Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Measurements Tables  
Fair value hierarchy financial assets measured

    Fair Value at                    
    September 30,     Fair Value Measurement Using  
    2015     Level 1     Level 2     Level 3  
                         
Derivative liability - Conversion Feature   $ 735,500       -       -     $ 735,500  
    $ 735,500       -       -     $ 735,500  

 

    Fair Value at                    
    December 31,     Fair Value Measurement Using  
    2014     Level 1     Level 2     Level 3  
                         
Derivative liability - Conversion Feature   $ 1,253,000       -       -     $ 1,253,000  
    $ 1,253,000       -       -     $ 1,253,000  
Liabilities measured at fair value on a recurring basis using significant unobservable inputs
Balance at December 31, 2014   $ 1,253,000  
Change in fair market value of Conversion Feature     (1,779,600 )
Issuance of equity instruments with debt greater than debt carrying amount     561,000  
Derivative debt converted into equity     (897,900 )
Issuance of equity instruments with derivatives     1,599,000  
Balance at September 30, 2015   $ 735,500