XML 32 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
DERIVATIVE LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2014
DERIVATIVE LIABILITIES [Abstract]  
Components of derivative financial instruments
The following tabular presentation reflects the components of derivative financial instruments on the Company’s balance sheet at June 30, 2014 and December 31, 2013:
 
 
 
6/30/2014
  
12/31/2013
 
Common stock warrants
 
$
60,666
  
$
95,049
 
Embedded conversion features for convertible debt or preferred shares
  
-
   
-
 
 
        
Total
 
$
60,666
  
$
95,049
 
 
        
Beginning balance
 
$
95,049
  
$
8,025,381
 
Bifurcated amount
  
-
   
-
 
Change in derivative liability valuation
  
(34,383
)
  
(966,736
)
Change in derivative liability - settlements
  
-
   
(6,963,596
)
 
        
Total
 
$
60,666
  
$
95,049