CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES (Details Narrative) |
3 Months Ended | 9 Months Ended |
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Sep. 30, 2015
USD ($)
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Sep. 30, 2015
USD ($)
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Convertible Notes Payable And Derivative Liabilities Details Narrative | ||
Fair value of the derivatives liability | $ 65,893 | $ 65,893 |
Gain (Loss) on change of fair value of derivative liability | (25,252) | 19,702 |
Amortization of debt discounts | 69,905 | 83,185 |
Outstanding notes paid off amount | 75,000 | |
Principal amount | 121,000 | 121,000 |
Advanced by holder | 110,000 | 110,000 |
Original issue discount | $ 11,000 | $ 11,000 |
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- Definition Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal through the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) from the increase (decrease) in fair value of derivative and nonderivative instruments designated as fair value hedging instruments recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of the assets less the liabilities of a derivative or group of derivatives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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