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12. FAIR VALUE DISCLOSURES (Tables)
12 Months Ended
Dec. 31, 2015
PromissoryNoteNonCurrent  
Reconciliation of Level 3 Balances

The following is a description of the valuation methodologies used for instruments measured at fair value:

 

Reconciliation of Level 3 Balances:  
       
Balance January 1, 2013   $ 2,132,026  
Impairment loss on goodwill     -  
Balance January 1, 2014   $ 2,132,026  
Impairment loss on goodwill     (2,132,026 )
Balance December 31, 2014   $ -  
Impairment loss on goodwill     -  
Balance December 31, 2015   $ -