DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Liabilities Tables

Summary of changes in fair value of the Company's Level 3 financial liabilities

The following table provides a summary of changes in fair value of the Company's Level 3 financial liabilities as of two years ended December 31, 2015:

	Excess Share Derivative
Balance, December 31, 2013	$	376,940
Transfers in of Level 3 upon exceeding in authorized shares		703,566
Mark-to-market at December 31, 2014		(743,924	)
Balance, December 31, 2014		336,582
Transfers in of Level 3 upon exceeding in authorized shares		628,457
Transfers out of Level 3 upon increasing authorized shares		(583,071	)
Mark-to-market at December 31, 2015		(381,968	)
Balance, December 31, 2015	$	-