Quarterly report pursuant to Section 13 or 15(d)

NOTE 10 - FAIR VALUE MEASUREMENT (Tables)

v3.5.0.2
NOTE 10 - FAIR VALUE MEASUREMENT (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] The following table provides a summary of changes in fair value of the Company’s level 3 financial liabilities as of September 30, 2016:

 
 
Warrant
Liability
   
Derivative
 
Balance, December 31, 2015
 
$
1,621,199
   
$
285,157
 
Total (gains) losses
               
Transfers out due to conversion of Series C Preferred Stock
   
-
     
(97,897
)
Mark to market to September 30, 2016
   
703,261
     
103,826
 
Balance, September 30, 2016
 
$
2,324,460
   
$
291,086
 
Loss on change in warrant and derivative liabilities for the nine months ended September 30, 2016
 
$
(703,261
)
 
$
(103,826
)