Summary of Significant Accounting Policies (Details 1) (USD $)
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3 Months Ended | |
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Mar. 31, 2014
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Mar. 31, 2013
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Summary of the changes in the fair value of the Company's Level 3 financial liabilities measured on a recurring basis | ||
Beginning balance | $ 217,611 | $ 406,557 |
Aggregate fair value of conversion option liabilities and warrants issued | 94,255 | |
Change in fair value of conversion option liabilities and warrants | 80,215 | (219,495) |
Ending balance | $ 297,826 | $ 281,317 |
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- Details
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- Definition
Amount of issuances of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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