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ORGANIZATION AND BASIS OF PRESENTATION (Tables)
6 Months Ended
Jun. 30, 2014
ORGANIZATION AND BASIS OF PRESENTATION  
Schedule of total revenues

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Revenues

 

$

86,908

 

$

182,232

 

$

216,669

 

$

406,529

 

Revenue from related party

 

1,125

 

18,000

 

4,250

 

18,000

 

Revenues from nonmonetary transactions

 

2,925,000

 

 

3,825,000

 

 

Total revenues

 

$

3,013,033

 

$

200,232

 

$

4,045,919

 

$

424,529

 

 

Schedule of nonmonetary transactions supported by vendor-specific objective evidence of fair value

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Revenues from license exchanges

 

$

 

$

 

$

675,000

 

$

 

Revenues from service exchanges

 

2,925,000

 

 

3,150,000

 

 

Revenues from nonmonetary transactions

 

$

2,925,000

 

$

 

$

3,825,000

 

$