DERIVATIVE LIABLITY (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The ranges of assumptions utilized in estimating the fair value of the warrants and conversion options during the nine months ended September 30, 2016, are as follows:

Expected Volatility	70% to 87%
Expected Term	0.5 to 5.0 Years
Risk Free Rate	0.20% to 1.14%
Dividend Rate	0.00%
Triggering Capital Raise Probabilities	50% - 75%

Schedule of derivative activity

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

Balance at December 31, 2015	$	25,445,645
New issuances		648,836
Conversions feature reclassified to equity upon conversion of related notes payable		(692,850	)
Change in fair value		(16,082,616	)
Balance at September 30, 2016	$	9,319,015