Note 5 - Derivative Liability (Tables)

12 Months Ended

Dec. 31, 2015

Tables/Schedules

Schedule of Derivative Liabilities

During the years ended December 31, 2015 and 2014, the Company had the following activity in its derivative liability account:

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
Derivative liability at inception of new debt	1,227,524
Elimination of liability on conversion	(1,364,115)
Loss on derivative liability	8,270,845
Derivative liability at December 31, 2015	$10,852,906

Derivative Liability, Fair Value Assumptions Text Block

The significant assumptions used in the Black Scholes valuation of the derivative liability at December 31, 2015 are as follows:

Stock price at valuation date: $0.0056	Risk free interest rates: .16% - 1.06%
Conversion prices: $0.00025 - $0.0047	Volatility: 129.22% - 356.07%
Years to maturity: .18 - 1.93