Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITY (Details Narrative)

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CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITY (Details Narrative)
3 Months Ended 5 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Apr. 13, 2016
USD ($)
$ / shares
Feb. 18, 2016
USD ($)
$ / shares
Apr. 17, 2015
USD ($)
$ / shares
Feb. 24, 2015
USD ($)
$ / shares
Jan. 30, 2015
USD ($)
$ / shares
Jan. 29, 2015
USD ($)
$ / shares
Sep. 19, 2014
USD ($)
$ / shares
Jul. 21, 2014
USD ($)
$ / shares
Mar. 31, 2016
USD ($)
Mar. 31, 2015
USD ($)
$ / shares
Jul. 27, 2015
$ / shares
Jun. 30, 2016
USD ($)
$ / shares
Jun. 30, 2015
USD ($)
$ / shares
Sep. 30, 2015
$ / shares
Dec. 31, 2015
USD ($)
Number
$ / shares
Sep. 19, 2015
USD ($)
Aug. 20, 2015
USD ($)
Aug. 14, 2015
USD ($)
Feb. 27, 2015
USD ($)
Percentage of lowest volume weighted average price of common stock                       51.00% 51.00%            
Fair value derivative liability                       $ 4,932,000 $ 1,885,000            
Share price (in dollars per share) | $ / shares                       $ 0.0007 $ 0.74            
Director [Member]                                      
Principal amount                   $ 150,000                  
Debt interest rate                   8.00%                  
Conversion price (in dollars per share) | $ / shares                   $ 1.83                  
Percentage of lowest volume weighted average price of common stock                   51.00%                  
Fair value derivative liability                   $ 132,175                  
Debt term                   3 years                  
Convertible Debentures [Member]                                      
Maturity date                 Mar. 27, 2016                    
Fair value derivative liability                       $ 4,082,000 $ 1,885,000            
Gain on derivative liability                       $ 8,880,000 $ 2,239,000            
Warrant instrument grant agreement, description                      

The Modified Debentures also included a warrant instrument granting the Investor the right to purchase shares of common stock of the Company equal to the principal amount of the applicable Modified Debenture divided by a price equal to 120% of the last reported closing price of the common stock on the applicable closing date of the Modified Debenture, with a three year term.

             
Convertible Debentures [Member] | Director [Member]                                      
Principal amount                   $ 100,000                  
August 2015 Debentures [Member]                                      
Description of conversion terms                      

All amounts are convertible at any time, in whole or in part, at the option of the holders into shares of the Company’s common stock at a conversion price.

             
Description of conversion price terms                      

The conversion price is the lower of (a) $0.75, or (b) a 49% discount to the lowest daily VWAP (as reported by Bloomberg) of the Common Stock during the 30 trading days prior to the conversion date. The Fixed Conversion Price is subject to adjustment for stock splits, combinations or similar events. If the Company makes any subsequent equity sales (subject to certain exceptions), under which an effective price per share is lower than the Fixed Conversion Price, then the conversion price will be reset to equal such price.

             
Percentage of lowest volume weighted average price of common stock                       51.00%              
Fair value derivative liability                       $ 11,205,000              
Debt term                       1 year              
Valuation technique                          

Black Scholes pricing model

         
August 2015 Debentures [Member] | Minimum [Member]                                      
Share price (in dollars per share) | $ / shares                           $ 0.05 $ 0.03        
Risk free interest rate                           0.12% 0.20%        
Expected volatility                           106.38% 193.00%        
Valuation technique                             P2M26D        
August 2015 Debentures [Member] | Maximum [Member]                                      
Share price (in dollars per share) | $ / shares                           $ 8.81 $ 0.10        
Risk free interest rate                           0.41% 0.70%        
Expected volatility                           196.78% 219.00%        
Valuation technique                             P1Y14D        
Securities Purchase Agreement [Member] | Convertible Debentures [Member] | Accredited Investor [Member]                                      
Principal amount   $ 420,000                                  
Description of issue  

Two tranches

                                 
Debt interest rate   10.00%                                  
Conversion price (in dollars per share) | $ / shares   $ 0.75                                  
Percentage of lowest volume weighted average price of common stock   40.00%                                  
Debt term   1 year                                  
Securities Purchase Agreement [Member] | September 2014 Debentures [Member]                                      
Principal amount             $ 2,500,000                        
Description of issue            

Two tranches.

