15. DERIVATIVE WARRANT LIABILITY (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Warrant Liability Tables

Schedule of liabilities

	June 30, 2014
Risk-free interest rate		0.03	%
Expected dividend yield		0.00	%
Expected term (in years)		3
Expected volatility		33	%

Changes in derivative warranty liability

Changes in the derivative warrant liability for the three and six month periods June 30, 2014 are as follows:

	Three Months Ended  June 30, 2014			Six Months Ended  June 30, 2014
Balance at beginning period		1,147,640			—
Fair value of warrants issued		—			1,368,908
Increase in derivative liability resulting from anti-dilution provision in agreement with Full Circle		—			153,994
Increase (decrease) in the fair value of warrant liability		(223,876	)		(599,138	)
Balance at end of period		923,764			923,764

Change in Gain (loss) on derivative liability

	Three Months Ended		Six Months Ended
	June 30, 2014		June 30, 2014
Change in Gain (loss) on derivative liability
Balance at January 1, 2014 and March 31, 2014		647,640		—
Original Recognition on Derivative liabilty		—		(868,908	)
Changes in estimated fair market liability		223,876		445,144
Gain, (loss) on derivative liabilty as of June 30, 2014		423,764		423,764