FAIR VALUE MEASUREMENTS (Details 1) - USD ($) |
12 Months Ended | |
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Dec. 31, 2016 |
Dec. 31, 2015 |
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Fair Value Measurements Details 1 | ||
Liabilities measured at fair value Beginning Balance | $ 743,400 | $ 1,253,000 |
Change in fair market value of Conversion Feature | 489,700 | (1,800,100) |
Issuance of equity instruments with debt greater than debt carrying amount | 1,487,500 | 561,000 |
Derivative debt converted into equity | (14,232,100) | (1,168,500) |
Issuance of equity instruments with derivatives | (14,232,100) | 1,898,000 |
Liabilities measured at fair value Ending Balance | $ 6,975,000 | $ 743,400 |
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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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