XML 17 R55.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONVERTIBLE DEBENTURES (Details Textual) (USD $)
0 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended
Aug. 12, 2013
Mar. 09, 2011
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2011
Feb. 29, 2012
Dec. 31, 2010
Feb. 17, 2015
Jan. 08, 2015
Jan. 22, 2015
Aug. 08, 2012
Mar. 09, 2012
Feb. 07, 2012
Oct. 31, 2012
Jul. 31, 2012
Mar. 31, 2014
Sep. 30, 2012
Dec. 31, 2012
May 03, 2011
Nov. 08, 2012
Jul. 17, 2012
May 18, 2012
Jan. 18, 2013
Apr. 30, 2012
Apr. 30, 2013
Feb. 10, 2012
Apr. 08, 2013
Convertible Debentures [Line Items]                                                      
Percentage Of Discount On Conversion Price         30.00%bwmg_PercentageOfDiscountOnConversionPrice                                            
Research and development costs   $ 50,000us-gaap_ResearchAndDevelopmentExpense $ 4,087us-gaap_ResearchAndDevelopmentExpense $ 75,760us-gaap_ResearchAndDevelopmentExpense                                              
Long-term Debt, Gross     5,500us-gaap_DebtInstrumentCarryingAmount 23,500us-gaap_DebtInstrumentCarryingAmount                                              
Debt Instrument Accrued Interest 8,794bwmg_DebtInstrumentAccruedInterest                                                    
Debt Conversion, Converted Instrument, Amount       50,000us-gaap_DebtConversionConvertedInstrumentAmount1                                              
Stockholders Equity, Reverse Stock Split     1 -for- 1,350                                                
Debt Instrument Principle Amount 157,446bwmg_DebtInstrumentPrincipleAmount                                                    
Debt Instrument Amount 166,240bwmg_DebtInstrumentAmount                                                    
Debt Instrument Outstanding Amount 170,000bwmg_DebtInstrumentOutstandingAmount                                                    
Convertible Debt One [Member]                                                      
Convertible Debentures [Line Items]                                                      
Maximum Conversion Percentage For Debenture At Any One Time     4.99%bwmg_MaximumConversionPercentageForDebentureAtAnyOneTime
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtOneMember
                                               
Convertible Debt Two [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Beneficial Conversion Feature     53,517us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
                                               
Percentage Of Royalty On Revenue     2.50%bwmg_PercentageOfRoyaltyOnRevenue
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
                                               
Percentage Of Discount On Conversion Price     30.00%bwmg_PercentageOfDiscountOnConversionPrice
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
                                               
Research and development costs             71,483us-gaap_ResearchAndDevelopmentExpense
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
                                       
Long-term Debt, Gross                                                   7,500us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
 
Debt Instrument Transfer Or Assignment In Second Closing           11,750bwmg_DebtInstrumentTransferOrAssignmentInSecondClosing
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
                                         
Debt Instrument Transfer Or Assignment In Subsequent Closing           11,750bwmg_DebtInstrumentTransferOrAssignmentInSubsequentClosing
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
                                         
Origination Principal Balance     125,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
                                            125,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
 
Convertible Debt Three [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Beneficial Conversion Feature     32,571us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtThreeMember
                                               
Percentage Of Discount On Conversion Price     30.00%bwmg_PercentageOfDiscountOnConversionPrice
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtThreeMember
                                               
Convertible Debenture Issued     76,000bwmg_ConvertibleDebentureIssued
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtThreeMember
                                               
Stock Issued During Period, Value, Restricted Stock Award, Gross     38,000us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardGross
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtThreeMember
                                               
Repayments of Debt     28,000us-gaap_RepaymentsOfDebt
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtThreeMember
                                               
Subsequent Event [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument Accrued Interest                 1,000bwmg_DebtInstrumentAccruedInterest
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
                                   
Debt Conversion, Converted Instrument, Amount               1,080us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
4,680us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
4,200us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
                                 
Convertible Debenture One [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Conversion Price     $ 1us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureOneMember
                                               
Origination Principal Balance     20,635bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureOneMember
20,635bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureOneMember
[1]                                              
Debt Instrument, Maturity Date       Apr. 04, 2011 [1]                                              
Debt Instrument, Convertible, Conversion Price     $ 1us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureOneMember
                                               
