Quarterly report pursuant to sections 13 or 15(d)

12. Fair Value Measurements (Tables)

v2.4.0.8
12. Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2013
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis are as follows at September 30, 2013:

 

    Total     (Level 1)     (Level 2)     (Level 3)  
                         
Assets   $ –     $ –     $ –     $ –  
                                 
Total assets measured at fair value     –       –       –       –  
                                 
Liabilities                                
                                 
Derivative Liability     2,040,240       –       –       2,040,240  
Convertible Debenture, net of discount     108,834       –       –       108,834  
Total liabilities measured at fair value   $ 2,149,074     $ –     $ –     $ 2,149,074