NOTES PAYABLE (Details Narrative) - USD ($) |
1 Months Ended | ||||||||
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Aug. 21, 2017 |
Jun. 23, 2017 |
Feb. 22, 2017 |
Oct. 28, 2016 |
Sep. 30, 2017 |
Dec. 31, 2016 |
Dec. 16, 2016 |
Nov. 01, 2016 |
Dec. 14, 2015 |
|
Total Debt | $ 2,133,904 | $ 1,918,676 | |||||||
Unamortized debt discount | 3,766,095 | 4,295,648 | |||||||
Accrued interest | $ 2,844 | $ 96,633 | |||||||
Common stock, par value | $ 0.001 | $ 0.001 | |||||||
Convertible promissory note [Member] | |||||||||
Total Debt | $ 500,000 | ||||||||
Interest rate | 1.00% | 12.00% | |||||||
Conversion price | $ 0.1211 | ||||||||
Convesion price, percentage | 90.00% | ||||||||
Senior Convertible Promissory Note C Due August 22, 2018 [Member] | |||||||||
Common stock, par value | $ 0.001 | ||||||||
Principal amount | $ 3,000,000 | ||||||||
Purchase price | $ 3,000,000 | ||||||||
Description of conversion price |
All principal and interest due and owing under Note C is convertible into shares of Common Stock at any time at the election of the holder at a conversion price per share equal to the lower of (i) $0.2495 or (ii) 85% of the lowest daily volume weighted average price of the Common Stock in the fifteen (15) trading days prior to the conversion date (Conversion Price C), which Conversion Price C is subject to adjustment for (i) stock splits, stock dividends, combinations, or similar events and (ii) full ratchet anti-dilution protection. |
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Debt instrument maturity date | Aug. 22, 2018 | ||||||||
Term of conversion feature |
the conversion price of Note C will automatically become 70% of the average of the three (3) lowest volume weighted average prices of the Common Stock in the twenty (20) consecutive trading days prior to the conversion date for so long as such event of default remains in effect. All interest payments under the Note are payable, at the Companys option, in cash or shares of Common Stock. |
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Common stock average trading volume to activate conversion feature | $ 2,500,000 | ||||||||
Additional term of conversion feature |
In addition, at any time that (i) the daily volume weighted average price of the Common Stock for the prior ten (10) consecutive trading days is $0.70 or more and (ii) the average daily trading value of the Common Stock is greater than $2,500,000 for the prior ten (10) consecutive trading days, then the Company may demand, upon one (1) days notice, that the holder convert Note C at Conversion Price C. |
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Description of prepayment |
The Company may prepay in cash any portion of the outstanding principal amount of Note C and any accrued and unpaid interest by, upon ten (10) days written notice to the holder, paying an amount equal to (i) 110% of the sum of the then-outstanding principal amount of Note C plus accrued but unpaid interest, if the prepayment date is within 90 days of the issuance date of Note C; (ii) 115% of the sum of the then-outstanding principal amount of Note C plus accrued but unpaid interest, if the prepayment date is between 91 days and 180 days of the issuance date of Note C; or (iii) 125% of the sum of the then-outstanding principal amount of Note C plus accrued but unpaid interest, if the prepayment date is after 180 days of the issuance date of Note C. |
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Loan paid in cash | $ 90,000 | ||||||||
Senior convertible promissoryNote B [Member] | |||||||||
Common stock, par value | $ 0.001 | ||||||||
Principal amount | $ 3,000,000 | ||||||||
Purchase price | $ 3,000,000 | ||||||||
Senior Convertible Promissory Note B Due December 23, 2018 [Member] | |||||||||
Description of conversion price |
All principal and interest due and owing under Note B is convertible into shares of Common Stock at any time at the election of the holder at a conversion price per share equal to the lower of (i) $0.1362 or (ii) 85% of the lowest daily volume weighted average price of the Common Stock in the fifteen (15) trading days prior to the conversion date (Conversion Price B), which Conversion Price B is subject to adjustment for (i) stock splits, stock dividends, combinations, or similar events and (ii) full ratchet anti-dilution protection. |
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Debt instrument maturity date | Dec. 23, 2018 | ||||||||
Term of conversion feature |
the conversion price of Note B will automatically become 70% of the average of the three (3) lowest volume weighted average prices of the Common Stock in the twenty (20) consecutive trading days prior to the conversion date for so long as such event of default remains in effect. |
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Additional term of conversion feature |
