DISCLOSURES ABOUT FAIR VALUE (Details 1) (USD $)
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3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2013
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Sep. 30, 2012
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Sep. 30, 2013
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Sep. 30, 2012
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Balance, January 1, 2013 | $ 0 | |||
Change in fair value of derivative liablility | 75,900 | 0 | 75,900 | 0 |
Included in debt discount | 2,115,400 | |||
Included in interest expense | 150,200 | |||
Balance, September 30, 2013 | $ 2,341,500 | $ 2,341,500 |
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- Definition
Fair value of debt included in derivative liabilities. No definition available.
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- Definition
Fair value of interest expenses included in derivative liabilities. No definition available.
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- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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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