NOTE 4. NOTES PAYABLE (Details Narrative) - USD ($) |
12 Months Ended | |
---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
|
Interest expense | $ 198,327 | $ 188,046 |
Beneficial Conversion Feature Interest Expense | 23,750 | 32,996 |
Note discount | 6,250 | 5,000 |
Borrowing under convertible notes | 110,000 | |
Convertible Notes | 103,395 | 103,395 |
Fair value adjustments - equity obligation | $ (25,456) | 21,559 |
Dividend yield | 0.00% | |
Expected life | 1 year | |
Fair value derivative liability | $ 0 | $ 25,456 |
Minimum [Member] | ||
Risk free interest rate | 0.10% | |
Volatility | 128.00% | |
Maximum [Member] | ||
Risk free interest rate | 0.21% | |
Volatility | 354.00% |
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- Definition Custom Element. No definition available.
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- Definition Custom Element. No definition available.
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- Definition Custom Element. No definition available.
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Expected dividends to be paid to holders of the underlying shares or financial instruments (expressed as a percentage of the share or instrument's price). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period the instrument, asset or liability is expected to be outstanding, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Risk-free interest rate assumption used in valuing an instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate amount of interest expense on all borrowings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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