Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2014

Summary of Significant Accounting Policies [Abstract]

Liabilities Measured at Fair Value on a Recurring Basis

September 30, 2014	Level 1		Level 2		Level 3		Total

Derivative liability	$	-	$	688,500	$	-	$	688,500

Liabilities Measured at Fair Value on a Recurring Basis Using Observable Inputs

	Derivative
	Liability
December 31, 2013	$	-
Derivative expense included in financial advisory fees		722,500
March 31, 2014		722,500
Derivative income included in financial advisory fees		(17,000	)
June 30, 2014		705,500
Change in fair value of derivative liability included in interest expense		(17,000)
September 30, 2014	$	688,500

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References+ Details