FAIR VALUE MEASUREMENTS (Details 1) |
6 Months Ended |
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Jun. 30, 2016
USD ($)
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Fair Value Measurements Details 1 | |
Liabilities measured at fair value Beginning Balance | $ 743,400 |
Change in fair market value of Conversion Feature | 1,366,700 |
Issuance of equity instruments with debt greater than debt carrying amount | 488,000 |
Derivative debt converted into equity | (570,100) |
Issuance of equity instruments with derivatives | 2,824,000 |
Liabilities measured at fair value Ending Balance | $ 4,852,000 |
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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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