Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE DEBT AND EQUITY FINANCINGS (Details Narrative)

v3.4.0.3
CONVERTIBLE DEBT AND EQUITY FINANCINGS (Details Narrative)
6 Months Ended 11 Months Ended
Dec. 23, 2015
USD ($)
Number
$ / shares
shares
Apr. 14, 2015
USD ($)
Mar. 31, 2016
USD ($)
Number
shares
Sep. 13, 2015
Feb. 24, 2016
USD ($)
Number
$ / shares
shares
Dec. 28, 2015
USD ($)
$ / shares
shares
Sep. 30, 2015
USD ($)
$ / shares
Sep. 24, 2015
USD ($)
Number
Sep. 15, 2015
USD ($)
Sep. 14, 2015
USD ($)
$ / shares
Jul. 03, 2015
USD ($)
Jun. 03, 2015
USD ($)
Jun. 02, 2015
USD ($)
Mar. 18, 2015
USD ($)
Mar. 17, 2015
USD ($)
Jan. 08, 2015
USD ($)
Sep. 26, 2014
USD ($)
Sep. 22, 2014
USD ($)
John Pappajohn [Member] | Note Warrant [Member]                                    
Face amount     $ 250,000                              
Number of shares called | shares     5,000,000                              
Three Accredited Investor [Member] | Note Warrant [Member]                                    
Face amount     $ 360,000                              
Number of shares called | shares     7,200,000                              
Geoffrey E. Harris [Member] | Note Warrant [Member]                                    
Number of purchasers | Number         2                          
Face amount         $ 10,000                          
Number of shares called | shares         200,000                          
5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member]                                    
Purchase of convertible note     $ 3,710,000                              
5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | RSJ Private Equity (Michal Votruba) [Member]                                    
Purchase of convertible note     $ 1,850,000                              
Maturity date of the notes     Dec. 31, 2017                              
5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | John Pappajohn [Member]                                    
Purchase of convertible note     $ 800,000                              
Maturity date of the notes     Dec. 31, 2017                              
5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Thomas Tierney (Tierney Family Trust) [Member]                                    
Purchase of convertible note     $ 540,000                              
Maturity date of the notes     Dec. 31, 2017                              
5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Robert Follman (Follman Family Trust) [Member]                                    
Purchase of convertible note     $ 250,000                              
Maturity date of the notes     Dec. 31, 2017                              
5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Mr. George Carpenter [Member]                                    
Purchase of convertible note     $ 200,000                              
Maturity date of the notes     Dec. 31, 2017                              
5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Robin L. Smith [Member]                                    
Purchase of convertible note     $ 60,000                              
Maturity date of the notes     Dec. 31, 2017                              
5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Geoffrey E. Harris [Member]                                    
Purchase of convertible note     $ 10,000                              
Maturity date of the notes     Dec. 31, 2017                              
Secured Convertible Promissory Notes (September 2015 Notes) [Member] | John Pappajohn [Member]                                    
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)

                             
Amendment Note Purchase Agreement [Member] | RSJ Private Equity (Michal Votruba) [Member]                                    
Description of conversion terms    

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.

                             
Amendment Note Purchase Agreement [Member] | John Pappajohn [Member]                                    
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.

                             
Amendment Note Purchase Agreement [Member] | Robert Follman (Follman Family Trust) [Member]                                    
Description of conversion terms    

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.

                             
Amendment Note Purchase Agreement [Member] | Robin L. Smith [Member]                                    
Description of conversion terms    

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.

                             
Amendment Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member]                                    
Face amount   $ 3,000,000                                
Issuance of debt   $ 500,000                                
Conversion price (in dollars per share) | $ / shares                   $ 0.05                
Description of conversion terms    

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.

                             
Description of collateral    

Secured by a security interest in the Company’s intellectual property, as detailed in a security agreement.

                             
Description of repayment priority    

Upon a change of control of the Company, the holder of a Note had the option to have the Note repaid with a premium equal to 50% of the outstanding principal.

                             
Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] | RSJ Private Equity (Michal Votruba) [Member]                                    
Purchase of convertible note               $ 350,000                    
Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] | John Pappajohn [Member]                                    
Purchase of convertible note               100,000 $ 100,000                  
Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] | Robert Follman (Follman Family Trust) [Member]                                    
Purchase of convertible note               $ 150,000 150,000                  
Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] | Six Accredited Investors [Member]                                    
Number of accredited investors | Number               6                    
Face amount               $ 710,000                    
Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] | Robin L. Smith [Member]                                    
Purchase of convertible note               $ 60,000   $ 60,000                
Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] | Geoffrey E. Harris [Member]                                    
Purchase of convertible note         $ 10,000                          
Exercise price (in dollars per share) | $ / shares         $ 0.05                          
Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member]                                    
Face amount     $ 2,290,000                             $ 2,500,000
Conversion price (in dollars per share) | $ / shares             $ 0.25                      
Purchase of convertible note $ 3,121,900   4,360,000       $ 3,000,000                      
Maturity date of the notes       Mar. 21, 2016                            
Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | RSJ Private Equity (Michal Votruba) [Member]                                    
Purchase of convertible note     $ 750,000                           $ 750,000  
Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | John Pappajohn [Member]                                    
Number of secured notes issued | Number     3                              
Purchase of convertible note     $ 400,000           $ 100,000       $ 100,000 $ 100,000       200,000
Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Thomas Tierney (Tierney Family Trust) [Member]                                    
Number of secured notes issued | Number     5                              
Description of conversion terms    

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.

