NOTES PAYABLE (Details Narrative) |
1 Months Ended | 12 Months Ended | |||
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Oct. 05, 2018
USD ($)
|
Jan. 18, 2018
USD ($)
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Nov. 22, 2017
USD ($)
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Dec. 31, 2018
USD ($)
Number
shares
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Dec. 31, 2017
USD ($)
shares
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Unamortized debt discount remaining balance | $ 250,000 | ||||
Total debt | 6,609,398 | $ 1,918,676 | |||
Unamortized debt discount | (2,638,000) | (4,791,000) | |||
Debt conversion, converted instrument, amount | (19,314,324) | ||||
Cash paid for debt discount | $ 614,600 | ||||
Common stock issued in conversion of debt | shares | 16,652,002 | 8,284,283 | |||
Convertible promissory note One [Member] | Securities Purchase Agreement [Member] | March 2018 [Member] | |||||
Issuance of warrants value | $ 540,000 | ||||
Debt conversion, converted instrument, amount | 18,700,000 | ||||
Cash paid for debt discount | 670,000 | ||||
Convertible promissory note [Member] | Securities Purchase Agreement [Member] | March 2018 [Member] | |||||
Issuance of warrants value | $ 560,000 | ||||
Interest rate | 7.50% | ||||
Debt conversion, converted instrument, amount | $ 13,100,000 | ||||
Unamortized debt due discount amount | 6,900,000 | ||||
Cash paid for debt discount | 600,000 | ||||
Convertible debt aggregate value | 40,000,000 | ||||
Amount per tranches | $ 5,000,000 | ||||
Number of tranches | Number | 8 | ||||
Principle remains outstanding balance | $ 8,350,000 | ||||
Description of conversion price | For each note issued under the Master Securities Purchase Agreement, the principal and interest due and owed under the note 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) the original conversion price as defined in each note issuance or (ii) 85.0% 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), which Conversion Price is subject to adjustment for (i) stock splits, stock dividends, combinations, or similar events and (ii) full ratchet anti-dilution protection. Upon certain events of default, the conversion price will automatically become 70.0% 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. | ||||
Convertible promissory note [Member] | Securities Purchase Agreement [Member] | |||||
Interest rate | 12.00% | ||||
Issuance of promissory note | shares | 20,000,000 | ||||
Debt conversion, converted instrument, amount | $ 13,100,000 | ||||
Unamortized debt due discount amount | $ 6,900,000 | ||||
Promissory Note [Member] | California [Member] | Third Party Creditor [Member] | |||||
Purchase of land and building | $ 1,600,000 | $ 6,500,000 | $ 4,500,000 | ||
Issuance of warrants value | $ 160,000 | ||||
Interest rate | 12.00% | 12.00% | 12.00% | ||
Debt instrument maturity date | Oct. 05, 2021 | Dec. 01, 2020 | |||
Interest rate increase per year through 2020 | 0.50% | 0.50% | |||
Interest rate escalation description | The interest rate for the first year is 12.0% and increases 0.5% per year through 2020. | The interest rate for the first year is 12.0% and increases 0.5% per year, up to 13.0%, through 2021. | The promissory note is collateralized by the land and building purchased and matures in December 1, 2020. | ||
Cash paid for debt discount | $ 200,000 |
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- Definition Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. Convertible Notes Payable is a written promise to pay a note which can be exchanged for a specified amount of another, related security, at the option of the issuer and the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares issued for each share of convertible preferred stock that is converted. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 The name of the original debt issue that has been converted in a noncash (or part noncash) transaction during the accounting period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. No definition available.
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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after accumulated amortization, of debt discount. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The carrying amount as of the balance sheet date of land not owned but under a contract in which the entity has an option to purchase the land. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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