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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2016
Summary of Significant Accounting Policies [Abstract]  
Summary of financial liabilities measured at fair value on a recurring basis
     

March 31,
2016

     

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 March 31, 2016.

 

   

December 31,

2015

   

Quoted

prices in

active market

for identical

assets

(Level l)

   

Significant

other

observable

inputs

(Level 2)

   

Significant

unobservable

inputs

(Level 3)

 
Warrant Liabilities   $       -     $      -     $      -     $      -  (2)
Conversion Option Liabilities   $ -     $ -     $ -     $ -  (2)

 

(2) Diminimus value at December 31, 2015.

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

For the

three month

ended
March 31,
2016

     

For the

three month

ended

March 31,
2015

 
Beginning balance   $ -     $ 646,671  
Aggregate fair value of conversion option liabilities and warrants issued     -       -  
Change in fair value related to increase in warrants issued for anti-dilutive adjustment     -       -  
Change in fair value of conversion option liabilities and warrants     -       (385,891 )
Ending balance   $ -     $ 260,780