4. DERIVATIVE LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2015

Notes to Financial Statements

Derivative Liabilities

	Warrants with Convertible Debt			Warrants with Subscription Agreements			Warrants Issued For Services		TOTAL
Derivative liabilities as of December 31, 2014	$	517,137		$	582,571		$	0	$	1,099,708
Derivative liabilities - generated from new issued warrants		0			125,708			195,422		321,130
Changes in derivative liabilities		937,189			1,314,158			232,241		2,483,588
Exercise of warrant		0			(584,977	)		0		(584,977	)
Warrant - Amendment		(1,454,326	)		(535,380	)		0		(1,989,706	)
Balance as of September 30, 2015	$	0		$	902,080		$	427,663	$	1,329,743

Assumptions Used

	Commitment Date		Remeasurement Date
Expected dividends		0%		0%
Expected volatility		150%		75% - 150%
Expected term		3-5 years		1.83 – 4.70 years
Risk free interest rate		0.75% - 1.1%		0.89% - 1.37%