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COMMON STOCK WARRANTS (Details Narrative) (USD $)
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0 Months Ended | 3 Months Ended | 75 Months Ended | ||||
|---|---|---|---|---|---|---|---|
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Dec. 30, 2013
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Oct. 02, 2013
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2013
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Jan. 07, 2014
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Jan. 02, 2014
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| Fair Value assumptions: | |||||||
| Stock price | $ 7.96 | ||||||
| Warrants outstanding | 26,667 | 100,000 | 100,000 | 20,550 | |||
| Warrants issued for services | $ 111,339 | $ 556,534 | $ 599,989 | ||||
| Consulting Expense, as recorded in professional fees | 700,393 | ||||||
| Intrinsic value of warrants | $ 29,600,000 | $ 29,600,000 | |||||
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Warrants
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| Fair Value assumptions: | |||||||
| Dividend yield | 0.00% | ||||||
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Warrants | Lower Range
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| Fair Value assumptions: | |||||||
| Stock price | $ 0.63 | $ 0.63 | |||||
| Expected term | 3 years | ||||||
| Exercise Price | $ 1.50 | $ 1.50 | |||||
| Risk free interest rate | 0.21% | ||||||
| Volatility rate | 114.00% | ||||||
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Warrants | Upper Range
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| Fair Value assumptions: | |||||||
| Stock price | $ 7.96 | $ 7.96 | |||||
| Expected term | 5 years | ||||||
| Exercise Price | $ 7.96 | $ 7.96 | |||||
| Risk free interest rate | 2.90% | ||||||
| Volatility rate | 276.00% | ||||||