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Convertible Debentures (Tables)
12 Months Ended
Dec. 31, 2014
Convertible Debentures [Abstract]  
Summary of convertible debentures

 

   2014  2013 
 2012 Hillair Debentures, net of $144,769 discount $-  $975,231 
 January 2013 Debentures, net of $45,419 discount  -   346,581 
 April 2013 Debentures, net of $79,200 discount  -   480,800 
 2014 Exchange Debentures  1,915,200   - 
 2014 New Debentures, net of $792,798 discount  1,287,702   - 
          
 Total debt  3,202,902   1,802,612 
          
 Less current portion, net of $198,200 discount  800,726   1,802,612 
          
 Long-term debt $2,402,176  $-

 

Schedule of significant assumptions used to measure the fair value

    Date of
Issuance
  December 31,
2014
 
 Stock price $0.25  $0.14 
 Term 1.48 – 1.98 years   0.75 – 1.25 years 
 Volatility  50%  50%
 Risk-free interest rate    0.09 – 0.37 %  0.25%
 Exercise price $0.25  $0.25