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6. CONVERTIBLE DEBT (Tables)
9 Months Ended
Sep. 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 %