Quarterly report pursuant to sections 13 or 15(d)

8. Equity Transactions (Details Narrative)

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8. Equity Transactions (Details Narrative) (USD $)
3 Months Ended
Mar. 31, 2014
Cumulative Convertible Preferred Stock issued to investors, shares 4,358
Warrants to purchase common stock issued to investors 278,912
Shares issued to broker/dealers as compensation 92,980
Cash compensation paid to broker/dealers $ 400,000
Derivative liability related to investor warrants 1,300,000
Fair value of derivative liability 5,600,000
Change in fair value of derivative liability due to gain $ 1,700,000