10. DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Liabilities Tables

Fair value of the derivative warrant liabilities by using the Black-Scholes Option Pricing Model

Year	2013	2014
Dividend yield:	0%	0%
Expected volatility	106.09%  to 196.26%	103.35%  to 155.36%
Risk free interest rate	.07% to 1.75%	.13% to 1.07%
Expected life (years)	0.16 to 5.00	0.82 to 2.57

Changes in fair value of derivative liabilities

Balance, December 31, 2012	$	(1,336,574	)
Fair value of warrant derivatives on date of grant		(812,705	)
Convertible debt derivatives recognized as derivative loss		(151,336	)
Convertible debt derivatives recognized as debt discount		(617,399	)
Resolution of warrant derivatives upon exercises		48,630
Resolution of convertible debt derivatives upon conversions		1,311,702
Gain on change in fair value of derivative liabilities		516,832
Balance, December 31, 2013		(1,040,850	)
Convertible debt derivatives recognized as derivative loss		(22,500	)
Convertible debt derivatives recognized as debt discount		(90,000	)
Resolution of convertible debt derivatives upon conversions		132,417
Resolution of convertible debt derivatives upon debt payoff		59,311
Resolution of warrant derivatives no longer qualifying as derivative liabilities		918,580
Gain on change in fair value of derivative liabilities		41,334
Balance, December 31, 2013	$	(1,708	)