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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Summary of Significant Accounting Policies [Abstract]

Summary of estimated amortization expense of intangible assets

For the year ending December 31,:
2017		$	583,500
2018			583,500
2019			138,300
2020			138,300
2021		$	138,300

Summary of financial liabilities measured at fair value on a recurring basis

		Successor June 30, 2016				Quoted prices in active market for identical assets (Level l)				Significant other observable inputs (Level 2)				Significant unobservable inputs (Level 3)
Conversion Option Liabilities		$	394,460			$	-			$	-			$	394,460

		Predecessor December 31, 2015				Quoted prices in active market for identical assets (Level l)				Significant other observable inputs  (Level 2)				Significant unobservable inputs  (Level 3)
Warrant Liabilities		$	-			$	-			$	-			$	-	(1)
Conversion Option Liabilities		$	-			$	-			$	-			$	-	(1)

(1) Diminimus value at December 31, 2015.

Summary of the changes in the fair value of the Company's Level 3 financial liabilities measured on a recurring basis

		Successor For the six months ended June 30, 2016				Predecessor For the six months ended June 30, 2015
Beginning balance		$	-			$	646,671
Aggregate fair value of conversion option liabilities and warrants issued			394,460				-
Change in fair value related to increase in warrants issued for anti-dilutive adjustment			-				-
Change in fair value of conversion option liabilities and warrants			-				(515,382	)
Ending balance		$	394,460			$	131,289

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Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
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-Section 50
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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19279-110258

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-Name Accounting Standards Codification
-Topic 820
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-Section 50
-Paragraph 2
-Subparagraph (c)
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Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

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