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7. FAIR VALUE MEASUREMENT (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2016
Dec. 31, 2015
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  
          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)

   

Significant Other

Observable

Inputs

(Level 3)

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

 

 

          Fair Value Measurements at Reporting Date Using  
   

 

 

 

December 31, 2014

   

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

   

Significant Other

Observable

Inputs

(Level 2)

   

Significant Other

Observable

Inputs

(Level 3)

 
                         
Interest Rate Swap   $ 40,958     $ -     $ -     $ 40,958  
                                 
Stock settled debt     308,083       235,000       -       67,083  
                                 
Total   $ 349,041     $ 235,000     $ -     $ 108,041