XML 97 R87.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONVERTIBLE DEBT (10K) (Details)
1 Months Ended 9 Months Ended 12 Months Ended
Jul. 28, 2014
USD ($)
shares
Jun. 13, 2014
USD ($)
shares
Jan. 22, 2014
USD ($)
Jul. 31, 2013
USD ($)
Jul. 31, 2012
USD ($)
shares
Sep. 30, 2015
USD ($)
$ / shares
shares
Sep. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
PromissoryNote
Warrant
$ / shares
shares
Dec. 31, 2013
USD ($)
shares
Dec. 31, 2012
USD ($)
PromissoryNote
Tranche
$ / shares
shares
Jul. 15, 2013
shares
Feb. 26, 2013
shares
Jun. 27, 2012
shares
Jul. 31, 2011
$ / shares
shares
Jun. 13, 2011
$ / shares
shares
Debt Instrument [Line Items]                              
Amortization of debt discount on convertible notes           $ 0 $ (78,078) $ (78,078) $ 178,548            
Information relating to convertible notes payable [Abstract]                              
Initial principal amount           $ 382,580                  
Conversion Price (in dollars per share) | $ / shares [1]           $ 0                  
Interest cost recognized               $ 20,853 $ 157,027            
Class of Warrant or Right [Line Items]                              
Number of warrants exercisable to receive shares of common stock (in shares) | shares           361,516     1,571,428            
Exercise price of warrants (in dollars per share) | $ / shares               $ 0.35              
Number of warrants that vest upon payment of notes (in shares) | shares               3              
Shares issued on exercise of warrants (in shares) | shares               3,000,000              
Warrants exercised (in shares) | shares           392,857   3,000,000 1,571,428 [2]            
Number of warrants that vest upon payment of notes but unexercised (in shares) | shares               1              
Minimum period during which registration statement is to be declared effective after filing with the SEC               90 days              
Maximum period during which registration statement is to be declared effective after filing with SEC               180 days              
June 2012 Note [Member]                              
Information relating to convertible notes payable [Abstract]                              
Initial principal amount               $ 2,210,000              
Warrant - June 2011 Debt Offering [Member]                              
Class of Warrant or Right [Line Items]                              
Number of warrants exercisable to receive shares of common stock (in shares) | shares                             35,000
Exercise price of warrants (in dollars per share) | $ / shares                             $ 1.20
Warrant - July 2011 Debt Offering [Member]                              
Class of Warrant or Right [Line Items]                              
Number of warrants exercisable to receive shares of common stock (in shares) | shares                           34,722  
Exercise price of warrants (in dollars per share) | $ / shares                           $ 1.08  
Warrant - June 2012 Debt Offering [Member]                              
Class of Warrant or Right [Line Items]                              
Number of warrants | Warrant               7              
Number of warrants exercisable to receive shares of common stock (in shares) | shares               3,142,857              
Exercise price of warrants (in dollars per share) | $ / shares               $ 0.35              
Number of securities vested (in shares) | shares                         785,714    
Common Stock [Member]                              
Class of Warrant or Right [Line Items]                              
Number of securities vested (in shares) | shares                   392,857 392,857 392,857      
Inter-Mountain [Member]                              
Class of Warrant or Right [Line Items]                              
Number of warrants exercisable to receive shares of common stock (in shares) | shares                   3,142,857          
Shares issued on exercise of warrants (in shares) | shares               725,274              
Warrants exercised (in shares) | shares               1,571,428              
Cashless exercise of warrants (in shares) | shares               1              
Maximum contingent issue of shares to be issued on cashless exercise of warrants (in shares) | shares               782,284              
Minimum contingent issue of shares to be issued on cashless exercise of warrants (in shares) | shares               261,516              
Secured Convertible Note [Member] | June 2011 Note [Member]                              
Debt Instrument [Line Items]                              
Conversion number of equity instruments (in shares) | shares               116,667              
Annual principal payment   $ 140,000   $ 14,001 $ 14,653                    
Notice prior to the relevant payment date       15 days 15 days                    
Information relating to convertible notes payable [Abstract]                              
Initial principal amount               $ 140,000              
Interest Rate       12.00% 12.00%     10.00%              
Maturity Date               Jun. 13, 2014              
Conversion Price (in dollars per share) | $ / shares               $ 1.20              
Interest payable   $ 13,346   $ 553 $ 2,080                    
Deferred Interest Payable       14,001 $ 14,653                    
Shares issued (in shares) | shares   116,667                          
Secured Convertible Note [Member] | July 2011 Note [Member]                              
Debt Instrument [Line Items]                              
Conversion number of equity instruments (in shares) | shares         115,741                    
