DERIVATIVE LIABLITY (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of ranges of assumptions utilized in estimating the fair value of the conversion options and warrants

The ranges of assumptions utilized in estimating the fair value of the warrants and conversion options during the three months ended March 31, 2016, are as follows:

Expected Volatility	74% to 87%
Expected Term	0.3 to 5.0 Years
Risk Free Rate	0.21% to 1.60%
Dividend Rate	0.00%
Triggering Capital Raise Probabilities	50% - 75%

Schedule of of derivative activity

A summary of derivative activity for the three months ended March 31, 2016 is as follows:

Balance at December 31, 2015	$	25,445,645
New issuances		66,830
Conversion feature reclassified to equity upon conversion of related note payable		(316,734	)
Change in fair value		(12,941,663	)
Balance at March 31, 2016	$	12,254,079