Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITY (Tables)

v2.4.0.8
DERIVATIVE LIABILITY (Tables)
1 Months Ended 5 Months Ended 6 Months Ended
Apr. 24, 2014
May 01, 2014
Aug. 20, 2014
Aug. 21, 2014
Sep. 30, 2014
Schedule of Share-based Payment Award, Warrant Liabilities, Valuation Assumptions [Table Text Block]
    Conversion feature  
Stock price $ 0.3275  
Term (Years)   Less than 1  
Volatility   331%  
Exercise prices $ 0.43  
Dividend yield   0%  
    Issuance Warrants     Placement agent Warrants  
Stock price $ 0.15   $ 0.15  
Term (Years)   5     5  
Volatility   306%     306%  
Exercise prices $ 0.15   $ 0.1875  
Dividend yield   0%     0%  
    New Warrants  
Stock price $ 0.12  
Term (Years)   5  
Volatility   247%  
Exercise prices $ 0.125  
Dividend yield   0%  
    Existing Warrants  
Stock price $ 0.17  
Term (Years)   5  
Volatility   247%  
Exercise prices $ 0.10  
Dividend yield   0%  
    Warrants (including placement agent)  
Stock price $ 0.1081  
Term (Years)   4 to 5  
Volatility   223%  
Exercise prices $ 0.55 to 0.125  
Dividend yield   0%  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]  
          Fair Value Measurement at May 1, 2014  
    Carrying                    
    Value at                    
    May 1, 2014     Level 1     Level 2     Level 3  
Liabilities:                        
                         
Derivative warrant liability $ 216,236   $   -   $   -   $ 216,236  
Derivative placement agent warrant liability $ 23,787   $   -   $   -   $ 23,787  
Total derivative liability $ 240,023   $   -   $   -   $ 240,023  
 
          Fair Value Measurement at August 21, 2014  
      Carrying                        
      Value at                          
    August 21, 2014     Level 1     Level 2     Level 3  
Liabilities:                        
                         
Derivative warrant liability $ 149,687 $     -   -   $ 149,687  
          Fair Value Measurement at September 30, 2014  
    Carrying                    
    Value at                    
    September 30, 2014     Level 1     Level 2     Level 3  
Liabilities:                        
                         
Derivative convertible debt liability $   -   $   -   $   -   $   -  
Derivative warrant liability convertible preferred stock $ 29,928   $ -   $ -   $ 29,928  
Derivative warrants liability on common stock issuance
            including placement agent warrants
$ 136,020   $ -   $ -   $ 136,020  
Total derivative liability $ 165,948   $   -   $   -   $ 165,948  
Schedule of Derivative Liabilities at Fair Value [Table Text Block]        
    Three Months  
    Ended  
    September 30, 2014  

Derivative liability at March 31, 2014

$ 337,998  

Redemption of convertible preferred stock

  (56,098 )

Warrants issued May 1, 2014

  216,236  

Placement agent warrants May 1, 2014

  23,787  

Exercise of Warrants August 21, 2014

  (168,273 )

Issuance of warrants August 21, 2014

  167,384  

Change in derivative liability – mark to market

  (355,086 )

Derivative liability at September 30, 2014

$ 165,948