RELATED PARTY TRANSACTIONS (Details Narrative 1)
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6 Months Ended |
8 Months Ended |
11 Months Ended |
23 Months Ended |
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Sep. 06, 2015
USD ($)
Number
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Jan. 08, 2015
USD ($)
$ / shares
shares
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Jan. 05, 2015
USD ($)
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Jun. 14, 2013
$ / shares
shares
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Mar. 31, 2016
USD ($)
$ / shares
shares
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Mar. 31, 2016
USD ($)
$ / shares
shares
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Jul. 08, 2014
USD ($)
$ / shares
shares
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Mar. 25, 2015
USD ($)
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Feb. 24, 2016
USD ($)
$ / shares
shares
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Dec. 28, 2015
USD ($)
$ / shares
shares
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Dec. 23, 2015
USD ($)
$ / shares
shares
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Sep. 30, 2015
USD ($)
$ / shares
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Sep. 24, 2015
USD ($)
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Sep. 15, 2015
USD ($)
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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 ($)
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Apr. 14, 2015
USD ($)
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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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Oct. 19, 2012
USD ($)
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Number of shares issued upon new issue, value |
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$ 6,900
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Marketing expense due |
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$ 744,200
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$ 744,200
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$ 852,000
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Number of stock options granted | shares |
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Exercise price (in dollars per share) | $ / shares |
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John Pappajohn [Member] | Note Warrant [Member] |
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Face amount |
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$ 250,000
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$ 250,000
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Number of shares called | shares |
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5,000,000
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5,000,000
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Robert Follman (Follman Family Trust) [Member] | Private Placement [Member] | Unregistered Stock [Member] |
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Proceeds from issuance of private placement |
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$ 100,000
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Share price (in dollars per share) | $ / shares |
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$ 0.25
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$ 0.25
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$ 0.25
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Number of shares issued upon new issue, value |
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$ 500,000
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$ 100,000
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Number of shares issued upon new issue | shares |
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2,000,000
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400,000
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Geoffrey E. Harris [Member] | Note Warrant [Member] |
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Face amount |
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$ 10,000
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Number of shares called | shares |
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200,000
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5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Purchase of convertible note |
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$ 3,710,000
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$ 3,710,000
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5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | John Pappajohn [Member] |
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Purchase of convertible note |
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800,000
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800,000
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5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Robert Follman (Follman Family Trust) [Member] |
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Purchase of convertible note |
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250,000
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250,000
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5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Robin L. Smith [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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5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Geoffrey E. Harris [Member] |
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Purchase of convertible note |
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10,000
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10,000
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5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Thomas Tierney (Tierney Family Trust) [Member] |
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Purchase of convertible note |
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540,000
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540,000
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5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Mr. George Carpenter [Member] |
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Purchase of convertible note |
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200,000
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200,000
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5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | RSJ Private Equity (Michal Votruba) [Member] |
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Purchase of convertible note |
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$ 1,850,000
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1,850,000
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Secured Convertible Promissory Notes (September 2015 Notes) [Member] | John Pappajohn [Member] |
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Description of conversion terms |
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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 $0.05 per share (as adjusted
for stock splits, stock dividends, combinations or the like affecting the Common Stock)
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October 2012 Note [Member] | Robert Follman (Follman Family Trust) [Member] |
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Purchase of convertible note |
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$ 200,000
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Number of shares issued upon debt conversion | shares |
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4,491,310
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Conversion price (in dollars per share) | $ / shares |
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$ 0.04718
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Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] |
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Purchase of convertible note |
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$ 4,360,000
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4,360,000
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$ 3,121,900
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$ 3,000,000
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Conversion price (in dollars per share) | $ / shares |
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$ 0.25
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Face amount |
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2,290,000
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2,290,000
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$ 2,500,000
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Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | John Pappajohn [Member] |
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Purchase of convertible note |
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400,000
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400,000
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$ 100,000
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$ 100,000
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$ 100,000
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200,000
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Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | John Pappajohn [Member] | Private Placement [Member] |
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Proceeds from issuance of private placement |
$ 50,000
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Number of accredited investors | Number |
4
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Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Robert Follman (Follman Family Trust) [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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$ 100,000
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Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Thomas Tierney (Tierney Family Trust) [Member] |
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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 $5 million, or (ii) voluntarily, within 15 days prior to maturity.
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Purchase of convertible note |
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$ 100,000
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$ 540,000
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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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Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | Mr. George Carpenter [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 $5 million, or (ii) voluntarily, within 15 days prior to maturity.
