General form of registration statement for all companies including face-amount certificate companies

CONVERTIBLE NOTES (Tables)

v3.3.1.900
CONVERTIBLE NOTES (Tables)
6 Months Ended 12 Months Ended
Dec. 31, 2015
Jun. 30, 2015
Debt Disclosure [Abstract]    
Schedule of convertible debenture [Table Text Block]
Convertible notes at December 31, 2015 were as follows:
 
Convertible notes and debenture
 
$
3,630,024
 
Unamortized discounts
 
 
(2,341,232)
 
Accrued interest
 
 
82,802
 
Premium
 
 
577,925
 
Convertible notes, net
 
$
1,949,519
 
Convertible notes at June 30, 2015 and 2014 were as follows:
 
 
 
June 30, 2015
 
June 30, 2014
 
Convertible notes and debenture
 
$
1,455,000
 
$
366,296
 
Unamortized discounts
 
 
(415,467)
 
 
(121,059)
 
Accrued interest
 
 
26,989
 
 
-
 
Premium, net
 
 
727,853
 
 
27,187
 
Convertible notes, net
 
$
1,794,375
 
$
272,424