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Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Summary of Fair Value Measured on Recurring Basis

The financial instrument that is measured at fair value on a recurring basis is summarized as follows as of September 30, 2015:

 

Liabilities

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

September 30, 2015

 

Derivative liability - embedded conversion feature

 

$

 

 

$

 

 

$

132,144

 

 

$

132,144

 

 

Summary of Change in Level 3 Liability Measured at Fair Value on Recurring Basis

The following table shows the change in Level 3 liability measured at fair value on a recurring basis for the period ended September 30, 2015:

 

 

Derivative liability embedded conversion feature

 

Balance, December 31, 2014

 

$

 

Issuance during 2015

 

 

66,227

 

Unrealized loss on change in fair value

 

 

65,917

 

Balance, September 30, 2015

 

$

132,144