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2. GOING CONCERN | 12 Months Ended
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Dec. 31, 2015
Capitalization of accrued interest to convertible notes payable |
GOING CONCERN | As reflected in the accompanying consolidated financial statements for the years ended December 31, 2015 and 2014, the Company had net losses of $1,839,533 (which includes $121,915 of stock based compensation expense) and $3,146,302 (which includes $736,388 of stock based compensation expense), respectively, and net cash used in operating activities of $2,469,343 and $1,817,122, respectively. Additionally, at December 31, 2015, the Company had a working capital deficit of $1,915,684, stockholders’ deficit of $1,408,603, and accumulated deficit of $32,601,933. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Envision is pursuing a capital raise to provide funds during the upcoming months and will look to raise additional funds for further operating capital and working capital later in the fiscal year. Further, the Company will seek additional sales that would provide additional revenues and possible gross profits. All such actions and funds, if successful, may or may not be sufficient to cover monthly operating expenses or meet minimum payments with respect to the Company’s liabilities over the next twelve months or providing additional working capital. From January 1, 2015 through December 31, 2015, the Company raised $815,000 from a securities offering and drew down $800,000 on a $1,000,000 line of credit that was established during the year. The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

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- Definition The entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 40 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51888302&loc=SL51888449-203568 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 40 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51888302&loc=SL51888443-203568 + Details
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