XML 40 R23.htm IDEA: XBRL DOCUMENT v3.2.0.727
Notes and Convertible Notes Payable (Tables)
6 Months Ended
Jun. 30, 2015
Notes Payable [Abstract]  
Schedule of notes payable and accrued interest

At June 30, 2015 and December 31, 2014, notes payable and accrued interest consisted of:

 

    June 30,
2015
    December 31,
2014
     
                     
Notes payable and accrued interest - Rasel   $ -     $ 73,282     a.
Note payable and accrued interest - Glendon     -       43,464     b.
Note payable and accrued interest - Third Party Financier 1     22,710       33,959     c.
Note payable and accrued interest - Third Party Financier 2     -       8,592     d.
Note payable and accrued interest - Blackbridge     -       92,451     e.
Note payable - GV Global     16,112       -     f
                     
    $ 38,822     $ 251,748      
Schedule of fair value of the conversion feature at the commitment date

The` Company computed the fair value of the conversion feature at the commitment date, based on the following management assumptions:

 

Expected dividends     0 %
Expected volatility     298 %
Expected term: conversion feature     183 days  
Risk free interest rate     0.11 %