CONVERTIBLE NOTES (Details Textual 1)
|
|
|
|
|
|
1 Months Ended |
6 Months Ended |
|
|
|
Dec. 10, 2015
USD ($)
|
Oct. 15, 2015
USD ($)
|
Jul. 15, 2015
USD ($)
|
Jul. 14, 2015
USD ($)
|
Jun. 04, 2015
USD ($)
$ / shares
|
Oct. 31, 2015
USD ($)
|
Oct. 28, 2015
USD ($)
$ / shares
shares
|
Jun. 02, 2015
USD ($)
|
May. 19, 2015
USD ($)
|
Apr. 27, 2015
USD ($)
|
Apr. 24, 2015
USD ($)
|
Apr. 20, 2015
USD ($)
|
Mar. 20, 2015
USD ($)
|
Mar. 12, 2015
USD ($)
$ / shares
|
Feb. 17, 2015
USD ($)
|
Feb. 15, 2015
USD ($)
|
Feb. 10, 2015
USD ($)
|
Aug. 06, 2014
USD ($)
|
Dec. 31, 2015
USD ($)
$ / shares
|
Dec. 31, 2014
USD ($)
|
Dec. 09, 2015
USD ($)
|
Jun. 30, 2015
USD ($)
$ / shares
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 250,000
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
$ 20,000
|
|
|
|
|
|
|
|
|
|
|
|
|
25,000
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
55.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Proceeds From Notes Issued |
|
|
|
|
$ 201,997
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of debt discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,224,235
|
$ 117,231
|
|
|
| Interest Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,339
|
|
|
|
| Debt Instrument, Convertible, Conversion Price | $ / shares |
|
|
|
|
$ 0.07
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable |
|
|
|
$ 352,500
|
|
|
|
|
$ 782,500
|
|
|
|
|
|
|
|
|
|
782,500
|
|
|
|
| Debt Convertible Note cash Purchase |
|
|
|
|
$ 220,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Interest Received |
|
|
|
|
1,997
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Sale of Notes Receivable |
|
$ 407,735
|
|
$ 17,690
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of Lowest Trading Bid Price |
|
|
|
55.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Promissory Note Payable Issued For Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 50,000
|
|
|
|
| Common stock, par value | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.001
|
|
|
$ 0.001
|
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
|
|
$ 0.60
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of Conversion Rate of Lowest Trading Bid Price |
|
55.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accreted Put Premium |
|
$ 351,818
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 179,818
|
|
|
|
| Debt Discounts For Fees Paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,887,500
|
63,500
|
|
|
| Proceeds from Collection of Notes Receivable |
|
430,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments for Legal Settlements |
|
$ 22,265
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Six Month Consulting Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.00%
|
|
|
|
|
|
|
| Debt Instrument, Maturity Date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aug. 15, 2015
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 60,000
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60.00%
|
|
|
|
|
|
|
| Debt Instrument, Increase, Accrued Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,764
|
|
|
|
| Additionally Debt Instrument Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
56,667
|
|
|
|
| Debt Conversion, Converted Instrument, Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 90,000
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment, Principal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
85,000
|
|
|
|
| Two Year Consulting Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
|
|
|
75.00%
|
|
|
|
|
|
|
|
|
| Debt Conversion, Converted Instrument, Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 60,000
|
|
|
|
|
|
|
|
|
| Interest Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 4,849
|
|
|
|
| Debt Instrument, Convertible, Conversion Price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.0175
|
|
|
|
|
|
|
|
|
| Convertible Note Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
1,215,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24.00%
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
$ 110,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Increase, Accrued Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 29,468
|
|
|
|
| Debt Instrument, Percentage of Repayment, If prepaid within 60 days of the issuance date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
130.00%
|
|
|
|
| Debt Instrument, Percentage of Repayment, if prepaid 60 but less than 121 days after the issuance date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
140.00%
|
|
|
|
| Debt Instrument, Percentage of Repayment, if prepaid 120 but less than 180 days after the issuance date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
150.00%
|
|
|
|
| Proceeds from Notes Payable |
|
|
|
|
|
$ 1,150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additionally Debt Instrument Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 269,976
|
|
| Percentage of Consideration Received |
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Promissory Note Payable Issued For Services |
|
|
|
|
|
$ 50,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Description |
|
|
|
|
|
