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5. Derivative Liability: Schedule of Derivative Liabilities (Tables)
12 Months Ended
Dec. 31, 2014
Tables/Schedules  
Schedule of Derivative Liabilities

During the years ended December 31, 2014 and 2013, the Company had the following activity in its derivative liability account:

 

 

 

Derivative liability at December 31, 2012

$-

Derivative liability at inception of new debt

1,269,103

Elimination of liability on conversion

(982,668)

Loss on derivative liability

1,818,414

Derivative liability at December 31, 2013

2,104,849

Derivative liability at inception of new debt

1,127,938

Derivative liability at issuance of warrants

2,334

Elimination of liability on conversion

(1,014,809)

Elimination of liability for cash payments

(26,659)

Loss on derivative liability

524,999

 

 

Derivative liability at December 31, 2014

$2,718,652