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DERIVATIVE LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2014 and 2013:

Components of derivative financial instruments
 
  
12/31/2014
  
12/31/2013
 
Common stock warrants
 
$
20,166
  
$
95,049
 
Embedded conversion features for convertible debt or preferred shares
  
-
   
-
 
         
Total
 
$
20,166
  
$
95,049
 
         
Beginning balance
 
$
95,049
  
$
8,025,381
 
Bifurcated amount
  
-
   
-
 
Change in derivative liability valuation
  
(74,883
)
  
(966,736
)
Change in derivative liability - settlements
  
-
   
(6,963,596
)
         
Total
 
$
20,166
  
$
95,049