Annual report pursuant to Section 13 and 15(d)

Deferred Debt Discount and Other (Details)

v3.3.1.900
Deferred Debt Discount and Other (Details)
12 Months Ended
Dec. 31, 2015
USD ($)
Deferred Debt Discount and Other details  
The Company recorded a deferred debt discount in the amount $ 2,067,500
Company valued the beneficial conversion feature and recorded the amount 1,916,501
Company valued the beneficial conversion feature as an addition to paid-in capital 1,773,078
The relative fair value of the warrants was calculated and recorded 143,423
Amortization of discounts $ 1,866,842