Quarterly report pursuant to Section 13 or 15(d)

Note 16 - FAIR VALUE MEASUREMENTS (Tables)

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Note 16 - FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2014
Note 16 - Fair Value Measurements Tables  
Fair value on a recurring basis in the accompanying consolidated financial statements
    Level 1     Level 2     Level 3     Total  
Warrant liability   $       $       $ 232,541       232,541  
Derivative liability     -       -       400,753       400,753  
Total   $ -     $ -     $ 633,294     $ 633,294  
The fair value of the financial liabilities
Balance, December 31, 2013   $ 1,306,834  
Fair value of embedded derivative in connection with convertible notes at inception        
Transfers out due to conversions of convertible notes     (368,510 )
Mark-to-market at June 30, 2014     (304,950 )
Balance, June 30, 2014   $ 633,294