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)
 3 Months Ended
Mar. 31, 2014
Accounting Policies [Abstract]  
Carrying amount of the major classes of liabilities

 

    March 31, 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     21,720  
 Balance at March 31, 2014   $ 33,662  
Dilutive securities

 

    March 31, 2014     March 31, 2013  
 Convertible Debt (Conversion price - $0.05/share)     -       45,784  
 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       290,784