Eventure Interactive (EVTI) Inactive 10-Q19 Nov 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
Document And Entity Information	Sep. 30, 2014	Nov. 17, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Registrant Name	'Eventure Interactive, Inc.	'
Trading Symbol	'EVTI	'
Entity Common Stock, Shares Outstanding	'	26,632,098
Entity Central Index Key	'0001509351	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current Assets	'	'
Cash	$7,497	$67,762
Deposits	15,196	5,000
Total current assets	22,693	72,762
Software development costs	781,423	312,973
Fixed assets, net	54,675	33,049
Intangible asset - domain name	103,750	103,750
Total assets	962,541	522,534
Current Liabilities	'	'
Accounts payable	270,923	121,518
Accrued expenses	408,739	136,070
Related party notes payable	380,000	0
Notes payable, net of discount	46,719	0
Total current liabilities	1,106,381	257,388
Warrant derivative liabilities	2,651,155	0
Total liabilities	3,757,536	257,588
Commitments and contingencies	'	'
Stockholdersâ€™ Equity(Deficit)	'	'
Preferred Stock, $0.001 par value, 10,000,000 authorized, -0- shares issued and outstanding	0	0
Common stock, $0.001 par value, 300,000,000 shares authorized; 24,332,098 and 18,807,500 shares issued and outstanding, respectively	24,332	18,807
Additional paid-in-capital	24,341,872	4,599,514
Accumulated deficit	-27,161,199	-4,353,375
Total stockholdersâ€™ equity (deficit)	-2,794,995	264,946
Total liabilities and stockholdersâ€™ equity (deficit)	$962,541	$522,534

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Sep. 30, 2014	Dec. 31, 2013
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$0.00	$0.00
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share (in dollars per share)	$0.00	$0.00
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	24,332,098	18,807,500
Common Stock, Shares, Outstanding	24,332,098	18,807,500

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenues	$0	$0	$0	$0
General and administrative expenses	1,838,057	516,932	20,606,293	2,623,920
Total operating expenses	1,838,057	516,932	20,606,293	2,623,920
Operating loss	-1,838,057	-516,932	-20,606,293	-2,623,920
Unrealized gain (loss) on warrant derivative liabilities	1,186,483	0	-2,201,531	0
Net loss	($651,574)	($516,932)	($22,807,824)	($2,623,920)
Loss per common share - basic and diluted (in dollars per share)	($0.03)	($0.03)	($1)	($0.14)
Weighted average number of common shares outstanding - basic and diluted (in shares)	24,332,098	18,558,038	22,821,543	18,274,808

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities	'	'
Net loss	($22,807,824)	($2,623,920)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Stock-based compensation	18,922,507	1,893,057
Unrealized loss on warrant derivative liabilities	2,201,531	0
Depreciation expense	14,559	1,775
Changes in operating assets and liabilities:	'	'
Deposits	-10,196	-5,000
Accounts payable	149,405	91,267
Accrued expenses	272,669	-7,009
Net cash used in operating activities	-1,255,630	-649,830
Cash flows from investing activities	'	'
Software development costs	-468,450	-96,250
Acquisition of fixed assets	-36,185	-38,000
Net cash used in investing activities	-504,635	-134,250
Cash flows from financing activities	'	'
Proceeds from loans	545,107	0
Payments of loans	-120,107	0
Proceeds from sale of common stock and warrants	1,275,000	700,000
Net cash provided by financing activities	1,700,000	700,000
Net change in cash	-60,265	-84,080
Cash at beginning of the period	67,762	357,643
Cash at end of the period	7,497	273,563
Supplemental disclosure of cash flow information:	'	'
Cash paid during the period for Income taxes	0	0
Cash paid during the period for Interest	100	0
Noncash investing and financing transactions:	'	'
Fair value of warrant derivative liabilities issued in common stock offering	$449,624	$0

ORGANIZATION_AND_BUSINESS_OPER

ORGANIZATION AND BUSINESS OPERATIONS	9 Months Ended
ORGANIZATION AND BUSINESS OPERATIONS	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	'
	1. ORGANIZATION AND BUSINESS OPERATIONS

	The Company was incorporated in the State of Nevada on November 29, 2010. The Company was in the GPS tracking system business until late in 2012, when the Company redirected all of its efforts into the social media business. On February 20, 2013, the Company filed Amended and Restated Articles of Incorporation with the Nevada Secretary of State to change its name from Live Event Media, Inc. to Eventure Interactive, Inc. (the “Company”).

	Going Concern

	The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred losses since inception resulting in an accumulated deficit of $27,161,199 as of September 30, 2014 and further losses are anticipated in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or the private placement of common stock. These financials do not include any adjustments relating to the recoverability and reclassification of recorded asset amounts, or amounts and classifications of liabilities that might result from this uncertainty.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Business Description and Accounting Policies [Text Block]	'
	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of Presentation

	The accompanying unaudited interim consolidated financial statements of Eventure Interactive, Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s latest Annual Report on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent year ended December 31, 2013, as reported in Form 10-K, have been omitted.

	Principles of Consolidation

	The financial statements include the accounts of the Company and its subsidiary. Intercompany transactions and balances have been eliminated.

	Use of Estimates and Assumptions

	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

	Basic and Diluted Loss Per Common Share

	Basic loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per common share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per common share excludes all potential common shares if their effect is anti-dilutive.

	Since the Company is in a loss position, it has excluded stock options and warrants from its calculation of diluted net loss per common share. At September 30, 2014, the Company has 2,827,500 stock options and 3,550,000 warrants that would have been included in its calculation of diluted net loss per common share if they were not anti-dilutive.

	Software Development Costs

	Costs incurred in the research and development of new software products are expensed as incurred until technological feasibility has been established. After technological feasibility is established, any additional costs are capitalized in accordance with authoritative guidance until the product is available for general release.

