FAIR VALUE MEASUREMENT (Details 1) - USD ($) |
12 Months Ended | |
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Dec. 31, 2015 |
Dec. 31, 2014 |
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Warrant Liability [Member] | ||
Fair value of debt derivative, Beginning | $ 98,702 | $ 287,731 |
Fair value of warrant liability at date of cancellation transferred to equity | (129,551) | |
Mark-to-market: | ||
Embedded debt derivative | (75,956) | (59,478) |
Fair value of debt derivative, Ending | $ 22,746 | 98,702 |
Debt Derivative Liability [Member] | ||
Fair value of debt derivative, Beginning | 1,019,103 | |
Initial fair value of debt derivative at note issuance | $ 350,542 | |
Fair value of debt derivative at note extinguishment transferred to equity | (158,959) | (800,987) |
Mark-to-market: | ||
Embedded debt derivative | (21,052) | $ (218,116) |
Fair value of debt derivative, Ending | $ 170,531 |
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- Definition Embedded debt derivative. No definition available.
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- Definition Fair value of debt derivative. No definition available.
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- Definition Fair value of debt derivative at note extinguishment transferred to equity. No definition available.
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- Definition Fair value of warrant liability at date of cancellation transferred to equity. No definition available.
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- Definition Mark-to-market. No definition available.
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- Definition The cash outflow for cost incurred directly with the issuance of a derivative security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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