Note 3 - Fair Value of Financial Instruments: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)

3 Months Ended

Mar. 31, 2014

Tables/Schedules

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

	Total	Level 1	Level 2	Level 3
March 31, 2014:
Derivative liability	$      1,886,285	$               -	$               -	$      1,886,285
Convertible debentures	856,602	-	-	856,602
Current portion of long-term debt	15,928	-	-	15,928
Long-term debt, net of current portion	7,157	-	-	7,157
Total liabilities measured at fair value	$      2,765,972	$               -	$               -	$      2,765,972

	Total	Level 1	Level 2	Level 3
December 31, 2013:
Derivative liability	$      2,104,849	$               -	$               -	$      2,104,849
Convertible debentures	592,095	-	-	592,095
Current portion of long-term debt	13,979	-	-	13,979
Long-term debt, net of current portion	9,106	-	-	9,106
Total liabilities measured at fair value	$      2,720,029	$               -	$               -	$      2,720,029