, presented on a gross basis even when the derivative instrument is subject to master netting arrangements and qualifies for net presentation in the statement of financial position. No definition available.
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X | ||||||||||
- Definition
Initial recognition - Derivative liability of embedded conversion feature of the Convertible Notes derivative instruments reported as liabilities that are due to be disposed of within one year (or the normal operating cycle, if longer). No definition available.
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X | ||||||||||
- Details
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