BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) |
3 Months Ended | 12 Months Ended |
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Mar. 31, 2016 |
Dec. 31, 2015 |
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Balance at Beginning of Period | $ 618,391 | |
Change in fair value included in earnings | (464,505) | $ 64,035 |
Net effect on additional paid in capital | (44,558) | |
Balance at End of Period | 109,328 | 618,391 |
Conversion Feature Derivative Liability | ||
Balance at Beginning of Period | 614,036 | |
Change in fair value included in earnings | (464,066) | |
Net effect on additional paid in capital | (44,558) | |
Balance at End of Period | 105,412 | 614,036 |
Warrant Liability | ||
Balance at Beginning of Period | 4,355 | |
Change in fair value included in earnings | (439) | |
Net effect on additional paid in capital | 0 | |
Balance at End of Period | $ 3,916 | $ 4,355 |
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- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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