Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Details Narrative)

v3.7.0.1
RELATED PARTY TRANSACTIONS (Details Narrative)
 1 Months Ended 6 Months Ended 17 Months Ended
Mar. 21, 2017
USD ($)
Investor
Mar. 20, 2017
USD ($)
$ / shares
shares
Mar. 03, 2017
USD ($)
$ / shares
shares
Mar. 01, 2017
USD ($)
Feb. 10, 2017
USD ($)
Dec. 29, 2016
USD ($)
shares
Dec. 21, 2016
USD ($)
shares
Nov. 30, 2016
USD ($)
$ / shares
shares
Sep. 21, 2016
USD ($)
$ / shares
shares
Sep. 06, 2015
USD ($)
shares
Mar. 21, 2017
USD ($)
Investor
shares
Dec. 29, 2016
USD ($)
Nov. 30, 2016
USD ($)
$ / shares
shares
Mar. 31, 2017
USD ($)
$ / shares
shares
Mar. 31, 2016
USD ($)
Dec. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Sep. 16, 2016
Number
Aug. 16, 2016
USD ($)
Proceeds from issuance of private placement                           $ 2,981,300        
Marketing expense due                           $ 720,000     $ 426,600    
Number of shares converted | shares                           1,073,531          
Principal investment in convertible notes                           $ 5,300,000          
Interest                           $ 267,600          
Convertible Notes [Member]                                      
Aggregate principal amount                                     $ 6,000,000
Conversion price (in dollars per share) | $ / shares                 $ 5.00                    
Accrued interest                                     $ 317,000
Number of shares converted | shares                 1,263,406                    
Directors and Officer [Member] | Convertible Notes [Member]                                      
Aggregate principal amount                 $ 5,300,000                    
Four Accredited Investors [Member]                                      
Number of shares converted | shares                   42,084                  
Principal investment in convertible notes                   $ 200,000                  
Interest                   $ 10,400                  
Four Accredited Investors [Member] | Private Placement [Member]                                      
Number of accredited investors | Investor 4                   4                
Number of common stock issued | shares             48,000       237,000                
Proceeds from issuance of private placement             $ 300,000       $ 237,000                
RSJ (Michal Votruba) [Member]                                      
Number of shares converted | shares [1]                           444,454          
Principal investment in convertible notes [1]                           $ 2,100,000          
Interest [1]                           $ 122,200          
RSJ (Michal Votruba) [Member] | Subscription Agreement [Member]                                      
Share price (in dollars per share) | $ / shares   $ 6.25                                  
Number of common stock issued | shares   160,000                                  
Proceeds from issuance of private placement   $ 1,000,000                                  
John Pappajohn [Member]                                      
Number of accredited investors | Number                                   12  
Number of shares converted | shares [2]                           290,498          
Principal investment in convertible notes [2]                           $ 1,600,000          
Interest [2]                           $ 52,500          
John Pappajohn [Member] | Private Placement [Member]                                      
Share price (in dollars per share) | $ / shares                           $ 6.25          
Number of common stock issued | shares           16,000         72,000   32,000 120,000          
Proceeds from issuance of private placement $ 250,000       $ 200,000 $ 100,000   $ 200,000     $ 450,000 $ 100,000 $ 200,000 $ 750,000          
Decision Calculus Associates (Jill Carpenter) [Member] | Marketing Services Consulting Agreement [Member]                                      
Marketing expense paid per month       $ 3,000                       $ 10,000      
Marketing expense paid                               $ 170,000      
Marketing expense due                           $ 3,000          
Thomas Tierney (Tierney Family Trust) [Member]                                      
Share price (in dollars per share) | $ / shares               $ 6.25         $ 6.25            
Number of shares converted | shares [3]                           137,328          
Principal investment in convertible notes [3]                           $ 640,000          
Interest [3]                           $ 46,600          
Thomas Tierney (Tierney Family Trust) [Member] | Private Placement [Member]                                      
Number of common stock issued | shares               32,000         32,000            
Proceeds from issuance of private placement               $ 200,000         $ 200,000            
Robin L. Smith [Member]                                      
Share price (in dollars per share) | $ / shares               $ 6.25         $ 6.25            
Number of shares converted | shares [4]                           20,776          
Principal investment in convertible notes [4]                           $ 100,000          
Interest [4]                           $ 3,900          
Robin L. Smith [Member] | Private Placement [Member]                                      
Share price (in dollars per share) | $ / shares               $ 6.25         $ 6.25            
Number of common stock issued | shares               16,000         16,000            
Proceeds from issuance of private placement               $ 100,000         $ 100,000            
Geoffrey E. Harris [Member]                                      
Number of shares converted | shares [5]                           2,058          
Principal investment in convertible notes [5]                           $ 10,000          
Interest [5]                           $ 300          
Geoffrey E. Harris [Member] | Private Placement [Member]                                      
Share price (in dollars per share) | $ / shares     $ 6.25                                
Number of common stock issued | shares     5,000               5,000                
Proceeds from issuance of private placement     $ 31,250               $ 31,250                
[1] RSJ PE is a greater than 10% shareholder. Michal Votruba, a Director for Life Sciences for the RSJ/Gradus Fund, joined our Board on July 30, 2015.
[2] John Pappajohn is a member of the Board. He purchased $1,600,000 of Notes of which $200,000 were assigned to four accredited investors on September 6, 2015. Approximately $10,400 of the total interest was attributable to such transferred Notes, resulting in an aggregate of 42,084 shares being issued upon the conversion of such transferred Notes.
[3] Thomas Tierney is a trustee of the Tierney Family Trust. Mr. Tierney originally joined the Board on February 25, 2013 and served as Chairman of the Board from March 26, 2013 through his resignation on May 22, 2015. On September 29, 2016 Mr. Tierney rejoined the Board. The Tierney Family Trust is a greater than 5% shareholder of the Company.
[4] Dr. Robin Smith is the Chairman of the Board.
[5] Geoffrey Harris is a member of the Board and Chairman of the Audit Committee.