DERIVATIVE LIABILITY (Details) - USD ($) |
Dec. 01, 2014 |
Sep. 30, 2014 |
Sep. 19, 2014 |
Jul. 14, 2014 |
Jun. 30, 2014 |
Mar. 31, 2014 |
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Derivative Liability Details | ||||||
Additional derivative liability recorded | $ 4,768,396 | $ 242,868 | $ 970,766 | $ 2,079,118 | $ 2,671,529 | |
Expected volatility | 126.70% | 127.80% | 135.10% | 135.60% | 145.45% | |
Contractual life of the note in years | 2 | 2 | 2 | 1.04 | 1.27 | |
Annual rate of dividends | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
Risk free rate | 0.58% | 0.59% | 0.48% | 0.47% | 0.44% | |
Balance reclassified to Additional Paid-In Capital | $ 830,891 | |||||
Fair value of the derivative decreased | $ 4,481,478 | $ 5,957,121 | $ 6,135,458 | |||
Note had convertible into shares of common stock at lower price per share or a discount off of ten-day | 25.00% |
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- Definition Additional Derivative Liability Recorded No definition available.
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- Definition Annual rate of dividends No definition available.
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- Definition Balance reclassified to Additional Paid-In Capital No definition available.
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- Definition Contractual life of the note in years No definition available.
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- References No definition available.
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- Definition Expected volatility No definition available.
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- Definition Fair value of the derivative decreased No definition available.
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- Definition Note had convertible into shares of common stock at lower price per share or a discount off of ten-day No definition available.
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- Definition Risk free rate No definition available.
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