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Summary of Significant Accounting Policies: Debt Discount Policy (Policies)
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12 Months Ended |
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Dec. 31, 2014
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| Policies | |
| Debt Discount Policy |
Debt Discount - The Company recognizes the fair value of detachable warrants issued in conjunction with a debt instrument as debt discount. The discount is amortized using the interest method over the life of the notes. The amortization of the discount was $153,617 for the year ended December 31, 2014. |
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- Definition
Disclosure of accounting policy for costs incurred to obtain or issue debt, the effects of refinancings, method of amortizing deferred financing costs and original issue discount, and classifications of debt on the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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