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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2015
Accounting Policies [Abstract]  
Reconciliation of Computation for Basic and Diluted EPS

The following is a reconciliation of the computation for basic and diluted EPS:

 

    Six Months Ended  
    June 30,     June 30,  
    2015     2014  
             
Net loss   $ (6,696,333 )   $ (1,078,536 )
                 
Weighted-average common shares outstanding (Basic)     275,215,740       95,051,967  
                 
Weighted-average common shares                
Equivalent                
        Stock options     200,000       200,000  
        Warrants     1,540,625       1,540,625  
                 
Weighted-average common shares outstanding (Diluted)     276,956,365       97,098,847  

Schedule of Assumptions Used

For the binomial lattice options pricing model, the Company used the following assumptions and weighted average fair value ranges as at the transaction date, April 28, 2014, and for the period ended June 30, 2015:

 

Convertible Notes:  

April 28,

2014

   

June 30,

2015

 
Risk free interest rate     0.0577%       0.04%  
Dividend yield     N/A       N/A  
Volatility     86.31%       225.00%  
                 
Warrants:  

April 28,

2014

   

June 30,

2015

 
Risk free interest rate     0.144%       0.04%  
Dividend yield     N/A       N/A  
Volatility     97.33%       225.00%