NOTES PAYABLE (Details 1) - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
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Notes Payable Details 1 | ||||
Fair market value of common stock issued upon conversion | $ 6,424,597 | $ 18,156,952 | $ 2,064,137 | |
Principal amount of debt converted | (3,250,000) | (11,814,324) | (846,491) | |
Accrued interest converted | (232,225) | (506,985) | (115,249) | |
Fair value of derivative at conversion date | (3,434,900) | (9,106,950) | (570,100) | |
Debt discount value at conversion date | 1,866,066 | 7,323,440 | 388,500 | |
Loss on Extinguishment of Debt | $ 1,373,538 | $ 4,052,133 | $ 920,797 |
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- Definition The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The gross value of stock issued during the period upon the conversion of convertible securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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