• Filing Date: 2014-04-14
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.8
10. DERIVATIVE LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2013
Derivative Liabilities Tables  
Schedule of derivative liabilites

 

Year:   2012     2013  
Dividend yield:     1 %     0 %
Expected volatility   284.83% to 337.73%     106.09% to 196.26%  
Risk free interest rate   .31% to 1.01%     .07% to 1.75%  
Expected life (years)   1.00 to 5.00     0.16 to 5.00  
                 

 

The following table sets forth the changes in the fair value of derivative liabilities for the years ended December 31, 2013 and 2012:

 

Balance, December 31, 2011   $ (5,417,525 )
  Change in Fair Value of Warrant Derivative Liability     3,461,614  
  Change in Fair Value of Beneficial Conversion Derivative Liability     879,514  
  Change in Fair Value of Debenture Derivative Liability     309,933  
  Adjustments to Warrant Derivative Liability     (1,245,647 )
  Adjustment to Beneficial Conversion Derivative Liability     164,657  
  Adjustment to Debenture Derivative Liability     510,880  
Balance, December 31, 2012     (1,336,574 )
  Fair value of warrant derivatives on date of grant     (812,705 )
  Convertible debt derivatives recognized as derivative loss     (151,336 )
  Convertible debt derivatives recognized as debt discount     (617,399 )
  Resolution of warrant derivatives upon exercises     48,630  
  Resolution of convertible debt derivatives upon conversions     1,311,702  
  Gain on change in fair value of derivative liabilities     516,832  
Balance, December 31, 2013     (1,040,850 )