Annual report pursuant to Section 13 and 15(d)

CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES (Details Narrative)

v3.8.0.1
CONVERTIBLE NOTES PAYABLE AND DERIVATIVE LIABILITIES (Details Narrative) - USD ($)
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               $ 1,460,225 $ 686,560  
Original issuance discount               11,250 11,250  
Interest rate         12.00%          
Cash balance               11,342 $ 92,455  
Fair value of the derivatives liability               11,023,244    
Non-cash interest expense               $ 9,363,244    
Common stock, shares issued               244,086,285 181,804,501  
Reclassification of fair value of debt derivative at note modification               $ 30,806,073  
St. George Investments, LLC [Member]                    
Gain (Loss) on change of fair value of debt derivatives                   $ 21,051
Fair value of the derivatives liability                   $ 170,531
Dividend yield                   0.00%
Expected volatility                   148.92%
Estimated fair value                   $ 0.0265
Minimum [Member]                    
Conversion price, percentage 10.00%                  
Hoppel/Vista Capital Promissory Notes payable [Member]                    
Original issuance discount             $ 20,000      
Maturity period               180 days    
Conversion price, percentage               60.00%    
Common stock, per share               $ 0.025    
Trading days               25 days    
Aggregate purchase price               $ 13,662,000    
Common stock, shares issued               800,000    
Additional shares of common stock               250,000    
Hoppel/Capital Vista Promissory Notes Payable [Member]                    
Convertible promissory note             220,000      
Gross proceeds             $ 200,000      
Maturity period             6 months      
BICX Holding Company LLC [Member]                    
Gain (Loss) on change of fair value of debt derivatives           $ 12,217,004        
Convertible promissory note $ 2,500,000                  
Maturity period June 10, 2019                  
Interest rate 8.00%                  
Conversion price, percentage 25.00%                  
Common stock, per share $ 0.019                  
Cash balance               $ 50,000    
Aggregate principal amount, percentage 42.43%                  
Aggregate purchase price $ 5,000,000                  
Principal amount 2,500,000             $ 2,500,000    
Aggregate fair value embedded derivatives           $ 30,806,073        
Dividend yield           0.00%   0.00%    
Expected volatility           169.77%        
Weighted average risk-free interest rate           1.38%        
Expected life           1 year 11 months 12 days        
Estimated fair value           $ 0.108        
Reclassification of fair value of debt derivative at note modification           $ 30,806,073        
BICX Holding Company LLC [Member] | Minimum [Member]                    
Aggregate purchase price 1,660,000                  
Expected volatility               167.85%    
Weighted average risk-free interest rate               1.26%    
Expected life               2 years 2 months 16 days    
Estimated fair value               $ 0.09    
BICX Holding Company LLC [Member] | Maximum [Member]                    
Aggregate purchase price $ 4,160,000                  
Expected volatility               168.32%    
Weighted average risk-free interest rate               1.37%    
Expected life               2 years 2 months 30 days    
Estimated fair value               $ 0.1122    
Iconic Holdings, LLC [Member]                    
Convertible promissory note   $ 88,000                
Gross proceeds   79,200           $ 96,170    
Original issuance discount   $ 8,800                
Maturity period   one year           90 days    
Debt convertible conversion description              

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 Company’s 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.

   
Fair value of the derivatives liability               $ 96,170 $ 88,484  
Dividend yield               0.00% 0.00%  
Expected volatility               150.09% 164.09%  
Weighted average risk-free interest rate               0.47% 0.48%  
Expected life               1 year 8 months 2 days  
Estimated fair value               $ 0.0121 $ 0.0166  
Non-cash interest expense               $ 21,722    
St. George Investments, LLC [Member]                    
Convertible promissory note     $ 85,000              
Gross proceeds     70,500         $ 105,988    
Original issuance discount     $ 7,500              
Maturity period     one year         120 days    
Debt convertible conversion description    

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.

             
Trading days               25 days    
Fair value of the derivatives liability     $ 105,988           $ 112,673  
Dividend yield     0.00%           0.00%  
Expected volatility     146.21%           147.99%  
Weighted average risk-free interest rate     0.31%           0.41%  
Expected life     1 year           8 months 9 days  
Estimated fair value     $ 0.0391           $ 0.027  
Non-cash interest expense               $ 35,488    
St. George Investments, LLC [Member] | Minimum [Member]                    
Weighted average risk-free interest rate                   0.65%
Expected life                   9 months
St. George Investments, LLC [Member] | Maximum [Member]                    
Weighted average risk-free interest rate                   1.06%
Expected life                   1 year 8 months 19 days
JMJ Financial [Member]                    
Outstanding notes paid off amount                 $ 35,000 $ 75,000
Convertible promissory note       $ 250,000            
Gross proceeds       225,000       $ 239,511    
Original issuance discount       $ 25,000           11,000
Maturity period       two years       120 days    
Interest rate               12.00%    
Debt convertible conversion description              

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.

   
Trading days               25 days    
Aggregate principal amount, percentage               125.00%    
Principal amount                   121,000
Advanced by holder                   110,000
Fair value of the derivatives liability               $ 239,511 $ 61,113 $ 158,959
Dividend yield               0.00% 0.00% 0.00%
Expected volatility                 148.16%  
Weighted average risk-free interest rate                 0.99%  
Expected life               2 years 1 year 8 months 12 days  
Estimated fair value                 $ 0.027  
Non-cash interest expense                   $ 134,554
JMJ Financial [Member] | Minimum [Member]                    
Expected volatility               144.83%   148.32%
Weighted average risk-free interest rate               0.52%   0.60%
Expected life                   1 year 6 months 29 days
Estimated fair value               $ 0.049   $ 0.04
JMJ Financial [Member] | Maximum [Member]                    
Expected volatility               172.85%   151.27%
Weighted average risk-free interest rate               0.70%   0.68%
Expected life                   1 year 8 months 2 days
Estimated fair value               $ 0.093   $ 0.05