Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENT (Details)

FAIR VALUE MEASUREMENT (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Debt derivative liability		$ 1,019,103us-gaap_DerivativeLiabilities
Warrant liability	98,702	287,731
Total	98,702	1,306,834
Level 1 [Member]
Debt derivative liability
Warrant liability
Total
Level 2 [Member]
Debt derivative liability
Warrant liability
Total
Level 3 [Member]
Debt derivative liability		1,019,103
Warrant liability	98,702	287,731
Total	$ 98,702	$ 1,306,834

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References + Details