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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
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 March 31, 2016:

 

Convertible Notes:  

April 28,

2014

   

March 31,

2016

 
Risk free interest rate     0.0577%       N/A  
Dividend yield     N/A       N/A  
Volatility     86.31%       N/A  

 

Warrants:  

April 28,

2014

   

March 31,

2016

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