	Fixed Assets

	Fixed assets are stated at cost and depreciated using the straight-line method over the estimated useful life of the asset. The Company’s fixed assets are comprised of computer equipment and the estimated life of computer equipment is three years.

	Intangible Asset - Domain Name

	The Company considers the domain name an indefinite-lived intangible asset and will test for impairment on an annual basis. At September 30, 2014, the Company determined that the domain name was not impaired.

	Derivatives

	The Company reviews the terms of the common stock and warrants it issues to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments.

	Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. The Company uses a Black-Scholes model for valuation of the derivative instrument.

	Stock-Based Compensation

	The Company measures stock-based compensation cost at the grant date based on the fair value of the award and recognize it as expense, over the vesting or service period, as applicable, of the stock award using the straight-line method.

	Fair Value Measurements

	As defined in FASB ASC Topic No. 820 – 10, fair value is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC Topic No. 820 – 10 requires disclosure that establishes a framework for measuring fair value and expands disclosure about fair value measurements. The statement requires fair value measurements be classified and disclosed in one of the following categories:

	Level 1:	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. The Company considers active markets as those in which transactions for the assets or liabilities occur in sufficient frequency and volume to provide pricing information on an ongoing basis.

	Level 2:	Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. This category includes those derivative instruments that the Company values using observable market data. Substantially all of these inputs are observable in the marketplace throughout the term of the derivative instruments, can be derived from observable data, or supported by observable levels at which transactions are executed in the marketplace.

	Level 3:	Measured based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable from objective sources (i.e. supported by little or no market activity). The Company’s valuation models are primarily industry standard models. Level 3 instruments include derivative warrant instruments. The Company does not have sufficient corroborating evidence to support classifying these assets and liabilities as Level 1 or Level 2.

	As required by FASB ASC Topic No. 820 – 10, financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. The estimated fair value of the derivative warrant instruments was calculated using the black scholes model.

	Development Stage Change

	In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders’ equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 during 2014.

RELATED_PARTIES

RELATED PARTIES	9 Months Ended
RELATED PARTIES	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	3. RELATED PARTIES

	During July 2013, the Company entered into a one-year lease for office space with an entity that is 12% owned by the Chief Executive Officer (“CEO”) of the Company. The Company incurred expenses of $10,422 to this entity during the nine months ended September 30, 2014.

	During the nine months ended September 30, 2014, the Company’s CEO loaned the Company $220,000 (of which $105,000 has been repaid). The loans bear interest at 1%. At September 30, 2014, $115,000 of the loans are outstanding and owed to the CEO and due in December 2014.

	During the nine months ended September 30, 2014, the Company’s CFO loaned the Company $30,107 (of which $15,107 has been repaid). The loans bear interest at 1%. At September 30, 2014, $15,000 of the loans are outstanding and owed to the CFO and due in December 2014.

	During the nine months ended September 30, 2014, a Director of the Company loaned the Company $250,000, of which $150,000 is payable on demand and $100,000 is due in December 2014. The loans bear interest at 1%.

NOTE_PAYABLE

NOTE PAYABLE	9 Months Ended
NOTE PAYABLE	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	4. NOTE PAYABLE

	During August 2014, the Company received $45,000 in cash for a $50,000 promissory note due in December 2014. The promissory note has no stated interest rate. The Company is recognizing the $5,000 original issue discount as interest expense over the life of the promissory note. As of September 30, 2014, the Company has amortized $1,719 of original issue discount to interest expense.

DERIVATIVE_LIABILITIES

DERIVATIVE LIABILITIES

9 Months Ended

Sep. 30, 2014

Derivative Liability [Abstract]

Derivative Liabilities Disclouse [Text Block]

5. DERIVATIVE LIABILITIES

The Company has determined that certain warrants the Company has issued contain provisions that protect holders from future issuances of the Company’s common stock at prices below such warrants’ respective exercise prices and these provisions could result in modification of the warrants exercise price based on a variable that is not an input to the fair value of a “fixed-for-fixed” option.

The Company issued 1,800,000 warrants in connection with the issuance of 600,000 shares of common stock sold for cash during June 2014. All of the warrants vested immediately. These warrants contain anti-dilution provisions that provide for a reduction in the exercise price of such warrants in the event that future common stock (or securities convertible into or exercisable for common stock) is issued (or becomes contractually issuable) at a price per share (a “Lower Price”) that is less than the exercise price of such warrant at the relevant time. The amount of any such adjustment is determined in accordance with the provisions of the relevant warrant agreement and depends upon the number of shares of common stock issued (or deemed issued) at the Lower Price and the extent to which the Lower Price is less than the exercise price of the warrant at the relevant time. In addition, the number of shares issuable upon exercise of these warrants will be increased inversely proportional to any decrease in the exercise price, thus preserving the aggregate exercise price of the warrants both before and after any such adjustment.

The fair values of these warrants issued were recognized as derivative warrant instruments at issuance and are measured at fair value at each reporting period. The Company determined the fair values of these warrants using the Black-Scholes option pricing model.

Activity for derivative warrant liabilities during the nine months ended September 30, 2014, was as follows:

Initial valuation

of derivative

Increase

liabilities upon

Balance at

issuance of new

fair value of

Balance at

December 31,

warrants during

derivative

September 30,

2013

the period

liability

2014

Derivative warrant instruments

449,624

2,201,531

2,651,155

The fair value of these warrants was valued on the date of the grant using the Black-Scholes option pricing model with the following weighted average assumptions: (1) risk free interest rate 2.61%, (2) term of 8 years, (3) expected stock volatility of 174%, (4) expected dividend rate of 0%, and (5) common stock price of $2.35.

