PRIVATE PLACEMENT OFFERING (Tables)

12 Months Ended

Dec. 31, 2016

Allocated to the instruments as follows

The proceeds of $2,000,100 were allocated to the instruments as follows:

Warrant liabilities	$	141,027
Redeemable and Convertible Preferred Stock		1,388,367
Common Stock		470,706
Total allocated gross proceeds:	$	2,000,100

Schedule of Share-based Compensation, Warrant Options

	2016					2015
	Number of warrants			Weighted average exercise price		Number of warrants			Weighted average exercise price
Balance at January 1		6,909,000		$	0.15		6,909,000		$	0.15
Issued during the year		-		$	-		-		$	-
Exercised during the year		-		$	-		-		$	-
Extended warrant terms		6,909,000		$	0.15		6,909,000		$	0.15
Expired during the year		(6,909,000	)	$	0.15		(6,909,000	)	$	0.15
Balance at December 31		6,909,000		$	0.15		6,909,000		$	0.15

2014 Extension of Warrant Terms [Member]

Assumptions used in Black Scholes option-pricing model

Assumptions used in the Black Scholes option-pricing model for these warrants were as follows:

Average risk-free interest rate	0.10	%
Average expected life- years	1
Expected volatility	56.64	%
Expected dividends	4.01	%

2015 Extension of Warrant Terms [Member]

Assumptions used in Black Scholes option-pricing model

Assumptions used in the Black Scholes option-pricing model for these warrants were as follows:

Average risk-free interest rate	0.71	%
Average expected life- years	2
Expected volatility	49.01	%
Expected dividends	4.01	%