NOTE 6: DEBT (Details)
|
|
1 Months Ended |
5 Months Ended |
12 Months Ended |
|
|
|
Jul. 30, 2013
USD ($)
|
Dec. 31, 2013
USD ($)
$ / shares
shares
|
Nov. 30, 2013
USD ($)
$ / shares
shares
|
Oct. 31, 2013
USD ($)
$ / shares
|
Aug. 31, 2013
USD ($)
|
Sep. 30, 2013
USD ($)
shares
|
Dec. 31, 2014
USD ($)
$ / shares
shares
|
Dec. 31, 2013
USD ($)
$ / shares
shares
|
Jun. 07, 2014
USD ($)
|
Feb. 17, 2014
USD ($)
|
Dec. 31, 2012
$ / shares
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares |
|
|
|
|
|
|
9,736,826
|
|
|
|
|
Debt Instrument, Unamortized Discount |
|
$ 0
|
|
|
|
|
|
$ 0
|
|
|
|
Proceeds from Convertible Debt |
|
|
|
|
|
|
$ 1,249,500
|
1,300,782
|
|
|
|
Amortization of Debt Discount (Premium) |
|
|
|
|
|
|
$ 2,115,956
|
$ 0
|
|
|
|
Class of Warrant or Rights, Granted (in Shares) | shares |
|
|
|
|
|
|
4,180,000
|
349,434
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares |
|
$ 1.75
|
|
|
|
|
$ 0.60
|
$ 1.75
|
|
|
$ 0
|
Convertible Notes Payable, Current |
|
$ 1,084,382
|
|
|
|
|
$ 1,500,765
|
$ 1,084,382
|
|
|
|
Payments of Financing Costs |
|
|
|
|
|
|
0
|
157,500
|
|
|
|
Repayments of Convertible Debt |
|
|
|
|
|
|
79,250
|
$ 0
|
|
|
|
Stock Issued During Period, Shares, Other (in Shares) | shares |
|
|
|
|
|
|
|
292,432
|
|
|
|
Stock Issued During Period, Value, Other |
|
|
|
|
|
|
1,539,826
|
$ 182,192
|
|
|
|
Notes Payable, Current |
|
413,185
|
|
|
|
|
413,185
|
413,185
|
|
|
|
Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
|
|
|
$ 1,249,500
|
|
|
|
|
Debt Instrument, Convertible, Terms of Conversion Feature |
|
|
|
|
|
|
convertible at variable rates between 58% and 75% of the quoted market price of the Company’s common stock
|
|
|
|
|
Gains (Losses) on Restructuring of Debt |
|
|
|
|
|
|
$ 273,264
|
9,578
|
|
|
|
Debt Instrument, Unamortized Discount |
|
|
|
|
|
|
305,940
|
|
|
|
|
Amortization of Debt Discount (Premium) |
|
|
|
|
|
|
$ 2,079,232
|
|
|
|
|
Number of Notes Repaid |
|
|
|
|
|
|
2
|
|
|
|
|
Repayments of Convertible Debt |
|
|
|
|
|
|
$ 79,250
|
|
|
|
|
Debt Instrument, Maturity Date, Description |
|
|
|
|
|
|
mature between October 2014 and March 2015
|
|
|
|
|
Debt Instrument, Description |
|
|
|
|
|
|
Company entered into standstill agreements with certain of the noteholders preventing conversion for a period of 120 days. In addition, the Company defaulted on certain of its convertible notes during 2014
|
|
|
|
|
Debt Instrument, Increase (Decrease), Net |
|
|
|
|
|
|
$ 273,264
|
|
|
|
|
Convertible Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares |
|
|
|
|
|
|
9,736,826
|
|
|
|
|
Debt Instrument, Unamortized Discount |
|
374,091
|
|
|
|
|
$ 246,615
|
374,091
|
|
|
|
Debt Conversion, Converted Instrument, Amount |
|
|
|
|
|
|
1,948,045
|
|
|
|
|
Notes Payable, Current |
|
1,458,473
|
|
|
|
|
1,747,380
|
1,458,473
|
|
|
|
Convertible Debt [Member] | Principal [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Conversion, Converted Instrument, Amount |
|
|
|
|
|
|
1,460,547
|
|
|
|
|
Convertible Debt [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Unamortized Discount |
|
|
|
|
|
|
$ 400,000
|
|
|
|
|
Class of Warrant or Rights, Granted (in Shares) | shares |
|
|
|
|
|
|
4,180,000
|
|
|
|
|
Warrants, Fair Value of Warrants, Granted |
|
|
|
|
|
|
$ 855,440
|
|
|
|
|
