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

9 Months Ended

Sep. 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	(1,093,610)	-	$1,093,610	$-	$-
New debt – debt discount	2,208,054	(801,502)	(1,448,052)	-	-
New debt – original issue discount	-	(4,500)	-	-	-
New debt – beneficial conversion feature	-	(730,073)	-	-	-
Amortization of debt discount to interest    expense	-	1,061,124	-	-	(1,061,124)
Debt conversions and repayments	(576,325)	95,175	-	(470,480)	-
Balance at September 30, 2014	$2,642,968	$(787,970)	$354,442	$(470,480)	$(1,061,124)