Annual report pursuant to Section 13 and 15(d)

8. Hybrid Debt Instrument (Details Narrative)

v3.3.1.900
8. Hybrid Debt Instrument (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Change in fair value of derivative liability $ 2,125,117 $ 0
Costs exceeding the debt proceeds (295,033) (326,916)
Interest expense 266,999 4,706
Accrued interest 77,857 0
Stock issuable for accrued interest 75,935 $ 0
SPA Note [Member]    
Convertible note face value $ 3,000,000  
Debt stated interest rate 10.00%  
Warrants issued with note 10,000,000  
Conversion price $ .15  
Value of compound derivative $ 3,500,000  
Change in fair value of derivative liability (2,100,000)  
Costs exceeding the debt proceeds (60,000)  
Interest expense 154,000  
Accrued interest 78,000  
Stock issuable for accrued interest $ 76,000