                             
Purchase of convertible note     $ 540,000               $ 25,000 $ 100,000     $ 115,000 $ 100,000   200,000
Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Robert Follman (Follman Family Trust) [Member]                                    
Purchase of convertible note     $ 100,000                       $ 100,000      
Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Mr. George Carpenter [Member]                                    
Description of conversion terms    

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.

                             
Purchase of convertible note     $ 200,000                             $ 200,000
Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | RSJ Private Equity & Nine Accredited Investors [Member]                                    
Number of accredited investors | Number     9                              
Number of secured notes issued | Number     15                              
Face amount     $ 2,270,000                              
Second Amended Note & Warrant Agreement [Member] | Note Warrant [Member]                                    
Conversion price (in dollars per share) | $ / shares $ 0.25                                  
Number of shares called | shares 60,000,000                                  
Exercise price (in dollars per share) | $ / shares $ 0.05                                  
Second Amended Note & Warrant Agreement [Member] | RSJ Private Equity (Michal Votruba) [Member] | Note Warrant [Member]                                    
Conversion price (in dollars per share) | $ / shares           $ 0.25                        
Number of shares called | shares           15,000,000                        
Exercise price (in dollars per share) | $ / shares           $ 0.05                        
Second Amended Note & Warrant Agreement [Member] | John Pappajohn [Member] | Note Warrant [Member]                                    
Conversion price (in dollars per share) | $ / shares $ 0.25                                  
Number of shares called | shares 16,000,000                                  
Exercise price (in dollars per share) | $ / shares $ 0.05                                  
Second Amended Note & Warrant Agreement [Member] | Thomas Tierney (Tierney Family Trust) [Member] | Note Warrant [Member]                                    
Exercise price (in dollars per share) | $ / shares 0.05                                  
Second Amended Note & Warrant Agreement [Member] | Robert Follman (Follman Family Trust) [Member] | Note Warrant [Member]                                    
Exercise price (in dollars per share) | $ / shares 0.05                                  
Second Amended Note & Warrant Agreement [Member] | Mr. George Carpenter [Member] | Note Warrant [Member]                                    
Exercise price (in dollars per share) | $ / shares 0.05                                  
Second Amended Note & Warrant Agreement [Member] | Robin L. Smith [Member] | Note Warrant [Member]                                    
Exercise price (in dollars per share) | $ / shares $ 0.05                                  
Second Amended Note & Warrant Agreement [Member] | Sixteen Accredited Investors [Member]                                    
Number of accredited investors | Number 16                                  
Number of secured notes issued | Number 16                                  
Purchase of convertible note $ 6,000,000                                  
Maturity date of the notes Dec. 31, 2017                                  
Second Amended Note & Warrant Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | RSJ Private Equity (Michal Votruba) [Member]                                    
Purchase of convertible note           $ 750,000                        
Second Amended Note & Warrant Agreement [Member] | Secured Convertible Promissory Notes ( December 2015 Notes) [Member]                                    
Face amount $ 1,000,000   $ 27,200,000                              
Description of conversion terms    

Pursuant to the Second Amended and Restated Note and Warrant Agreement, all Notes: (i) mature on December 31, 2017 (subject to earlier conversion or prepayment), (ii) earn interest at a rate of 5% per annum with interest payable at maturity, and (iii) are convertible into shares of Common Stock (a) automatically upon the closing of a qualified offering of no less than $5 million, at a conversion price of $0.05 per share or (b) voluntarily, within 15 days prior to maturity, at a conversion price of $0.05 per share.

                             
Description of collateral    

Secured by a security interest in the Company's intellectual property, as detailed in the amended and restated security agreement.

                             
Description of repayment priority    

Upon a change of control of the Company (as described in the Notes), the holder of a Note will have the option to have the Note repaid with a premium equal to 50% of the outstanding principal.

                             
Second Amended Note & Warrant Agreement [Member] | Secured Convertible Promissory Notes ( December 2015 Notes) [Member] | RSJ Private Equity (Michal Votruba) [Member]                                    
Face amount           $ 750,000                        
Second Amended Note & Warrant Agreement [Member] | Secured Convertible Promissory Notes ( December 2015 Notes) [Member] | John Pappajohn [Member]                                    
Face amount $ 250,000                                  
Number of shares called | shares 5,000,000