XML 32 R56.htm IDEA: XBRL DOCUMENT v3.2.0.727
RELATED PARTY TRANSACTIONS (Details)
3 Months Ended 6 Months Ended
Jun. 12, 2015
USD ($)
Jun. 01, 2015
USD ($)
$ / shares
shares
May. 14, 2015
$ / shares
shares
Mar. 18, 2015
USD ($)
$ / shares
shares
Feb. 24, 2015
USD ($)
Director
shares
Feb. 09, 2015
USD ($)
$ / shares
shares
Jan. 08, 2015
USD ($)
Investor
$ / shares
shares
Feb. 11, 2014
USD ($)
$ / shares
Jan. 02, 2014
USD ($)
Director
shares
Jun. 30, 2015
USD ($)
$ / shares
shares
Mar. 31, 2015
USD ($)
Jun. 30, 2015
USD ($)
$ / shares
shares
Jun. 30, 2014
Dec. 31, 2014
USD ($)
$ / shares
Dec. 19, 2014
Related Party Transaction [Line Items]                              
Exercise price of warrants (in dollars per share) | $ / shares   $ 0.64   $ 0.64   $ 0.64 $ 0.64     $ 0.64   $ 0.64      
Recognized compensation expense | $                     $ 128,880 $ 3,749,259      
Number of unit sold (in shares)   6,250   18,750     260,000                
Number of accredited investors | Investor             8                
Units price (in dollars per shares) | $ / shares             $ 4.00                
Warrants coverage (in hundredths)             75.00%                
Shares of company's common stock per one warrant (in shares)   8.56   8.56   8.56                  
Common stock, par value (in dollars per share) | $ / shares   $ 0.00005   $ 0.00005   $ 0.00005 $ 0.00005     $ 0.00005   $ 0.00005   $ 0.00005  
Gross proceeds from offering | $   $ 25,000   $ 75,000                      
Convertible senior secured note | $                   $ 0   $ 0   $ 990,000  
Notes payable to related parties | $                   624,866   624,866   $ 0  
Convertible Notes [Member]                              
Related Party Transaction [Line Items]                              
Notes payable to related parties | $                   $ 624,866   $ 624,866      
Common Stock [Member]                              
Related Party Transaction [Line Items]                              
Shares received by director under private placement (in shares)         576,924       285,716            
Number of non executive directors | Director         3       4            
Total stock expenses incurred in offering | $         $ 150,000       $ 160,001            
Initial Warrant [Member]                              
Related Party Transaction [Line Items]                              
Warrants issued to purchase common stock (in shares)           1,070,000                  
Exercise price of warrants (in dollars per share) | $ / shares             $ 0.64                
Number of share and warrant, each unit considered (in shares)           1 1                
Shares of company's common stock per one warrant (in shares)           8.56 8.56                
Common stock, par value (in dollars per share) | $ / shares             $ 0.00005                
Gross proceeds from offering | $             $ 1,040,000                
Additional Warrants [Member]                              
Related Party Transaction [Line Items]                              
Warrants issued to purchase common stock (in shares)           455,000 946,400                
Exercise price of warrants (in dollars per share) | $ / shares             $ 0.64                
Shares of company's common stock per one warrant (in shares)           3.64 3.64                
Warrants issued (in shares)             260,000                
Convertible Preferred Stock [Member]                              
Related Party Transaction [Line Items]                              
Number of share and warrant, each unit considered (in shares)   1   1   1 1                
Preferred Stock, dividend rate (in hundredths)   12.50%   12.50%   12.50% 12.50%           12.50%    
Convertible Notes [Member]                              
Related Party Transaction [Line Items]                              
Shares received by director under private placement (in shares)             96,590                
Conversion of shares (in dollars per share) | $ / shares             $ 4.00                
Preferred stock received (in shares)             1,103,880                
Initial warrants received (in shares)             826,806                
Additional warrants received (in shares)             351,586                
Maximum [Member]                              
Related Party Transaction [Line Items]                              
Number of unit sold (in shares)           5,000,000                  
Gross proceeds from offering | $           $ 20,000,000                  
Jeffery Consulting Group, LLC [Member]                              
Related Party Transaction [Line Items]                              
Warrants issued to purchase common stock (in shares)                   1,250,000   1,250,000      
Exercise price of warrants (in dollars per share) | $ / shares                   $ 0.35   $ 0.35      
Number of warrants vesting after mutual execution of agreement (in shares)                       500,000      
Number of warrants vesting after three months of agreement (in shares)                       250,000      
Number of warrants vesting after six months of agreement (in shares)                       250,000      
Number of warrants vesting after nine months of agreement (in shares)                       250,000      
Jeffery Consulting Group, LLC [Member] | Warrants [Member]                              
Related Party Transaction [Line Items]                              
Volatility rate of the company stock (in hundredths)                       84.52%      
Risk free interest rate (in hundredths)                       1.07%      
Recognized compensation expense | $                     $ 128,880        
Accrued liabilities payable | $                   $ 5,000   $ 5,000      
Additional capital | $                   $ 3,000,000   3,000,000      
Edward Smith III, Director [Member]                              
Related Party Transaction [Line Items]                              
Warrants issued to purchase common stock (in shares)           31,000,000                  
Exercise price of warrants (in dollars per share) | $ / shares           $ 0.45                  
Volatility rate of the company stock (in hundredths)           81.99%                  
Risk free interest rate (in hundredths)           0.85%                  
Recognized compensation expense | $                       $ 3,749,259      
Number of unit sold (in shares)           5,500,000                  
Edward Smith III, Director [Member] | Common Stock [Member]                              
Related Party Transaction [Line Items]                              
