Quarterly report pursuant to Section 13 or 15(d)

10. DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

v3.2.0.727
10. DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair values of derivative instruments

           
Liability derivatives: Balance Sheet Location   Fair Value  
June 30, 2015:          
Convertible Notes Compound Derivatives Derivative liabilities   $ 252,014  
Convertible Note Warrant Liability  Warrant Liability    $ 127,395  

Effect of derivative instruments

               

Derivatives not

designated as

hedging instruments

Location of gain

            recognized in income on derivative

 

Three Months

Ended

June 30, 2015

   

Six Months

Ended

June 30, 2015

 
Convertible Notes Compound Derivatives Change in fair value of embedded derivative liabilities   $ 33,689     $ 22,317  
Convertible Note Warrant Liability  Change in fair value of warrant liability    $ 9,800     $ 19,600