RELATED PARTY TRANSACTIONS (Details Narrative)
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12 Months Ended |
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Sep. 30, 2015
USD ($)
Number
$ / shares
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Apr. 14, 2015
USD ($)
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Jan. 08, 2015
USD ($)
shares
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Jul. 31, 2014
shares
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Dec. 16, 2013
USD ($)
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Nov. 08, 2013
shares
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Oct. 08, 2013
$ / shares
shares
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Sep. 30, 2015
USD ($)
Number
$ / shares
shares
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Sep. 30, 2014
$ / shares
shares
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Sep. 24, 2015
USD ($)
Number
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Sep. 15, 2015
USD ($)
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Sep. 14, 2015
USD ($)
$ / shares
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Jul. 03, 2015
USD ($)
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Jun. 03, 2015
USD ($)
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Jun. 02, 2015
USD ($)
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Mar. 28, 2015
Number
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Mar. 18, 2015
USD ($)
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Mar. 17, 2015
USD ($)
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Sep. 26, 2014
USD ($)
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Sep. 22, 2014
USD ($)
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Exercise price (in dollars per share) | $ / shares |
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$ 0.08
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$ 0.25
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Number of stock options granted | shares |
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2,000,000
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2,725,000
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Secured Convertible Promissory Notes (September 2015 Notes) [Member] |
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Number of accredited investors | Number |
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6
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Conversion price (in dollars per share) | $ / shares |
$ 0.25
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$ 0.25
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Face amount |
$ 3,000,000
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$ 3,000,000
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$ 710,000
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Governance Agreements [Member] | Termination Agreements With SAIL Capital Partners [Member] |
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Number of directors nominated under agreement | Number |
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3
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Governance Agreements [Member] | Termination Agreements With Equity Dynamics,Inc [Member] |
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Number of directors nominated under agreement | Number |
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4
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Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Number of accredited investors | Number |
9
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9
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Purchase of convertible note |
$ 3,000,000
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$ 3,000,000
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Conversion price (in dollars per share) | $ / shares |
$ 0.25
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$ 0.25
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Face amount |
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$ 2,500,000
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Amendment Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Description of conversion terms |
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Conversion price of all notes will be $0.05 per share
(as adjusted for stock splits, stock dividends, combinations or the like affecting the Common Stock) (the Fixed Conversion
Price) (i) automatically, in the event of a qualified financing of not less than $5 million, or (ii) voluntary, within
15 days prior to the maturity date of the note. The Omnibus Amendment also amended the form of note attached to the Note Purchase
Agreement to reflect the Fixed Conversion Price.
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Description of collateral |
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Secured by a security interest in the Companys
intellectual property, as detailed in a security agreement.
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Description of repayment priority |
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Upon a change of control of the Company, the holder
of a Note will have the option to have the Note repaid with a premium equal to 50% of the outstanding principal.
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Proceeds from issuance of debt |
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$ 500,000
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Conversion price (in dollars per share) | $ / shares |
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$ 0.05
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Face amount |
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$ 3,000,000
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Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] |
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Number of secured notes issued | Number |
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6
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Face amount |
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$ 710,000
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2012 Omnibus Incentive Compensation Plan [Member] |
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Number of stock options granted | shares |
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250,000
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425,000
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700,000
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13,728,087
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Description of vesting rights |
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Option
vesting is contingent upon the achievement of agreed upon goals.
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Options
vest evenly over 36 months starting on the date of grant.
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Options
vest evenly over 48 months starting on the date of grant; consultant options vest evenly over 36 months starting on the date
of grant.
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These
options vested pro-rata over 12 months starting from the date of grant.
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Two Executive Officers And Two Senior Managers [Member] | 2012 Omnibus Incentive Compensation Plan [Member] |
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Exercise price (in dollars per share) | $ / shares |
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$ 0.25
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Description of vesting rights |
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These options vested pro-rata over 12 months starting
from the date of grant.