Shares received by director under private placement (in shares)                 71,429            
Edward Smith III, Director [Member] | Convertible Notes [Member]                              
Related Party Transaction [Line Items]                              
Convertible, warrants held by directors (in shares)             71,211                
Initial warrants received (in shares)             609,566                
Additional warrants received (in shares)             259,208                
Exchange price for convertible notes | $             $ 284,844                
Convertible senior secured note | $               $ 200,000              
Term of debt               2 years              
Maturity date                       Feb. 11, 2016      
Period considered to calculate interest rate               365 days              
Interest rate on debt (in hundredths)               12.50%              
Period after which conversion option become effective               90 days              
Edward Smith III, Director [Member] | Minimum [Member] | Convertible Notes [Member]                              
Related Party Transaction [Line Items]                              
Conversion of shares (in dollars per share) | $ / shares               $ 1.25              
Edward Smith III, Director [Member] | Maximum [Member] | Convertible Notes [Member]                              
Related Party Transaction [Line Items]                              
Conversion of shares (in dollars per share) | $ / shares               $ 2.25              
Morris Garfinkle [Member]                              
Related Party Transaction [Line Items]                              
Warrants issued to purchase common stock (in shares)           31,000,000                  
Exercise price of warrants (in dollars per share) | $ / shares           $ 0.45                  
Volatility rate of the company stock (in hundredths)           81.99%                  
Risk free interest rate (in hundredths)           0.85%                  
Recognized compensation expense | $                       $ 3,749,259      
Number of unit sold (in shares)           5,500,000                  
Morris Garfinkle [Member] | Common Stock [Member]                              
Related Party Transaction [Line Items]                              
Shares received by director under private placement (in shares)         192,308       71,429            
Morris Garfinkle [Member] | Convertible Notes [Member]                              
Related Party Transaction [Line Items]                              
Convertible, warrants held by directors (in shares)             10,084                
Initial warrants received (in shares)             86,317                
Additional warrants received (in shares)             36,705                
Exchange price for convertible notes | $             $ 40,335                
Mark Hershorn [Member] | Common Stock [Member]                              
Related Party Transaction [Line Items]                              
Shares received by director under private placement (in shares)                 71,429            
Mark Hershorn [Member] | Convertible Notes [Member]                              
Related Party Transaction [Line Items]                              
Convertible, warrants held by directors (in shares)             5,211                
Initial warrants received (in shares)             44,606                
Additional warrants received (in shares)             18,968                
Exchange price for convertible notes | $             $ 20,844                
CKS Warehouse [Member] | Convertible Notes [Member]                              
Related Party Transaction [Line Items]                              
Convertible, warrants held by directors (in shares)             4,873                
Initial warrants received (in shares)             41,712                
Additional warrants received (in shares)             17,737                
Exchange price for convertible notes | $             $ 19,491                
Edward Smith, Director and Shareholder [Member]                              
Related Party Transaction [Line Items]                              
Warrants issued to purchase common stock (in shares)     750,000                        
Exercise price of warrants (in dollars per share) | $ / shares     $ 0.35                        
Number of warrants vesting after mutual execution of agreement (in shares)     450,000                        
Number of warrants vesting after three months of agreement (in shares)     150,000                        
Number of warrants vesting after six months of agreement (in shares)     150,000                        
Edward Smith, Director and Shareholder [Member] | Nonconvertible Note Member [Member]                              
Related Party Transaction [Line Items]                              
Notes payable to related parties | $ $ 12,000                            
Maturity date                   Apr. 15, 2015   Dec. 31, 2015      
Period considered to calculate interest rate 365 days                            
Interest rate on debt (in hundredths) 14.00%                           14.00%
Edward Smith, Director and Shareholder [Member] | Convertible Notes [Member]                              
Related Party Transaction [Line Items]                              
Convertible, warrants held by directors (in shares)             71,211                
Initial warrants received (in shares)             609,566                
Additional warrants received (in shares)             259,208                
Exchange price for convertible notes | $             $ 284,844                
Brian Israel [Member] | Common Stock [Member]                              
Related Party Transaction [Line Items]                              
Shares received by director under private placement (in shares)         192,308       71,429            
Brian Israel [Member] | Convertible Notes [Member]                              
Related Party Transaction [Line Items]                              
Convertible, warrants held by directors (in shares)             5,211                
Initial warrants received (in shares)             44,606                
Additional warrants received (in shares)             18,968                
Exchange price for convertible notes | $             $ 20,844                
Dan jeffery [Member] | Common Stock [Member]                              
Related Party Transaction [Line Items]                              
Shares received by director under private placement (in shares)         192,308