Quarterly report pursuant to Section 13 or 15(d)

Derivatives (Details 1)

v2.4.0.8
Derivatives (Details 1) (USD $)
 9 Months Ended 12 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Summary of fair values of derivative warrants on basis of valuation model    
Market value of common stock on measurement date (1) $ 1.65 [1] $ 1.17 [1]
Risk free interest rate (2) 0.33% [2]  
Expected volatility (3) 139.00% [3]  
Expected dividend yield (4)    [4]    [4]
Probability of stock offering in any period over 5 years (5)   25.00% [5]
Minimum [Member]
    
Summary of fair values of derivative warrants on basis of valuation model    
Adjusted exercise price $ 1.50 $ 0.48
Risk free interest rate (2)   0.10% [2]
Warrant lives in years 0 days 4 months
Expected volatility (3)   125.00% [3]
Probability of stock offering in any period over 5 years (5) 25.00% [5]  
Maximum [Member]
    
Summary of fair values of derivative warrants on basis of valuation model    
Adjusted exercise price $ 2.475 $ 0.81
Risk free interest rate (2)   0.77% [2]
Warrant lives in years 4 years 2 months 19 days 5 years
Expected volatility (3)   161.00% [3]
Probability of stock offering in any period over 5 years (5) 40.00% [5]  
[1] The market value of common stock is based on an enterprise valuation.
[2] The risk-free interest rate was determined by management using the Treasury Bill as of the respective measurement date.
[3] For the year ended December 31, 2012, because the Company does not have adequate trading history to determine its historical trading volatility, the volatility factor was estimated by management using the historical volatilities of comparable companies in the same industry and region.
[4] Management determined the dividend yield to be 0% based upon its expectation that it will not pay dividends for the foreseeable future.
[5] Management has determined that the probability of a stock offering is 25% - 40% for each quarter of the next five years.