Quarterly report pursuant to sections 13 or 15(d)

17. Fair Value Disclosures (Tables)

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17. Fair Value Disclosures (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Disclosures Tables  
Fair value of the liability measured at fair value on a recurring basis
  Level 1 Level 2 Level 3 Total
As of June 30, 2013        
Non-current liabilities:        
Derivative liability (see note 7)  $                        -     $              960,733  $                        -     $              960,733
         
As of December 31, 2012        
Non-current liabilities:        
Derivative liability   $                        -     $           1,066,000  $                        -     $           1,066,000