Quarterly report pursuant to Section 13 or 15(d)

Deferred Debt Discount and Other (Details)

v3.4.0.3
Deferred Debt Discount and Other (Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Deferred Debt Discount and Other details      
The Company recorded a deferred debt discount in the amount $ 1,000,000   $ 2,067,500
Company valued the beneficial conversion feature and recorded the amount 724,280   1,916,501
Company valued the beneficial conversion feature as an addition to paid-in capital 686,813   1,773,078
The relative fair value of the warrants was calculated and recorded 37,468   143,423
Amortization of debt discounts $ 441,931 $ 518,900 $ 1,866,842