Notes Payable, Other Payables [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Unamortized Discount |
|
$ 28,298
|
|
|
|
|
$ 0
|
$ 28,298
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
0.00%
|
|
|
|
|
Amortization of Debt Discount (Premium) |
|
|
|
|
|
|
$ 28,298
|
|
|
|
|
Class of Warrant or Rights, Granted (in Shares) | shares |
|
38,571
|
310,863
|
|
|
|
4,180,000
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares |
|
$ 1.75
|
$ 1.75
|
|
|
|
|
$ 1.75
|
|
|
|
Warrants, Expiration Date |
|
|
Nov. 30, 2018
|
|
|
|
|
Jun. 04, 2017
|
|
|
|
Warrants, Fair Value of Warrants, Granted |
|
|
$ 292,148
|
|
|
|
$ 855,440
|
$ 21,181
|
|
|
|
Debt Instrument, Maturity Date, Description |
|
|
|
|
|
|
due on demand
|
|
|
|
|
Proceeds from Notes Payable |
|
|
|
|
|
|
$ 15,527
|
|
|
|
|
Repayments of Notes Payable |
|
|
|
|
|
|
35,530
|
|
|
|
|
Notes Payable, Current |
|
$ 433,188
|
|
|
|
|
413,185
|
433,188
|
|
|
|
Notes Payable, Other Payables [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Unamortized Discount |
|
|
|
|
|
|
400,000
|
|
|
|
|
Convertible Note #1 [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
$ 90,000
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Fee, Percentage |
10.00%
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Fee Amount |
$ 9,578
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Maturity Date |
Mar. 01, 2014
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Convertible, Terms of Conversion Feature |
the note becomes convertible into common stock on October 8, 2013 at the lower of $0.05 or 75% of the lowest trading price during the 20 days preceding the date of conversion
|
|
|
|
|
|
|
|
|
|
|
Debt Conversion, Original Debt, Amount |
|
|
|
|
|
|
|
$ 40,000
|
|
|
|
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | shares |
|
|
|
|
|
|
|
68,027
|
|
|
|
Convertible Note #1 [Member] | Convertible Notes Payable [Member] | Principal [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
$ 5,780
|
|
|
|
|
|
|
|
|
|
|
Convertible Note #1 [Member] | Convertible Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Notes Payable, Current |
|
65,358
|
|
|
|
|
0
|
$ 65,358
|
|
|
|
Convertible Note #2 [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
223,333
|
|
|
|
|
|
223,333
|
|
|
|
Debt Instrument, Fee Amount |
|
12,000
|
|
|
|
|
|
12,000
|
|
|
|
Debt Instrument, Convertible, Terms of Conversion Feature |
|
|
|
|
note becomes convertible into common stock 180 days after each borrowing at the lower of $0.05 or 60% of the lowest trading price during the 25 consecutive trading days preceding the date of conversion
|
|
|
|
|
|
|
Debt Instrument, Unamortized Discount |
|
|
|
|
$ 35,000
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
12.00%
|
|
|
|
|
|
|
Debt Instrument, Term |
|
|
|
|
1 year
|
|
|
|
|
|
|
Proceeds from Convertible Debt |
|
|
|
|
|
|
|
150,000
|
|
|
|
Debt Instrument, Convertible, Beneficial Conversion Feature |
|
|
|
|
|
|
|
23,333
|
|
|
|
Amortization of Debt Discount (Premium) |
|
|
|
|
|
|
|
11,020
|
|
|
|
Embedded Derivative, Fair Value of Embedded Derivative Liability |
|
|
|
|
|
|
|
|
$ 55,833
|
$ 167,500
|
|
Convertible Note #2 [Member] | Convertible Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Notes Payable, Current |
|
223,333
|
|
|
|
|
148,986
|
223,333
|
|
|
|
