CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES (Details Narrative) - USD ($)
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1 Months Ended |
12 Months Ended |
Jun. 10, 2016 |
Feb. 01, 2016 |
Oct. 01, 2015 |
Feb. 03, 2015 |
Jul. 07, 2014 |
Jun. 29, 2017 |
Oct. 20, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Amortization of debt discount |
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$ 1,460,225
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$ 686,560
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Original issuance discount |
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11,250
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11,250
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Interest rate |
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12.00%
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Cash balance |
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11,342
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$ 92,455
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Fair value of the derivatives liability |
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11,023,244
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Non-cash interest expense |
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$ 9,363,244
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Common stock, shares issued |
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244,086,285
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181,804,501
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Reclassification of fair value of debt derivative at note modification |
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$ 30,806,073
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St. George Investments, LLC [Member] |
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Gain (Loss) on change of fair value of debt derivatives |
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$ 21,051
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Fair value of the derivatives liability |
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$ 170,531
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Dividend yield |
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0.00%
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Expected volatility |
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148.92%
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Estimated fair value |
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$ 0.0265
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Minimum [Member] |
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Conversion price, percentage |
10.00%
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Hoppel/Vista Capital Promissory Notes payable [Member] |
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Original issuance discount |
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$ 20,000
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Maturity period |
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180 days
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Conversion price, percentage |
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60.00%
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Common stock, per share |
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$ 0.025
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Trading days |
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25 days
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Aggregate purchase price |
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$ 13,662,000
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Common stock, shares issued |
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800,000
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Additional shares of common stock |
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250,000
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Hoppel/Capital Vista Promissory Notes Payable [Member] |
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Convertible promissory note |
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220,000
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Gross proceeds |
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$ 200,000
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Maturity period |
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6 months
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BICX Holding Company LLC [Member] |
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Gain (Loss) on change of fair value of debt derivatives |
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$ 12,217,004
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Convertible promissory note |
$ 2,500,000
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Maturity period |
June 10, 2019
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Interest rate |
8.00%
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Conversion price, percentage |
25.00%
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Common stock, per share |
$ 0.019
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Cash balance |
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$ 50,000
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Aggregate principal amount, percentage |
42.43%
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Aggregate purchase price |
$ 5,000,000
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Principal amount |
2,500,000
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$ 2,500,000
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Aggregate fair value embedded derivatives |
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$ 30,806,073
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Dividend yield |
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0.00%
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0.00%
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Expected volatility |
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169.77%
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Weighted average risk-free interest rate |
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1.38%
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Expected life |
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1 year 11 months 12 days
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Estimated fair value |
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$ 0.108
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Reclassification of fair value of debt derivative at note modification |
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$ 30,806,073
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BICX Holding Company LLC [Member] | Minimum [Member] |
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Aggregate purchase price |
1,660,000
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Expected volatility |
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167.85%
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Weighted average risk-free interest rate |
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1.26%
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Expected life |
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2 years 2 months 16 days
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Estimated fair value |
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$ 0.09
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BICX Holding Company LLC [Member] | Maximum [Member] |
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Aggregate purchase price |
$ 4,160,000
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Expected volatility |
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168.32%
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Weighted average risk-free interest rate |
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1.37%
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Expected life |
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2 years 2 months 30 days
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Estimated fair value |
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$ 0.1122
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Iconic Holdings, LLC [Member] |
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Convertible promissory note |
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$ 88,000
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Gross proceeds |
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79,200
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$ 96,170
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Original issuance discount |
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$ 8,800
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Maturity period |
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one year
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90 days
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Debt convertible conversion description |
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The
Company, at its sole discretion, has an option to repay the Iconic note within 90 days of the effective date at a rate of 110%
of unpaid principal or 135% from 91-180 days of effective date. After 180 days, the note may not be prepaid without the consent
of the holder.
The
Note is convertible after 180 days into shares of the Companys common stock at a conversion price equal to 60% discount
to the lowest closing price of the common stock for the 10 trading days immediately prior the conversion date.
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Fair value of the derivatives liability |
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$ 96,170
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$ 88,484
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Dividend yield |
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0.00%
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0.00%
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Expected volatility |
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150.09%
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164.09%
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Weighted average risk-free interest rate |
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0.47%
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0.48%
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Expected life |
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1 year
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8 months 2 days
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Estimated fair value |
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$ 0.0121
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$ 0.0166
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Non-cash interest expense |
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$ 21,722
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St. George Investments, LLC [Member] |
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Convertible promissory note |
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$ 85,000
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Gross proceeds |
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70,500
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$ 105,988
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Original issuance discount |
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$ 7,500
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Maturity period |
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one year
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120 days
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Debt convertible conversion description |
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The
Company may repay the Note at any time on or before 120 days from issuance. If unpaid at 120 days, a one-time interest charge
of 12% shall be applied to the outstanding balance. After 120 days the Company can repay only with the consent of the lender at
125% allowed to repay.
The Note is convertible 120 days
from issuance date at a conversion price equal to 60% discount to the lowest trading price of the common stock for the 25 trading
days immediately prior the conversion date.
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Trading days |
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25 days
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Fair value of the derivatives liability |
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$ 105,988
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$ 112,673
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Dividend yield |
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0.00%
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0.00%
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Expected volatility |
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146.21%
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147.99%
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Weighted average risk-free interest rate |
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0.31%
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0.41%
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Expected life |
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1 year
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8 months 9 days
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Estimated fair value |
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$ 0.0391
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$ 0.027
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Non-cash interest expense |
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$ 35,488
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St. George Investments, LLC [Member] | Minimum [Member] |
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Weighted average risk-free interest rate |
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0.65%
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Expected life |
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9 months
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St. George Investments, LLC [Member] | Maximum [Member] |
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Weighted average risk-free interest rate |
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1.06%
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Expected life |
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1 year 8 months 19 days
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JMJ Financial [Member] |
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Outstanding notes paid off amount |
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$ 35,000
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$ 75,000
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Convertible promissory note |
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$ 250,000
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Gross proceeds |
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225,000
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$ 239,511
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Original issuance discount |
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$ 25,000
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11,000
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Maturity period |
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two years
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120 days
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Interest rate |
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12.00%
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Debt convertible conversion description |
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The
Notes earn an interest rate of 12% per annum after four months of each advance and are convertible six months after the issuance
date of each advance at a conversion price equal to 60% discount to the lowest trading price of the common stock for the 25 trading
days immediately prior the conversion date.
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Trading days |
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25 days
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Aggregate principal amount, percentage |
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125.00%
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Principal amount |
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121,000
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Advanced by holder |
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110,000
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Fair value of the derivatives liability |
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$ 239,511
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$ 61,113
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$ 158,959
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Dividend yield |
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0.00%
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0.00%
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0.00%
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Expected volatility |
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148.16%
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Weighted average risk-free interest rate |
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0.99%
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Expected life |
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2 years
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1 year 8 months 12 days
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Estimated fair value |
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$ 0.027
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Non-cash interest expense |
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$ 134,554
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JMJ Financial [Member] | Minimum [Member] |
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Expected volatility |
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144.83%
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148.32%
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Weighted average risk-free interest rate |
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0.52%
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0.60%
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Expected life |
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1 year 6 months 29 days
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Estimated fair value |
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$ 0.049
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$ 0.04
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JMJ Financial [Member] | Maximum [Member] |
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Expected volatility |
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172.85%
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151.27%
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Weighted average risk-free interest rate |
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0.70%
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0.68%
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Expected life |
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1 year 8 months 2 days
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Estimated fair value |
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$ 0.093
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$ 0.05
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