The fair value of these warrants was valued on September 30, 2014 using the Black-Scholes option pricing model with the following weighted average assumptions: (1) risk free interest rate 2.22%, (2) term of 7.66 years, (3) expected stock volatility of 174%, (4) expected dividend rate of 0%, and (5) common stock price of $1.49.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

6. STOCKHOLDERS’ EQUITY

Sales of Common Stock for cash

During 2013, the Company issued 825,000 shares of common stock at a price of $1.00 per share for total cash proceeds of $825,000. The shares issued during 2013 pursuant to the subscription agreements contain anti-dilution protection for one year following the final closing thereunder. If the Company issues common stock at less than $1.00 per share during such one year period or if the Company issues securities during such one year period which are convertible into or exercisable for shares of our common stock with a conversion or exercise price of less than $1.00 per share, then the offering price of $1.00 gets adjusted to the lower price entitling the subscribers to additional shares. The anti-dilution clause pursuant to these subscription agreements expired in October 2014.

During January through March 2014, the Company issued 675,000 shares of common stock at a price of $1.00 per share for total cash proceeds of $675,000.

In June 2014, the Company issued 600,000 shares of common stock at a price of $1.00 per share and 1,800,000 warrants, each exercisable for one share of common stock with an 8-year term and a $1.00 exercise price, for total cash proceeds of $600,000. The Company recorded the issuance of these shares and warrants as follows:

Gross

Offering

Net

Relative

Amount

proceeds

costs

proceeds

fair value

allocated to

common stock

warrants

and paid-in

capital

Jun-14

600,000

449,624

150,376

Common Stock issued for Services

During March 2013, the Company entered into a consulting agreement with Hart Partners LLC to perform certain services on behalf of the Company. In accordance with the consulting agreement with Hart Partners LLC, the Company issued 25,000 shares of common stock during the year ended December 31, 2013. The common stock was valued at the grant date closing price of $2.38 per share, and totaled $59,500 which the Company recorded as stock compensation.

On January 28, 2014, the Company issued 850,000 shares of common stock in aggregate to its CEO, CFO and President for services. The common stock was valued at the grant date closing price of $3.19 per share, and totaled $2,711,500 which the Company recorded as stock compensation during the three months ended March 31, 2014. On March 10, 2014, the Company issued 2,800,000 shares of common stock in aggregate to its CEO, CFO and President for services. The common stock was valued at the grant date closing price of $3.16 per share, and totaled $8,848,000 which the Company recorded as stock compensation during the nine months ended September 30, 2014.

During the nine months ended September 30, 2014, the Company issued 599,598 shares of common stock to consultants for services at various dates. The Company recorded stock-based compensation expense of $1,714,714 based on the grant date fair value in connection with the issuance of these shares.

Stock Option Awards

During January 2014, the Company granted options to purchase 177,500 shares of common stock to employees. The options have an exercise price of $1.00 per share and vest over periods of 3 years. The stock price on the grant date was $3.40 per share. The options were valued on the date of the grant using the Black-Scholes option pricing model with the following weighted average assumptions: (1) risk free interest rate 2.00%, (2) term of 10 years, and (3) expected stock volatilities of 184% (4) dividend rate of 0%. As a result, the fair value of these options on the grant date was $597,838 and the intrinsic value was $426,000.

During February 2014, the Company granted options to purchase 25,000 shares of common stock to a consultant. The options have an exercise price of $1.00 per share and vest over 1 year. The stock price on the grant date was $3.15 per share. The options were valued on the date of the grant using the Black-Scholes option pricing model with the following weighted average assumptions: (1) risk free interest rate 2.00%, (2) term of 10 years, and (3) expected stock volatility of 186%. As a result, the fair value of these options on the grant date was $77,565 and the intrinsic value was $53,750.

During March 2014, the Company granted options to purchase 850,000 shares of common stock to its Chief Executive Officer, President and Chief Financial Officer. The options have an exercise price of $1.00 per share and vest over 3 years. The stock price on the grant date was $2.99 per share. The options were valued on the date of the grant using the Black-Scholes option pricing model with the following weighted average assumptions: (1) risk free interest rate 2.00%, (2) term of 10 years, and (3) expected stock volatility of 184%. As a result, the fair value of these options on the grant date was $2,515,575 and the intrinsic value was $1,691,500.

During May 2014, the Company granted options to four employees to purchase 85,000 shares of common stock. The options have an exercise price of $1.00 per share and vest over 4 years. The stock prices on the grant dates were $2.80 - $2.90 per share. The options were valued on the date of the grant using the Black-Scholes option pricing model with the following weighted average assumptions: (1) risk free interest rate 2.54% and 2.66%, (2) term of 10 years, and (3) expected stock volatility of 180%. As a result, the fair value of these options on the grant dates was $241,233 and the intrinsic value was $156,000.

During June 2014, the Company granted options to two employees and a consultant to purchase 160,000 shares of common stock. The options have an exercise price of $1.00 per share and vest over 4 years. The stock prices on the grant dates were $2.15 - $2.50 per share. The options were valued on the date of the grant using the Black-Scholes option pricing model with the following weighted average assumptions: (1) risk free interest rate 2.54%, (2) term of 10 years, and (3) expected stock volatility of 174%. As a result, the fair value of these options on the grant date was $361,124 and the intrinsic value was $205,000.

During July and August 2014, the Company granted options to purchase 425,000 shares of common stock to various individuals. The options have an exercise price of $1.00 per share and vest over 4 years. The stock prices on the grant dates were $2.06 - $2.10 per share. These options were valued on the date of the grants using the Black-Scholes option pricing model with the following weighted average assumptions: (1) risk free interest rate 2.61%, (2) term of 10 years, (3) expected stock volatility of 174%, and (4) expected dividend rate of 0%. The options have an exercise price of $1.00 per share and vest over 0-4 years. The fair value of these stock options on the grant date was approximately $862,124 and the intrinsic value was $459,000.

