Quarterly report pursuant to Section 13 or 15(d)

9. FAIR VALUE OF FINANCIAL MEASUREMENTS (Tables)

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9. FAIR VALUE OF FINANCIAL MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Fair value measurement assumption
    March 12, 2015       June 30, 2015
Risk-free interest rate     1.59 %     1.63 %
Expected dividend yield     0       0  
Volatility factor     80 %     81 %
Expected life of warrant   5 years 4.7 years
Change in the Company's Level 3 liabilities
Balance at December 31, 2014   $  
      Issuance of warrant liability     146,995  
      Change in fair value and extinguishment of warrant     (146,995 )
Balance at September 30, 2015   $ -  

 

Balance at December 31, 2014   $  
      Issuance of derivatives in connection with convertible note agreements     274,331  
      Change in fair value and extinguishment of notes     (274,331 )
Balance at September 30, 2015   $ -