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Purchase of convertible note |
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$ 200,000
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200,000
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$ 200,000
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Original Note Purchase Agreement [Member] | 5% Senior Secured Notes Convertible (the "September 2014 Notes") [Member] | RSJ Private Equity (Michal Votruba) [Member] |
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Purchase of convertible note |
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$ 750,000
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750,000
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$ 750,000
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Amendment Note Purchase Agreement [Member] | John Pappajohn [Member] |
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Description of conversion terms |
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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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Amendment Note Purchase Agreement [Member] | Robert Follman (Follman Family Trust) [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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Amendment Note Purchase Agreement [Member] | Robin L. Smith [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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Amendment Note Purchase Agreement [Member] | RSJ Private Equity (Michal Votruba) [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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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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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] | John Pappajohn [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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Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] | Robert Follman (Follman Family Trust) [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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Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] | Robin L. Smith [Member] |
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|
Purchase of convertible note |
|
|
|
|
|
|
|
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|
|
|
|
60,000
|
|
$ 60,000
|
|
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|
Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] | Geoffrey E. Harris [Member] |
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|
Purchase of convertible note |
|
|
|
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|
|
|
|
$ 10,000
|
|
|
|
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|
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|
Exercise price (in dollars per share) | $ / shares |
|
|
|
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|
|
|
|
$ 0.05
|
|
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|
|
|
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|
|
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|
Number of additional shares called after extension | shares |
|
|
|
|
|
|
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|
200,000
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
Amendment Note Purchase Agreement [Member] | Secured Convertible Promissory Notes (September 2015 Notes) [Member] | RSJ Private Equity (Michal Votruba) [Member] |
|
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|
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|
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|
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|
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|
|
Purchase of convertible note |
|
|
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|
$ 350,000
|
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|
|
|
|
|
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|
Marketing Services Consulting Agreement [Member] | Decision Calculus Associates (Jill Carpenter) [Member] |
|
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|
|
|
|
|
|
|
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|
Marketing expense paid |
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|
$ 280,000
|
|
|
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|
Marketing expense due |
|
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|
$ 70,000
|
70,000
|
|
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|
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|
Marketing expense paid per month |
|
|
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|
10,000
|
|
|
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|
Three-Month Long Consulting Engagement With Dr. Eric Warner [Member] |
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|
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|
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|
|
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|
Total professional fees |
|
|
$ 30,000
|
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|
Number of stock options granted | shares |
|
250,000
|
|
|
|
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|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
Exercise price (in dollars per share) | $ / shares |
|
$ 0.25
|
|
|
|
|
|
|
|
|
|
|
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|
Fair value of option |
|
$ 28,300
|
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|
|
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|
Monthly professional fees |
|
|
$ 10,000
|
|
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|
Second Amended Note & Warrant Agreement [Member] | Note Warrant [Member] |
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|
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|
|
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|
|
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|
|
|
|
|
|
|
|
|
Conversion price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
$ 0.25
|
|
|
|
|
|
|
|
|
|
|
|
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|
Number of shares called | shares |
|
|
|
|
|
|
|
|
|
|
60,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
$ 0.05
|
|
|
|
|
|
|
|
|
|
|
|
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|
Number of additional shares called after extension | shares |
|
|
|
|
|
|
|
|
|
|
49,000,000
|
|
|
|
|
|
|
|
|
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|
Second Amended Note & Warrant Agreement [Member] | John Pappajohn [Member] | Note Warrant [Member] |
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|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of additional shares called after extension | shares |
|
|
|
|
|
|
|
|
|
|
6,000,000
|
|
|
|
|
|
|
|
|
|
|
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|
|
Second Amended Note & Warrant Agreement [Member] | Robert Follman (Follman Family Trust) [Member] | Note Warrant [Member] |
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
$ 0.05
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of additional shares called after extension | shares |
|
|
|
|
|
|
|
|
|
|
10,000,000
|
|
|
|
|
|
|
|
|
|
|
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|
|
Second Amended Note & Warrant Agreement [Member] | Robin L. Smith [Member] | Note Warrant [Member] |
|
|
|
|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
$ 0.05
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of additional shares called after extension | shares |
|
|
|
|
|
|
|
|
|
|
1,200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Second Amended Note & Warrant Agreement [Member] | Thomas Tierney (Tierney Family Trust) [Member] | Note Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
$ 0.05
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of additional shares called after extension | shares |
|
|
|
|
|
|
|
|
|
|
10,800,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Second Amended Note & Warrant Agreement [Member] | Mr. George Carpenter [Member] | Note Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercise price (in dollars per share) | $ / shares |
|
|
|
|
|
|
|
|
|
|
$ 0.05
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of additional shares called after extension | shares |
|
|
|
|
|
|
|
|
|
|
4,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of additional shares called after extension | shares |
|
|
|
|
|
|
|
|
|
22,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Face amount |
|
|
|
|
$ 27,200,000
|
$ 27,200,000
|
|
|
|
|
$ 1,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Second Amended Note & Warrant Agreement [Member] | Secured Convertible Promissory Notes ( December 2015 Notes) [Member] | RSJ Private Equity (Michal Votruba) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Face amount |
|
|
|
|
|
|
|
|
|
$ 750,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|