Convertible Promissory Notes (Tables)

9 Months Ended

Sep. 30, 2014

Convertible Promissory Notes [Abstract]

Schedule of Convertible notes payable

Description	September 30, 2014		December 31, 2013
In connection with the SEA, the Company assumed three convertible promissory notes for an aggregate of $13,670, net of debt discount. The notes mature on September 14, 2014 and accrue interest at a rate of 12% per annum. The note principal is convertible at a price of $.00382 per share. At issuance the fair market value of the Company’s common stock was $.013 per share. The conversion feature of the note is considered beneficial to the investor due to the conversion price for the convertible note being lower than the fair market value of the common stock on the date the note was issued. The beneficial conversion feature was recorded at the debt’s inception as a discount of the debt of $76,429 and is being amortized over the lives of the convertible debt. Amortization of debt discount during the nine months ended September 30, 2014 and 2013 was $53,231 and $0, respectively and the unamortized discount at September 30, 2014 and December 31, 2013 was $0 and $0, respectively. Interest expense recorded on the convertible notes for the nine months ended September 30, 2014 and 2013 was $6,859 and $0, respectively.     One of the holders of the convertible promissory notes with a principal value of $25,476, entered into note purchase and assignment agreements whereby half of the principal of the note was assigned to two separate note holders. The original note was substituted and replaced by two amended and restated 12% convertible promissory notes with restated principal amounts of $12,738 each. All other terms of the original note remain in effect.	$	76,429		76,429

In connection with the SEA, the Company assumed a convertible note for an aggregate of $36,363, net of debt discount. The note matures on November 7, 2014 and interest accrues at a rate of 20% per annum. The note principal is convertible into common stock at the rate of $.001 per share or 50 million shares of the Company’s common stock but such conversion can only take effect upon default of the note. The note is secured by 59,400,000 shares of the Company’s common stock. In conjunction with the note the Company issued 750,000 shares of restricted common stock and 1,000,000 common stock purchase warrants exercisable for twelve months at $.10 per warrant for one share of Company common stock. 
  
The relative fair value of the common stock and warrants at the debt’s inception of $6,884 and $9,121, respectively were recorded as a discount to the debt and are being amortized to debt discount over the life of the debt. The fair value of the warrants was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 1.0 years; volatility of 606.16%; no dividend yield; and a risk free interest rate of 0.11%. Amortization of debt discount during the nine months ended September 30, 2014and 2013 was $13,637 and $0, respectively and the unamortized discount at September 30, 2014 and December 31, 2013 was $0 and $13,637, respectively. Interest expense recorded on the convertible note for the nine months ended September 30, 2014 and 2013 was $7,480 and $0, respectively. 50,000 50,000

On November 17, 2013, the Company issued a $10,000 convertible promissory note. The note matures on May 17, 2015 and accrues interest at a rate of 12% per annum. The note principal and interest are convertible at a price of $.10 per share. In conjunction with the note, the Company issued 100,000 common stock purchase warrants exercisable for twelve months at a price of $.125 per share. The relative fair value of the warrants at inception of $1,297 was recorded as a discount to the debt and is being amortized to debt discount over the life of the debt. The fair value of the warrants was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 1.0 years; volatility of 608.68%; no dividend yield; and a risk free interest rate of 0.13%. 
  
Amortization of debt discount during the nine months ended September 30, 2014 and 2013 was $649 and $0, respectively and the unamortized discount at September 30, 2014 and December 31, 2013 was $544 and $979, respectively. Interest expense recorded on the convertible note for the nine months ended September 30, 2014 and 2013 was $898 and $0, respectively. 10,000 10,000

On January 20, 2014, the Company issued a $5,000 convertible promissory note. The note matures on August 1, 2015 and accrues interest at a rate of 6% per annum. The note principal and interest are convertible at a price of $.10 per share. In conjunction with the note, the Company issued 50,000 common stock purchase warrants exercisable for twelve months at a price of $.125 per share. The relative fair value of the warrants at inception of $651 was recorded as a discount to the debt and is being amortized to debt discount over the life of the debt. The fair value of the warrants was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 1.0 years; volatility of 588.26%; no dividend yield; and a risk free interest rate of 0.11%. Amortization of debt discount during the nine months ended September 30, 2014 and 2013 was $295 and $0, respectively and the unamortized discount at September 30, 2014 and December 31, 2013 was $356 and $0, respectively. Interest expense recorded on the convertible note for the nine months ended September 30, 2014 and 2013 was $58 and $0, respectively.	5,000	-
On February 13, 2014, the Company issued two $5,000 convertible promissory notes. The notes mature on May 31, 2015 and accrue interest at a rate of 12% per annum. The note principal and interest are convertible at a price of $.10 per share. In conjunction with the notes, the Company issued 100,000 common stock purchase warrants exercisable for twelve months at a price of $.125 per share. The relative fair value of the warrants at inception of $3,324 was recorded as a discount to the debt and is being amortized to debt discount over the life of the debt. The fair value of the warrants was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 1.0 years; volatility of 600.29%; no dividend yield; and a risk free interest rate of 0.12%. Amortization of debt discount during the nine months ended September 30, 2014 and 2013 was $1,612 and $0, respectively and the unamortized discount at September 30, 2014 and December 31, 2013 was $1,712 and $0, respectively. Interest expense recorded on the convertible notes for the nine months ended September 30, 2014 and 2013 was $152 and $0, respectively.	10,000	-

