DERIVATIVE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2015

Derivative Liabilities Tables

Derivative warrant liability

	2015		2014
Derivative warrant liability as of January 1	$	208,155	$	1,119,155
Loss (gain) on revaluation		7,845		(533,000	)
Derivative warrant liability as of June 30	$	216,000	$	586,155

Derivative financing liability

Excess of Market share price over deal share price ($1.70 vs. $1.50)	$	0.20
Potential future share issuance		333,333
	$	66,667
Fair value of warrants utilizing Black-Scholes model		352,333
	$	419,000