Convertible Debenture Two [Member]                                                      
Convertible Debentures [Line Items]                                                      
Origination Principal Balance     125,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTwoMember
[2] 125,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTwoMember
[2]                                              
Debt Instrument, Maturity Date     May 27, 2011 [2] May 27, 2011 [2]                                              
Convertible Debenture Three [Member]                                                      
Convertible Debentures [Line Items]                                                      
Origination Principal Balance     76,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThreeMember
[3] 76,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThreeMember
[3]                                              
Debt Instrument, Maturity Date     Nov. 11, 2011 [3] Nov. 11, 2011 [3]                                              
Convertible Debenture Four [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Conversion Price     $ 73,820us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                                               
Debt Instrument, Convertible, Beneficial Conversion Feature                     27,172us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
    50,189us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                         
Percentage Of Discount On Conversion Price                     39.00%bwmg_PercentageOfDiscountOnConversionPrice
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
    39.00%bwmg_PercentageOfDiscountOnConversionPrice
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
39.00%bwmg_PercentageOfDiscountOnConversionPrice
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                       
Long-term Debt, Gross                       24,500us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
11,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
      37,500us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
78,500us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                 
Percentage Of Prepayment Of Debenture Minimum                             130.00%bwmg_PercentageOfPrepaymentOfDebentureMinimum
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                       
Percentage Of Prepayment Of Debenture Maximum                             150.00%bwmg_PercentageOfPrepaymentOfDebentureMaximum
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                       
Penalty For Not Timely Delivering Shares Upon Conversion Notice                             2,000bwmg_PenaltyForNotTimelyDeliveringSharesUponConversionNotice
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                       
Debt Instrument Accrued Interest                       1,448bwmg_DebtInstrumentAccruedInterest
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
3,328bwmg_DebtInstrumentAccruedInterest
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
    1,700bwmg_DebtInstrumentAccruedInterest
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
1,500bwmg_DebtInstrumentAccruedInterest
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                   
Debenture Discount                     42,500bwmg_DebentureDiscount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
    78,500bwmg_DebentureDiscount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
      78,500bwmg_DebentureDiscount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                 
Convertible Debenture Issued                                   35,268bwmg_FairMarketValueOfWarrants
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                 
Maximum Conversion Percentage For Debenture At Any One Time                             4.99%bwmg_MaximumConversionPercentageForDebentureAtAnyOneTime
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                       
Origination Principal Balance       42,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
[4]                                              
Debt Conversion, Converted Instrument, Amount     8,445us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
34,055us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
            42,500us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
      78,500us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                       
Debt Instrument Principle Amount                           78,500bwmg_DebtInstrumentPrincipleAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                         
Debt Instrument, Maturity Date       Jan. 14, 2012 [4]             May 10, 2013     Aug. 02, 2013 Apr. 05, 2013                        
Debt Instrument, Convertible, Conversion Price     $ 73,820us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                                               
Convertible Debenture Four [Member] | Convertible Debt One [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Beneficial Conversion Feature         42,500us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtOneMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                                           
Origination Principal Balance         42,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtOneMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                                           
Convertible Debenture Four [Member] | Convertible Debt Two [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Beneficial Conversion Feature         37,500us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                                           
Origination Principal Balance         37,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                                           
Convertible Debenture Four [Member] | Convertible Debt Three [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Beneficial Conversion Feature         37,500us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtThreeMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                                           
Origination Principal Balance         37,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtThreeMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourMember
                                           
Convertible Debenture Five [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debenture Discount   34,472bwmg_DebentureDiscount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFiveMember
                                                 
Convertible Debenture Issued   7,500bwmg_FairMarketValueOfWarrants
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFiveMember
                                                 
Origination Principal Balance       37,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFiveMember
[4]                                              
Stockholders Equity, Reverse Stock Split   1 for -1,350                                                  
Debt Instrument, Maturity Date       Jun. 14, 2012 [4]                                              
Convertible Debenture Five [Member] | Warrant One [Member]                                                      
Convertible Debentures [Line Items]                                                      
Class of Warrant or Right, Number of Securities Called by Warrants or Rights   50,000us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
/ us-gaap_ClassOfWarrantOrRightAxis
= bwmg_WarrantOneMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFiveMember
                                                 
