v3.5.0.2
Note 8 Derivative Liabilities (Tables)
 6 Months Ended
Jun. 30, 2016
Disclosure Text Block [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] The Company recognized that the conversion feature embedded within its convertible debts is a financial derivative. The Generally Accepted Accounting Principles (GAAP) required that the Company’s embedded conversion option be accounted for at fair value. The following schedule shows the change in fair value of the derivative liabilities by June 30, 2016:

Description
  
Amount
  
Derivative liabilities - December 31, 2015
  
$
-
  
Add fair value at the commitment date for convertible notes issued during the current year
    
743,467
  
Fair value mark to market adjustment for derivatives from the first quarter
    
(65,741
)
Derivative liabilities - June 30, 2016
    
677,726
  
Less: current portion
    
590,471
  
Long-term derivative liabilities
  
$
87,255
  
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] Derivative liabilities incurred during the period ended June 30, 2016 were valued based upon the following assumptions and key inputs:

 
Commitment
    
Re-measurement
  
Assumption
  
Date
    
Date
  
Expected dividends:
    
0
%
    
0
%
Expected volatility:
    
679%-783
%
    
398%-640
%
Expected term (years):
  
1-2 years
    
0.6-1.72 years
  
Risk free interest rate:
    
0.51%-0.87
%
    
0.36%-0.73
%