A summary of stock option activity is presented below:

Weighted-average

Remaining

Aggregate

Number of

Exercise

Contractual

Intrinsic

Price

Term (years)

Value

Outstanding at December 31, 2013

1,433,650

0.54

Granted

1,722,500

Cancelled/Expired

-328,650

0.5

Outstanding at September 30, 2014

2,827,500

0.82

9.06

1,885,475

Exercisable at September 30, 2014

1,157,597

0.71

8.47

901,617

During the nine months ended September 30, 2014 and September 30, 2013, the Company recognized stock-based compensation expense of $2,626,715 and $1,833,557, respectively, related to stock options. As of September 30, 2014, there was $3,137,850 of total unrecognized compensation cost related to non-vested stock.

Warrant Awards

On March 10, 2014, the Company issued warrants to third parties for services to purchase 750,000 shares of its common stock granted with an exercise price of $1.00 per share. The stock price on the grant date was $3.16 per share. As a result, the intrinsic value for these warrants on the grant date was $1,620,000. The fair value of these warrants was approximately $2,361,731 and was valued on the date of the grant using the Black-Scholes option pricing model with the following weighted average assumptions: (1) risk free interest rate 2.67%, (2) term of 10 years, (3) expected stock volatility of 170%, and (4) expected dividend rate of 0%. All of the warrants vest immediately.

On April 30, 2014, the Company issued warrants to a third party to purchase 250,000 shares of its common stock granted with an exercise price of $1.00 per share. The stock price on the grant date was $2.65 per share. As a result, the intrinsic value for these warrants on the grant date was $412,500. The fair value of these warrants was approximately $659,847 and was valued on the date of the grant using the Black-Scholes option pricing model with the following weighted average assumptions: (1) risk free interest rate 2.00%, (2) term of 10 years, (3) expected stock volatility of 170%, and (4) expected dividend rate of 0%. All of the warrants vest immediately.

On June 18, 2014, in connection with the issuance of common stock, the Company issued warrants to a third party to purchase 1,800,000 shares of its common stock granted with an exercise price of $1.00 per share. See note 5.

A summary of warrant activity is presented below:

Weighted-average

Remaining

Aggregate

Number of

Exercise

Contractual

Intrinsic

Price

Term (years)

Value

Outstanding at December 31, 2013

750,000

0.01

Granted

2,800,000

Exercised

Expired/Forfeited

Outstanding and exercisable at September 30, 2014

3,550,000

0.79

8.31

5,535,000

Equity Purchase Agreement

On July 23, 2014, the Company entered into an Equity Purchase Agreement and a Registration Rights Agreement with Kodiak Capital Group, LLC (“Kodiak”) in order to establish a source of funding for the Company. Under the Equity Purchase Agreement, Kodiak has agreed to provide the Company with up to $3,000,000 of funding upon effectiveness of a registration statement on Form S-1. Following effectiveness of the registration statement, the Company can deliver puts to Kodiak under the Equity Purchase Agreement under which Kodiak will be obligated to purchase shares of the Company’s common stock based on the investment amount specified in each put notice, which investment amount may be any amount up to $3,000,000 less the investment amount received by the Company from all prior puts, if any. Puts may be delivered by the Company to Kodiak until the earlier of December 31, 2015 or the date on which Kodiak has purchased an aggregate of $3,000,000 of put shares. The number of shares of the Company’s common stock that Kodiak will purchase pursuant to each put notice will be determined by dividing the investment amount specified in the put by the purchase price. The purchase price per share of common stock will be set at eighty (80%) of the Market Price of the Company’s common stock with Market price being defined as the lowest daily value weighted average trading price for our common stock for any trading day during the five consecutive trading days immediately following the date of the put notice to Kodiak. Upon delivery of a put notice, the Company may designate a floor price for the market price calculation. If the applicable market price is below the floor price, the market price will be deemed to be the floor price. Under such circumstances, Kodiak may, at its option, purchase any amount of shares covered by the put but is not required to purchase any specified amount of shares.

On November 13, 2014 we terminated the Equity Purchase Agreement.

COMMITMENTS

COMMITMENTS	9 Months Ended
COMMITMENTS	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	7. COMMITMENTS

	Consulting Agreements

	On March 5, 2014, the Company entered into a service provider agreement with a consultant with a term of one year. Pursuant to the agreement, the Company is obligated to make $5,000 payments on or around June 15, 2014 and on or around October 15, 2014. The Company was also required to issue the consultant 40,000 shares of the Company’s common stock on or about October 15, 2014, of which none have been issued as of the date of this report.

	During August 2014, the Company entered into a 2-year consulting services agreement with an individual. Pursuant to the agreement, the individual will be paid $50,000 per year. In connection with the consulting services agreement, the individual assigned the Company all of the assets owned by the individual related to the individual’s business operations being conducted through the name Gift Ya Now including, but not limited to, software code base, original design / creative elements, domain name and all strategic business relationships. The assets assigned to the Company had a fair value of $0.

	Employment Agreement

	The Company signed an employment agreement with its Chief Financial Officer. Pursuant to the agreement, in the event the Chief Financial Officer is terminated without cause, the CFO will be entitled to receive all compensation, including any bonus payments, accrued through the date of termination together with all compensation, including bonus payments, earned through the severance period which is defined as a period of 18 months from termination if more than 18 months remain on the term of the employment agreement at the time of termination or as a period of 12 months from termination, if less than 18 months remain on the term of the employment agreement at the time of termination.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
FAIR VALUE MEASUREMENTS	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value, Measurement Inputs, Disclosure [Text Block]	'
	8. FAIR VALUE MEASUREMENTS

	The following table sets forth, by level within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2014:

		Quoted Prices
		In Active		Significant				Total
		Markets for		Other		Significant		Carrying
		Identical		Observable		Unobservable		Value as of
		Assets		Inputs		Inputs		September 30,
	Description	(Level 1)		(Level 2)		(Level 3)		2014
	Derivative liabilities - warrant instruments	$	-	$	-	$	2,651,155	$	2,651,155

	The following table sets forth a reconciliation of changes in the fair value of financial liabilities classified as level 3 in the fair value hierarchy:

		Significant Unobservable Inputs (Level 3)
		Nine months ended September 30,
		2014		2013
	Beginning balance	$	-	$	-
	Additions		449,624
	Change in fair value		2,201,531		-
	Ending balance	$	2,651,155	$	-

	Change in unrealized losses included in earnings	$	2,201,531	$	-

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	9. SUBSEQUENT EVENTS

	On October 9, 2014, we received a $25,000 loan from Rountree Consulting, Inc., a company owned by our CFO, Michael Rountree, paying interest at the rate of 1% per annum. The loan is payable on January 7, 2015.

