SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

24. SUBSEQUENT EVENTS

On January 31, 2015 Mr. Alexander F. Purdon, was issued 1,427,401 shares of restricted common stock in lieu of cash for $4,500, employee compensation for the month ended. On February 28, 2015, he was issued 1,924,827 shares of restricted common stock in lieu of cash for $4,500, employee compensation for the month ended. The number of shares issued was based on the weighted average share price during the month.

Conversions of debentures to shares of common stock occurred subsequent to December 31, 2014. The stock was issued upon partial conversion of a convertible note without restrictive legend pursuant to Rule 144, as the holder acquired convertible note issued by the Company more than six months prior to the date of conversion and did not pay any additional consideration for the shares. Conversions were as follows (ref. number corresponds to lender reference number in Note 12. CONVERTIBLE DEBENTURES:

Ref (4) lender –

On January 8, 2015, the lender converted $4,680 of its debenture to 2,340,000 shares , and $1,000 of its accrued interest to 500,000 shares.

On January 22, 2015, the lender converted $4,200 of accrued interest to 2,800,000 shares.

On February 17, 2015, the lender converted $1,080 of accrued interest to 900,000 shares in full satisfaction of all amounts due under this debenture.

On February 23, 2015, the Company was served along with multiple co-defendants in a wrongful death claim. The Company, based on its preliminary review, believes that the claims are without merit. In addition, as the Company was recently served in this matter, it has not determined the potential liability associated with the claims, if any.