DERIVATIVE LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Liabilities Tables

Non-Convertible Debenture Assumptions

	December 31, 2015
Expected life (in years)		4.06 – 5.00
Expected volatility		226%
Average risk free interest rate		1.15% - 1.54%
Dividend yield		0%

Summary of quantitative information with respect to valuation methodology

	December 31, 2015
Stock price		$0.07 – $0.16
Strike price		$0.15
Expected life (in years)		0.74 – 1.08
Expected volatility		101% – 119%
Average risk free interest rate		0.28% – 0.60	%

Fair value warrant derivative liabilities measured on a recurring basis

	Fair value		Level 1		Level 2		Level 3		Total
Embedded conversion feature derivative liabilities	$	301,779	$	-	$	-	$	301,779	$	301,779
Warrant derivative liabilities		432,793		-		-		432,793		432,793
Total	$	734,572	$	-	$	-	$	734,572	$	734,572

Level 3 Warrant derivative liabilities measured at fair value

	December 31, 2015
Warrant derivative liabilities
Beginning balance December 31, 2014	$	-
Initial fair value of warrant derivative liability with January 2015 Non-Convertible Debenture		99,999
Initial fair value of warrant derivative liability with January 2015 Non-Convertible Debenture to Former CFO		49,999
Initial fair value of warrant derivative liability with the February 2014 Convertible Debentures		76,299
Change in Fair Value		206,496
Ending Balance December 31, 2015	$	432,793
Embedded conversion feature derivative liabilities
Beginning Balance December 31, 2014	$	-
Initial fair value of embedded conversion feature derivative liabilities with the Q3 2015 Notes		901,784
Change in Fair Value		(600,005	)
Ending Balance December 31, 2015	$	301,779