Quarterly report pursuant to Section 13 or 15(d)

Put Feature On Common Stock (Tables)

v2.4.0.6
Put Feature On Common Stock (Tables)
6 Months Ended
Jun. 30, 2012
Put Feature On Common Stock [Abstract]  
Summary Of Fair Value Of Anti-Dilution Provision Recorded As Liabilities

Fair Values:

 

June 30,  2012

December 31,    2011

Transaction Date

December 18, 2007 financing

 

$          -    

$          -    

$   4,401,169

March 20, 2008 financing

 

           -      

           -    

     553,569

Total:

 

$          -    

$          -    

$   4,954,738

Summary Of Shares Indexed To The Anti-Dilution Provision

Number of Shares indexed:

 

June 30,  2012

December 31,    2011

Transaction Date

December 18, 2007 financing

 

           -      

           -    

    4,857,159

March 20, 2008 financing

 

           -      

           -    

     642,858

Total:

 

          -

           -

    5,500,017

Schedule Of Anti-Dilution Provision And Significant Valuation Assumptions

December 18, 2007 financing:

 

June 30,  2012

December 31,    2011

Transaction Date

Trading market prices

 

$      -

$        -

       $ 1.75

Estimated future stock price

 

      -

        -

$0.98-$1.75

Estimated future volatility

 

-

-

143%

Dividend

 

-

-

-

Estimated future risk-free rate

 

-

-

3.14%

 

 

March 20, 2008 financing:

 

June 30,  2012

December 31,    2011

Transaction Date

Trading market prices

 

$      -

$        -

       $ 2.14

Estimated future stock price

 

      -

        -

$1.36-$2.10

Estimated future volatility

 

-

-

142%

Dividend

 

-

-

-

Estimated future risk-free rate

 

-

-

1.85%

Schedule Of Unrealized Gains Losses On Fair Value Of Anti-Dilution Provision

 

 

Three and Six Months Ended       June 30, 2012

Three and Six Months Ended        June 30, 2011

Cumulative from March 19, 2001 (Inception) to June 30, 2012

December 18, 2007 financing

 

$         -    

$         -   

$  2,148,418

March 20, 2008 financing

 

            -   

           -   

    167,121

Total:

 

$         -   

$         -   

$  2,315,539