NOTES PAYABLE (Details 1) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
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Notes Payable Tables | |||
Fair market value of common stock issued upon conversion | $ 18,887,399 | $ 1,493,659 | |
Principal amount of debt converted | (13,324,973) | (900,000) | |
Accrued interest converted | (233,415) | (108,000) | |
Fair value of derivative at conversion date | (10,361,100) | (374,600) | |
Debt discount value at conversion date | 10,414,902 | 508,385 | |
Loss on Extinguishment of Debt | $ 5,382,813 | $ 619,444 |
X | ||||||||||
- References No definition available.
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- References No definition available.
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X | ||||||||||
- References No definition available.
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- References No definition available.
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X | ||||||||||
- 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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