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)
3 Months Ended
Mar. 31, 2013
Put Feature On Common Stock [Abstract]  
Summary Of Fair Value Of Anti-Dilution Provision Recorded As Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Values:

 

March 31, 2013

December 31, 2012

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:

 

March 31, 2013

December 31, 2012

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:

 

March 31, 2013

December 31, 2012

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:

 

March 31, 2013

December 31, 2012

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 Months Ended March 31, 2013

Three Months Ended March 31, 2012

Cumulative from March 19, 2001 (Inception) to March 31, 2013

December 18, 2007 financing

 

$

-   

$

-   

$

2,148,418 

March 20, 2008 financing

 

 

           -   

 

          -   

 

167,121 

Total:

 

$

-   

$

-   

$

2,315,539