COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) |
1 Months Ended | 6 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jul. 15, 2019 |
Dec. 10, 2015 |
Jul. 31, 2019 |
May 30, 2019 |
Mar. 28, 2019 |
Jun. 30, 2019 |
Jun. 30, 2018 |
Dec. 31, 2018 |
Nov. 20, 2015 |
Oct. 19, 2015 |
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Consulting and scientific advisory board agreement description | : (i) two advisory board members shall be issued common stock equivalent to $5,000 the last day of such quarter when meetings are held (ii) one consultant shall receive common stock equivalent to $6,250 on the last day of each month and (ii) one consultant shall receive a renumeration amount of $10,000-$12,000 per month with an earn out potential of 1% of the Company’s majority owned subsidiary, BioCorRx Pharmaceuticals based on certain factors. | |||||||||
Common stock shares issued for services | 33,588 | 7,500 | ||||||||
Lease expiry date | Jun. 30, 2019 | |||||||||
Lucido Subscription and Royalty Agreement [Member] | ||||||||||
Subscription and royalty agreement description | Pursuant to the Lucido Subscription and Royalty Agreement: (i) Mr. Lucido purchased shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), in the aggregate amount of $3,000,000 at a purchase price of $15.00 per share (the “Purchase Price”), for a total of 200,000 shares of Common Stock; and (ii) the Company shall pay Lucido (a) a total of $37.50 from the gross revenue derived from each of its weight loss treatments sold in the United States starting on the first (1st) day that the first unit of the treatment is sold (the “Initial Sales Date”) and ending on the third (3rd) anniversary of the Initial Sales Date; and (b) a total of $25.00 from the gross revenue derived from each of its weight loss treatments sold in the United States starting on the day following the third (3rd) anniversary of the Initial Sales Date and ending on the fifteenth (15th) anniversary of the Initial Sales Date (the “Royalty”) | |||||||||
Description for the use of proceeds under agreement | The Company will use no less than 65% of the proceeds of the aggregate Purchase Price of the Lucido Subscription and Royalty Agreement exclusively to develop, launch and expand the Company’s weight loss program (the “Business”) including sales and marketing activities directly related to the Business, and shall be free to use up to 35% of the aggregate Purchase Price of the Lucido Subscription and Royalty Agreement for general working capital and administration, and for further product development. With the prior written consent of Mr. Lucido, the Company may use more than 35% of the aggregate Purchase Price for general working capital and administration, and for further product development | |||||||||
Soupface [Member] | ||||||||||
Compensation for services | $ 15,833 | |||||||||
Alpine Creek Capital Partners LLC [Member] | ||||||||||
Total royalty payable | $ 405,000 | |||||||||
Deposit amount | $ 55,000 | |||||||||
Cancellation of secured promissory note | $ 55,000 | |||||||||
Payables to the Company | 295,000 | 96,120 | $ 96,120 | |||||||
Payables to Alpine Creek | $ 1,215,000 | $ 27,800 | ||||||||
Payable commitment description | In the event that the Company has not paid Alpine Creek $1,215,000 within 24 months of the Effective Date, then the Company shall continue to pay Alpine Creek fifty percent (50%) for each Treatment following the Effective Date until the Company has paid Alpine Creek an aggregate of $1,620,000, with the exception of treatments conducted in certain territories | On any other proprietary implant distribution, that excludes the “treatment”, for alcohol and opioid addiction and for which no other payment is due, the Company shall pay 2.5% of the Company’s gross profit for implant distribution not to exceed $100 per sale. | ||||||||
Payable per treatment sold | $ 100 | |||||||||
Profit holding percentage | 50.00% | |||||||||
Galligan Subscription and Royalty Agreemen [Member] | ||||||||||
Shares issued | 200,000 | |||||||||
Galligan Subscription and Royalty Agreemen [Member] | April 1, 2019 [Member] | ||||||||||
Development and expansion expenses amount | $ 3,000,000 | |||||||||
Charles River [Member] | ||||||||||
Consideration amount | $ 2,760,000 | |||||||||
Lucido [Member] | ||||||||||
Shares issued | 200,000 | |||||||||
Mr. Tom Welch [Member] | ||||||||||
Compensation for services | 12,500 | |||||||||
Mr. Kent Emry [Member] | March 1, 2019 [Member] | ||||||||||
Compensation for services | 15,000 | |||||||||
Common stock issuable value | 5,000 | |||||||||
Ms. Lourdes Felix [Member] | March 1, 2019 [Member] | ||||||||||
Compensation for services | 15,000 | |||||||||
Common stock issuable value | 5,000 | |||||||||
Mr. Brady Granier [Member] | March 1, 2019 [Member] | ||||||||||
Compensation for services | 15,000 | |||||||||
Common stock issuable value | 5,000 | |||||||||
Mr. Louis Lucido [Member] | March 1, 2019 [Member] | ||||||||||
Compensation for services | 15,000 | |||||||||
Common stock issuable value | 5,000 | |||||||||
Ms. Luisa Ingargiola [Member] | March 1, 2019 [Member] | ||||||||||
Compensation for services | 15,000 | |||||||||
Common stock issuable value | $ 5,000 | |||||||||
Subsequent Event [Member] | ||||||||||
Common stock shares issued for services | 1,658 | |||||||||
Lease expiry date | Nov. 30, 2024 | |||||||||
Lease monthly rent | $ 11,018 | |||||||||
Lease monthly rent escalation description | The extended lease has escalating payments from $9,505 per month to $11,018 per month. |