Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

Fair Value Measurements

A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the Company’s warrant liabilities that are categorized within Level 3 of the fair value hierarchy as of September 30, 2015 and December 31, 2014 is as follows:

Date of Valuation	September 30, 2015			December 31, 2014
Stock Price	$	0.46		$	1.00
Volatility	66%			67%
Strike Price	$	0.75		$	0.75
Risk-free Rate		0.0	%		0.21	%
Maturity Date	11/24/15			8/13/15 to 11/24/15

A summary of quantitative information with respect to valuation methodology and significant unobservable inputs used for the Company’s conversion options that are categorized within Level 3 of the fair value hierarchy as of September 30, 2015 is as follows:

Date of Valuation	September 30, 2015
Stock Price	$	0.46
Volatility	68%
Strike Price	$	0.75
Risk-free Rate		0.1	%
Maturity Date	6/26/16

Schedule of Fair Value of the Liabilities Measured on a Recurring Basis

At September 30, 2015 and December 31, 2014, the estimated Level 3 fair values of the liabilities measured on a recurring basis are as follows:

				Fair Value Measurements at September 30, 2015:
	Carrying Value			Level 1			Level 2			Level 3
Earn-out liability		$	535,462		$	-		$	-		$	535,462
Conversion option			207,376			-			-			207,376
Derivative liability – warrants			-			-			-			-
Total securities		$	742,838		$	-		$	-		$	742,838
				Fair Value Measurements at December 31, 2014:
	Carrying Value			Level 1			Level 2			Level 3
Earn-out liability		$	594,216		$	-		$	-		$	594,216
Derivative liability – warrants			47,209			-			-			47,209
Total securities		$	641,425		$	-		$	-		$	641,425

Schedule of Activity for Liabilities Measured at Fair Value using Unobservable Inputs

The following tables present the activity for Level 3 liabilities for the nine months ended September 30, 2015:

Fair Value Measurements Using Level 3 Inputs
	Warrant
	Derivative Liability			Conversion Notes		Earn-out Liability		Total
Balance - December 31, 2014	$	47,209			-		594,216	$	641,425
Additions during the period		-			393,402				393,402
Total Unrealized (gains) or losses include in net loss		(47,209	)		(186,026)		(58,754)		(291,989)
Balance - September 30, 2015	$	-			207,376		535,462	$	742,838

Estimated useful lives

Amortization is calculated using the straight line method over the estimated useful lives at the following annual rates:

	Useful Lives
IP/technology		10
Customer lists		10
Trade-name/marks		10