                       
Debt interest rate             5.00%                        
Maturity date             Sep. 19, 2015                        
Description of conversion terms            

All amounts are convertible at any time, in whole or in part, at the option of the holders into shares of the Company’s common stock at a conversion price.

                       
Conversion price (in dollars per share) | $ / shares             $ 11.75                        
Description of conversion price terms            

The Fixed Conversion Price is subject to adjustment for stock splits, combinations or similar events. If the Company makes any subsequent equity sales (subject to certain exceptions), under which an effective price per share is lower than the Fixed Conversion Price, then the conversion price will be reduced to equal such price.

                       
Percentage of lowest volume weighted average price of common stock             70.00%                        
Securities Purchase Agreement [Member] | July 2014 Debentures [Member]                                      
Principal amount               $ 3,500,000                      
Description of issue              

Five tranches.

                     
Debt interest rate               10.00%                      
Maturity date               Jul. 21, 2015                      
Description of conversion terms              

All amounts are convertible at any time, in whole or in part, at the option of the holders into shares of the Company’s common stock at a conversion price.

                     
Conversion price (in dollars per share) | $ / shares               $ 11.75                      
Description of conversion price terms              

The Fixed Conversion Price is subject to adjustment for stock splits, combinations or similar events. If the Company makes any subsequent equity sales (subject to certain exceptions), under which an effective price per share is lower than the Fixed Conversion Price, then the conversion price will be reduced to equal such price.

                     
Percentage of lowest volume weighted average price of common stock               70.00%                      
Securities Purchase Agreement [Member] | August 2015 Debentures [Member]                                      
Principal amount                                   $ 650,000  
Securities Purchase Agreement [Member] | August 2015 Debentures [Member] | Accredited Investor [Member]                                      
Principal amount                 $ 895,000           $ 2,434,143 $ 200,000 $ 1,500,000 $ 3,979,877  
Debt interest rate                                   10.00%  
Number of payments made | Number                             11        
Purchase Agreement [Member] | Convertible Debentures [Member] | Accredited Investor [Member]                                      
Principal amount $ 225,000                                    
Debt interest rate 5.00%                                    
Maturity date Jul. 13, 2016                                    
Conversion price (in dollars per share) | $ / shares $ 0.75                                    
Purchase Agreement [Member] | Convertible Debentures [Member] | Accredited Investor [Member]                                      
Principal amount         $ 1,800,000                            
Description of issue        

Seven Modified Closings

                           
Modified Debenture Agreement [Member] | September 2014 Debentures [Member]                                      
Principal amount     $ 1,300,000 $ 100,000   $ 100,000                          
Conversion price (in dollars per share) | $ / shares     $ 0.88 $ 5.00   $ 5.00                          
Description of conversion price terms      

This new fixed conversion price was a dilutive issuance to the outstanding July 2014 and September 2014 Debentures, thereby triggering a reset of the previous $5 fixed conversion price.

 

This new fixed conversion price was a dilutive issuance to the outstanding July 2014 and September 2014 Debentures, thereby triggering a reset of the previous $5 fixed conversion price.

                         
Percentage of lowest volume weighted average price of common stock     51.00% 51.00%   51.00%                          
Modified Debenture Agreement [Member] | July 2014 Debentures [Member]                                      
Conversion price (in dollars per share) | $ / shares     $ 0.88               $ 1.83                
Description of conversion price terms    

This new fixed conversion price was a dilutive issuance to the outstanding July 2014 and September 2014 Debentures, thereby triggering a reset of the previous $1.83 fixed conversion price.

             

This new fixed conversion price was a dilutive issuance to the outstanding July 2014 and September 2014 Debentures, thereby triggering a reset of the previous $5 fixed conversion price.

               
Percentage of lowest volume weighted average price of common stock     51.00%               51.00%                
Fair value derivative liability     $ 3,287,000                               $ 2,720,000
Gain on derivative liability     $ 1,764,000                                
Modified Debenture Agreement [Member] | Convertible Debentures [Member] | Director [Member]                                      
Principal amount         $ 200,000                            
Conversion price (in dollars per share) | $ / shares         $ 5.00                            
Description of conversion price terms        

New fixed conversion price was a dilutive issuance to the outstanding July 2014 and September 2014 Debentures, thereby triggering a reset of the older fixed conversion price.

                           
Percentage of lowest volume weighted average price of common stock         51.00%                            
Fair value derivative liability         $ 2,690,000                            
Gain on derivative liability                   $ 1,072,000