Annual report pursuant to Section 13 and 15(d)

Note 19 - FAIR VALUE MEASUREMENT (Tables)

v2.4.0.8
Note 19 - FAIR VALUE MEASUREMENT (Tables)
12 Months Ended
Dec. 31, 2013
Note 19 - Fair Value Measurement Tables  
Schedule of Derivative Assets at Fair Value
   

Debt

Derivative

Liability

   

 

Warrant

Liability

 
Balance, December 31, 2011   $ -     $ -  
Total (gains) losses                
Initial fair value of debt derivative at note issuance     78,770          
Mark-to-market at December 31, 2012:                
Embedded debt derivative     1,269          
Balance, December 31, 2012     80,039       -  
Total (gains) losses                
Initial fair value of debt derivative at note issuance     76,480       99,061  
Mark-to-market at December 31, 2013:                
Embedded derivative     862,584       188,670  
Balance, December 31, 2013     1,019,103       287,731  
                 
Net Loss for the year included in earnings relating to the liabilities   $ (862,584 )   $ (188,670 )