Annual report pursuant to Section 13 and 15(d)

Convertible Notes Payable (Tables)

v3.3.1.900
Convertible Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2015
Notes Payable and Convertible Notes Payable [Abstract]  
Schedule of convertible notes payable

Convertible Note   Issuance Date   Maturity Date   Interest Rate     Original Borrowing     Balance at December 31, 2015  
                                 
Note 1   October 2, 2014   December 31, 2015     5.0 %   $ 100,000     $ 100,000  
Note 2   June 10, 2015   March 13, 2016     8.0 %   $ 28,000       -  
Note 3   December 23, 2015   September 23, 2016     8.0 %     21,000       21,000  
                                 
Total                           121,000  
                                 
Debt Discount                     (9,333 )
                                 
Net balance                       $ 111,667  
Schedule of fair value embedded derivative movement

 

Embedded Derivative Liabilities

   Fair Value at Date of Issuance     Changes in Fair Value  2015     Fair Value at December 31, 2015  
                   
Note 1 – Issued in 2014   $ 70,334     $ 5,856     $ 76,190  
Note 2 – Issued in 2015   $ 20,000       (20,000 )     -  
Note 3 – Issued in 2015   $ 10,500       21,000       31,500  
                         
Total           $ 6,856     $ 107,690  

 

Description   Fair Value at Date of Issuance     Changes in Fair Value 
2014		     Fair Value at December 31, 2014  
                         

Embedded derivative liabilities

   $ 70,334     $ -     $ 70,334