XML 58 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
8. STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Preferred Stock Authorized 1,000,000   1,000,000   1,000,000
Preferred Stock Issued 510,000   510,000   510,000
Preferred Stock Outstanding 510,000   510,000   510,000
Preferred Stock par value $ 0.01   $ 0.01   $ 0.01
Cumulative Convertible Preferred Stock Series B Cumulative dividend 7.50%   7.50%   7.50%
Common Stock issued for professional services, shares, Shares     425,416 202,396  
Common Stock issued for professional services, Amount, Amount     $ 221,694 $ 57,651  
Equity units sold       1,760,002  
Gross proceeds net of expenses       $ 510,213  
Payments of Accrued Finder's Fee       $ 51,000  
Finder's fee to be paid in common stock, Shares       52,800  
Value of common stock to be issued as finder's fee       $ 15,312  
Shares of common stock in connection with the conversion of the convertible notes issued       14,913,968  
Equity based compensation $ 118,340 $ 1,385,743 $ 456,969 $ 1,510,830  
Series B Preferred Stock [Member]          
Preferred Stock Authorized 4,000   4,000   4,000
Preferred Stock Issued 0   0   0
Preferred Stock Outstanding 0   0   0
Preferred Stock par value $ 1,000   $ 1,000   $ 1,000
Cumulative Convertible Preferred Stock Series B Cumulative dividend 7.50%   7.50%   7.50%
Series A Preferred Stock          
Preferred Stock Authorized 1,000,000   1,000,000   1,000,000
Preferred Stock Issued 510,000   510,000   510,000
Preferred Stock Outstanding 510,000   510,000   510,000
Preferred Stock par value         $ 0.01
Employee [Member]          
Proceeds from issuance of warrants     $ 69,000    
Professional Services [Member]          
Common Stock issued for professional services, shares, Shares     425,416    
Common Stock issued for professional services, Amount, Amount     $ 221,694    
CEO [Member]          
Equity based compensation     $ 267,000 $ 158,000  
CFO [Member]          
Common stock issued as consideration for payment of compensation, amount       12,000  
Common stock issued as consideration for payment of compensation, shares       37,508  
Exercise price of warrant     $ .55    
Term of warrant     5 years    
Warrants issued     65,000    
Stock issued to warrant purchase     100,000    
Stock compensation expense for the accrued but not vested     $ 14,000