Class of Warrant or Right, Exercise Price of Warrants or Rights   $ 337.50bwmg_ClassOfWarrantsOrRightExercisePriceOfWarrantsOrRights
/ us-gaap_ClassOfWarrantOrRightAxis
= bwmg_WarrantOneMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFiveMember
                                                 
Convertible Debenture Five [Member] | Warrant Two [Member]                                                      
Convertible Debentures [Line Items]                                                      
Class of Warrant or Right, Number of Securities Called by Warrants or Rights   100,000us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
/ us-gaap_ClassOfWarrantOrRightAxis
= bwmg_WarrantTwoMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFiveMember
                                                 
Class of Warrant or Right, Exercise Price of Warrants or Rights   $ 472.50bwmg_ClassOfWarrantsOrRightExercisePriceOfWarrantsOrRights
/ us-gaap_ClassOfWarrantOrRightAxis
= bwmg_WarrantTwoMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFiveMember
                                                 
Convertible Debenture Six [Member]                                                      
Convertible Debentures [Line Items]                                                      
Percentage Of Discount On Conversion Price                                     30.00%bwmg_PercentageOfDiscountOnConversionPrice
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSixMember
               
Convertible Debenture Issued                                     300,000bwmg_ConvertibleDebentureIssued
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSixMember
               
Debenture Discount                                     206,832bwmg_DebentureDiscount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSixMember
               
Convertible Debenture Issued                                     45,000bwmg_FairMarketValueOfWarrants
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSixMember
               
Maximum Conversion Percentage For Debenture At Any One Time                                     10.00%bwmg_MaximumConversionPercentageForDebentureAtAnyOneTime
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSixMember
               
Origination Principal Balance       37,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSixMember
[4]                                              
Stockholders Equity, Reverse Stock Split                                     1 for -1,350                
Debt Instrument, Maturity Date       Sep. 21, 2012 [4]                                              
Convertible Debenture Six [Member] | Warrant One [Member]                                                      
Convertible Debentures [Line Items]                                                      
Convertible Debenture Issued                                     300,000bwmg_ConvertibleDebentureIssued
/ us-gaap_ClassOfWarrantOrRightAxis
= bwmg_WarrantOneMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSixMember
               
Class of Warrant or Right, Exercise Price of Warrants or Rights                                     $ 337.50bwmg_ClassOfWarrantsOrRightExercisePriceOfWarrantsOrRights
/ us-gaap_ClassOfWarrantOrRightAxis
= bwmg_WarrantOneMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSixMember
               
Convertible Debenture Six [Member] | Warrant Two [Member]                                                      
Convertible Debentures [Line Items]                                                      
Class of Warrant or Right, Number of Securities Called by Warrants or Rights                                     600,000us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
/ us-gaap_ClassOfWarrantOrRightAxis
= bwmg_WarrantTwoMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSixMember
               
Class of Warrant or Right, Exercise Price of Warrants or Rights                                     $ 472.50bwmg_ClassOfWarrantsOrRightExercisePriceOfWarrantsOrRights
/ us-gaap_ClassOfWarrantOrRightAxis
= bwmg_WarrantTwoMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSixMember
               
Convertible Debenture Seven [Member]                                                      
Convertible Debentures [Line Items]                                                      
Percentage Of Discount On Conversion Price     30.00%bwmg_PercentageOfDiscountOnConversionPrice
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSevenMember
                                               
Long-term Debt, Gross     10,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSevenMember
                                               
Convertible Debenture Issued     4,286bwmg_ConvertibleDebentureIssued
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSevenMember
                                               
Origination Principal Balance     42,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSevenMember
[4] 42,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureSevenMember
[4]                                              
Debt Instrument, Maturity Date     May 02, 2013 [4] May 02, 2013 [4]                                              
Convertible Debenture Eight [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Beneficial Conversion Feature     39,724us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureEightMember
    39,724us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureEightMember
                                         
Percentage Of Discount On Conversion Price     30.00%bwmg_PercentageOfDiscountOnConversionPrice
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureEightMember
                                               
Long-term Debt, Gross                                                     20,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureEightMember
Convertible Debenture Issued     17,025bwmg_ConvertibleDebentureIssued
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureEightMember
                                               
