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Note 4 - Fair Value of Financial Instruments: Schedule of Financial Assets and Liabilities measured at fair value on a recurring basis (Tables)
12 Months Ended
Dec. 31, 2015
Tables/Schedules  
Schedule of Financial Assets and Liabilities measured at fair value on a recurring basis

 

 

 

Carrying Value at

 

Fair Value Measurement at December 31, 2014

 

 

December 31, 2014

 

Level 1

 

Level 2

 

Level 3

 

 

 

 

 

 

 

 

 

Derivative warrant liability

 

$30,520

 

$--

 

$--

 

$30,520

 

 

A summary of the activity of the derivative liability is shown below:

 

 

 

 

Balance, Inception - October 1, 2014

 

$29,940

      Mark to market adjustment at December 31, 2014

 

580

Balance, December 31, 2014

 

30,520

      Mark to market adjustment at December 31, 2015

 

35,420

Balance, December 31, 2015

 

$65,940