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DERIVATIVE LIABILITIES (Tables)
9 Months Ended
Sep. 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 September 30, 2015 and December 31, 2014:
 
  
9/30/2015
  
12/31/2014
 
Common stock warrants
 
$
129,923
  
$
20,166
 
Embedded conversion features for convertible debt or preferred shares
  
703,046
   
-
 
         
Total
 
$
832,969
  
$
20,166
 
         
Beginning balance
 
$
20,166
  
$
95,049
 
Change in derivative liabilities due to settlements
  
(542,944
)
  
-
 
Change in derivative liabilities valuation
  
1,355,747
   
(74,883
)
         
Ending balance
 
$
832,969
  
$
20,166