	On October 14, 2014, we received a $25,000 loan from a director, paying interest at the rate of 1% per annum. The loan is payable on January 12, 2015.

	On October 14, 2014, we received a $40,000 loan from a related party paying interest at the rate of 1% per annum. The loan is payable on January 12, 2015.

	On October 15, 2014, we received a $10,000 loan from a related party paying interest at the rate of 1% per annum. The loan is payable on January 13, 2015.

	On October 31, 2014, we received a $50,000 loan from a shareholder paying interest at the rate of 1% per annum. The loan is payable on December 1, 2014.

	On November 10, 2014, we received a $120,000 loan from our CEO, Gannon Giguiere, paying interest at the rate of 1% per annum. The loan is payable on February 8, 2015.

	On October 22, 2014, we provided a Put Notice to Kodiak for cash proceeds of $300,000 to the Company. The lowest daily value weighted average trading price for our common stock during the pricing period which ended on October 29, 2014 was $0.42038 per share resulting in a Purchase Price of $0.336304 per share. Based thereon, the number of Put shares issued to Kodiak under the Put was 892,050. The excess estimated Put shares (1,407,950 shares) delivered to Kodiak were return to the Company’s transfer agent but have yet to be cancelled. On November 13, 2014 we terminated the Equity Purchase Agreement.

	Effective October 28, 2014, 2014, we entered into a consulting agreement with OTC Media, LLC (the “Consultant”) pursuant to which the Consultant provides us with investor and public relations services. The services may include public relations and direct mail campaigns. In connection therewith, we pay the Consultant a service fee equal to 20% of the cost of the campaigns together with reimbursement for the cost of the campaigns. In November 2014, Consultant conducted a campaign on our behalf at a cost of $100,000 and received a $20,000 service fee. The Consulting Agreement is in effect until December 31, 2015 and is subject to renewal.

	Effective November 1, 2014 we entered into a one-year Marketing and Consulting Agreement (the “Agreement”) with CorProminence LLC (“Cor”), pursuant to which Cor will provide us with shareholder and investor relations services in the form of road shows with the financial community, sponsorship and participation in financial industry trade shows, creation of informational packages for prospective investors, investor relations promotional activities and the production and distribution of executive interviews. In connection with such services, we are paying Cor $10,000 per month, payable monthly in advance (the “Monthly Cash Fee”) and will be issuing to Cor, 217,175 shares of our restricted common stock (the “Compensation Shares”). The Agreement may be terminated by either party for any reason upon 30 days prior written notice (the “Notice”). If the Agreement is terminated by us, Cor is entitled to retain the Monthly Cash Fee paid to Cor after the Notice but prior to the effective date of termination unless such termination is due to Cor’s negligence, gross misconduct or breach of its representations, warranties and a material provision set forth in the Agreement. Further, if we terminate the Agreement for any reason, Cor is required to return to us a proportionate amount of the Compensation Shares based upon the number of days of the one-year term that the Agreement was in effect prior to termination.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis Of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation

	The accompanying unaudited interim consolidated financial statements of Eventure Interactive, Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s latest Annual Report on Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent year ended December 31, 2013, as reported in Form 10-K, have been omitted.

Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation

	The financial statements include the accounts of the Company and its subsidiary. Intercompany transactions and balances have been eliminated.

Use Of Estimates, Policy [Policy Text Block]	'
	Use of Estimates and Assumptions

	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

Earnings Per Share, Policy [Policy Text Block]	'
	Basic and Diluted Loss Per Common Share

	Basic loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per common share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per common share excludes all potential common shares if their effect is anti-dilutive.

	Since the Company is in a loss position, it has excluded stock options and warrants from its calculation of diluted net loss per common share. At September 30, 2014, the Company has 2,827,500 stock options and 3,550,000 warrants that would have been included in its calculation of diluted net loss per common share if they were not anti-dilutive.

Research, Development, and Computer Software, Policy [Policy Text Block]	'
	Software Development Costs

	Costs incurred in the research and development of new software products are expensed as incurred until technological feasibility has been established. After technological feasibility is established, any additional costs are capitalized in accordance with authoritative guidance until the product is available for general release.

Fixed Assets [Policy Text Block]	'
	Fixed Assets

	Fixed assets are stated at cost and depreciated using the straight-line method over the estimated useful life of the asset. The Company’s fixed assets are comprised of computer equipment and the estimated life of computer equipment is three years.

Intangible Assets, Finite-Lived, Policy [Policy Text Block]	'
	Intangible Asset - Domain Name

	The Company considers the domain name an indefinite-lived intangible asset and will test for impairment on an annual basis. At September 30, 2014, the Company determined that the domain name was not impaired.

Derivatives, Policy [Policy Text Block]	'
	Derivatives

	The Company reviews the terms of the common stock and warrants it issues to determine whether there are embedded derivative instruments, including embedded conversion options, which are required to be bifurcated and accounted for separately as derivative financial instruments.