On March 10, 2014, the Company issued a $10,000 convertible promissory note. The note matures on December 10, 2015 and accrues interest at a rate of 12% per annum. The note principal and interest are convertible at a price of $.10 per share. In conjunction with the notes, the Company issued 100,000 common stock purchase warrants exercisable for twelve months at a price of $.125 per share. The relative fair value of the warrants at inception of $3,324 was recorded as a discount to the debt and is being amortized to debt discount over the life of the debt. The fair value of the warrants was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 1.0 years; volatility of 600.26%; no dividend yield; and a risk free interest rate of 0.12%.     Amortization of debt discount during the nine months ended September 30, 2014 and 2013 was $1,060 and $0, respectively and the unamortized discount at September 30, 2014 and December 31, 2013 was $2,264 and $0, respectively. Interest expense recorded on the convertible note for the nine months ended September 30, 2014 and 2013 was $671 and $0, respectively.		10,000	-
On April 17, 2014, the Company issued a $10,000 convertible promissory note. The note matures on October 17, 2015 and accrues interest at a rate of 12% per annum. The note principal and interest are convertible at a price of $.10 per share. In conjunction with the notes, the Company issued 100,000 common stock purchase warrants exercisable for twelve months at a price of $.125 per share. The relative fair value of the warrants at inception of $8,000 was recorded as a discount to the debt and is being amortized to debt discount over the life of the debt. The fair value of the warrants was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 1.0 years; volatility of 444.14%; no dividend yield; and a risk free interest rate of 0.11%.     Amortization of debt discount during the nine months ended September 30, 2014 and 2013 was $4,011 and $0, respectively and the unamortized discount at September 30, 2014 and December 31, 2013 was $3,989 and $0, respectively. Interest expense recorded on the convertible note for the nine months ended September 30, 2014and 2013 was $848 and $0, respectively.		10,000	-
On May 29, 2014, the Company issued a $10,000 convertible promissory note. The note matures on December 10, 2015 and accrues interest at a rate of 12% per annum. The note principal and interest are convertible at a price of $.10 per share. In conjunction with the notes, the Company issued 100,000 common stock purchase warrants exercisable for twelve months at a price of $.125 per share. The relative fair value of the warrants at inception of $8,400 was recorded as a discount to the debt and is being amortized to debt discount over the life of the debt. The fair value of the warrants was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 1.0 years; volatility of 290.82%; no dividend yield; and a risk free interest rate of 0.10%.     Amortization of debt discount during the nine months ended September 30, 2014 and 2013 was $4,211 and $0, respectively and the unamortized discount at September 30, 2014 and December 31, 2013 was $4,189 and $0, respectively. Interest expense recorded on the convertible note for the nine months ended September 30, 2014 and 2013 was $408 and $0, respectively.		10,000	-
On July 7, 2014, the Company issued a $10,000 convertible promissory note. The note matures on July 7, 2015 and accrues interest at a rate of 12% per annum. The note principal and interest are convertible at a price of $.10 per share. In conjunction with the notes, the Company issued 100,000 common stock purchase warrants exercisable for twelve months at a price of $.125 per share. The relative fair value of the warrants at inception of $8,400 was recorded as a discount to the debt and is being amortized to debt discount over the life of the debt. The fair value of the warrants was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 1.0 years; volatility of 290.82%; no dividend yield; and a risk free interest rate of 0.12%.     Amortization of debt discount during the nine months ended September 30, 2014 and 2013 was $2,000 and $0, respectively and the unamortized discount at September 30, 2014 and December 31, 2013 was $6,400 and $0, respectively. Interest expense recorded on the convertible note for the nine months ended September 30, 2014 and 2013 was $279 and $0, respectively.		10,000
Total convertible notes payable		191,429	136,429
Less discounts		131,029	93,731
Add amortization		103,725	25,670
Convertible notes net of discount		164,125	68,369
Less net of current portion		154,175	68,369
Convertible notes, net of  non-current	$	9,950	-