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8. Derivative Liabilities (Tables)

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Derivative Liabilities - Fair Value

		March 31, 2016 Unaudited				December 31, 2015 (Audited)
Fair value at the commitment date - convertible debt		$	4,892,234			$	4,892,234
Fair value at the commitment date - warrants			677,214				677,214
Reclassification of derivative liabilities to additional paid in capital related to warrants exercised that ceased being a  derivative liability			(404,382	)			(404,382	)
Extinguishment of Derivative Liability - Conversion of Interest to Shares			(209,604	)			(209,604	)
Fair value mark to market adjustment - stock options			105,624				108,548
Fair value mark to market adjustment - convertible debt			16,676,856				18,661,058
Fair value mark to market adjustment - warrants			423,032				432,770
Totals		$	22,160,974			$	24,157,838

Derivative Liabilities - Assumptions Used

		Commitment Date				Re-measurement Date
Expected dividends			0	%			0	%
Expected volatility			150	%			150	%
Expected term			2 5 years				0.00 – 3.24 years
Risk free interest rate			0.29% 1.68	%			0.21% 1.21%	%

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- Definition

Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

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Tabular disclosure of derivative liabilities at fair value.

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