Quarterly report pursuant to Section 13 or 15(d)

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

v2.4.1.9
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]  
Carrying amount of the major classes of liabilities

    September 30, 2014     December 31, 2013  
 Assets of discontinued operations   $ -     $ -  
 Liabilities                
 Accounts payables and accrued expenses   $ (112,397)     $ (112,397 )
 Liabilities of discontinued operations   $ (112,397)     $ (112,397 )

 
Reconciliation of the derivative liability measured at fair value

 

 

    Warrant liability  
 Balance at January 1, 2014   $ 11,942  
 Change in fair value included in earnings     (7,062 )
 Balance at September 30, 2014   $ 4,880  

 

 
Dilutive securities

 

    September 30, 2014     September 30, 2013  
 Convertible Debt (Conversion price - $0.05/share)     -       5,000  
 Stock Options (Exercise price - $0.015/share)     60,000       -  
 Stock Warrants (Exercise price - $0.03 - $0.05/share)     245,000       245,000  
   Total     305,000       250,000