Convertible Note #2 [Member] | Convertible Debt [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Rights, Granted (in Shares) | shares |
|
|
310,863
|
|
|
|
|
|
|
|
|
Convertible Note #3 [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
$ 534,282
|
|
|
|
|
|
|
|
Debt Instrument, Maturity Date |
|
|
|
Apr. 01, 2014
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
8.00%
|
|
|
|
|
|
|
|
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | $ / shares |
|
|
|
$ 0.03
|
|
|
|
|
|
|
|
Convertible Note #3 [Member] | Convertible Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Notes Payable, Current |
|
234,282
|
|
|
|
|
0
|
234,282
|
|
|
|
Covnertible Note #4 [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
55,000
|
|
|
|
|
|
55,000
|
|
|
|
Debt Instrument, Convertible, Terms of Conversion Feature |
|
|
note becomes convertible into common stock 60 days after each borrowing at the lower of $0.03 or 60% of the lowest trading price during the 25 consecutive trading days preceding the date of conversion
|
|
|
|
|
|
|
|
|
Debt Instrument, Unamortized Discount |
|
|
$ 10,000
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
10.00%
|
|
|
|
|
|
|
|
|
Debt Instrument, Term |
|
|
6 months
|
|
|
|
|
|
|
|
|
Proceeds from Convertible Debt |
|
|
|
|
|
|
|
50,000
|
|
|
|
Debt Instrument, Convertible, Beneficial Conversion Feature |
|
|
|
|
|
|
|
5,000
|
|
|
|
Amortization of Debt Discount (Premium) |
|
|
|
|
|
|
|
1,519
|
|
|
|
Covnertible Note #4 [Member] | Convertible Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Notes Payable, Current |
|
300,000
|
|
|
|
|
0
|
300,000
|
|
|
|
Convertible Note #5 [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
445,000
|
|
|
|
|
|
445,000
|
|
|
|
Debt Instrument, Fee Amount |
|
$ 5,000
|
|
|
|
|
|
5,000
|
|
|
|
Debt Instrument, Convertible, Terms of Conversion Feature |
|
|
The note becomes convertible into common stock 90 days after each borrowing at 75% of the average of the 3 lowest closing bid prices during the 20 trading days preceding the date of conversion
|
|
|
|
|
|
|
|
|
Debt Instrument, Unamortized Discount |
|
|
$ 40,000
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
12.00%
|
|
|
|
|
|
|
|
|
Debt Instrument, Term |
|
|
1 year
|
|
|
|
|
|
|
|
|
Proceeds from Convertible Debt |
|
|
|
|
|
|
|
400,000
|
|
|
|
Debt Instrument, Convertible, Beneficial Conversion Feature |
|
|
|
|
|
|
|
40,000
|
|
|
|
Amortization of Debt Discount (Premium) |
|
|
|
|
|
|
|
$ 3,836
|
|
|
|
Class of Warrant or Rights, Granted (in Shares) | shares |
|
|
|
|
|
|
|
310,863
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares |
|
$ 1.75
|
|
|
|
|
|
$ 1.75
|
|
|
|
Warrants, Expiration Date |
|
|
|
|
|
|
|
Nov. 30, 2018
|
|
|
|
Convertible Note #5 [Member] | Convertible Notes Payable [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Amortization of Debt Discount (Premium) |
|
|
|
|
|
|
|
$ 28,014
|
|
|
|
Warrants, Fair Value of Warrants, Granted |
|
|
|
|
|
|
|
292,148
|
|
|
|
Convertible Note #5 [Member] | Convertible Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Notes Payable, Current |
|
$ 55,000
|
|
|
|
|
46,108
|
55,000
|
|
|
|
Convertible Note #6 [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
$ 135,500
|
|
|
|
|
|
135,500
|
|
|
|
Debt Instrument, Term |
|
1 year
|
|
|
|
|
|
|
|
|
|
Convertible Note #6 [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Warrants, Expiration Date |
