Annual report pursuant to Section 13 and 15(d)

Put Feature On Common Stock (Tables)

v2.4.0.6
Put Feature On Common Stock (Tables)
 12 Months Ended
Dec. 31, 2012
Put Feature On Common Stock [Abstract]  
Summary Of Fair Value Of Anti-Dilution Provision Recorded As Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Values:

 

December 31, 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:

 

December 31, 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:

 

December 31, 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:

 

December 31, 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2012

Year Ended  December 31, 2011

Cumulative from March 19, 2001 (Inception) to December 31, 2012

December 18, 2007 financing

 

$

-   

$

-   

$
2,148,418 

March 20, 2008 financing

 

 

           -   

 

          -   

 
167,121 

Total:

 

$

-   

$

-   

$
2,315,539