Convertible debt consists of the following (Details) - USD ($) |
Sep. 30, 2016 |
Dec. 31, 2015 |
|---|---|---|
| Convertible debt consists of the following | ||
| 1% Convertible notes payable, due October 2016 | $ 240,000 | $ 240,000 |
| 11% Convertible note payable - HEP Investments LLC | 8,361,858 | 5,583,269 |
| 11% Convertible note payable - New Lender; placed by Paulson, due September 30, 2018 | 600,000 | |
| Less: Current portion | 9,201,858 | 5,823,269 |
| Long term portion | 2,383,987 | 1,224,510 |
| Total Convertible debt | $ 6,817,871 | $ 4,598,759 |
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- References No definition available.
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- Definition Less: Current portion No definition available.
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- Definition Long term portion No definition available.
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- Definition 11% Convertible note payable - HEP Investments LLC No definition available.
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- Definition 11% Convertible note payable - New Lender; placed by Paulson, due September 30, 2018 No definition available.
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- Definition 1% Convertible notes payable, due October 2016 No definition available.
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- Definition Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company. No definition available.
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