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6. CONVERTIBLE DEBT (Tables)
 6 Months Ended
Jun. 30, 2016
Convertible Debt [Abstract]  
Convertible Notes potential future financing and fundamental transactions

Convertible Notes

 

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

 

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

 

Warrants

 

    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 %