SUBSEQUENT EVENTS (Details) |
Mar. 29, 2016
USD ($)
$ / shares
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---|---|
SUBSEQUENT EVENTS Details | |
HEP Investments a related party, advanced an additional | $ 1,000,000 |
Company recorded a debt discount in the amount | 1,000,000 |
Company recorded a debt discount in amount for transaction | 1,000,000 |
Company issued to the Lender for aggregate consideration | $ 1,000,000 |
Two convertible notes | 11.00% |
Convertible notes and warrants to purchase common shares, | $ 1,000,000 |
Exercise price of common stock per share, | $ / shares | $ 0.10 |
Convertible Notes accrue interest rate per annum | 11.00% |
Convertible Notes accrues in term in years | 2 |
Common stock, at a rate equal to per share | $ / shares | $ 0.10 |
Company valued the beneficial conversion feature and recorded the amount , | $ 62,750 |
Fair value of the warrants was calculated and recorded | 937,430 |
HEP Investments has reached a balance | 8,605,902 |
Advances have been converted into convertible debt | $ 8,427,200 |
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- Definition Advances have been converted into convertible debt No definition available.
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- Definition Common stock, at a rate equal to per share No definition available.
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- Definition Company issued to the Lender for aggregate consideration No definition available.
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- Definition Company recorded a debt discount in amount for transaction No definition available.
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- Definition Company recorded a debt discount in the amount No definition available.
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- Definition Company valued the beneficial conversion feature and recorded the amount , No definition available.
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- Definition Convertible Notes accrue interest rate per annum, No definition available.
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- Definition Convertible Notes accrues in term in years No definition available.
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- Definition Convertible notes and warrants to purchase common shares, No definition available.
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- Definition Exercise price of common stock per share, No definition available.
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- Definition Fair value of the warrants was calculated and recorded No definition available.
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- Definition HEP Investments a related party, advanced an additional No definition available.
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- Definition HEP Investments has reached a balance No definition available.
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- Definition Written off as other expense No definition available.
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- Definition Two convertible notes No definition available.
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