7. Derivative Financial Instruments (Tables)

3 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

June 30, 2013

	June 30, 2013			December 31, 2012
Secured convertible note giving rise to derivative financial instruments:	Indexed Shares		Fair Values	Indexed Shares		Fair Values
Embedded conversion feature	3,125,000	$		3,125,000	$	2,488
Warrant derivative liability	625,000		6,139	625,000		6,212
	3,750,000	$	6,139	3,750,000	$	8,700

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

For the Three Months Ended June 30, 2013

Secured convertible note financing giving rise to derivative financial instruments and the income effects:		Three Months Ended June 30, 2013		Three Months Ended June 30, 2012
Embedded conversion feature	$		$	234,375
Warrant derivative liability		6,265		49,153

Day-one derivative loss

Total derivative gain (loss)	$	6,265	$	283,528

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

Ceelox Inc. 10-Q