CONVERTIBLE NOTES (Details Textual 1) - USD ($) |
1 Months Ended | 3 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 13, 2016 |
Aug. 18, 2016 |
Aug. 18, 2016 |
Jul. 31, 2016 |
Jul. 08, 2016 |
Oct. 28, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Oct. 28, 2016 |
Jul. 02, 2016 |
Jun. 30, 2016 |
Sep. 30, 2013 |
|
Debt Instrument [Line Items] | ||||||||||||
Debt Instrument, Face Amount | $ 4,000,000 | |||||||||||
Amortization of debt discount | $ 444,835 | $ 206,935 | ||||||||||
Interest Payable | 2,063 | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.012 | $ 0.012 | $ 0.012 | |||||||||
Debt Discounts For Fees Paid | 165,000 | |||||||||||
Long-term Debt, Gross | $ 4,350,000 | |||||||||||
Class of Warrant or Right, Outstanding | 238,879,158 | 3,000,000 | ||||||||||
Derivative Liability, Fair Value, Gross Liability | $ 36,934 | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 26,190,476 | |||||||||||
Share Price | $ 0.0138 | |||||||||||
2016 Warrants [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 240,000,000 | |||||||||||
Stock Issued During Period, Shares, New Issues | 12,500,000 | |||||||||||
Share Price | $ 0.012 | $ 0.012 | ||||||||||
Stock Issued During Period, Value, New Issues | $ 150,000 | |||||||||||
Five Month Warrant [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 200,000,000 | |||||||||||
Stock Issued During Period, Value, New Issues | $ 600,000 | |||||||||||
Volume Weighted Average Price Of Common Stock | 200.00% | 200.00% | ||||||||||
Five Month Warrant [Member] | Additional Warrants [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Stock Issued During Period, Value, New Issues | $ 350,000 | |||||||||||
Two Year Warrant [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.10 | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 40,000,000 | |||||||||||
Maximum [Member] | 2016 Warrants [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Percentage Of Outstanding Shares Of Common Stock | 9.99% | |||||||||||
Maximum [Member] | Five Month Warrant [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.020 | |||||||||||
Minimum [Member] | 2016 Warrants [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Percentage Of Outstanding Shares Of Common Stock | 4.99% | |||||||||||
Minimum [Member] | Five Month Warrant [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | 0.012 | |||||||||||
Delafield Financing [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.03 | |||||||||||
Debt Instrument, Description | (i) the six month anniversary of the original issuance of the Additional Issuance Debenture or (ii) the date on which the New Underlying Shares are registered pursuant to an effective registration statement, to redeem some or all of the total outstanding amount then remaining under the Additional Issuance Debenture in cash at a price equal to 125% of the total amount of the Additional Issuance Debenture outstanding on the twentieth (20th) trading date following the date the Company delivers notice of such redemption to Delafield. | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.012 | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 26,190,476 | |||||||||||
Warrants and Rights Outstanding | $ 314,286 | |||||||||||
Additional Expense, Warrants, Incremental Increase In Value | $ 21,000 | |||||||||||
Debt Instrument, Interest Payment Date Frequency Modification Description | the Purchaser agreed to modify the July 1, 2016 Interest Payment Date and the October 1, 2016 Interest Payment Date as such terms are defined in the Debenture. Pursuant to the July Letter Agreement, the Company may delay the interest payment due on the July 1, 2016 Interest Payment Date by a minimum of 30 calendar days (the Minimum Extension Date) and up to 60 calendar days, provided that the Purchaser may demand payment any time after the Minimum Extension Date. The Company also may delay the interest payment due on the October 1, 2016 Interest Payment Date to the October 28, 2016 maturity date (the Maturity Date) unless the Purchaser demands earlier payment; provided however, that if the Purchaser has not demanded payment by October 27, 2016, the Maturity Date will be extended until December 31, 2016 (or such earlier date as the parties mutually agree) and the interest payment that would have been due on the October 1, 2016 Interest Payment Date will become due on December 31, 2016, unless the Purchaser demands earlier payment. | |||||||||||
Debt Instrument, Unamortized Discount, Percentage | 22.50% | |||||||||||
Delafield Financing [Member] | Maximum [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | 0.60 | |||||||||||
Delafield Financing [Member] | Minimum [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.012 | |||||||||||
Securities Purchase Agreement [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Debt Instrument, Face Amount | $ 4,400,000 | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.60 | |||||||||||
Class of Warrant or Right, Outstanding | 240,000,000 | 26,190,476 | ||||||||||
Warrants Not Settleable in Cash, Fair Value Disclosure | $ 910,178 | $ 712,110 | ||||||||||
Securities Purchase Agreement [Member] | Delafield Financing [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Debt Instrument, Face Amount | $ 4,000,000 | |||||||||||
Debt Conversion, Converted Instrument, Amount | $ 150,000 | |||||||||||
Debt Instrument, Convertible, Conversion Price | $ 0.03 | |||||||||||
Debt Instrument, Description | provided that in the event that the volume weighted average price per share on any trading day is less than such conversion price, the conversion price will be adjusted to a price per share that is equal to a 22.5% discount to the lowest trading price of the Common Stock in the 10 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. | |||||||||||
Long-term Debt, Gross | $ 165,000 | |||||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights | 26,190,476 | |||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 5.00% | |||||||||||
Debt Instrument, Unamortized Discount, Percentage | 10.00% | |||||||||||
Securities Purchase Agreement [Member] | Delafield Financing [Member] | 2016 Warrants [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 18.00% | |||||||||||
Debt Instrument, Unamortized Discount, Percentage | 30.00% | |||||||||||
Debenture [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | |||||||||||
Interest Payable | $ 217,500 | |||||||||||
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 was, prior to the Addendum (as defined below), convertible at any time, in whole or in part, at the Purchasers option into shares of the Companys 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 year ended June 30, 2016, the Company withdrew a principal amount of $2,800,000 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 was paid directly to legal fees resulting in net cash proceeds of $2,496,587 received by the Company. An aggregate total of $1,955,300 of these notes was bifurcated with the embedded conversion option recorded as a derivative liability at fair value (See Note 10). During the year ended June 30, 2016, the Company converted $2,790,806 of principal and $108,750 of accrued interest into shares of the Companys common stock (See Note 6). During the three months ended September 30, 2016, the Company converted $45,000 of principal and accrued interest of $54,375 into shares of the Companys common stock (See Note 6). Accrued interest as of September 30, 2016 was $54,375. | |||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 0.60 | |||||||||||
Long-term Debt, Gross | 4,350,000 | |||||||||||
Derivative Liability, Fair Value, Gross Liability | $ 199,585 | |||||||||||
Debt Discounts [Member] | ||||||||||||
Debt Instrument [Line Items] | ||||||||||||
Amortization of debt discount | $ 444,835 | $ 186,935 |