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7. FAIR VALUE MEASUREMENT (Tables)
3 Months Ended
Mar. 31, 2016
Fair Value Disclosures [Abstract]  
Schedule of fair value by hierarchy
          Fair Value Measurements at Reporting Date Using  
    December 31, 2015    

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

   

Significant Other

Observable

Inputs

(Level 2)

   

Signifcant

Unobservable

Inputs

(Level 3)

 
Derivative liability   $ 2,820,000     $ -     $ -     $ 2,820,000  
                                 
Stock settled debt     12,500       10,000       -       2,500  
                                 
    $ 2,832,500     $ 10,000     $ -     $ 2,822,500  

 

          Fair Value Measurements at Reporting Date Using  
   

March 31, 2016

(UNAUDITED)

   

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

   

Significant Other

Observable

Inputs

(Level 2)

   

Signifcant

Unobservable

Inputs

(Level 3)

 
Derivative liability   $ 2,640,000           $ -     $ 2,640,000  
                               
Stock settled debt     12,500       10,000       -       2,500  
                                 
    $ 2,652,500     $ 10,000     $ -     $ 2,642,500