XML 49 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2013
Accounting Policies [Abstract]  
Carrying amount of the major classes of liabilities

   

December 31,

2013

   

December 31,

2012

 
Assets of discontinued operations   $ -     $ -  
Liabilities                
Accounts payables and accrued expenses   $ (112,397 )   $ (112,397 )
Liabilities of discontinued operations   $ 112,397     $ 112,397  

 

Reconciliation of the derivative liability measured at fair value

 

 

Conversion feature

derivative liability

    Warrant liability     Total  
Balance at January 1, 2012   $     $     $  
Recognition of derivative liability     103,313       108,316       211,629  
Change in fair value included in earnings     (88,317 )     (72,424 )     (160,740 )
Balance at December 31, 2012     14,996       35,892       50,888  
Reclassification of derivative liability upon conversion of debt to equity     (6,332)             (6,332
Change in fair value included in earnings     (8,664 )     (23,950 )     (32,614 )
Balance at December 31, 2013   $     $ 11,942     $ 11,942  

 

Dilutive securities
   December 31, 2013  December 31, 2012
Convertible Debt  (Conversion price - $0.05/share)   —      6,867,640 
Stock Warrants (Exercise price - $0.03 - $0.05/share)   36,750,000    36,750,000 
Total   36,750,000    43,617,640