Debt Instrument Accrued Interest           1,552bwmg_DebtInstrumentAccruedInterest
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureEightMember
                                         
Debenture Discount     17,025bwmg_DebentureDiscount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureEightMember
                                               
Origination Principal Balance     78,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureEightMember
[4] 78,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureEightMember
[4]                                              
Debt Instrument, Maturity Date     Aug. 02, 2013 [4] Aug. 02, 2013 [4]                                              
Convertible Debenture Nine [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Conversion Price     $ 37,125us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
                                               
Long-term Debt, Gross                                       11,750us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
11,750us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
11,750us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
      7,500us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
 
Maximum Conversion Percentage For Debenture At Any One Time     4.99%bwmg_MaximumConversionPercentageForDebentureAtAnyOneTime
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
                                               
Extinguishment of Debt, Gain (Loss), Net of Tax           4,286us-gaap_ExtinguishmentOfDebtGainLossNetOfTax
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
                          6,714us-gaap_ExtinguishmentOfDebtGainLossNetOfTax
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
6,714us-gaap_ExtinguishmentOfDebtGainLossNetOfTax
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
6,714us-gaap_ExtinguishmentOfDebtGainLossNetOfTax
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
         
Percentage Of Prepayment Of Debenture     150.00%bwmg_PercentageOfPrepaymentOfDebenture
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
                                               
Origination Principal Balance       78,500bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
[4]                                           125,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
 
Stockholders Equity, Reverse Stock Split     1-for-1,350                                                
Debt Instrument, Maturity Date       Apr. 05, 2013 [4]                                              
Debt Instrument, Convertible, Conversion Price     $ 37,125us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureNineMember
                                               
Convertible Debenture Ten [Member]                                                      
Convertible Debentures [Line Items]                                                      
Long-term Debt, Gross     5,500us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTenMember
                                               
Origination Principal Balance       50,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTenMember
[5]                                              
Debt Instrument, Maturity Date       Mar. 09, 2012 [5]                                              
Convertible Debenture Eleven [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Conversion Price     $ 37,125us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
                                               
Long-term Debt, Gross     2,743us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
                                               
Convertible Debenture Issued     3,211bwmg_FairMarketValueOfWarrants
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
                                               
Maximum Conversion Percentage For Debenture At Any One Time     4.99%bwmg_MaximumConversionPercentageForDebentureAtAnyOneTime
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
                                               
Extinguishment of Debt, Gain (Loss), Net of Tax                                   71,577us-gaap_ExtinguishmentOfDebtGainLossNetOfTax
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
                 
Percentage Of Prepayment Of Debenture     150.00%bwmg_PercentageOfPrepaymentOfDebenture
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
                                               
Origination Principal Balance     300,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
[6] 300,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
[6]                                              
Stockholders Equity, Reverse Stock Split     1-for-1,350                                                
Debt Instrument, Maturity Date     May 05, 2012 [6] May 05, 2012 [6]                                              
Debt Instrument, Convertible, Conversion Price     $ 37,125us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
                                               
Convertible Debenture Eleven [Member] | Convertible Debt One [Member]                                                      
Convertible Debentures [Line Items]                                                      
Long-term Debt, Gross                                             16,000us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtOneMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
       
Debt Instrument Accrued Interest                                             1,512bwmg_DebtInstrumentAccruedInterest
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtOneMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
       
Convertible Debenture Eleven [Member] | Convertible Debt Three [Member]                                                      
Convertible Debentures [Line Items]                                                      
Long-term Debt, Gross                                             56,250us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtThreeMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
       
Debt Instrument Accrued Interest                                             4,825bwmg_DebtInstrumentAccruedInterest
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtThreeMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureElevenMember
       
Convertible Debenture Twelve [Member]                                                      
Convertible Debentures [Line Items]                                                      
Long-term Debt, Gross                                   23,500us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTwelveMember
                 
Debt Instrument Accrued Interest                                               162bwmg_DebtInstrumentAccruedInterest
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTwelveMember
     
Extinguishment of Debt, Gain (Loss), Net of Tax                                               3,700us-gaap_ExtinguishmentOfDebtGainLossNetOfTax
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTwelveMember
     
