XML 35 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
7. FAIR VALUE MEASUREMENT (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Schedule of fair value by hierarchy

 

             Fair Value Measurements at Reporting Date Using  
          Quoted Prices in     Significant Other     Signifcant  
          Active Markets for     Observable     Unobservable  
    December 31, 2015     Identical Assets     Inputs     Inputs  
      (Unaudited)     (Level 1)     (Level 2)     (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  
          Quoted Prices in     Significant Other     Signifcant  
          Active Markets for     Observable     Unobservable  
    June 30, 2016     Identical Assets     Inputs     Inputs  
    (UNAUDITED)     (Level 1)     (Level 2)     (Level 3)  
Derivative liability   $ 2,700,000           $ -     $ 2,700,000  
                               
Stock settled debt     12,500       10,000       -       2,500  
                                 
    $ 2,712,500     $ 10,000     $ -     $ 2,702,500