9. Assumptions used for conversion feature (Details) (Convertible Notes [Member], USD $)
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9 Months Ended |
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Sep. 30, 2013
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Convertible Notes [Member]
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Exercise price | $ 15.00 |
Volatility | 50.70% |
Risk free interest rate | 0.04% |
Term (years) | 6 months |
Marketability discount | 14.20% |
Fair value of conversion feature | $ 1,139,100 |
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- Definition
Discount for Marketability restrictions No definition available.
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- Definition
Fair value of conversion feature No definition available.
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- Definition
Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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