	Bifurcated embedded derivatives are initially recorded at fair value and are then revalued at each reporting date with changes in the fair value reported as non-operating income or expense. The Company uses a Black-Scholes model for valuation of the derivative instrument.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	Stock-Based Compensation

	The Company measures stock-based compensation cost at the grant date based on the fair value of the award and recognize it as expense, over the vesting or service period, as applicable, of the stock award using the straight-line method.

Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Fair Value Measurements

	As defined in FASB ASC Topic No. 820 – 10, fair value is the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC Topic No. 820 – 10 requires disclosure that establishes a framework for measuring fair value and expands disclosure about fair value measurements. The statement requires fair value measurements be classified and disclosed in one of the following categories:

	Level 1:	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. The Company considers active markets as those in which transactions for the assets or liabilities occur in sufficient frequency and volume to provide pricing information on an ongoing basis.

	Level 2:	Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability. This category includes those derivative instruments that the Company values using observable market data. Substantially all of these inputs are observable in the marketplace throughout the term of the derivative instruments, can be derived from observable data, or supported by observable levels at which transactions are executed in the marketplace.

	Level 3:	Measured based on prices or valuation models that require inputs that are both significant to the fair value measurement and less observable from objective sources (i.e. supported by little or no market activity). The Company’s valuation models are primarily industry standard models. Level 3 instruments include derivative warrant instruments. The Company does not have sufficient corroborating evidence to support classifying these assets and liabilities as Level 1 or Level 2.

	As required by FASB ASC Topic No. 820 – 10, financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels. The estimated fair value of the derivative warrant instruments was calculated using the black scholes model.

Development Stage Company [Policy Text Block]	'
	Development Stage Change

	In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders’ equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted. The Company evaluated and adopted ASU 2014-10 during 2014.

DERIVATIVE_LIABILITIES_Tables

DERIVATIVE LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Liability [Abstract]

Schedule Of Derivatives Warrants Liabilities [Table Text Block]

Activity for derivative warrant liabilities during the nine months ended September 30, 2014, was as follows:

Initial valuation

of derivative

Increase

liabilities upon

Balance at

issuance of new

fair value of

Balance at

December 31,

warrants during

derivative

September 30,

2013

the period

liability

2014

Derivative warrant instruments

449,624

2,201,531

2,651,155

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
STOCKHOLDERS' EQUITY (Tables)	Sep. 30, 2014
Stockholders' Equity Note [Abstract]	'
Schedule of Stock Options And Fair Value Adjustments [Table Text Block]	'
	The Company recorded the issuance of these shares and warrants as follows:

			Shares	Gross		Offering		Net		Relative		Amount
				proceeds		costs		proceeds		fair value		allocated to
										allocated to		common stock
										warrants		and paid-in
												capital
	Jun-14		600,000	$	600,000	$	-	$	600,000	$	449,624	$	150,376

Schedule Of Stock Option Awards [Table Text Block]	'
	A summary of stock option activity is presented below:

						Weighted-average
				Weighted-average		Remaining		Aggregate
		Number of		Exercise		Contractual		Intrinsic
		Shares		Price		Term (years)		Value
	Outstanding at December 31, 2013		1,433,650	$	0.54			$	-
	Granted		1,722,500		1
	Cancelled/Expired		-328,650		0.5
	Outstanding at September 30, 2014		2,827,500	$	0.82		9.06	$	1,885,475
	Exercisable at September 30, 2014		1,157,597	$	0.71		8.47	$	901,617

Schedule Of Warrant Awards [Table Text Block]	'
	A summary of warrant activity is presented below:

						Weighted-average
				Weighted-average		Remaining		Aggregate
		Number of		Exercise		Contractual		Intrinsic
		Shares		Price		Term (years)		Value
	Outstanding at December 31, 2013		750,000		0.01
	Granted		2,800,000		1
	Exercised		-		-
	Expired/Forfeited		-		-
	Outstanding and exercisable at September 30, 2014		3,550,000	$	0.79		8.31	$	5,535,000

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]

The following table sets forth, by level within the fair value hierarchy, the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2014:

Quoted Prices

In Active

Significant

Total

Markets for

Other

Significant

Carrying

Identical

Observable

Unobservable

Value as of

Assets

Inputs

September 30,

Description

(Level 1)

(Level 2)

(Level 3)

2014

Derivative liabilities - warrant instruments

2,651,155

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table sets forth a reconciliation of changes in the fair value of financial liabilities classified as level 3 in the fair value hierarchy:

Significant Unobservable Inputs (Level 3)

Nine months ended September 30,

2014

2013

Beginning balance

Additions

449,624

Change in fair value

2,201,531

Ending balance

2,651,155

Change in unrealized losses included in earnings

2,201,531

ORGANIZATION_AND_BUSINESS_OPER1

ORGANIZATION AND BUSINESS OPERATIONS (Details Textual) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Organization and Business Operation [Line Items]	'	'
Retained Earnings (Accumulated Deficit)	($27,161,199)	($4,353,375)

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	9 Months Ended
	Sep. 30, 2014
Employee Stock Option [Member]	'
Significant Accounting Policies [Line Items]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,827,500
Warrant [Member]	'
Significant Accounting Policies [Line Items]	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,550,000

RELATED_PARTIES_Details_Textua

RELATED PARTIES (Details Textual) (USD $)	9 Months Ended
RELATED PARTIES (Details Textual) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Related Party Transaction [Line Items]	'	'
Due To Related Parties Current And Noncurrent	$10,422	'
Repayments of Related Party Debt	120,107	0
Chief Executive Officer [Member]	'	'
Related Party Transaction [Line Items]	'	'
Percentage Of Ownership Interest Held By Related Party In Lessor Entity	12.00%	'
Due To Related Parties Current And Noncurrent	220,000	'
Related Party Transaction, Rate	1.00%	'
Repayments of Related Party Debt	105,000	'
Due to Related Parties, Current	115,000	'
Chief Financial Officer [Member]	'	'
Related Party Transaction [Line Items]	'	'
Due To Related Parties Current And Noncurrent	30,107	'
Related Party Transaction, Rate	1.00%	'
Repayments of Related Party Debt	15,107	'
Due to Related Parties, Current	15,000	'
Director [Member]	'	'
Related Party Transaction [Line Items]	'	'
Due To Related Parties Current And Noncurrent	250,000	'
Related Party Transaction, Rate	1.00%	'
Repayments of Related Party Debt	150,000	'
Due to Related Parties, Current	$100,000	'

