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NOTE 10 - 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   $ 621,658       3.0     $ 0.326     $ 0.465       238 %     0.0038  
                                                 

 

 

Grant Date

 

 

Fair Value

  

Term

(Years)

Exercise Price Market Price on Grant Date

 

Volatility Percentage

 

Risk-free

Rate

3/20/13 $2,092,336 5.0 $0.50 $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
  12/31/13     $ 514,883       2.22     $ 0.126     $ 0.15       275 %     0.0078  
  6/30/14     $ 75,722       1.72     $ 0.16     $ 0.21       170 %     0.0049  
                                                     

 

 

Date

 

Fair Value

 

Term

(Years)

 

Exercise

Price

 

Volatility Percentage

 

Risk-free

Rate

12/31/13 $672,717   4.22 $1.00 275% 0.0175
6/30/14 $761,767   3.72 $1.00 170% 0.0162