SUBSEQUENT EVENTS |
3 Months Ended |
|---|---|
Mar. 31, 2016 | |
| SUBSEQUENT EVENTS | |
| SUBSEQUENT EVENTS |
NOTE 8 - SUBSEQUENT EVENTS
11% Convertible Debt - HEP Investments, LLC / Loans Payable - Related Party
During the period April 1, 2016 through May 13, 2016, HEP Investments, LLC, a related party, advanced the Company an aggregate of $65,000, bringing the Company’s total indebtedness to HEP Investments to $8,673,717. $8,427,200 of this amount has been classified as 11% Convertible Debt - HEP Investments, LLC. The remaining portion of $246,517 of the advances from HEP Investments, LLC referenced above will remain classified as a Loan Payable – Related Party until such time as the next tranche is completed by HEP.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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