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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]  
Summary of financial liabilities measured at fair value on a recurring basis

   

September 30,

2015

   

Quoted

prices in

active market

for identical

assets

(Level l)

   

Significant

other

observable

inputs

(Level 2)

   

Significant

unobservable

inputs

(Level 3)

 
Warrant Liabilities $-  $-  $-  $-(1)
Conversion Option Liabilities $-  $-  $-  $-(1)

 

(1) Diminimus value at September 30, 2015.

 

  

December 31,

2014

  

Quoted

prices in

active market

for identical

assets

(Level l)

  

Significant

other

observable

inputs

(Level 2)

  

Significant

unobservable

inputs

(Level 3)

 
Warrant Liabilities $536,671  $-  $-  $536,671 
Conversion Option Liabilities $110,000  $-  $-  $110,000 

 

Summary of the changes in the fair value of the Company's Level 3 financial liabilities measured on a recurring basis

 

  

For the

nine month

ended
September 30, 2015

  

For the

nine month

ended

September 30, 2014

 
Beginning balance $646,671  $217,611 
Aggregate fair value of conversion option liabilities and warrants issued  -   1,815,529 
Change in fair value related to increase in warrants issued for anti-dilutive adjustment  -   745,920 
Change in fair value of conversion option liabilities and warrants  (646,671)  (287,738)
Ending balance $-  $2,491,322