Fair Value Measurements (Tables) (Inventergy Inc [Member])

12 Months Ended

Dec. 31, 2013

Inventergy Inc [Member]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes the Company's assets and liabilities measured at fair value on a recurring basis at December 31, 2013:

	Fair Value		(Level 1)		(Level 2)		(Level 3)
Promissory notes payable derivative liability	$	534,975	$	-	$	-	$	534,975
Series A-1 preferred stock derivative liability		56,926		-		-		56,926
Total	$	591,901	$	-	$	-	$	591,901

Schedule of Changes in Fair Value of Company’s Level 3 Liabilities

The following sets forth a summary of changes in fair value of the Company’s level 3 liabilities measured on a recurring basis for the year ended December 31, 2013 and for the period from January 12, 2012 (inception) to December 31, 2013:

	Promissory		Series A-1
	Notes Payable		Preferred Stock
	Derivative Liability		Derivative Liability
Balance at December 31, 2012	$	-	$	-
Fair value at issuance		582,903		548,465
Change in fair value		(47,928)		(491,539)
Balance at December 31, 2013	$	534,975	$	56,926