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6. CONVERTIBLE DEBT (Tables)
6 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Convertible Notes potential future financing and fundamental transactions
   

June 30,

2014

    Inception  
Closing stock price   $ 0.30     $ 0.13-0.55  
Conversion price   $ 0.29     $ 0.29  
Expected volatility     165 %     185%-190 %
Remaining term (years)     1.08       2.30-2.07  
Risk-free rate     0.14 %     0.25%-0.43 %
Expected dividend yield     0 %     0 %
Convertible notes
   

June 30,

2014

   

December 31,

2013

 
             
Convertible notes   $ 5,074,000     $ 5,074,000  
Initial Discount on convertible notes     (5,074,000 )     (5,074,000 )
Accumulated amortization of discount     287,896       70,442  
Total convertible notes, net   $ 287,896     $ 70,442