Annual report pursuant to Section 13 and 15(d)

DERIVATIVE LIABILITIES (Tables)

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DERIVATIVE LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Schedule of Conversion feature derivative liability
   

Conversion feature

derivative liability

  Warrant liability     Total
Balance at January 1, 2015     -              
Recapitalization on February 19, 2015     -     4,936       4,936
Convertible notes payable - December 28, 2015     550,001     -       550,001
Change in fair value included in earnings     64,035     (581 )     63,454
Balance at December 31, 2015   $ 614,036   $ 4,355     $ 618,391
Assumptions for fair value of convertible instruments granted under Black-Scholes option pricing model
    December 31,
2015
    December 31,
2014
Expected volatility   318  %   %
Expected term - years   1.99      
Risk-free interest rate     1.06 %   %
Expected dividend yield     0 %   %