Quarterly report pursuant to Section 13 or 15(d)

10. DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

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10. DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
9 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Effect of derivative instruments
               

Derivatives not

designated as

hedging instruments

 

Location of gain

            recognized in income on derivative

 

Three Months

Ended

September 30, 2015

 

Nine Months

Ended

September 30, 2015

 
Convertible Notes Compound Derivatives   Change in fair value of embedded derivative liabilities   $ 252,025   $ 274,331  
Convertible Note Warrant Liability    Change in fair value of warrant liability    $ -   $ 19,600