Quarterly report pursuant to Section 13 or 15(d)

Disclosure About Fair Value (Tables)

v3.3.0.814
Disclosure About Fair Value (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value of Measured Assets and Liabilities

Assets and liabilities measured at fair value on a recurring basis are summarized in the following tables according to FASB ASC 820 pricing levels.

 

    Fair Value Measurement Using  
          Quoted prices              
          in active     Significant        
          markets of     other     Significant  
          identical     observable     Unobservable  
    Recorded     assets     inputs     Inputs  
    value      (Level 1)       (Level 2)      (Level 3)    
September 30, 2015                                
Assets:                                
Available-for-sale securities   $ 35,362     $ 35,362     $ -     $ -  
Liabilities:                                
Embedded conversion feature   $ 1,150,300     $ -     $ -     $ 1,150,300  
Warrants   $ 168,361                     $ 168,361  
December 31, 2014                                
Assets:                                
Available-for-sale securities   $ 35,362     $ 35,362     $ -     $ -  
Liabilities:                                
Embedded conversion feature   $ 1,610,900     $ -     $ -     $ 1,610,900  
Warrants   $ 334,300     $ -     $ -     $ 334,300