DERIVATIVE LIABLITY (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2016, are as follows:

Expected Volatility	66% to 87%
Expected Term	0.4 to 5.0 Years
Risk Free Rate	0.36% to 1.21%
Dividend Rate	0.00%
Triggering Capital Raise Probabilities	50% - 75%

Schedule of of derivative activity

A summary of derivative activity for the six months ended June 30, 2016 is as follows:

Balance at December 31, 2015	$	25,445,645
New issuances		648,836
Conversion feature reclassified to equity upon conversion of related notes payable		(692,850	)
Change in fair value		(17,677,252	)
Balance at June 30, 2016	$	7,724,379