XML 31 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
NOTE 9 - DERIVATIVE LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair value of the embedded derivative liability grant date

 

Grant Date   Fair Value   Term
(Years)
  Assumed Conversion Price   Market Price on Grant Date   Volatility Percentage   Risk-free
Rate
3/20/13   $ 546,119       3.0     $ 0.326     $ 0.465       238 %     0.0038  
                                                 

Fair value of the derivative liabilites

Date   Fair Value   Term
(Years)
  Assumed Conversion Price   Market Price   Volatility Percentage   Risk-free
Rate
  6/30/14     $ 75,722       1.72     $ 0.16     $ 0.21       170 %     0.0049