Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENT (Tables)

v3.5.0.2
FAIR VALUE MEASUREMENT (Tables)
 6 Months Ended
Jun. 30, 2016
Fair Value Measurement Tables  
Schedule of Derivative Liabilities at Fair Value
    Level 1     Level 2     Level 3     Total  
                         
Derivative liability   $ -     $ -     $ 2,699,418     $ 2,699,418  
Warrant liability                     20,706       20,706  
Total   $ -     $ -     $ 2,720,124     $ 2,720,124  

 

    Level 1     Level 2     Level 3     Total  
                       
Derivative liability   $ -     $ -     $ 170,531     $ 170,531  
Warrant liability                     22,746       22,746  
Total   $ -     $ -     $ 193,277     $ 193,277  

Changes in the fair value of the Company's Level 3 financial liabilities
    Debt Derivative Liability    

Warrant

Liability

  
             
Balance, December 31, 2015   $ 170,531       22,746  
Transfers in (out):                
Initial fair value of debt derivative at note issuance     2,322,077          
Fair value of debt derivative at note extinguishment transferred to equity     (262,271 )        
Mark-to-market at June 30, 2016:                
Embedded derivative     469,081       (2,040 )
Balance, June 30, 2016   $ 2,699,418     $ 20,706