DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Assumptions for fair value of convertible instruments granted under Black-Scholes option pricing model

The Company used the following assumptions for determining the fair value of the convertible instruments granted under the Black-Scholes option pricing model:

	December 31, 2014			December 31, 2013
Expected volatility		357	%		235% - 320	%
Expected term	2.36 Years			0.48 – 3.61 Years
Risk-free interest rate		0.67	%		0.09% - 1.39	%
Expected dividend yield		0	%		0	%