Origination Principal Balance     10,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTwelveMember
[7] 10,000bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTwelveMember
[7]                                       16,347bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTwelveMember
     
Interest Payable     2,125us-gaap_InterestPayableCurrentAndNoncurrent
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureTwelveMember
                                               
Debt Instrument, Maturity Date     Aug. 31, 2013 [7] Aug. 31, 2013 [7]                                              
Convertible Debenture Thirteen [Member]                                                      
Convertible Debentures [Line Items]                                                      
Debt Instrument, Convertible, Conversion Price       $ 30,500us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                             
Debt Instrument, Convertible, Beneficial Conversion Feature     58,720us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                               
Percentage Of Discount On Conversion Price     59.00%bwmg_PercentageOfDiscountOnConversionPrice
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                               
Long-term Debt, Gross     84,500us-gaap_DebtInstrumentCarryingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                               
Debt Instrument Accrued Interest       191bwmg_DebtInstrumentAccruedInterest
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                             
Debenture Discount     84,500bwmg_DebentureDiscount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                               
Convertible Debenture Issued       30,500bwmg_FairMarketValueOfWarrants
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                             
Maximum Conversion Percentage For Debenture At Any One Time     4.99%bwmg_MaximumConversionPercentageForDebentureAtAnyOneTime
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                               
Extinguishment of Debt, Gain (Loss), Net of Tax                                             93,826us-gaap_ExtinguishmentOfDebtGainLossNetOfTax
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
       
Origination Principal Balance       39,724bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
[8]                                              
Debt Conversion, Converted Instrument, Amount       22,500us-gaap_DebtConversionConvertedInstrumentAmount1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                             
Debt Conversion Converted Instrument Issuance Date Description     within 90 days after the effective date at 140% multiplied by outstanding principal and accrued interest.                                                
Debt Conversion Post Closing Expenses     1,000bwmg_DebtConversionPostClosingExpenses
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                               
Debt Conversion Other Expenses     700bwmg_DebtConversionOtherExpenses
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
3,760bwmg_DebtConversionOtherExpenses
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                             
Debt Instrument Amount       166,240bwmg_DebtInstrumentAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                             
Debt Instrument Outstanding Amount       170,000bwmg_DebtInstrumentOutstandingAmount
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                             
Debt Instrument Accrued Interest Percentage     10.00%bwmg_DebtInstrumentAccruedInterestPercentage
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                               
Debt Instrument, Maturity Date       Sep. 20, 2011 [8]                                              
Debt Instrument, Convertible, Conversion Price       $ 30,500us-gaap_DebtInstrumentConvertibleConversionPrice1
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                             
Convertible Debenture Thirteen [Member] | Convertible Debt One [Member]                                                      
Convertible Debentures [Line Items]                                                      
Convertible Debenture Issued     95,000bwmg_ConvertibleDebentureIssued
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtOneMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                               
Convertible Debenture Thirteen [Member] | Convertible Debt Two [Member]                                                      
Convertible Debentures [Line Items]                                                      
Convertible Debenture Issued     30,500bwmg_ConvertibleDebentureIssued
/ us-gaap_DebtInstrumentAxis
= bwmg_ConvertibleDebtTwoMember
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureThirteenMember
                                               
Convertible Debenture Fourteen [Member]                                                      
Convertible Debentures [Line Items]                                                      
Percentage Of Discount On Conversion Price                                                 40.00%bwmg_PercentageOfDiscountOnConversionPrice
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourteenMember
   
Convertible Debenture Issued     20,000bwmg_ConvertibleDebentureIssued
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourteenMember
                                              13,333bwmg_ConvertibleDebentureIssued
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourteenMember
Debt Instrument Accrued Interest     2,302bwmg_DebtInstrumentAccruedInterest
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourteenMember
                                               