|
Jun. 04, 2017
|
|
|
|
|
|
|
|
|
|
Warrants, Fair Value of Warrants, Granted |
|
$ 21,181
|
|
|
|
|
|
|
|
|
|
Convertible Note #6 [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Fee Amount |
|
$ 3,500
|
|
|
|
|
|
3,500
|
|
|
|
Debt Instrument, Convertible, Terms of Conversion Feature |
|
The note becomes convertible into common stock 180 days after each borrowing at the lower of $0.05 or a 25% discount to the average reported sale price of common stock for the 20 trading days preceding the date of conversion
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Unamortized Discount |
|
$ 12,000
|
|
|
|
|
|
$ 12,000
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
8.00%
|
|
|
|
|
|
8.00%
|
|
|
|
Proceeds from Convertible Debt |
|
|
|
|
|
|
|
$ 120,000
|
|
|
|
Debt Instrument, Convertible, Beneficial Conversion Feature |
|
|
|
|
|
|
|
12,000
|
|
|
|
Convertible Note #6 [Member] | Convertible Notes Payable [Member] | Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Amortization of Debt Discount (Premium) |
|
|
|
|
|
|
|
$ 1,451
|
|
|
|
Class of Warrant or Rights, Granted (in Shares) | shares |
|
38,571
|
|
|
|
|
|
|
|
|
|
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares |
|
$ 1.75
|
|
|
|
|
|
$ 1.75
|
|
|
|
Convertible Note #6 [Member] | Convertible Debt [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Notes Payable, Current |
|
$ 445,000
|
|
|
|
|
324,495
|
$ 445,000
|
|
|
|
Note Payable #2 [Member] | Notes Payable, Other Payables [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
|
|
$ 457,688
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
0.00%
|
|
|
|
|
|
Amortization of Debt Discount (Premium) |
|
|
|
|
|
|
|
134,147
|
|
|
|
Debt Instrument, Maturity Date, Description |
|
|
|
|
|
between on demand and March 3, 2014
|
|
|
|
|
|
Proceeds from Notes Payable |
|
|
|
|
|
$ 279,405
|
|
|
|
|
|
Stock Issued During Period, Shares, Other (in Shares) | shares |
|
|
|
|
|
263,861
|
|
|
|
|
|
Stock Issued During Period, Value, Other |
|
|
|
|
|
$ 162,445
|
|
|
|
|
|
Repayments of Notes Payable |
|
|
|
|
|
|
|
59,500
|
|
|
|
Notes Payable, Current |
|
398,188
|
|
|
|
|
378,185
|
398,188
|
|
|
|
Note Payable #1 [Member] | Notes Payable, Other Payables [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
$ 35,000
|
|
|
|
|
|
|
|
Debt Instrument, Maturity Date |
|
|
|
Oct. 31, 2014
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
0.00%
|
|
|
|
|
|
|
|
Notes Payable, Current |
|
35,000
|
|
|
|
|
$ 35,000
|
35,000
|
|
|
|
Maximum [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
12.00%
|
|
|
|
|
Payments of Financing Costs |
|
|
|
|
|
|
|
157,500
|
|
|
|
Maximum [Member] | Convertible Note #2 [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
|
|
$ 335,000
|
|
|
|
|
|
|
Maximum [Member] | Covnertible Note #4 [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
$ 110,000
|
|
|
|
|
|
|
|
|
Maximum [Member] | Convertible Note #5 [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
|
$ 445,000
|
|
|
|
|
|
|
|
|
Maximum [Member] | Convertible Note #6 [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Face Amount |
|
$ 135,500
|
|
|
|
|
|
$ 135,500
|
|
|
|
Minimum [Member] | Convertible Notes Payable [Member] |
|
|
|
|
|
|
|
|
|
|
|
NOTE 6: DEBT (Details) [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
8.00%
|
|
|
|
|