XML 51 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Advances Payable-Related Party
12 Months Ended
Dec. 31, 2016
Advances Payable-Related Party  
Advances Payable-Related Party

7. Advances Payable—Related Party

        On June 29, 2015 and July 30, 2015 a related party agreed to advance the Company a total of $500,000 to be used for working capital requirements. The advances accrued interest at a rate of four percent (4%) per annum compounded annually. On April 13, 2016, these advances were exchanged for $500,000 in convertible promissory notes payable and all accrued interest was waived (see Note 6).