6. CONVERTIBLE NOTES PAYABLE AND FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Short Term Convertible Debt

					Convertible
					Notes Payable,
	Amount		Discount		net of discount
Pegasus Note	$	100,000	$	–	$	100,000
Gemini Master Fund – Third Amended and Restated secured bridge Note		856,325		126,035		730,290
	$	956,325	$	126,035	$	830,290

Assets and liabilities measured at fair value on a recurring and non-recurring basis

			Fair value Measurements at March 31, 2015
	Carrying Value at
	March 31, 2015		(Level 1)		(Level 2)		(Level 3)
Embedded Conversion Option Liability	$	148,200	$	–	$	–	$	148,200

Summary of activity of Level 3 liabilities

Balance December 31, 2014	$	355,611
Change in Fair Value		(207,411	)
Balance March 31, 2015	$	148,200

Assumptions used for fair value calculations

Assumptions
Expected term	.25
Expected Volatility	169.83%
Risk free rate	0.66%
Dividend Yield	0.00%