The Company issued the Promissory Note with a principal amount of $1,200,000 to the Lender. The Promissory Note has a maturity date of the earlier of: (i) the date on which the Company closes a subsequent equity offering in an amount greater than the principal amount of the Promissory Note; or (ii) June 24, 2016. On its face, the Promissory Note does not accrue any interest. In the event that the Lender does not proceed with a subsequent financing, beginning on the 46th day following the Issuance Date, the Note will have a one-time interest adjustment of $180,000 on the outstanding principal of the Promissory Note. Additionally, if the Lender does not wish to proceed with a subsequent financing, the Promissory Note will also be convertible into common stock at the lower of (i) $0.0346; or (ii) a twenty percent (20%) discount to the average of the two lowest closing prices of the common stock in the five trading days prior to the date of conversion.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Note Payable Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 45,000
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%
|
|
|
|
|
|
| Debt Instrument, Maturity Date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Feb. 10, 2016
|
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,500
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 36,818
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Trading Days |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
180
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55.00%
|
|
|
|
|
|
| Convertible Note Payable Three [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 45,000
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%
|
|
|
|
|
|
|
|
| Debt Instrument, Maturity Date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Feb. 17, 2016
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 7,500
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 36,818
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Trading Days |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
180
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55.00%
|
|
|
|
|
|
|
|
| Convertible Note Payable Four [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 170,500
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%
|
|
|
|
|
|
|
|
|
| Debt Instrument, Maturity Date |
|
|
|
|
|
|
|
|
|
|
|
|
|
Mar. 12, 2016
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 13,000
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 139,500
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
|
|
|
55.00%
|
|
|
|
|
|
|
|
|
| Convertible Note Payable Five [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
$ 150,000
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
8.00%
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
$ 122,727
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
|
|
55.00%
|
|
|
|
|
|
|
|
|
|
| Convertible Back-End Note Payable One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 45,000
|
|
|
|
| Convertible Back-End Note Payable Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,000
|
|
|
|
| Convertible Back-End Note Payable Three [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
170,500
|
|
|
|
| Convertible Notes Payable |
|
|
|
|
|
|
|
|
157,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Back-End Note Payable Four [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 150,000
|
|
|
|
| Convertible Note Payable Eight [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 104,000
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
8.00%
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 75,310
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Trading Days |
|
|
|
|
|
|
|
|
|
|
|
|
|
180
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
|
|
|
58.00%
|
|
|
|
|
|
|
|
|
| Additionally Debt Instrument Unamortized Premium |
|
|
$ 137,915
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 22,593
|
| Debt Instrument, Periodic Payment, Principal |
|
|
104,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Prepayment Penalties |
|
|
31,043
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment, Interest |
|
|
$ 2,872
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable Ten [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
|
|
|
|
|
|
$ 7,500
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
$ 36,818
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Trading Days |
|
|
|
|
|
|
|
|
|
|
180
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
55.00%
|
|
|
|
|
|
|
|
55.00%
|
|
|
|
| Proceeds from Notes Payable |
|
|
|
|
|
|
|
|
|
|
$ 45,000
|
|
|
|
|
|
|
|
|
|
|
|
| Legal Fees |
|
|
|
|
|
|
|
|
|
|
2,250
|
|
|
|
|
|
|
|
$ 2,250
|
|
|
|
| Net Proceeds From Notes Issued |
|
|
|
|
|
|
|
|
|
|
35,250
|
|
|
|
|
|
|
|
35,250
|
|
|
|
| Additionally Debt Instrument Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,818
|
|
|
|
| Debt Instrument, Periodic Payment, Principal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,000
|
|
|
|
| Debt Instrument, Periodic Payment, Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,765
|
|
|
|
| Convertible Notes Payable Eleven [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
|
|
|
|
|
|
7,500
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
$ 36,818
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Trading Days |
|
|
|
|
|
|
|
|
|
|
180
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
55.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Increase, Accrued Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,430
|
|
|
|
| Proceeds from Notes Payable |
|
|
|
|
|
|
|
|
|
|
$ 45,000
|
|
|
|
|
|
|
|
|
|
|
|
| Legal Fees |
|
|
|
|
