Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE (Details Narrative)

v3.5.0.2
NOTES PAYABLE (Details Narrative)
3 Months Ended 6 Months Ended
Jun. 08, 2016
USD ($)
$ / shares
May 20, 2016
USD ($)
Number
May 06, 2016
USD ($)
Apr. 21, 2016
USD ($)
Apr. 06, 2016
USD ($)
shares
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
$ / shares
Debt discount amortized           $ 745,150 $ 4,229,977 $ 2,613,227 $ 6,049,639  
Percentage of lowest volume weighted average price of common stock               51.00% 51.00%  
Debt premium           10,000   $ 10,000   $ 16,667
Warrant exercise price (in dollars per shre) | $ / shares                   $ 0.06
Debt discount           12,000   12,000   $ 0
Promissory Note [Member] | Directors [Member]                    
Principal amount $ 250,700         277,866   277,866    
Debt interest rate 8.00%                  
Debt term 6 months                  
Percentage of warrant issued on face amount 51.00%                  
Warrant exercise price (in dollars per shre) | $ / shares $ 0.01                  
Debt discount $ 12,000         $ (12,000)   $ (12,000)    
Warrant fair value $ 12,000                  
Annual risk-free rate 0.93%                  
Estimated term 3 years                  
Expected volatility 172.00%                  
Convertible Promissory Note [Member] | Investor [Member] | Securities Purchase Agreement [Member]                    
Principal amount   $ 1,242,500                
Debt interest rate   10.00%                
Maturity date   Jul. 20, 2017                
Debt discount amortized   $ 112,500                
Debt issuance cost   5,000                
Proceeds from issuance of debt   125,000                
Broker fees   6,250                
Eight Convertible Promissory Note [Member] | Investor [Member] | Securities Purchase Agreement [Member]                    
Principal amount   $ 125,000                
Number of convertible notes issued | Number   8                
Monthly debt repayment   $ 124,250                
Description of debt outstanding  

The Company has a right to prepay the total outstanding balance of the Note at any time (so long as it is not in default under the Note) in cash equal to 125% of the outstanding balance of the Note. Furthermore, for a period of sixty days from the date of entry into the Note, a third party has the right to prepay the outstanding balance of the Note in cash equal to 130% of the outstanding balance of the Note.

               
Description of conversion price terms  

The conversion price shall be 50% of the lowest closing bid price during the twenty trading days immediately preceding the conversion. 

               
Percentage of lowest volume weighted average price of common stock   22.00%                
Percentage of shares reserve   300.00%                
Description of shares reserve outstanding  

(a) no event of default under the Note has occurred; (b) the average daily dollar volume of the Common Stock on its principal market for the twenty (20) trading days is greater than $55,000.00; (c) the market capitalization of the Common Stock on the date of the occurrence is greater than $3,000,000.00; and (d) the share reserve described below remains in place at the required thresholds.

               
Promissory Note [Member]                    
Principal amount         $ 85,000          
Debt interest rate         0.00%          
Debt premium         $ 2,500          
Repayment of debt     $ 47,500 $ 40,000            
Debt extension maturity payment         $ 2,500          
Promissory Note [Member] | Restricted Common Stock [Member]                    
Number of shares issued | shares         600,000