Annual principal payment $ 125,000     $ 12,501 $ 11,542                    
Notice prior to the relevant payment date       15 days 15 days                    
Information relating to convertible notes payable [Abstract]                              
Initial principal amount               $ 125,000              
Interest Rate       12.00% 12.00%     10.00%              
Maturity Date               Jul. 28, 2014              
Conversion Price (in dollars per share) | $ / shares               $ 1.08              
Interest payable $ 13,457     $ 492 $ 1,643                    
Deferred Interest Payable       $ 12,501 $ 11,542                    
Shares issued (in shares) | shares 115,741                            
Secured Convertible Note [Member] | June 2012 Note [Member]                              
Debt Instrument [Line Items]                              
Purchase price paid in cash                   $ 500,000          
Purchase price paid in the form of promissory notes               $ 1,500,000   $ 1,500,000          
Number of promissory notes issued under purchase agreement | PromissoryNote               6   6          
Principal amount of promissory notes               $ 250,000   $ 250,000          
Original issue discount reflected in purchase price                   200,000          
Attorney's fees reflected in purchase price                   10,000          
Amount of monthly installment                   $ 83,333          
Number of calendar days after the date of registration to commence monthly installment                   30 days          
Monthly installment payment terms                   If the monthly installment is paid in common stock, such shares being issued will be based on a price that is 80% of the average of the three lowest volume weighted average prices of the shares of common stock during the preceding twenty trading days. The percentage declines to 70% if the average of the three lowest volume weighted average prices of the shares of common stock during the preceding twenty trading days is less than $0.05.          
Percentage of weighted average prices of shares of common stock                   80.00%          
Declined percentage of weighted average prices of shares of common stock                   70.00%          
Preceding number of trading days to calculate weighted average common stock price                   20 days          
Weighted average price of shares of common stock, Maximum (in dollars per share) | $ / shares                   $ 0.05          
Amount convertible under initial tranche                   $ 710,000          
Number of subsequent tranches | Tranche                   6          
Amount of each subsequent tranche plus interest                   $ 250,000          
Percentage of outstanding principal balance prepaid in cash                   120.00%          
Entry amount of judgment not stayed                   $ 100,000          
Period with in which judgment not stayed                   30 days          
Increased interest rate in the event of default                   18.00%          
Information relating to convertible notes payable [Abstract]                              
Interest Rate               8.00%              
Conversion Price (in dollars per share) | $ / shares                   $ 0.35          
Percentage of prepayment premium not incurred as per notice     120.00%                        
Reduction of notes payable     $ 317,000                        
Shares issued (in shares) | shares               435,502              
Current maturity of long-term debt               $ 152,000              
[1] As part of the April 2015 Note, at our option, subject to certain volume, price and other conditions, the monthly installments of principle and interest due under the April 2015 Note may be paid in whole, or in part, in cash or in Common Stock. If the monthly installments are paid in Common Stock, such shares being issued will be based on a price that is 80% of the average of the three lowest volume weighted average prices of the shares of Common Stock during the preceding twenty trading days. The percentage declines to 70% if the average of the three lowest volume weighted average prices of the shares of Common Stock during the preceding twenty trading days is less than $0.05 per share.
[2] As part of the June 2012 Note, Inter-Mountain received a total of seven warrants to purchase, if they all vest, an aggregate of 3,142,857 shares of common stock, which number of shares could increase based upon the terms and conditions of the warrants. The warrants have an exercise price of $0.35 per share, subject to certain pricing adjustments, and are exercisable, subject to vesting provisions and ownership limitations, until June 27, 2017. Warrants for 785,714, 392,857, 392,857, and 392,857 shares of Common Stock vested on June 27, 2012, December 31, 2012, February 26, 2013, and July 15, 2013, respectively, and three warrants totaling 1,571,428 shares of Common Stock were exercised in 2013. Such issuance of shares of Common Stock following the cashless exercise of three warrants by Inter-Mountain during 2013 was based upon an agreement in December 2013 with Inter-Mountain modifying the formula in the Warrants for determining the number of shares to be issued upon a cashless exercise. On January 22, 2014, we elected to offset and deduct the three remaining Investor Notes from the principle amount due to Inter-Mountain under the June 2012 Note and as a result of the offset and deduction the three remaining warrants terminated. For the purposes of this Table, only such vested shares of Common Stock from one unexercised warrant (392,857 shares) have been included, based upon an exercise price of $0.35 per share of Common Stock.