CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | |||||
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Mar. 03, 2017 |
Jun. 10, 2016 |
Nov. 15, 2018 |
Jan. 26, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
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Amortization of debt discount | $ 144,661 | $ 60,387 | $ 764,222 | $ 759,587 | ||||
Interest expense | $ 583,308 | $ 480,132 | $ 1,097,476 | 942,923 | ||||
Interest rate | 8.00% | |||||||
BICX Holding Company LLC [Member] | ||||||||
Convertible promissory note | $ 2,500,000 | $ 4,160,000 | ||||||
Convertible promissory note description | Note was subsequently amended and is convertible into 42.43% of the Company’s total authorized common stock and the Company received additional investment of $1,660,000 from the holder. The note will be convertible into a fixed number of shares of common stock equal to 42.43% (2,227,575 shares) of the total authorized common stock as of March 3, 2017 (closing). | |||||||
Maturity period | Mar. 03, 2020 | |||||||
Interest rate | 8.00% |
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- References No definition available.
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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount by which the convertible debt's if-converted value exceeds its principle amount at the balance sheet date, regardless of whether the instrument is currently convertible. This element applies to public companies only. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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