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CONVERTIBLE NOTES AND DERIVATIVE LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Schedule of Convertible Note

On April 28, 2014, the Convertible Note was issued as follows:

 

Total Convertible Note   $ 552,500  
Legal fees     ( 2,500 )
Original Issue Discount     ( 50,000 )
         
Net Convertible Note   $ 500,000  

 

Of the $500,000, the Company received net proceeds of $222,500 (after payment of legal fees of $2,500 and consideration of the original issue discount of $25,000).

 

As at April 28, 2014, the allocation of the debt facility was as follows:

 

Cash   $ 222,500  
Investor notes receivable     250,000  
Assets recorded     472,500  
         
Derivative Liabilities –        
    Convertible notes – Investors     76,835  
    Warrants – Investors     200,715  
      277,550  
         
Convertible notes – Carrying value     58,541  
Non-convertible notes – Carrying value        136,409  
      194,950  
         
Liabilities recorded   $ 472,500