CONVERTIBLE NOTES (Details Textual) |
1 Months Ended | 6 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Jul. 14, 2015
USD ($)
|
Oct. 28, 2016
$ / shares
|
Jun. 30, 2016
USD ($)
$ / shares
shares
|
Oct. 28, 2015
USD ($)
$ / shares
shares
|
Dec. 31, 2016
USD ($)
$ / shares
shares
|
Dec. 31, 2015
USD ($)
|
Nov. 09, 2016
$ / shares
|
Nov. 09, 2016
AUD / shares
|
Aug. 18, 2016
$ / shares
|
Jul. 08, 2016
USD ($)
$ / shares
shares
|
May 19, 2015
USD ($)
|
|
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Face Amount | $ 4,000,000 | ||||||||||
Interest Payable | $ 4,125 | ||||||||||
Debt Instrument, Increase (Decrease), Other, Net | $ 105,000 | ||||||||||
Common stock, par value | $ / shares | $ 0.001 | $ 0.001 | |||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | (per share) | $ 0.0115 | AUD 0.015 | $ 0.012 | $ 0.012 | |||||||
Long-term Debt, Gross | $ 100,000 | ||||||||||
Class of Warrant or Right, Outstanding | shares | 37,379,158 | ||||||||||
Receivable From Deposit Control Account Non Current | $ 1,200,000 | ||||||||||
Receivable From Deposit Control Account Current | $ 375,000 | ||||||||||
Percentage Of Conversion Rate Of Lowest Trading Bid Price | 8.00% | ||||||||||
Percentage of Consideration Received | 10.00% | ||||||||||
Common Stock, Capital Shares Reserved for Future Issuance | shares | 300,000,000 | ||||||||||
Debt Instrument, Redemption, Description | Subject to the conditions set forth in the Debenture, the Company has the right at any time to redeem some or all of the total outstanding amount then remaining under the Debenture in cash at a price equal to 125% of the total amount of the Debenture outstanding on the twentieth (20th) trading date following the date the Company delivers notice of such redemption to the Purchaser. | ||||||||||
Conversion of Stock, Amount Converted | $ 89,591 | $ 636,348 | |||||||||
Convertible Debt [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Convertible, Conversion Price | $ / shares | $ 0.03 | ||||||||||
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 | ||||||||||
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 Related Commitment Fees and Debt Issuance Costs | $ 50,000 | ||||||||||
Class of Warrant or Right, Outstanding | shares | 26,190,476 | 240,000,000 | |||||||||
Warrants Not Settleable in Cash, Fair Value Disclosure | $ 712,110 | $ 910,178 | |||||||||
Warrants Term | 4 years | ||||||||||
Debenture [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | ||||||||||
Interest Payable | $ 217,500 | ||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares | $ 0.60 | ||||||||||
Long-term Debt, Gross | 4,350,000 | ||||||||||
Discount On Debt Issued Percentage | 10.00% | ||||||||||
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 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 (VWAP) 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 VWAP 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 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 Purchaser converted $2,790,806 of principal and $108,750 of accrued interest into shares of the Companys common stock (See Note 6). During the six months ended December 31, 2016, the holder converted $350,000 of principal and accrued interest of $108,750 into shares of the Companys common stock (See Note 6). Accrued interest as of December 31, 2016 was $0. | ||||||||||
Nine Back End Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Convertible Notes Payable | $ 782,500 | ||||||||||
Three Back End Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Conversion, Converted Instrument, Amount | $ 352,500 | ||||||||||
Six Back End Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt Conversion, Converted Instrument, Amount | $ 430,000 | ||||||||||
Back End Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Convertible Notes Payable | 53,000 | ||||||||||
Conversion of Stock, Amount Converted | $ 620,000 | $ 109,500 |