Annual report pursuant to Section 13 and 15(d)

Deferred Debt Discount and Other (Details)

v3.7.0.1
Deferred Debt Discount and Other (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Deferred Debt Discount and Other details    
Company recorded debt discount in the amount to reflect the beneficial conversion feature of the convertible debt $ 106,693 $ 1,916,501
Value of the notes on which debt discount was recorded 2,000,000 2,067,500
Company valued the beneficial conversion feature as an addition to paid-in capital 0 1,773,078
The relative fair value of the warrants was calculated and recorded 0 143,423
Amortization of debt discounts 1,376,181 1,866,842
Related Party, the Lender reduced the principal of the debt at $.12 per share $ 280,000 $ 0