In addition, at any time that (i) the daily volume weighted average price of the Common Stock for the prior ten (10) consecutive trading days is $0.70 or more and (ii) the average daily trading value of the Common Stock is greater than $2,500,000 for the prior ten (10) consecutive trading days, then the Company may demand, upon one (1) days notice, that the holder convert Note B at Conversion Price B. |
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Description of prepayment |
The Company may prepay in cash any portion of the outstanding principal amount of Note B and any accrued and unpaid interest by, upon ten (10) days written notice to the holder, paying an amount equal to (i) 110% of the sum of the then-outstanding principal amount of Note B plus accrued but unpaid interest, if the prepayment date is within 90 days of the issuance date of Note B; (ii) 115% of the sum of the then-outstanding principal amount of Note B plus accrued but unpaid interest, if the prepayment date is between 91 days and 180 days of the issuance date of Note B; or (iii) 125% of the sum of the then-outstanding principal amount of Note B plus accrued but unpaid interest, if the prepayment date is after 180 days of the issuance date of Note B. |
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Loan paid in cash | $ 90,000 | ||||||||
Senior Convertible Promissory Note A Due February 21, 2019 [Member] | |||||||||
Common stock, par value | $ 0.001 | ||||||||
Principal amount | $ 5,500,000 | ||||||||
Purchase price | $ 5,500,000 | ||||||||
Description of conversion price |
All principal and interest due and owing under Note A is convertible into shares of Common Stock at any time at the election of the holder at a conversion price per share equal to the lower of (i) $0.30 or (ii) 85% of the lowest daily volume weighted average price of the Common Stock in the fifteen (15) trading days prior to the conversion date (Conversion Price A), which Conversion Price A is subject to adjustment for (i) stock splits, stock dividends, combinations, or similar events and (ii) full ratchet anti-dilution protection. |
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Debt instrument maturity date | Feb. 21, 2019 | ||||||||
Term of conversion feature |
the conversion price of Note A will automatically become 70% of the average of the three (3) lowest volume weighted average prices of the Common Stock in the twenty (20) consecutive trading days prior to the conversion date for so long as such event of default remains in effect. |
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Common stock average trading volume to activate conversion feature | $ 2,500,000 | ||||||||
Additional term of conversion feature |
In addition, at any time that (i) the daily volume weighted average price of the Common Stock for the prior ten (10) consecutive trading days is $0.70 or more and (ii) the average daily trading value of the Common Stock is greater than $2,500,000 for the prior ten (10) consecutive trading days, then the Company may demand, upon one (1) days notice, that the holder convert Note A at Conversion Price A. |
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Description of prepayment |
The Company may prepay in cash any portion of the outstanding principal amount of Note A and any accrued and unpaid interest by, upon ten (10) days written notice to the holder, paying an amount equal to (i) 110% of the sum of the then-outstanding principal amount of Note A plus accrued but unpaid interest, if the prepayment date is within 90 days of the issuance date of Note A; (ii) 115% of the sum of the then-outstanding principal amount of Note A plus accrued but unpaid interest, if the prepayment date is between 91 days and 180 days of the issuance date of Note A; or (iii) 125% of the sum of the then-outstanding principal amount of Note A plus accrued but unpaid interest, if the prepayment date is after 180 days of the issuance date of Note A. |
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Warrants paid in cash | $ 180,000 | ||||||||
Warrants issued | $ 169,000 | ||||||||
Unsecured Promissory Demand Note [Member] | |||||||||
Total Debt | 64,324 | ||||||||
Interest rate | 4.00% | ||||||||
Common stock, par value | $ 0.75 | ||||||||
Convertible promissory note Two [Member] | |||||||||
Total Debt | 31,615 | ||||||||
Interest rate | 12.00% | ||||||||
Conversion price | $ 0.35 | ||||||||
Convertible promissory note Three [Member] | |||||||||
Total Debt | 1,220,155 | ||||||||
Interest rate | 12.00% | ||||||||
Conversion price | $ 0.27 | ||||||||
Convertible promissory note Four [Member] | |||||||||
Total Debt | |||||||||
Interest rate | 12.00% | ||||||||
Conversion price | $ 0.25 | ||||||||
Convertible promissory note Five [Member] | |||||||||
Total Debt | 335,119 | ||||||||
Interest rate | 12.00% | ||||||||
Conversion price | $ 0.1362 | ||||||||
Convertible promissory note Six [Member] | |||||||||
Total Debt | $ 1,798,785 | ||||||||
Interest rate | 12.00% | ||||||||
Conversion price | $ 0.30 |