Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITIES (Tables)

v2.4.0.6
DERIVATIVE LIABILITIES (Tables)
3 Months Ended
Mar. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value Assumptions Derivative Liability

The Company used the following assumptions for determining the fair value of the convertible instruments granted under the Black-Scholes option pricing model:

 

    December 31, 2012   March 31, 2013
Expected volatility   89% - 217%   67% - 222%
Expected term   1.5 - 4.36 Years   1.25 - 4.11 Years
Risk-free interest rate   0.15% - 0.72%   0.15% - 0.82%
Expected dividend yield   0%   0%