CONVERTIBLE NOTE PAYABLE (Details Narrative) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Issuance of convertible debt | $ 724,500 | |
| Discount on debt issuance costs | 849,909 | |
| Common stock convertible amount | 625,000 | |
| Interest expense | (441,181) | |
| Accretion of debt discount | $ 12,591 | |
| Common Stock Incentive Shares [Member] | ||
| Common stock convertible shares | 2,500,000 | |
| Common stock convertible amount | $ 250 | |
| Securities Purchase Agreement [Member] | ||
| Issuance date | Dec. 23, 2015 | |
| Description of terms of conversion feature |
(ii) a Note with a principal amount of $1.00 for each $0.86956 for each $1.00 paid by each purchaser for such purchasers Note; and (iii) Warrants to purchase up to a number of shares of Common Stock equal to 100% of such purchasers Note principal amount divided by $0.12 (Purchaser Conversion Price), the conversion price in effect on the Initial Closing Date, with a per share exercise price equal to $0.30, subject to adjustment. |
|
| Issuance of convertible debt | $ 724,500 | |
| Discount on debt issuance costs | $ 138,000 | |
| Maturity date | Jun. 23, 2017 | |
| Interest rate | 15.00% | |
| Conversion rate | $ 0.12 | |
| Percentage of beneficially own in excess of common shares outstanding | 9.99% | |
| Percentage of right to participate subsequent financing | 100.00% | |
| Description of redemption of debt intrument |
The Notes provide that commencing six (6) months after the Original Issue Date, we will have the option of prepaying the outstanding principal amount of the Notes (an Optional Redemption), in whole or in part, by paying to the holders a sum of money in cash equal to one hundred percent (100%) of the principal amount to be redeemed, together with accrued but unpaid interest thereon, if any, and any and all other sums due, accrued or payable to the holder arising under the Note through the Redemption Payment Date and 2.8986 shares of our Common Stock for each $1.00 of Note principal amount being redeemed. A Notice of Redemption, if given, may be given on the first Trading Day following twenty (20) consecutive Trading Days during which all of the Equity Conditions, as defined, have been in effect. |
|
| Embedded derivative derivative liability | $ 88,983 | |
| Securities Purchase Agreement [Member] | Mr. Segelman [Member] | ||
| Interest expense | $ 5,000 | |
| Securities Purchase Agreement [Member] | Common Stock Incentive Shares [Member] | ||
| Common stock convertible shares | 2,500,000 | |
| Issuance of convertible debt | $ 724,500 | |
| Discount on debt issuance costs | 849,909 | |
| Embedded derivative derivative liability | 1,153,090 | |
| Common stock convertible amount | 625,000 | |
| Interest expense | 433,590 | |
| Accretion of debt discount | $ 12,591 | |
| Securities Purchase Agreement [Member] | Alpha Capital Anstalt and Brio Capital Master Fund Ltd. [Member] | ||
| Conversion rate | $ 0.3 | |
| Percentage of right to participate subsequent financing | 100.00% | |
| Trading days | 5 years | |
| Issuance date | 6 months | |
| Derivative liabilities | $ 439,107 | |
| Securities Purchase Agreement [Member] | Alpha Capital Anstalt and Brio Capital Master Fund Ltd. [Member] | Secured Convertible Notes [Member] | ||
| Principle amount | $ 862,500 | |
| Securities Purchase Agreement [Member] | Alpha Capital Anstalt and Brio Capital Master Fund Ltd. [Member] | Common Stock Incentive Shares [Member] | ||
| Common stock convertible shares | 2,500,000 | |
| Securities Purchase Agreement [Member] | Alpha Capital Anstalt and Brio Capital Master Fund Ltd. [Member] | Warrant [Member] | ||
| Common stock convertible shares | 7,187,542 | |
| Description of terms of conversion feature |
The Purchaser Warrants allow the Purchaser to purchase up to a number of shares of common stock equal to 100% of such purchasers Note principal amount divided by $0.12, the conversion price in effect on the Initial Closing Date, with a per share exercise price equal to $0.30, subject to adjustment. |
|