Origination Principal Balance     $ 39,724bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourteenMember
[9] $ 39,724bwmg_DebtInstrumentConvertibleOriginationPrincipalBalance
/ us-gaap_LongtermDebtTypeAxis
= bwmg_ConvertibleDebentureFourteenMember
[9]                                              
Debt Instrument, Maturity Date     Feb. 10, 2014 [9] Feb. 10, 2014 [9]                                              
[1] The Company converted an accounts payable for legal services to a convertible debenture. At the option of the lender, the principal amount of the note plus any accrued interest may be converted in whole or in part into Common Stock at the conversion price per share of $.001 by written notice. The lender will be limited to maximum conversion of 4.99% of the outstanding Common Stock of the Company at any one time. The debenture and the shares referenced within the debenture may be assignable in whole or in part to a third party at any time during the term. The Company valued the beneficial conversion feature (BCF) of the convertible debenture at $20,635, the “ceiling” of its intrinsic value. The Company accreted the discount to the convertible debenture and recognized interest expense through its maturity. On the maturity date of the debenture, the lender sold and assigned the debenture to an unrelated third party for the face value of the debenture. Because the original lender asserted default against this party, the original lender re-assigned the debenture to another party. See Ref. (12) for assignment of the debenture as well as accounting treatment of the assignment.
[2] The Company purchased in exchange for convertible debenture exclusive rights for license of certain intellectual property from an unrelated party. The parties agreed to a royalty of 2.5% of net revenues generated from the sale, sub-license or use of the technology or a reasonable negotiated rate based on similar invention. The debenture was convertible to common shares of the Company at May 27, 2011, along with accrued interest at the option of the lender. Conversion price per share is 30% discount as determined from the weighted average of the preceding 12 trading days’ closing market price. The Company valued the BCF of the convertible debenture at $53,517, its intrinsic value. The Company accreted the discount to the convertible debenture and will recognize interest expense through repayment in full or conversion. Because there was no assurance of success and the invention was still in design and pre-prototype phase, the Company recorded the initial net value of the debenture, $71,483, as research and development expense during the year ended 2010. Both parties agreed to confidentiality regarding the invention during the pre-prototype stage. In addition, the Company agreed to provide the licensor with design services, as well as assist in completing the prototype and initial production at the Company’s prevailing wholesale rate for comparable services. On February 10, 2012, the holder of this debenture entered into an agreement with a third party to sell/assign the $125,000 principal balance, plus accrued interest. The purchase was to be in installments with transfer/assignment of the debenture upon payment, referred to as “Closings”. The first Closing was on or about February 15, 2012 for $7,500, with that amount assigned/transferred. The second Closing, occurred 90 days after the first closing for $11,750 paid/assigned. All subsequent Closings were to be for $11,750 and occur in 30 day increments after the second Closing. This was to continue until the full principal balance of $125,000, plus accrued interest is purchased/assigned. See Ref. (9) for discussion of new terms on the assigned portions of the debenture.
[3] The Company ratified a technology and license agreement with commitment for purchase of inventory related to an agreement signed in 2010, which set pricing for products if minimum quantity purchases were met. Since the Company did not purchase the minimum quantities, but desired to maintain the technology and licensing rights along with the pricing, it agreed to purchase the 2010 balance shortage in 2011, as well as the 2011 minimum quantities. The agreement required the Company issue a convertible debenture for $76,000, and 38,000 shares of restricted common stock. The lender at their option could convert all or part of the note plus accrued interest into common stock at a price of thirty percent (30%) discount as determined from the average four (4) highest closing bid prices over the preceding five (5) trading days. The Company valued the BCF of the convertible debenture at $32,571. The Company accreted the discount to the convertible debenture and will recognize interest expense through paid in full or converted. The Company repaid $28,000 of this debenture in 2011. See Note 16. COMMITMENTS AND CONTINGENCIES for discussion of litigation involving the technology and license agreement that was settled in the third quarter of 2014. On July 1, 2014, the court granted dismissal of the final remaining complaint asserted by UBS as referenced in Note 16. COMMITMENTS AND CONTINGENCIES. Associated with the dismissal, the Company reversed in the third quarter of 2014, related prepaid inventory and convertible debenture resulting in a loss on settlement of $14,850, which was accrued as of June 30, 2014.