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George Carpenter [Member] | 2012 Omnibus Incentive Compensation Plan [Member] |
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Number of stock options granted | shares |
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435,000
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George Carpenter [Member] | 2012 Omnibus Incentive Compensation Plan [Member] | Employment Compensation Forfeiture and Exchange Agreement [Member] |
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Forgiveness salary |
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$ 98,000
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Paul Buck [Member] | 2012 Omnibus Incentive Compensation Plan [Member] |
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Number of stock options granted | shares |
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470,000
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Paul Buck [Member] | 2012 Omnibus Incentive Compensation Plan [Member] | Employment Compensation Forfeiture and Exchange Agreement [Member] |
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Forgiveness salary |
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106,500
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Stewart Navarre [Member] | 2012 Omnibus Incentive Compensation Plan [Member] |
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Number of stock options granted | shares |
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385,000
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Stewart Navarre [Member] | 2012 Omnibus Incentive Compensation Plan [Member] | Employment Compensation Forfeiture and Exchange Agreement [Member] |
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Forgiveness salary |
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83,600
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Brian MacDonald [Member] | 2012 Omnibus Incentive Compensation Plan [Member] |
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Number of stock options granted | shares |
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310,000
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Brian MacDonald [Member] | 2012 Omnibus Incentive Compensation Plan [Member] | Employment Compensation Forfeiture and Exchange Agreement [Member] |
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Forgiveness salary |
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$ 66,700
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RSJ Private Equity & Eight Accredited Investors [Member] | Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Number of accredited investors | Number |
9
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9
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Number of secured notes issued | Number |
15
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15
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Face amount |
$ 2,270,000
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$ 2,270,000
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RSJ Private Equity [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Purchase of convertible note |
1,100,000
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1,100,000
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RSJ Private Equity [Member] | Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Purchase of convertible note |
$ 750,000
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$ 750,000
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$ 750,000
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RSJ Private Equity [Member] | Amendment Note Purchase Agreement [Member] |
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Description of conversion terms |
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Pursuant to the Omnibus Amendment, such Notes are
convertible into shares of Common Stock at $0.05 per share: (i) automatically, upon the closing of a qualified offering of not
less than $5 million, or (ii) voluntarily, within 15 days prior to maturity.
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RSJ Private Equity [Member] | Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] |
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Purchase of convertible note |
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350,000
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John Pappajohn [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] |
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Description of conversion terms |
The September 2015 Notes are convertible into share
of Common Stock (i) automatically, in the event of a qualified financing of not less than $5 million, or (ii) voluntary, within
15 days prior to the maturity date of the note. The Omnibus Amendment also amended the form of note attached to the Note Purchase
Agreement to reflect the Fixed Conversion Price, such that the conversion price of all notes will be $0.05 per share (as adjusted
for stock splits, stock dividends, combinations or the like affecting the Common Stock) (the Fixed Conversion Price).
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John Pappajohn [Member] | Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Number of secured notes issued | Number |
3
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3
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Purchase of convertible note |
$ 400,000
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$ 400,000
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$ 100,000
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$ 100,000
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200,000
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John Pappajohn [Member] | Amendment Note Purchase Agreement [Member] |
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Description of conversion terms |
Pursuant to the Omnibus Amendment, the Notes are
convertible into shares of Common Stock at $0.055 per share: (i) automatically upon the closing of a qualified offering of not
less than $5 million or (ii) voluntarily within 15 days prior to maturity.
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John Pappajohn [Member] | Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] |
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Purchase of convertible note |
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100,000
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$ 100,000
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Robert Follman (Follman Family Trust [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Purchase of convertible note |
$ 250,000
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250,000
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Robert Follman (Follman Family Trust [Member] | Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Purchase of convertible note |
$ 100,000
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$ 100,000
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$ 100,000
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Robert Follman (Follman Family Trust [Member] | Amendment Note Purchase Agreement [Member] |
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Description of conversion terms |
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Pursuant to the Omnibus Amendment, these Notes are
convertible into shares of Common Stock at $0.05 per share: (i) automatically, upon the closing of a qualified offering of not
less than $5 million or (ii) voluntarily, within 15 days prior to maturity.
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Robert Follman (Follman Family Trust [Member] | Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] |
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Purchase of convertible note |
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150,000
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$ 150,000
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Thomas Tierney (Tierney Family Trust) [Member] | Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Number of secured notes issued | Number |
5
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5
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Description of conversion terms |
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Pursuant to the Omnibus Amendment, all such Notes
are convertible into shares of Common Stock at $0.05 per share: (i) automatically, upon the closing of a qualified offering of
not less than $5 million, or (ii) voluntarily, within 15 days prior to maturity.
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Purchase of convertible note |
$ 540,000
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$ 100,000
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$ 540,000
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$ 25,000
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$ 100,000
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$ 115,000
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200,000
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Mark Oman (Oman Ventures) [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Purchase of convertible note |
200,000
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$ 200,000
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Mark Oman (Oman Ventures) [Member] | Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Description of conversion terms |
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Pursuant to the Omnibus Amendment, such Notes are
convertible into shares of Common Stock at $0.05 per share: (i) automatically, upon the closing of a qualified offering of not
less than $5 million, or (ii) voluntarily, within 15 days prior to maturity.
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Purchase of convertible note |
200,000
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$ 200,000
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$ 200,000
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Robin L. Smith [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Purchase of convertible note |
$ 60,000
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$ 60,000
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Robin L. Smith [Member] | Amendment Note Purchase Agreement [Member] |
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Description of conversion terms |
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Pursuant to the Omnibus Amendment,
such Notes are convertible into shares of Common Stock at $0.05 per share: (i) automatically, upon the closing of a qualified
offering of not less than $5 million, or (ii) voluntarily, within 15 days prior to maturity.
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Robin L. Smith [Member] | Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] |
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Purchase of convertible note |
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$ 60,000
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$ 60,000
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