Note 2 - Significant Accounting Policies: Fair Value of Financial Instruments and Fair Value Measurements: Fair Value Measurements, Recurring and Nonrecurring (Tables)

3 Months Ended

Mar. 31, 2016

Fair Value Measurements, Recurring and Nonrecurring

			Fair Value Measurements at March 31, 2016
	Carrying Value at March 31, 2016		(Level 1)		(Level 2)		(Level 3)
Embedded conversion option liability	$	2,287,496	$	-	$	2,287,496	$	-

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

EMAV Holdings, Inc. 10-Q