XML 62 R20.htm IDEA: XBRL DOCUMENT v2.4.1.9
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Carrying amount of the major classes of liabilities

 

    December 31, 2014     December 31, 2013  
 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, 2013   $ 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  
Change in fair value included in earnings           (7,006 )     (7,006 )
Balance at December 31, 2014   $     $ 4,936     $ 4,936  

 

Dilutive securities

The following are dilutive common stock equivalents during the year ended:

 

    December 31, 2014     December 31, 2013  
 Convertible preferred stock     100,053,330       53,330  
 Stock Options     60,000       -  
 Stock Warrants     245,000       245,000  
   Total     100,358,330       298,330