XML 50 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended 27 Months Ended
May 01, 2016
Apr. 07, 2016
Feb. 12, 2016
Oct. 07, 2015
Oct. 02, 2015
Apr. 03, 2015
Oct. 03, 2014
Jul. 01, 2014
Apr. 02, 2014
Dec. 24, 2013
Sep. 30, 2013
Oct. 01, 2012
Sep. 21, 2012
Mar. 30, 2012
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Dec. 31, 2013
Sep. 30, 2016
Sep. 16, 2016
Aug. 01, 2013
Feb. 28, 2013
Dec. 31, 2012
Feb. 29, 2012
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Due to Related Parties, Current                             $ 104,901   $ 104,901   $ 106,505   $ 104,901          
Gain (Loss) on Extinguishment of Debt                             $ (23,133) $ 58,873 $ 49,681 $ 2,097,483                
Class of Warrant or Rights, Granted (in Shares)                                 0   2,072              
Preferred Stock, Shares Authorized (in Shares)                             20,000,000   20,000,000   20,000,000   20,000,000          
Notes Payable, Related Parties                             $ 2,191,696   $ 2,191,696   $ 1,465,022   $ 2,191,696          
Repayments of Related Party Debt                                 103,326 $ 0                
Accounts Payable, Related Parties, Current                             93,932   93,932   104,089   93,932          
Series A Preferred Stock [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Preferred Stock, Shares Authorized (in Shares)                                                 20,000,000  
Preferred Stock, Voting Rights                       modify the voting rights of the Series A Convertible Preferred Stock from 20 votes per share on matters to be voted on by the common stock holders to 25 votes per share on matters to be voted on by the common stock holders and all prior and subsequent payments of interest will be in common stock                            
Officers and Directors [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Due to Related Parties, Current                             104,901   104,901   106,505   104,901          
Affiliated Entity [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Costs and Expenses, Related Party                             80,504   172,298                  
Accounts Payable, Related Parties, Current                             69,973   69,973   242,271   69,973          
Related Party Transaction, Description of Transaction The agreement is for 12 months and renewable for 6 month periods. Compensation is at $250 per hour or, at the Company’s discretion, in shares of the Company’s common stock                                                  
Related Party Transaction, Amounts of Transaction                             30,000   50,000                  
Notes Payable, Other Payables [Member] | Affiliated Entity [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Conversion, