10. DERIVATIVE FINANCIAL INSTRUMENTS
|6 Months Ended|
Jun. 30, 2015
|Derivative Instruments and Hedging Activities Disclosure [Abstract]|
|NOTE 10. DERIVATIVE FINANCIAL INSTRUMENTS||
The Company determined that certain embedded features related to the Convertible Notes and Warrant issued in connection with the Convertible Notes as discussed in Note 3 and 9 above are derivative financial instruments.
Fair values of derivative instruments not designated as hedging instruments consist of the following:
There were no derivative instruments issued or outstanding as of December 31, 2014.
The amount of gain or recognized for derivative instruments in the statement of operations for the three and six months ended June 30, 2015 consist of the following:
The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.
Reference 1: http://www.xbrl.org/2003/role/presentationRef