NOTE_PAYABLE_Details_Textual

NOTE PAYABLE (Details Textual) (USD $)	1 Months Ended	2 Months Ended	9 Months Ended
NOTE PAYABLE (Details Textual) (USD $)	Aug. 31, 2014	Aug. 31, 2014	Sep. 30, 2014
Proceeds from Notes Payable	$45,000	'	'
Interest Expense, Debt	5,000	'	'
Amortization of Debt Discount (Premium)	'	'	1,719
Debt Instrument, Face Amount	$50,000	$50,000	'
Debt Instrument, Maturity Date, Description	'	'due in December 2014	'

DERIVATIVE_LIABILITIES_Details

DERIVATIVE LIABILITIES (Details) (USD $)	6 Months Ended	9 Months Ended
DERIVATIVE LIABILITIES (Details) (USD $)	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013
Derivatives Warrants Liabilities [Line Items]	'	'	'
Balance at December 31,2013	$0	$0	'
Initial valuation of derivative liabilities upon issuance of new warrants during the period	449,624	449,624	0
Increase in fair value of derivative liability	'	2,201,531	'
Balance at September 30,2014	'	$2,651,155	'

DERIVATIVE_LIABILITIES_Details1

DERIVATIVE LIABILITIES (Details Textual) (USD $)	6 Months Ended	9 Months Ended
DERIVATIVE LIABILITIES (Details Textual) (USD $)	Jun. 30, 2014	Sep. 30, 2014
Derivatives Warrants Liabilities [Line Items]	'	'
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period	1,800,000	'
Stock Issued During Period Shares Issued For Cash	600,000	'
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate	'	2.61%
Share based Compensation Arrangement By Share based Payment Award Fair Value Assumptions Expected Term 1	'8 years	'8 years
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate	'	174.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	'	0.00%
SharePrice	'	$2.35
Range One [Member]	'	'
Derivatives Warrants Liabilities [Line Items]	'	'
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate	'	2.22%
Share based Compensation Arrangement By Share based Payment Award Fair Value Assumptions Expected Term 1	'	'7 years 7 months 28 days
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate	'	174.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	'	0.00%
SharePrice	'	$1.49

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	6 Months Ended	9 Months Ended
STOCKHOLDERS' EQUITY (Details) (USD $)	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013
Stock Options And Fair Value Adjustments [Line Items]	'	'	'
Shares	600,000	'	'
Gross proceeds	$600,000	'	'
Offering costs	0	'	'
Net proceeds	600,000	'	'
Relative fair value allocated to warrants	449,624	449,624	0
Amount allocated to common stock paid-in capital	$150,376	'	'

STOCKHOLDERS_EQUITY_Details_1

STOCKHOLDERS' EQUITY (Details 1) (USD $)	9 Months Ended
STOCKHOLDERS' EQUITY (Details 1) (USD $)	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of Shares, Outstanding at December 31, 2013	1,433,650
Number of Shares, Granted	1,722,500
Number of shares, Cancelled/Expired	-328,650
Number of Shares, Outstanding at September 30, 2014	2,827,500
Number of Shares,Exercisable at September 30, 2014	1,157,597
Weighted-average Exercise Price,Outstanding at December 31, 2013	$0.54
Weighted-average Exercise Price, Granted	$1
Weighted-average Exercise Price, Cancelled/Expired	$0.50
Weighted-average Exercise Price, Outstanding at September 30, 2014	$0.82
Weighted-average Exercise Price, Exercisable at September 30, 2014	$0.71
Weighted-average Remaining Contractual Term (years), Outstanding at September 30, 2014	'9 years 22 days
Weighted-average Remaining Contractual Term (years), Exercisable at September 30, 2014	'8 years 5 months 19 days
Agreegate Intrinsic value, Outstanding at September 30, 2014	$1,885,475
Agreegate Intrinsic value, Exercisable at September 30, 2014	$901,617

STOCKHOLDERS_EQUITY_Details_2

STOCKHOLDERS' EQUITY (Details 2) (USD $)	9 Months Ended
STOCKHOLDERS' EQUITY (Details 2) (USD $)	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Numbers of Shares, Outstanding at December 31,2013	750,000
Numbers of Shares, Granted	2,800,000
Numbers of Shares, Exercised	0
Numbers of Shares, Expired/Forfeited	0
Numbers of Shares, Outstanding and exercisable at September 30, 2014	3,550,000
Weighted-average Exercise Price, Outstanding at December 31, 2013	$0.01
Weighted-average Exercise Price, Granted	$1
Weighted-average Exercise Price, Exercised	$0
Weighted-average Exercise Price, Expired/Forfeited	$0
Weighted-average Exercise Price, Outstanding and exercisable at September 30, 2014	$0.79
Weighted-average Remaining Contractual Term (years), Outstanding and exercisable at September 30,2014	'8 years 3 months 22 days
Aggregate Intrinsic Value, Outstanding and exercisable at September 30, 2014	$5,535,000

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual) (USD $)

