v2.4.1.9
Fair value of the conversion feature (Tables)
3 Months Ended
Mar. 31, 2015
Fair value of the conversion feature  
Schedule of Derivative Liabilities at Fair Value

The following schedule shows the change in fair value of the derivative liabilities during the three months ended March 31, 2015:

 

Derivative liabilities - December 31, 2014

 

$

549,187

Add fair value at the commitment date for convertible notes issued during the current quarter

 

 

43,468

Reclassification of derivative liabilities associated with convertible debt that ceased being a derivative liability to additional paid-in capital

 

 

(90,295)

Fair value mark to market adjustment for derivatives

 

 

1,081,942

Derivative liabilities - March 31, 2015

 

 

1,584,302

Less: current portion

 

 

(1,349,763)

Long-term derivative liabilities

 

$

234,539