NOTES PAYABLE (Details 2) - USD ($) |
3 Months Ended | |
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Mar. 31, 2018 |
Mar. 31, 2017 |
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Notes Payable Details 2 | ||
Fair market value of common stock issued upon conversion | $ 17,180,837 | $ 5,014,661 |
Principal amount of debt converted | (9,400,000) | (3,559,324) |
Accrued interest converted | (84,612) | (129,639) |
Fair value of derivative at conversion date | (9,431,000) | (2,770,650) |
Debt discount value at conversion date | 6,466,021 | 2,484,410 |
Loss on Extinguishment of Debt | $ 4,731,246 | $ 1,039,458 |
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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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