XML 96 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
8. STOCKHOLDERS' EQUITY (Details Narrative) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 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     1,062,930    
Common Stock issued for professional services, Amount, Amount     $ 441,841    
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       15,312  
Value of common stock to be issued as finder's fee       $ 52,800  
Shares of common stock in connection with the conversion of the convertible notes issued       14,913,968  
Equity based compensation $ 85,322 $ 109,060 $ 542,291 $ 1,619,890  
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   $ 0.01   $ 0.01
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%
COO [Member]          
Common Stock issued for professional services, shares, Shares     100,000    
Common Stock issued for professional services, Amount, Amount     $ 45,000    
Director [Member]          
Common Stock issued for professional services, shares, Shares     225,000    
Common Stock issued for professional services, Amount, Amount     $ 101,250    
Warrants issued     10,800    
Employee [Member]          
Common Stock issued for professional services, shares, Shares     761,954    
Common Stock issued for professional services, Amount, Amount     $ 369,654    
Stock compensation expense for the accrued but not vested     $ 81,000    
CFO [Member]          
Common Stock issued for professional services, shares, Shares       50,146  
Common Stock issued for professional services, Amount, Amount       $ 18,000  
Equity units sold     100,000    
Exercise price of warrant     $ 0.55    
Term of warrant     5 years    
Warrants issued     73,000    
Stock compensation expense     $ 22,000    
CEO [Member]          
Common Stock issued for professional services, shares, Shares       225,000  
Common Stock issued for professional services, Amount, Amount       $ 101,250  
Equity units sold     250,000    
Exercise price of warrant     $ 0.32    
Term of warrant     5 years    
Proceeds from issuance of warrants     $ 333,000    
Warrants issued       237,000  
Stock compensation expense     $ 39,000    
Investors [Member]          
Gross proceeds net of expenses       $ 8,225,000  
Shares of common stock in connection with the conversion of the convertible notes issued       17,986,111  
Proceeds from issuance of common stock, Shares       8,225,000  
Warrants issued       4,400,005