|
|
|
|
|
|
2,250
|
|
|
|
|
|
|
|
|
|
|
|
| Net Proceeds From Notes Issued |
|
|
|
|
|
|
|
|
|
|
$ 35,250
|
|
|
|
|
|
|
|
|
|
|
|
| Additionally Debt Instrument Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
818
|
|
|
|
| Debt Instrument, Periodic Payment, Principal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,000
|
|
|
|
| Debt Instrument, Periodic Payment, Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
46
|
|
|
|
| Convertible Notes Payable Twelve [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
|
|
|
|
|
$ 13,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
$ 139,500
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
55.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from Notes Payable |
|
|
|
|
|
|
|
|
|
$ 170,500
|
|
|
|
|
|
|
|
|
|
|
|
|
| Legal Fees |
|
|
|
|
|
|
|
|
|
7,500
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Proceeds From Notes Issued |
|
|
|
|
|
|
|
|
|
$ 150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additionally Debt Instrument Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
139,500
|
|
|
|
| Debt Instrument, Periodic Payment, Principal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
170,500
|
|
|
|
| Debt Instrument, Periodic Payment, Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,303
|
|
|
|
| Convertible Promissory Back-End Notes One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable |
|
|
|
|
|
|
|
|
37,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Back-End Notes Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable |
|
|
|
|
|
|
|
|
37,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Back-End Notes Four [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable |
|
|
|
|
|
|
|
|
150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Back-End Notes Five [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable |
|
|
|
|
|
|
|
|
17,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Back-End Notes Six [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable |
|
|
|
|
|
|
|
|
37,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Back-End Notes Seven [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable |
|
|
|
|
|
|
|
|
37,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Back-End Notes Eight [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable |
|
|
|
|
|
|
|
|
157,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Promissory Back-End Notes Nine [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable |
|
|
|
|
|
|
|
|
$ 150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable Thirteen [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
$ 122,727
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
55.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Increase, Accrued Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,740
|
|
|
|
| Proceeds from Notes Payable |
|
|
|
|
|
|
|
$ 150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Legal Fees |
|
|
|
|
|
|
|
7,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net Proceeds From Notes Issued |
|
|
|
|
|
|
|
142,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment, Principal |
|
|
|
|
|
|
|
45,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment, Interest |
|
|
|
|
|
|
|
$ 2,140
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Notes Payable Fourteen [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
288,409
|
|
|
|
| Debt Instrument, Increase, Accrued Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,308
|
|
|
|
| Net Proceeds From Notes Issued |
|
|
|
$ 334,810
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additionally Debt Instrument Unamortized Premium |
|
|
|
$ 288,409
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,364
|
|
|
|
| Debt Instrument, Periodic Payment, Principal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,000
|
|
|
|
| Debt Instrument, Periodic Payment, Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
690
|
|
|
|
| Secured Investor Note One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
$ 30,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Legal Fees |
|
|
|
|
5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Convertible Note cash Purchase |
|
|
|
|
335,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Secured Investor Note Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
20,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Convertible Note cash Purchase |
|
|
|
|
220,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Secured Investor Note Three [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
20,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Convertible Note cash Purchase |
|
|
|
|
$ 220,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Execution Note [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
$ 30,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Legal Fees |
|
|
|
|
$ 5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Conversion Price | $ / shares |
|
|
|
|
$ 0.07
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Convertible Note cash Purchase |
|
|
|
|
$ 300,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Secured Debt, Secured Percentage by Lender |
|
|
|
|
40.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Market Capitalization Minimum Amount |
|
|
|
|
$ 3,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible Note Payable Nine [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
