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2. Notes payable (Tables)
 9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Notes payable

Convertible Notes

 

   September 30, 2014   Inception 
Closing stock price  $0.09   $0.13 
Conversion price  $0.13   $0.13 
Expected volatility   124%    135% 
Remaining term (years)   2.63    2.96 
Risk-free rate   0.88%    0.77% 
Expected dividend yield   0%    0% 

 

Convertible notes consist of the following at September 30, 2014 and December 31, 2013:

 

    September 30, 2014     December 31, 2013  
Convertible notes   $ 1,500,000     $ –  
Discount on convertible notes     (1,223,923 )     –  
Accumulated amortization of discount     65,528       –  
Total convertible notes   $ 341,605     $ –