NOTE 6 - STOCK SETTLED DEBT OBLIGATION (Tables)

6 Months Ended

Jun. 30, 2015

Note 6 - Derivatives Tables

Fair value of this derivative liability

The Company used Monte Carlo simulations and the following assumptions in estimating the fair value of the embedded conversion option of the derivative liability:

	Issuance Date		December 31, 2014		June 2, 2015		June 18, 2015		June 30, 2015
Expected Volatility	41.50	%	44.10	%	37.40	%	37.70	%	37.20	%
Expected Term	3.00 Years		2.85 Years		2.43 Years		2.39 Years		2.36 Years
Risk-Free Interest Rate	0.51	%	1.02	%	0.64	%	0.66	%	0.64	%
Dividend Rate	—	%	—	%	—	%	—	%	—	%

Change in fair value

Unrealized gains and losses associated with liabilities within the Level 3 category include changes in fair value that were attributable to both observable (e.g., changes in market interest rates) and unobservable (e.g., changes in unobservable long-dated volatilities) inputs.

	Stock Settled
	Debt Obligation
Balance at December 31, 2014	$	65,422
Change in fair value		1,091
Fair value recorded to APIC related to conversion of debenture		(15,953	)
Balance at June 30, 2015	$	50,560