- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References + Details

FAIR VALUE MEASUREMENT (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Derivative liabilities	$ 1,043,217
Level 1
Derivative liabilities
Level 2
Derivative liabilities
Level 3
Derivative liabilities	$ 1,043,217