1 Months Ended

2 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

1 Months Ended

2 Months Ended

9 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

2 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

Jul. 23, 2014

Aug. 31, 2014

Jun. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

31-May-14

Aug. 31, 2014

Sep. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Sep. 30, 2014

Jun. 30, 2014

Feb. 28, 2014

Jan. 31, 2014

Dec. 31, 2013

Jan. 28, 2014

Mar. 10, 2014

31-May-14

Aug. 31, 2014

Jun. 30, 2014

31-May-14

Aug. 31, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Jun. 18, 2014

Mar. 10, 2014

Apr. 30, 2014

Mar. 31, 2014

31-May-14

Employee Stock Option [Member]

Consultant [Member]

Employee [Member]

Hart Partners LLC [Member]

Monarch Bay Securities LLC [Member]

Jeremy Bryant and Thad Benshoof [Member]

Maximum [Member]

Minimum [Member]

Common Stock [Member]

Warrant [Member]

Chief Financial Officer [Member]

Employee Stock Option [Member]

Consultant [Member]

Employee Stock Option [Member]

Consultant [Member]

Employee Stock Option [Member]

Maximum [Member]

Minimum [Member]

Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Sale of Stock, Price Per Share

$2.38

$3.19

$3.16

Stock Issued During Period, Shares, Issued for Cash

600,000

675,000

825,000

Proceeds from sale of common stock

$1,275,000

$700,000

$600,000

$675,000

$825,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

1,722,500

85,000

425,000

160,000

25,000

177,500

850,000

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Exercise Price

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

2.61%

2.54%

2.00%

2.66%

2.54%

2.67%

2.00%

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term

'8 years

'10 years

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate

174.00%

180.00%

174.00%

186.00%

184.00%

170.00%

184.00%

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate

0.00%

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized

3,137,850

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value

$3.16

$2.65

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value

$3.15

$3.40

$2.10

$2.50

$2.06

$2.15

$2.99

$2.90

$2.80

Share Based Compensation Arrangement By Share Based Payment Award Options Grants Intrinsic Value

459,000

156,000

205,000

53,750

426,000

1,691,500

Share Based Compensation Arrangement By Share Based Payment Award Options Grants Fair Value

862,124

241,233

361,124

77,565

597,838

2,515,575

Record stock compensation expense

1,714,714

2,626,715

1,833,557

Warrants Issued To Purchase Common Stock

1,800,000

750,000

250,000

Warrants Issued To Purchase Common Stock Exercise Price

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

'4 years

'1 year

'3 years

'4 years

'0 years

'3 years

Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value

1,620,000

412,500

Common Stock, Shares Subscribed but Unissued

599,598

25,000

850,000

2,800,000

Stock Issued During Period, Value, Issued for Services

59,500

2,711,500

8,848,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants Fair Value

$2,361,731

$659,847

Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable

1,800,000

Class of Warrant or Right, Exercise Price of Warrants or Rights

Equity Purchase Agreement Description

'Under the Equity Purchase Agreement, Kodiak has agreed to provide the Company with up to $3,000,000 of funding upon effectiveness of a registration statement on Form S-1.

Market Price Of Common Stock

80.00%

COMMITMENTS_Details_Textual

COMMITMENTS (Details Textual) (USD $)	9 Months Ended
COMMITMENTS (Details Textual) (USD $)	Sep. 30, 2014
Consulting Agreement [Member]	'
Commitment And Contingencies [Line Items]	'
Service Agreement Term	'2 years
Payments to Suppliers and Employees	$50,000
Assets, Fair Value Disclosure	0
Service Agreements [Member]	'
Commitment And Contingencies [Line Items]	'
Service Agreement Term	'1 year
June, 15, 2014 [Member] \| Consulting Agreement [Member]	'
Commitment And Contingencies [Line Items]	'
Consultant Fees Obligation	5,000
Stock Issued During Period, Shares, Issued for Services	40,000
October, 15, 2014 [Member] \| Consulting Agreement [Member]	'
Commitment And Contingencies [Line Items]	'
Consultant Fees Obligation	$5,000
Stock Issued During Period, Shares, Issued for Services	40,000

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'	'
Derivative liabilities - warrant instruments	$2,651,155	$0
Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'	'
Derivative liabilities - warrant instruments	0	'
Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'	'
Derivative liabilities - warrant instruments	0	'
Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'	'
Derivative liabilities - warrant instruments	$2,651,155	'

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 1) (USD $)	9 Months Ended
FAIR VALUE MEASUREMENTS (Details 1) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning balance	$0	$0
Additions	449,624	'
Change in fair value	2,201,531	0
Ending balance	2,651,155	0
Change in unrealized losses included in earnings	$2,201,531	$0

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (USD $)

6 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

0 Months Ended

1 Months Ended

Jun. 30, 2014

Sep. 30, 2014

Nov. 30, 2014

Oct. 31, 2014

Oct. 09, 2014

Oct. 31, 2014

Oct. 14, 2014

Oct. 15, 2014

Oct. 31, 2014

Nov. 10, 2014

Oct. 31, 2014

Subsequent Event [Member]

Put Option [Member]

Chief Financial Officer [Member]

Consultant [Member]

Director [Member]

Third Party [Member]

Shareholder [Member]

Chief Executive Officer [Member]

Maximum [Member]

Minimum [Member]

Put Option [Member]

Subsequent Event [Line Items]

Loans Receivable, Net, Total

$25,000

$40,000

$10,000

$50,000

$120,000

Loans Receivable, Rates of Interest

1.00%

Due on Loans Receivable

7-Jan-15

12-Jan-15

13-Jan-15

1-Dec-14

8-Feb-15

Issuance of Company Stock

892,050

Proceeds from Loans

300,000

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total

3,137,850

10,000

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

'30 days

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

1,800,000

217,175

Options Indexed To Issuers Excess Put Shares

1,407,950

Option Indexed to Issuer's Equity, Strike Price

$0.42

$0.34

Payment For Servicing Fees

20,000

Servicing Fees Percentage

20.00%

Servicing Fees

$100,000