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7. FAIR VALUE (Tables) | 12 Months Ended
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Dec. 31, 2015
Fair Value Tables |
Financial instruments |
|  | December 31, |  |  | December 31, |
|  | 2015 |  |  | 2014 |
Beginning Balance |  | $ | 1,728,883 |  |  | $ | 7,665,502 |
Change in fair value |  |  | 3,810,955 |  |  |  | (5,936,619 | )
Reclassification to additional paid in capital due to retirement of convertible notes |  |  | (5,539,838 | ) |  |  | - |
Ending Balance |  | $ | - |  |  | $ | 1,728,883 |

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- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
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