$ 17,500
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
|
|
|
|
|
8.00%
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
$ 14,318
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
|
55.00%
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Increase, Accrued Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59
|
|
|
|
| Additionally Debt Instrument Unamortized Premium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,500
|
|
|
|
| Debt Instrument, Periodic Payment, Principal |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,500
|
|
|
|
| Debt Instrument, Periodic Payment, Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
803
|
|
|
|
| Convertible Notes Payable One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
250,000
|
|
|
|
|
| Debt Instrument, Unamortized Discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 25,000
|
|
|
|
|
| Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60.00%
|
|
|
|
|
| Additionally Debt Instrument Unamortized Premium |
$ 90,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of Consideration Received |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
|
|
|
| Debt Instrument, Periodic Payment, Principal |
27,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Prepayment Penalties |
58,893
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Periodic Payment, Interest |
$ 3,607
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Face Amount |
|
|
|
|
|
|
$ 4,400,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Increase (Decrease), Other, Net |
|
|
|
|
|
|
$ 25,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant Issued To Purchase Of Shares | shares |
|
|
|
|
|
|
26,190,476
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock, par value | $ / shares |
|
|
|
|
|
|
$ 0.001
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
|
|
$ 0.60
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrants Term |
|
|
|
|
|
|
4 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cancellation Of Debt |
|
|
|
|
|
|
$ 1,200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount Will Be Deposited Into Deposit Control Account |
|
|
|
|
|
|
2,800,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument Increase Decrease Reason For Registration Effective |
|
|
|
|
|
|
25,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Issuance Cost |
|
|
|
|
|
|
$ 50,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debenture [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
5.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Debt Default, Interest Rate |
|
|
|
|
|
|
18.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Description |
|
|
|
|
|
|
payable quarterly in cash (or if certain conditions are met, in stock at the Companys option) on January 1, April 1, July 1 and October 1. The Debenture is convertible at any time, in whole or in part, at the Purchasers option into shares of the Companys common stock, par value $0.001 per share (the Common Stock), at a conversion price equal to $0.042, which is the volume weighted average price of the Companys Common Stock five days prior to the execution of the Debenture (subject to adjustment) (the Conversion Price). At any time after the effective date of the registration statement, the Purchaser has the opportunity to convert up to an aggregate of $2,090,000 of the Debenture, at one or more conversion dates, into shares of Common Stock at a conversion price equal to the VWAP of the Common Stock over the five (5) trading days prior to such Effective Date. The Purchaser option to convert at such a conversion price expires when the Purchaser converts an aggregate of $2,090,000 of the Debenture using such conversion price. If the volume weighted average price of the Company Common Stock on any trading day is less than the Conversion Price, the Purchaser may convert at a price per share equal to a twenty percent (20%) discount to the average of the two lowest closing prices during the five trading days prior to the date of conversion. At no time will the Purchaser be entitled to convert any portion of the Debenture to the extent that after such conversion, the Purchaser (together with its affiliates) would beneficially own more than 4.99% of the outstanding shares of Common Stock as of such date. During the six months ended December 31, 2015, the Company withdrew a principal amount of $1,225,000 from the deposit control account, of which $269,976 was paid directly as partial payment of a note dated June 4, 2015 and $33,437 were paid directly to legal fees resulting in net cash proceeds of $921,587 received by the Company. An aggregate total of $2,090,000 of these notes were bifurcated with the embedded conversion option recorded as a derivative liability at fair value (See Note 10). The remaining principal of $335,000 did not have a beneficial conversion feature value since its conversion price was higher than the fair value of the Companys common stock. Accrued interest as of December 31, 2015 was $17,844.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares |
|
|
|
|
|
|
$ 0.60
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Discount On Debt Issued Percentage |
|
|
|
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Discounts [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortization of debt discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 961,735
|
$ 23,970
|
|
|