STOCKHOLDERS' DEFICIT (Details Narrative 1) - Second Amended Note & Warrant Agreement [Member] |
9 Months Ended | |
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Dec. 23, 2015
USD ($)
Number
shares
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Jun. 30, 2016
USD ($)
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Note Warrant [Member] | ||
Number of shares called | 60,000,000 | |
Number of extension warrants | 49,000,000 | |
Extinguishment of Debt expense | $ | $ 1,196,000 | |
One Accredited Investor [Member] | Note Warrant [Member] | ||
Number of shares called | 2,000,000 | |
Ten Accredited Investors [Member] | Note Warrant [Member] | ||
Number of extension warrants | 11,000,000 | |
Number of accredited investors | Number | 10 | |
Directors And Affiliates [Member] | Note Warrant [Member] | ||
Number of extension warrants | 49,000,000 | |
Secured Convertible Promissory Notes ( December 2015 Notes) [Member] | ||
Face amount | $ | $ 1,000,000 | $ 49,000,000 |
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. |
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- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. No definition available.
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- Definition It represents as a number of accredited investors. No definition available.
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- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of the conversion terms of a debt instrument which may include the conversion ratio (including all potential conversion ratios if contingently adjustable), type of debt or equity security into which the debt is convertible, the dollars of debt or the number of shares into which the instrument is convertible (or potentially convertible into), the conversion period, any contingencies associated with the conversion terms, and the existence and amount of a beneficial conversion feature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Gross amount of debt extinguished. No definition available.
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