XML 66 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
Shareholders' Equity - Mandatorily Redeemable Convertible Preferred Stock (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2012
Mandatorily redeemable convertible preferred stock $ 4,528,417 $ 850,000  
Warrants, granted 20,090,000 0  
Proceeds from issuance of preferred stock and warrants $ 2,860,000 $ 0  
Convertible Notes      
Exercise price of warrants     $ 0.30
Amendment to convertible notes, description On March 24, 2017, the Company entered into an Amendment to the 8% Convertible Notes (the Amendment), pursuant to which the 8% Convertible Notes issued by the Company in July 2012 were amended to give noteholders certain additional rights. Pursuant to the Amendment, the Notes were modified to provide each holder the right, at the holder's option and exercisable prior to May 12, 2017, to convert all or any portion of the principal amount of the Notes, plus accrued but unpaid interest, into shares of Series C Preferred Stock at a conversion price of $1,000 per share. Holders that elected to convert their Notes into Series C Preferred Stock received a Class N Warrant to purchase up to 3,750 shares of the Company's common stock for each share of Series C Preferred Stock received upon conversion of the Notes, with each Warrant having a five-year term, a cashless exercise feature, and an exercise price of $0.10 per share of common stock.    
Convertible debt redeemed $ 1,835,000    
Conversion of debt for shares of series C preferred stock and warrants, value $ 780,000    
Convertible preferred stock, shares and warrants issued upon conversion 780    
Class M Warrants      
Warrants, granted 17,165,000    
Proceeds from issuance of preferred stock and warrants $ 537,621    
Exercise price of warrants $ 0.12    
Risk free interest rate 1.92%    
Expected dividend yield 0.00%    
Expected volatility 66.00%    
Expected term 5 years    
Class N Warrants      
Warrants, granted 2,925,000    
Proceeds from issuance of preferred stock and warrants $ 104,053    
Exercise price of warrants $ 0.10    
Risk free interest rate 1.93%    
Expected dividend yield 0.00%    
Expected volatility 66.00%    
Expected term 5 years    
Mandatorily Redeemable Convertible Preferred Stock      
Potential number of shares to be issued 5,000,000    
Preferred stock, par value $ 0.01    
Series B Convertible Redeemable Preferred Stock      
Preferred stock outstanding 850 850  
Redemption date May 31, 2022 May 31, 2022  
Redemption price per share $ 1,000 $ 1,000  
Mandatorily redeemable convertible preferred stock $ 850,000 $ 850,000  
Preferred stock conversion price per share, description Conversion price of $2.00 per share Conversion price of $2.00 per share  
Series C Redeemable Convertible Preferred Stock      
Preferred stock conversion price per share, description Conversion price equal to $0.10 per share    
Convertible preferred stock, shares issued 3,433    
Proceeds from issuance of preferred stock and warrants $ 3,571,326    
Preferred stock dividend rate 6.00%