Note 5 - Convertible Debentures: Schedule of Derivative Liabilities (Tables)

6 Months Ended

Jun. 30, 2014

Tables/Schedules

Schedule of Derivative Liabilities

	Derivative Liability	Debt Discount	Gain (Loss) on Derivative Liability	Gain on Extinguishment of Debt	Interest Expense
Balance at December 31, 2013	$2,104,849	$(408,194)
Adjustment to derivative liability	(820,145)	-	$820,145	-	-
New debt – debt discount	1,022,715	(403,162)	(661,052)	-
New debt – original issue discount		(1,000)		-
New debt – beneficial conversion feature		(540,089)		-
Amortization of debt discount to interest    expense	-	693,959	-	-	(693,959)
Debt conversions and repayments	(408,621)	69,133	-	(538,141)	-
Balance at June 30, 2014	$1,898,798	$(589,353)	$159,093	$(538,141)	$(693,959)