[4] In 2011, the Company borrowed $42,500, $37,500, and $37,500, respectively, in exchange for three convertible debentures from a lender. The Company valued the related beneficial conversion features (BCF) at $42,500, 37,500 and 37,500, respectively. On February 7, 2012, the lender sold/assigned all rights and interest on the first debenture having net book value of $11,000 plus accrued interest of $3,328. On March 9, 2012, the lender sold/assigned all rights and interest in the second debenture having a net book value of $24,500, plus $1,448 of accrued interest. See reference (11) which discusses the terms and conditions surrounding the new debentures issued upon extinguishment of the two originals as well as accounting treatment of the transactions. During the third quarter of 2012, the lender converted to stock the third convertible debenture with $37,500 principal and $1,500 accrued interest outstanding in full satisfaction of the convertible debenture. The stock was issued without restrictive legend pursuant to Rule 144, as the holder acquired convertible note issued by the Company more than six months prior to the date of conversion and did not pay any additional consideration for the shares. On July 2, 2012, the Company borrowed $78,500 from this same lender in exchange for a convertible debenture maturing on April 5, 2013. Beginning 180 days after the date of the debenture, lender could convert the note to common shares at a 39% discount of the “Market Price” of the stock based on the average of the lowest three (3) closing bid prices on the date prior to the notice of conversion. In addition, if the Company granted a lower price for common stock purchase or conversion to anyone else during the term of the agreement, the lender’s conversion price would be adjusted downward to the same. The lender could not convert an amount greater than 4.99% of the outstanding common stock at any one time. The Company could have prepaid the debenture at any time before maturity at graduated amounts depending on the date of prepayment ranging from 130% to 150% of the debenture balance plus accrued and unpaid interest. There was a $2,000 per day penalty for not timely delivering shares upon conversion notice. The Company was also required to maintain a reserve of shares sufficient to cover the lender’s conversion to common stock of the total amount of the debenture. The Company valued the BCF of the convertible debenture at $35,268. Accordingly, the $78,500 debenture was discounted by the amount of the BCF and accreted to the convertible debenture through its maturity, and interest was recognized until converted. By December 31, 2013, the lender had converted $78,500 principal plus accrued interest on the convertible debenture in full satisfaction of the debt. The stock was issued without restrictive legend pursuant to Rule 144, as the holder acquired convertible note issued by the Company more than six months prior to the date of conversion and did not pay any additional consideration for the shares. On August 8, 2012, the Company borrowed $42,500 from this same lender in exchange for a convertible debenture maturing on May 10, 2013. Beginning 180 days after the date of the debenture, lender could have converted the note to common shares at a 39% discount pursuant to the same terms and conditions discussed in preceding paragraph. The Company valued the BCF of the convertible debenture at $27,172. Accordingly, the $42,500 debenture was discounted by the amount of the BCF. The Company accreted the discount to the convertible debenture through its maturity and recognized interest expense until full conversion. The lender fully converted this debenture to shares of common stock with $34,055 converted during the year ended December 31, 2013, and $8,445 converted during the year ended December 31, 2014. In addition, $1,700 accrued interest on the convertible debenture was converted to stock in the first quarter of 2014. The stock was issued without restrictive legend pursuant to Rule 144, as the holder acquired convertible note issued by the Company more than six months prior to the date of conversion and did not pay any additional consideration for the shares. On October 31, 2012, the Company borrowed $78,500 from this same lender in exchange for a convertible debenture maturing on August 2, 2013. Beginning 180 days after the date of the debenture, lender could have converted the note to common shares at a 39% discount pursuant to the same terms and conditions discussed in two paragraphs preceding this one. The Company valued the BCF of the convertible debenture at $50,189, and accordingly, discounted the $78,500 debenture by this amount. The Company is accreting the discount to the convertible debenture through its maturity and will recognize interest expense until paid in full or converted. During the year ended December 31, 2014, the lender converted $73,820 of the convertible debenture to shares of common stock. The stock was issued without restrictive legend pursuant to Rule 144, as the holder acquired convertible note issued by the Company more than six months prior to the date of conversion and did not pay any additional consideration for the shares.
