NextPlat Corp Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Balance at Beginning of Period	$ 11,942us-gaap_DerivativeLiabilitiesCurrent	$ 50,888us-gaap_DerivativeLiabilitiesCurrent
Reclassification of derivative liability upon conversion of debt to equity		(6,332)us-gaap_ExtinguishmentOfDebtAmount
Change in fair value of derivative liability	(7,006)	(32,614)
Balance at End of Period	4,936us-gaap_DerivativeLiabilitiesCurrent	11,942us-gaap_DerivativeLiabilitiesCurrent
Conversion Feature Derivative Liability
Balance at Beginning of Period		14,996
Reclassification of derivative liability upon conversion of debt to equity		(6,332)
Change in fair value of derivative liability		(8,664)
Balance at End of Period
Warrant Liability
Balance at Beginning of Period	11,942	35,892
Reclassification of derivative liability upon conversion of debt to equity
Change in fair value of derivative liability	(7,006)	(23,950)
Balance at End of Period	$ 4,936	$ 11,942

- 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.

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