Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v2.4.0.8
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2013
Accounting Policies [Abstract]  
Carrying amount of the major classes of liabilities

    September 30, 2013     December 31, 2012  
             
Assets   $ -     $ -  
                 
Liabilities                
Accounts Payable and Accrued expenses     (112,397 )     (112,397 )
Liabilities of discontinued operations   $ (112,397 )   $ (112,397 )

Reconciliation of the derivative liability measured at fair value

    Convertible Debt     Warrants     Total  
                   
Balance at December 31, 2012   $ 14,996     $ 35,892       50,888  
Change in fair value of derivative liabilities     (5,603)       (17,204 )     (22,807 )
                         
Balance at September 30, 2013   $ 9,393     $ 18,688     $ 28,081  

Dilutive securities

    September 30, 2013     September 30, 2012  
             
Convertible Debt  (Conversion price - $0.05/share)     750,000       6,867,640  
Stock Warrants (Exercise price - $0.03 - $0.05/share)     36,750,000       36,750,000  
                 
Total             37,500,000       43,617,640