Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Estimated useful life of property and equipment
  Years
Office furniture and fixtures 4
Computer equipment   4
Appliques 10
Website development 2
Reconciliation of the derivative liability measured at fair value
    Conversion Feature Derivative Liability  

 

 

Warrant Liability

 

 

 

 

Total

Balance at January 1, 2016   $    614,036    $           4,355   $    618,391
Change in fair value included in earnings       (422,974)               (1,871)       (424,846)
Net effect on additional paid in capital       (191,062)                -        (191,062)
Balance June 30, 2016   $               -    $          2,484   $        2,484
Dilutive securities
    June 30,   June 30,  
    2016   2015  
Convertible preferred stock     209,416,215     220,887,750  
Stock options     2,850,000     2,150,000  
Stock warrants     5,000     5,000  
  Total     212,271,215     223,042,750