Quarterly report pursuant to Section 13 or 15(d)

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

v3.5.0.2
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 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 )     (2,815 )     (425,789 )
Net effect on additional paid in capital     (191,062 )     -       (191,062 )
Balance September 30, 2016   $ -     $ 1,540     $ 1,540  
Dilutive securities
    September 30,     September 30,  
    2016     2015  
Convertible preferred stock     199,074,615       220,517,750  
Stock options     2,850,000       2,150,000  
Stock warrants     5,000       5,000  
  Total     201,229,615       222,672,750