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DERIVATIVE LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2015
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, 2015 and December 31, 2014:

 
 
6/30/2015
  
12/31/2014
 
Common stock warrants
 
$
129,923
  
$
20,166
 
Embedded conversion features for convertible debt or preferred shares
  
769,607
   
-
 
 
        
Total
 
$
899,530
  
$
20,166
 
 
        
Beginning balance
 
$
20,166
  
$
95,049
 
Change in derivative liabilities due to settlements(542,944)
-
Change in derivative liability valuation
  
1,422,308
   
(74,883
)
 
        
Ending balance
 
$
899,530
  
$
20,166