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7. FAIR VALUE MEASUREMENT (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Schedule of fair value by hierarchy
          Fair Value Measurements at Reporting Date Using
          Quoted Prices in     Significant Other     Significant  
    December 31,     Active Markets for     Observable     Unobservable  
    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     Significant  
          Active Markets for     Observable     Unobservable  
    September 30, 2016     Identical Assets     Inputs     Inputs  
    (UNAUDITED)     (Level 1)     (Level 2)     (Level 3)  
Derivative liability – stock warrants   $ 1,540,000       -       -     $ 1,540,000  
Derivative liability – Series C Preferred Stock     1,110,589       -       -       1,110,589  
    $ 2,650,589       -       -     $ 2,650,589