Quarterly report pursuant to Section 13 or 15(d)

Notes Payable, Related Party (Narratives) (Details)

v3.8.0.1
Notes Payable, Related Party (Narratives) (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2017
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Fair value assumption - Embedded derivatives:        
Non cash interest expenses   $ 883,221  
Amortization of debt discount   $ 27,497  
Officers And Directors [Member] | Notes Payable [Member]        
Short-term Debt [Line Items]        
Notes payable description  

The issued notes are unsecured, due on demand and non-interest bearing.

 

The issued notes are unsecured, due on demand and non-interest bearing.

Related Party [Member] | Convertible Promissory Notes Dated June 30, 2017 [Member]        
Short-term Debt [Line Items]        
Notes payable description

Debt is unsecured.

     
Convertible promissory note face value $ 614,347 $ 614,347    
Convertible promissory note interest rate 5.00% 5.00%    
Convertible promissory note due date Jun. 30, 2018      
Convertible promissory note consideration amount $ 585,092 $ 585,092    
Convertible promissory note original interest discount $ 29,255 29,255    
Convertible promissory note conversion terms

The notes are convertible, at any time, into shares of the Company’s common stock at 50% of the lowest reported sales price of the Company’s common stock for 15 trading days prior to the request to convert. In addition, the notes contain certain reset provisions should the Company issue subsequent equity linked instruments.

     
Fair value of embedded derivatives $ 1,317,555 $ 1,317,555    
Fair value assumption - Embedded derivatives:        
Fair value of assumption model Binomial Option Pricing Model      
Dividend yield 0.00%      
Expected volatility 449.09%      
Weighted average risk-free interest rate 1.24%      
Expected life 1 year      
Estimated fair value of common stock $ 0.0205 $ 0.0205    
Non cash interest expenses $ 732,463      
Related Party [Member] | Convertible Promissory Notes Dated June 30, 2017 [Member] | Interest Expense [Member]        
Fair value assumption - Embedded derivatives:        
Amortization of debt discount   $ 1,683