As a result of the application of ASC No. 815, the fair value of the conversion feature is summarized as follow: | | | | | | Derivative liability - December 31, 2012 | | $ | - | | | Fair value at the commitment date for convertible instruments | | | 144,346 | | | Change in fair value of embedded derivative liability | | | (54,974) | | | Derivative liability - December 31, 2013 | | | 89,372 | | | | | | | | | Add Fair value at the commitment date for convertible notes issued during 2014 | | | 1,902,462 | | | Reclassification of derivative liability associated with convertible debt that ceased being a derivative liability to additional paid in capital | | | (1,033,652) | | | Fair value mark to market adjustment for convertible debt | | | (408,997) | | | | | $ | 549,185 | | |