v3.10.0.1
PROMISSORY NOTES AND OTHER DEBT (Promissory Notes Outstanding) (Detail)
 1 Months Ended 3 Months Ended 9 Months Ended
Aug. 31, 2018
Feb. 27, 2018
Jul. 17, 2017
Oct. 21, 2016
Mar. 31, 2017
Sep. 30, 2018
USD ($)
Principal Amount           $ 1,044,546
Maturity Date Nov. 30, 2018 Apr. 30, 2018 Nov. 15, 2017 Oct. 31, 2017 Apr. 30, 2017  
Secured Note One [Member] | Convertible Promissory Notes [Member]            
Principal Amount           $ 44,546
Interest Rate           11.50%
Maturity Date [1]           Nov. 30, 2018
Conversion Rate           1.254
Secured Note Two [Member] | Notes Payable [Member]            
Principal Amount           $ 250,000
Interest Rate           11.50%
Maturity Date [2]           Apr. 30, 2017
Conversion Rate           1.254
Unsecured Note One [Member] | Convertible Promissory Notes [Member]            
Principal Amount           $ 250,000
Interest Rate           6.50%
Maturity Date [2]           Apr. 30, 2017
Conversion Rate           1.254
Unsecured Note Two [Member] | Convertible Promissory Notes [Member]            
Principal Amount           $ 500,000
Interest Rate           6.50%
Maturity Date [2]           Apr. 30, 2017
Conversion Rate           1.254
[1] On October 21, 2016, the Company and the holder of this note mutually agreed to amend the note by: (i) extending the maturity date from April 12, 2016 to October 31, 2017; (ii) continuing the interest rate at 11.5% per annum through the new maturity date; (iii) obligating the Company to make monthly payments on the note of $10,000 per month beginning in November 2016; and (iv) adding a conversion feature to the note that allows the note holder to convert the unpaid balance due under the note into shares of the Company’s common stock at a conversion rate of $6.40 per share. On July 17, 2017, the Company and the holder of this note mutually agreed to further amend the note by: (a) extending the maturity date from October 31, 2017 to November 15, 2017; (b) granting to the holder of the note a right to convert the entire outstanding unpaid balance of the note, including any unpaid accrued interest thereon, into shares of the Company’s common stock at a conversion rate of $3.00 per share through November 15, 2017; and (c) tolling the Company’s obligation to make monthly payments on the note until after November 15, 2017. On February 27, 2018, the Company and the holder of this note mutually agreed to further amend the note by: (a) extending the maturity date from November 15, 2017 to April 30, 2018; and (b) further tolling the Company’s obligation to make monthly payments on the note until after April 30, 2018, at which time, the maturity date was further extended and the Company was to resume making payments of $10,000 per month until the note is paid in full. In August 2018, the Company and the holder of this note mutually agreed to further amend the note by: (a) extending the maturity date from April 30, 2018 to November 30, 2018; (b) granting to the holder of the note a right to convert the entire outstanding unpaid balance of the note, including any unpaid accrued interest thereon, into shares of the Company’s common stock at a conversion rate of $3.00 per share through November 30, 2018; and (c) tolling the Company’s obligation to make monthly payments on the note until after November 30, 2018, at which time, the maturity date will be further extended and the Company will resume making payments of $10,000 per month until the note is paid in full.
[2] In March 2017, the Company and the holder of these notes mutually agreed to extend the maturity dates of these notes to April 30, 2017, thus curing the technical default of the notes that had occurred on the prior maturity dates of May 11, 2016 for the secured note and April 15, 2016 for the unsecured notes. As of September 30, 2018, these notes were once again in technical default. However, the note holder has not declared an event of default. The Company is attempting to further extend the maturity dates on these notes. However, the Company gives no assurance that an agreement to extend such maturity dates will be achieved.