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6. CONVERTIBLE DEBT (Tables)
 12 Months Ended
Dec. 31, 2013
Convertible Debt Tables  
Convertible Notes and Warrants potential future financing and fundamental transactions

Convertible Notes

 

    December 31, 2013      Inception  
Closing stock price   $ 0.42     $ 0.13-0.55  
Conversion price   $ 0.29     $ 0.29  
Expected volatility     175 %     185%-190 %
Remaining term (years)     1.58       2.30-2.07  
Risk-free rate     0.28 %     0.25%-0.43 %
Expected dividend yield     0 %     0 %

 

Warrants

 

    December 31, 2013     Inception  
Closing stock price   $ 0.42     $ 0.13-0.55  
Exercise price   $ 0.30     $ 0.30  
Expected volatility     230 %     250 %
Remaining term (years)     4.58       5.30-5.09  
Risk-free rate     1.54 %     0.76%-1.61 %
Expected dividend yield     0 %     0 %
Convertible notes

Convertible notes consist of the following at December 31, 2013 and December 31, 2012:

 

    December 31, 2013     December 31, 2012  
             
Convertible notes   $ 5,074,000     $ -  
Initial discount on convertible notes     (5,074,000 )     -  
Accumulated amortization of discount     70,442       -  
Total convertible notes   $ 70,442     $ -