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

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Short Term Convertible Notes - related parties

	Amount
Evey Note	$	83,616
Noble Note		600,000
	$	683,616

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

			Fair value Measurements at March 31, 2016
	Carrying Value at March 31, 2016		(Level 1)		(Level 2)		(Level 3)
Embedded Conversion Option Liability	$	233,845	$	-	$	-	$	233,845

Summary of activity of Level 3 liabilities

Balance December 31, 2015	$	87,992
Change in Fair Value		145,853
Balance March 31, 2016	$	233,845

Assumptions used for fair value calculations

Assumptions
Expected remaining term	0.25
Expected volatility	117.06%
Risk free rate	0.16%
Dividend yield	0.00%