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DERIVATIVE LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2015 and 2014:
 
 
 
12/31/2015
  
12/31/2014
 
Common stock warrants
 
$
130,028
  
$
20,166
 
Embedded conversion features for convertible debt or preferred shares
  
612,805
   
-
 
 
        
Total
 
$
742,833
  
$
20,166
 
 
        
Beginning balance
 
$
20,166
  
$
95,049
 
Change in derivative liability valuation
  
1,265,611
   
(74,883
)
Change in derivative liability - settlements
  
(542,944
)
    
 
        
Total
 
$
742,833
  
$
20,166