[5] On March 9, 2011, the Company borrowed $50,000 in exchange for a convertible debenture. The lender could at any time convert any portion of the debenture to common shares at a 30% discount of the “Market Price” of the stock based on the average of the previous ten (10) days weighted average closing prices on the date prior to the notice of conversion. The Company could have prepaid the debenture plus accrued interest at any time before maturity. In addition, as further inducement for loaning the Company the funds, the Company granted the lender 50,000 and 100,000 warrants at $337.50 and $472.50 per share (after restatement for 1 for -1,350- reverse stock split) , respectively. As a result, the Company allocated fair market value (“FMV”) to both the BCF and to the warrants, or $34,472, which was recorded as a discount against the debenture. The Company accreted the discount to the convertible debenture through its maturity and recognized interest expense until both the debenture and accrued interest were converted to stock in full satisfaction of amounts due, in the first and second quarter of 2012, respectively. Before discount, the Company determined the FMV of the warrants as $7,500 using the Black-Scholes valuation model.
[6] On May 3, 2011, the Company borrowed $300,000 in exchange for a convertible debenture. The Debenture bears 10% interest per annum. The lender may at any time convert any portion of the debenture to common shares at a 30% discount of the “Market Price” of the stock based on the average of the previous ten (10) days weighted average closing prices on the date prior to the notice of conversion. The Company may prepay the debenture plus accrued interest at any time before maturity. In addition, as further inducement for loaning the Company the funds, the Company granted the lender 300,000 and 600,000 warrants at $337.50 and $472.50 per share (after restatement for 1 for -1,350- reverse stock split), respectively. As a result, the Company allocated fair market value (“FMV”) to both the BCF and to the warrants, or $206,832, which was recorded as a discount against the debenture. The Company accreted the discount to the convertible debenture through maturity and will recognize interest expense until paid in full or converted. Before discount, the Company determined the FMV of the warrants as $45,000 using the Black-Scholes valuation model.
[7] The Company borrowed $10,000 in exchange for a convertible debenture. The lender at their option may convert all or part of the note plus accrued interest into common stock at a price of thirty percent (30%) discount as determined from the average four (4) highest closing bid prices over the preceding five (5) trading days. The Company valued the BCF of the convertible debenture at $4,286. The Company accreted the discount to the convertible debenture and will recognize interest expense until paid in full or converted.
[8] The Company converted a note payable and related accrued interest of $39,724 into a convertible debenture. The lender at their option may convert all or part of the note plus accrued interest into common stock at a price of thirty percent (30%) discount as determined from the average four (4) highest closing bid prices over the preceding five (5) trading days. The Company valued the BCF of the convertible debenture at $17,025. Because the debenture was issued and matured in the third quarter of 2011, the full amount of the discount, $17,025 was accreted and recognized as interest expense during the period. On February 10, 2012, the lender sold/assigned all rights and interest on the debenture having a net book value of $39,724, plus $1,552 of accrued interest. See reference (11) which discusses the terms and conditions surrounding the new debenture issued upon extinguishment of the original as well as accounting treatment of the transaction.
[9] The Company entered into three new debenture agreements upon sale/assignment of the original lenders under the debentures as discussed in references (4) and (8) above. Because the stated terms of the new debenture agreement and principal amounts were significantly different from the original debenture, including analysis of value of the beneficial conversion feature at the assignment/purchase date, the transactions are treated as extinguishment of the old debentures and recorded as new for accounting purposes. As a result of these three transactions, the Company recognized a combined loss on extinguishment of $71,577 in the year ended December 31, 2012. The new debentures were issued with the same following terms and conditions: The Company may prepay at any time in an amount equal to 150% of the principal and accrued interest. The conversion price under the debentures is $.37125 (adjusted for 1-for-1,350 reverse stock split), and the lender may convert at any time until the debenture plus accrued interest is paid in full. Various other fees and penalties apply if payments or conversions are not done timely by the Company. The lender will be limited to maximum conversion of 4.99% of the outstanding Common Stock of the Company at any one time. During the years ended December 31, 2013, the lender converted $3,211 of the debenture with original principal balance of $39,724 to stock. The stock was issued without restrictive legend pursuant to Rule 144, as the holder acquired convertible note issued by the Company more than six months prior to the date of conversion and did not pay any additional consideration for the shares. On January 18, 2013, the lender sold/assigned all rights and interest on one of its three debentures having net book value of $16,000 plus accrued interest of $1,512. On the same day, the lender sold/assigned all rights and interest on another of its three debentures having a net book value of $56,250, plus $4,825 of accrued interest. See reference (13) which discusses the terms and conditions surrounding the new debentures issued upon extinguishment of the two originals as well as accounting treatment of the transactions. As of December 31, 2014, the lender still held the third debenture with original principal balance of $39,724 with net book value of $2,743.