LOANS PAYABLE SHAREHOLDERS	9 Months Ended
Sep. 30, 2016
LOANS PAYABLE SHAREHOLDERS [Text Block]	NOTE 5 – LOANS PAYABLE – SHAREHOLDERS During the years ended December 31, 2013, 2012 and 2011, the Company entered into various loan agreements and arrangements for loans with certain shareholders. The loans all have different maturity dates ranging from 2011 to 2015 and interest rates that range from 2% to 18%. The Company was in default on loans totalling $982,675 as of September 30, 2016. The shareholders have not called these loans. During the year ended December 31, 2015, a shareholder-creditor transferred $100,000 of its outstanding balance owed by the Company to a third party. The Company and the third party agreed to amend the loan agreement to allow the third party to convert the principal balance into shares of the Company’s stock. The third party converted the principal balance of $100,000 into 6,252,324 shares of the Company’s common stock. The shares had a fair value of $258,141 and the Company recorded a loss on debt extinguishment of $158,141. The Company had an outstanding balance of $2,553,626 and $2,197,082 in loans payable to shareholders as of September 30, 2016 and December 31, 2015, respectively. During the first nine months of 2016, the Company received $1,924,433 in shareholder advances and repaid $960,134. During the first nine months of 2015, the Company received $1,778,106 in shareholder advances and repaid $1,483,494. During the nine months ended September 30, 2016, the Company issued a total of 12,805,000 shares of common stock and 8,100,000 warrants to a shareholder-creditor for payment of outstanding loans payable. The fair value of the shares was $1,402,296 based on the market price on the date of grant which settled loans of $270,893. Accordingly, the Company recognized a loss on settlement in the amount of $1,131,503. The fair value of the warrants was $3,380,000 based on the Black-Scholes method described in Note 10 which settled accounts payable and accrued liabilities to related parties of $531,000. Accordingly, the Company recognized a loss on settlement in the amount of $2,849,000. In August 2016, the Company and shareholder-creditor agreed to cancel the 8,100,000 warrants issued previously, reinstate the loan of $531,000 and reverse the loss on settlement of $2,849,000. An additional 1,500,000 warrants were cancelled, accounts payable and accrued liabilities related parties of $90,000 were reinstated and a loss on settlement of payables of $380,000 was reversed. During the three months ended September 30, 2016 and 2015, interest expense related to these loans was $27,218 and $16,975, respectively. During the nine months ended September 30, 2016 and 2015, the total interest expense on the loans payable to shareholders was $81,655 and $50,925, respectively, and the total interest paid was $3,121 and $4,371, respectively. The Company had an outstanding balance of $2,553,626 and $2,197,082 as of September 30, 2016 and December 31, 2015, respectively.

LOANS PAYABLE SHAREHOLDERS

9 Months Ended

Sep. 30, 2016

NOTE 5 – LOANS PAYABLE – SHAREHOLDERS

During the years ended December 31, 2013, 2012 and 2011, the Company entered into various loan agreements and arrangements for loans with certain shareholders. The loans all have different maturity dates ranging from 2011 to 2015 and interest rates that range from 2% to 18%. The Company was in default on loans totalling $982,675 as of September 30, 2016. The shareholders have not called these loans.

During the year ended December 31, 2015, a shareholder-creditor transferred $100,000 of its outstanding balance owed by the Company to a third party. The Company and the third party agreed to amend the loan agreement to allow the third party to convert the principal balance into shares of the Company’s stock. The third party converted the principal balance of $100,000 into 6,252,324 shares of the Company’s common stock. The shares had a fair value of $258,141 and the Company recorded a loss on debt extinguishment of $158,141.

The Company had an outstanding balance of $2,553,626 and $2,197,082 in loans payable to shareholders as of September 30, 2016 and December 31, 2015, respectively.

During the first nine months of 2016, the Company received $1,924,433 in shareholder advances and repaid $960,134. During the first nine months of 2015, the Company received $1,778,106 in shareholder advances and repaid $1,483,494. During the nine months ended September 30, 2016, the Company issued a total of 12,805,000 shares of common stock and 8,100,000 warrants to a shareholder-creditor for payment of outstanding loans payable. The fair value of the shares was $1,402,296 based on the market price on the date of grant which settled loans of $270,893. Accordingly, the Company recognized a loss on settlement in the amount of $1,131,503. The fair value of the warrants was $3,380,000 based on the Black-Scholes method described in Note 10 which settled accounts payable and accrued liabilities to related parties of $531,000. Accordingly, the Company recognized a loss on settlement in the amount of $2,849,000. In August 2016, the Company and shareholder-creditor agreed to cancel the 8,100,000 warrants issued previously, reinstate the loan of $531,000 and reverse the loss on settlement of $2,849,000. An additional 1,500,000 warrants were cancelled, accounts payable and accrued liabilities related parties of $90,000 were reinstated and a loss on settlement of payables of $380,000 was reversed.

During the three months ended September 30, 2016 and 2015, interest expense related to these loans was $27,218 and $16,975, respectively. During the nine months ended September 30, 2016 and 2015, the total interest expense on the loans payable to shareholders was $81,655 and $50,925, respectively, and the total interest paid was $3,121 and $4,371, respectively. The Company had an outstanding balance of $2,553,626 and $2,197,082 as of September 30, 2016 and December 31, 2015, respectively.