Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE LIABILITIES (Details Narrative)

v3.3.1.900
DERIVATIVE LIABILITIES (Details Narrative)
 3 Months Ended 11 Months Ended 12 Months Ended
Dec. 23, 2015
USD ($)
Number
Dec. 22, 2015
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Sep. 13, 2015
Sep. 30, 2015
USD ($)
$ / shares
Sep. 22, 2014
USD ($)
Derivative liability     $ 2,112,900     $ 833,000  
Gain (loss) on derivative liabilities     11,300 $ (39,900)      
Gains (losses) on extinguishment of debt, total     (2,337,400)      
Secured Convertible Promissory Notes (September 2015 Notes) [Member]              
Gain (loss) on derivative liabilities           162,800  
Second Amended Note & Warrant Agreement [Member]              
Face amount $ 6,000,000            
Maturity date Dec. 31, 2017            
Second Amended Note & Warrant Agreement [Member] | Sixteen Accredited Investors [Member]              
Secured convertible debt $ 6,000,000            
Number of accredited investors | Number 16            
Maturity date Dec. 31, 2017            
Second Amended Note & Warrant Agreement [Member] | Secured Convertible Promissory Notes ( December 2015 Notes) [Member]              
Derivative liability     2,112,900        
Gain (loss) on derivative liabilities     761,500        
Face amount $ 1,000,000   4,000,000        
Second Amended Note & Warrant Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member]              
Derivative liability   $ 60,200          
Gains (losses) on extinguishment of debt, total   772,800          
Derivative liability write down   $ 772,800          
Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member]              
Secured convertible debt 3,121,900   4,000,000     $ 3,000,000  
Conversion price (in dollars per share) | $ / shares           $ 0.25  
Derivative liability           $ 833,000  
Gains (losses) on extinguishment of debt, total 962,300            
Face amount     $ 2,290,000       $ 2,500,000
Aggregate derivative liability 1,022,400            
Maturity date         Mar. 21, 2016    
Accrued interest $ 121,900