NOTES PAYABLE (Details 2) - USD ($) |
12 Months Ended | |
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Dec. 31, 2018 |
Dec. 31, 2017 |
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Note Payable Tables | ||
Fair market value of common stock issued upon conversion | $ 29,785,271 | |
Principal amount of debt converted | (19,314,324) | |
Accrued interest converted | (635,401) | |
Fair value of derivative at conversion date | (14,223,550) | |
Debt discount value at conversion date | 11,532,292 | |
Loss on Extinguishment of Debt | $ 7,144,288 |
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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://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The gross value of stock issued during the period upon the conversion of convertible securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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