Annual report pursuant to section 13 and 15(d)

10. Derivative Valuation (Tables)

v2.4.0.8
10. Derivative Valuation (Tables)
 12 Months Ended
Dec. 31, 2013
Derivative Valuation Tables  
Derivative liability activity
    Warrants     Conversion Feature     Total  
Derivative Liability at December 31, 2011   $ –     $ –     $ –  
Liability on June 27, 2012 related to Issuances of Debt and Warrants     –       269,284       269,284  
Change in Fair Value at the End of the Year     53,219       (253,541 )     (200,322 )
Derivative Liability at December 31, 2012     53,219       15,743       68,962  
                         
Change in Fair Value related to Original Debenture prior to Cancellation of Warrants and Assignment of Debenture on August 29, 2013     (13,708 )     (4,113 )     (17,821 )
Elimination of Liability Due to Cancellation of Warrants and Reassignment of Debt on August 29, 2013     (39,511 )     (11,630 )     (51,141 )
Liability on August 29, 2013 related to Assignment of Debt     –       5,077,705       5,077,705  
Decrease in Liability on September 9, 2013 due to $75,000 Note Payable Conversion     –       (200,495 )     (200,495 )
Change in Fair Value Conversion date     –       (2,009,608 )     (2,009,608 )
Elimination of Liability on November 11, 2013 due to Full Conversion of Remaining Balance of $1,088,333     –       (2,867,602 )     (2,867,602 )
Derivative Liability at December 31, 2013   $ –     $ –     $ –