Warrants And Options (Details Narrative) (USD $)
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12 Months Ended | |
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Dec. 31, 2012
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Dec. 31, 2011
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Warrant issued | 291,261 | 300,000 |
Allocated value of warrants | $ 300,656 | $ 73,791 |
Attached to share issuances | 582,510 | 370,000 |
Attached to share issuances value | 1,019,375 | 150,000 |
Warrant Term | 4 years | 5 years |
Expected term | 4 years | |
Exercise price | $ 2.60 | $ 0.50 |
Stock issued for services, shares | 105,591 | |
Stock issued for services, Value | 184,777 | |
Volatility rate | 132.00% | 190.00% |
Maximum [Member]
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Stock price | $ 3.31 | $ 1.00 |
Risk free rate | 0.82% | 2.00% |
Minimum [Member]
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Stock price | $ 3.31 | $ 0.50 |
Risk free rate | 0.82% | 1.45% |
Warrants [Member]
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Warrant Term | 4 years | |
Expected term | 4 years | |
Exercise price | $ 2.60 | |
Warrants [Member] | Maximum [Member]
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Exercise price | $ 1.75 | |
Stock price | $ 3.45 | |
Risk free rate | 0.36% | |
Warrant [Member]
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Warrant issued | 52,798 | |
Warrant Term | 3 years | 5 years |
Exercise price | $ 3.25 | $ 0.50 |
Allocated value of services | 54,499 | |
Stock issued for services, shares | 50,000 | 450,000 |
Volatility rate | 251.00% | 190.00% |
Fair value of warrant | 145,431 | 390,530 |
Warrant [Member] | Maximum [Member]
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Warrant Term | 3 years | |
Exercise price | $ 3.25 | $ 1.05 |
Stock issued for services, shares | 26,685 | |
Volatility rate | 149.00% | |
Stock price | $ 3.00 | $ 1.00 |
Risk free rate | 0.32% | 2.24% |
Fair value of warrant | $ 79,555 | |
Warrant [Member] | Minimum [Member]
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Exercise price | $ 3.25 | $ 0.50 |
Stock price | $ 3.00 | $ 0.50 |
Risk free rate | 0.32% | 1.45% |
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- Definition
The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Allocated value of services No definition available.
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- Definition
Custom Element. No definition available.
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Custom Element. No definition available.
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Custom Element. No definition available.
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- Definition
Custom Element. No definition available.
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- Definition
Custom Element. No definition available.
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- Definition
Share issuances warrantsin the period No definition available.
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Custom Element. No definition available.
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Custom Element. No definition available.
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Custom Element. No definition available.
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