NOTES PAYABLE (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|
Aug. 15, 2016 |
Mar. 15, 2016 |
Jul. 07, 2014 |
Mar. 31, 2016 |
Jan. 22, 2013 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Notes payable balance | $ 172,748 | $ 518,660 | |||||
Interest expense | $ 17,970 | $ 60,000 | |||||
Unpaid balance | $ 942,596 | ||||||
Unsecured promissory notes | $ 545,218 | $ 200,000 | |||||
Interest rate | 12.00% | ||||||
Monthly payments | $ 10,658 | ||||||
Common stock, shares issued | 300,000 | 181,804,501 | 164,144,501 | ||||
Aggregate purchase price | $ 1,132,000 | ||||||
Payment obligation | $ 1,000,000 | ||||||
Period of obligation | 14 months | ||||||
Deposits applied as payment on note payable | $ 57,404 | ||||||
Termination of licensing agreement | $ 132,804 | $ 132,804 | $ 3,639,694 | ||||
Secured promissory note | $ 360,000 | ||||||
Issunace period | 90 days | ||||||
Proceeds received | $ 300,000 | ||||||
Original issuance discount | $ 60,000 | $ 11,250 | |||||
Licensing Agreements [Member] | |||||||
Termination of licensing agreement | $ 132,804 |
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- References No definition available.
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- References No definition available.
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Dividend or interest rate associated with the financial instrument issued in exchange for the original debt being converted in a noncash or part noncash transaction. Noncash are transactions that affect recognized assets or liabilities but that do not result in cash receipts or cash payments. Part noncash refers to that portion of the transaction not resulting in cash receipts or cash payments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the required periodic payments including both interest and principal payments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after accumulated amortization, of debt discount (premium). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of decrease that relates to an irrevocable action that relieves the employer (or the plan) of primary responsibility for a benefit obligation and eliminates significant risks related to the obligation and the assets used to effect the settlement. Examples of transactions that constitute a settlement include (a) making lump-sum cash payments to plan participants in exchange for their rights to receive specified benefits and (b) purchasing nonparticipating annuity contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The loss recognized on termination of a contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of all notes and loans payable (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net cash inflow or outflow associated with the aggregate amount of adjustment to the purchase price of a previous acquisition. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Cash received for fees during the current period. This element excludes cash proceeds from license fees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from borrowings supported by a written promise to pay an obligation that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from borrowings supported by a written promise to pay an obligation that is uncollateralized (where debt is not backed by the pledge of collateral). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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