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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Fair value of financial liabilities on a recurring basis
          Level 1     Level 2     Level 3  
    Total carrying value     Quoted market prices in active markets    

Internal Models with significant

observable market parameters

    Internal models with significant unobservable market parameters  
Derivative liabilities – June 30, 2017   $ 100,875     $ -     $ -     $ 100,875  
Derivative liabilities – December 31, 2016   $ 5,792,572     $ -     $ -     $ 5,792,572  
Changes in recurring fair value measurements included in net loss
    Recurring Fair Value Measurements  
   

Changes in Fair Value

Included in Net Income

 
    Other Income      Other Expense     Total  
Derivative liabilities – June 30, 2017   $ 2,239,350     $ -     $ 2,239,350  
Derivative liabilities – June 30, 2016   $ -     $ 25,540     $ 25,540  
Summary of changes in the fair value of our Level 3 financial liabilities

 

 

   

December

31,

2016

    Recorded New Derivative Liabilities     Reclassification of Derivative Liabilities to Additional Paid in Capital     Change in Estimated Fair Value Recognized in Results of Operations    

June 30,

2017

 
Derivative liabilities   $ 5,792,572     $ 2,410,931     $ (5,863,278 )   $ (2,239,350 )   $ 100,875  
                                         

 

    December 31, 2015    

 

 

Recorded New Derivative Liabilities

    Reclassification of Derivative Liabilities to Additional Paid in Capital     Change in Estimated Fair Value Recognized in Results of Operations     June 30, 2016  
Derivative liabilities   $ 6,199,021     $ 1,778,110     $ -     $ 25,540     $ 8,002,671