Convertible Debentures (Tables)

9 Months Ended

Sep. 30, 2014

Convertible Debentures [Abstract]

Summary of convertible debentures

	2014		2013
2012 Hillair Debentures, net of $144,769 discount	$	-	$	975,231
January 2013 Debentures, net of $45,419 discount		-		346,581
April 2013 Debentures, net of $0 and $79,200 discount, respectively		-		480,800
2014 Exchange Debentures		1,915,200		-
2014 New Debentures, net of $951,357 discount		1,129,143		-
Total debt		3,044,343		1,802,612
Less current portion		-		1,802,612
Long-term debt	$	3,044,343	$	-

Schedule of significant assumptions used to measure the fair value

	Date of  Issuance			September 30,  2014
Stock price	$	0.25		$	0.21
Term		1.48 to 1.98 years			1 to 1.5 years
Volatility		50	%		50	%
Risk-free interest rate		0.09-0.37	%		0.13	%
Exercise price	$	0.25		$	0.25
Delta		0.02-0.03			0.02-0.03
Up Ratio		1.078-1.091			1.065-1.079
Down Ratio		0.910-0.922			0.921-0.935
Up transition probability		0.500			0.500