CONVERTIBLE DEBT (Tables)

3 Months Ended

Mar. 31, 2016

CONVERTIBLE DEBT [Abstract]

Information relating to convertible notes payable

Information relating to the April 2015 Note is as follows:

					As of March 31, 2016
Transaction	Initial  Principal Amount	Interest Rate	Maturity Date	Conversion Price (1)	Principal Balance	Unamortized Debt Discount	Unamortized Debt Issuance Costs	Carrying Value
April 2015 Note	$550,000	10.0%	08/12/2016		$ 215,000	$ 19,000	$  13,559	$  182,441
Total	$550,000				$ 215,000	$ 19,000	$  13,559	$  182,441

(1) As part of the April 2015 Note, at our option, subject to certain volume, price and other conditions, the monthly installments of principle and interest due under the April 2015 Note may be paid in whole, or in part, in cash or in Common Stock.  If the monthly installments are paid in Common Stock, such shares being issued will be based on a price that is 80% of the average of the three lowest volume weighted average prices of the shares of Common Stock during the preceding twenty trading days.  The percentage declines to 70% if the average of the three lowest volume weighted average prices of the shares of Common Stock during the preceding twenty trading days is less than $0.05 per share.

Schedule of future minimum payments relating to our convertible notes payable

The future minimum payments relating to the April 2015 Note, as of March 31, 2016, are as follows:

	Payments Due By Period
Transaction	Total	2016	2017	2018	2019	2020
April 2015 Note	$    215,000	$    215,000	$  ---	$  ---	$    ---	$   ---
Total	$    215,000	$    215,000	$  ---	$  ---	$    ---	$   ---