v2.4.1.9

Schedule of liabilities measured at fair value on a recurring basis (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of liabilities measured at fair value on a recurring basis

Schedule of liabilities measured at fair value on a recurring basis

The following is the major category of liabilities measured at fair value on a recurring basis as of December 31, 2014, using quoted prices in active markets for identical liabilities (Level 1); significant other observable inputs (Level 2); and significant unobservable inputs (Level 3):

Derivative Liabilities from Convertible Notes (Level 3)	$	524,359
Derivative Liabilities from Convertible Note Warrants (Level 3)		24,826
Total	$	549,185

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

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