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6. CONVERTIBLE DEBT (Tables)
 6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
Convertible Notes potential future financing and fundamental transactions

The assumptions used in the Monte Carlo Models are as follows:

 

    June 30,     December 31,        
    2015 (Unaudited)     2014     Inception  
Closing stock price   $ 0.55-.64     $ 0.27       0.13-0.55  
Conversion price   $ 0.29     $ 0.29       0.29  
Expected volatility     125 %     114 %     185%-190 %
Remaining term (years)     0.09 - 0.11       0.58       2.30-2.07  
Risk-free rate     0.00 %     0.13 %     .25%-.43 %
Expected dividend yield     0 %     0 %     0 %

 

Warrant

    Inception  
Closing stock price     0.13-0.55  
Conversion price     0.30  
Expected volatility     250 %
Remaining term (years)     5.30-5.09  
Risk-free rate     .76% -(1.61 %)
Expected dividend yield     0 %
Convertible notes
   

June 30,

2015

(Unaudited)

     December 31, 2014  
             
Convertible notes   $ -     $ 5,074,000  
Less: Debt discount     -       3,996,033  
Convertible notes, net   $ -     $ 1,077,967