XML 55 R20.htm IDEA: XBRL DOCUMENT v3.3.0.814
NOTE 5 - DERIVATIVE LIABILITIES (Tables)
9 Months Ended
Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Liabilities

      Derivative Liabilities  
Fair value at the commitment date-May 8, 2015     $ 331,434    
Fair value mark to market adjustment       114,717     
Balances as of September 30, 2015       216,717    

 

Assumptions used

    Commitment Date   Remeasurement Date
 Expected dividends     0%       0%  
 Expected volatility     167%       183%  
 Expected term      0.5 years        0.1 years   
 Risk free interest rate      0.08%        0.01%  

 

 

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
  3/20/2013     $ 546,119       3.0     $ 0.326     $ 0.465       238 %     0.0038