WARRANT LIABILITY (Details Narrative) |
3 Months Ended | 9 Months Ended |
|---|---|---|
|
Sep. 30, 2015
USD ($)
$ / shares
shares
|
Sep. 30, 2015
USD ($)
$ / shares
shares
|
|
| Warrant Liability Details Narrative | ||
| Gain/Loss on change in fair value of Derivative liability | $ (1,151) | $ 58,063 |
| Remaining warrants | shares | 1,155,000 | 1,155,000 |
| Dividend yield | 0.00% | |
| Expected volatility | 146.21% | |
| Weighted average risk-free interest rate | 0.92% | |
| Expected life | 2 years 6 months 7 days | |
| Estimated fair value of the Company's common stock | $ / shares | $ 0.0449 | $ 0.0449 |
| Warrant liability | $ 40,639 | $ 40,639 |
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- References No definition available.
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- References No definition available.
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- Definition Amount of the increase (decrease) in fair value of the hedged item in a fair value hedge recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Agreed upon price for the exchange of the underlying asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average expected volatility of stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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