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5. DERIVATIVE LIABILITIES (Tables)
6 Months Ended
Jun. 30, 2015
Re-acquisition of distributorship  
Schedule of financial assets and liabilities by level

 

      Fair Value Measurement at June 30, 2015  
Liabilities:   Carrying Value at June 30, 2015     Level 1     Level 2     Level 3  
  Warrant derivative liabilities   $ 497     $ -     $ -     $ 497  
Total   $ 497     $ -     $ -     $ 497  

 

            Fair Value Measurement at December 31, 2014  
Liabilities:   Carrying Value at December 31, 2014     Level 1     Level 2     Level 3  
  Warrant derivative liabilities   $ 1,708     $ -     $ -     $ 1,708  
Total   $ 1,708     $ -     $ -     $ 1,708  

 

Fair Value Of Derivative Warrant Liabilities Using Black-Scholes Option Pricing Model
Dividend yield: 0%
Expected volatility 78% to 237%
Risk free interest rate 0.13% to 1.07%
Expected life (years) 0.58 to 2.32
The Following Table Sets Forth The Changes In Derivative Liabilities
Balance, December 31, 2014   $ (1,708 )
  Derivative warrants exchanged for debt     1,693  
  Loss on change in fair value of derivative liabilities     (482 )
Balance, June 30, 2015   $ (497 )