Quarterly report pursuant to sections 13 or 15(d)

Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Tables)

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Note 2 - Basis of Presentation and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2013
Disclosure Text Block [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
   

Carrying

Value

   

Estimated

Fair Value

 

Related party BSC convertible notes payable

  $ 4,338,601     $ 3,723,635  

Note payable (see Note 4)

    3,750,659       3,750,659  

Junior secured notes payable

    202,886       1,968,078  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
   

Quoted Prices in

Active Markets

(Level 1)

   

Significant

Observable

Inputs (Level 2)

   

Significant Unobservable

Inputs (Level 3)

   

Total Fair

Value

 
                                 

Derivative liability - warrants

  $ -     $ -     $ 3,810,638     $ 3,810,638  

Derivative liability - conversion option

    -       -       -       -  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
   

As of March 31,

 
   

2013

   

2012

 

Stock options

    6,442,127       3,503,811  

Warrants

    13,313,678       4,776,982  

Shares under convertible note agreements

    542,325       3,662,037  
      20,298,130       11,942,830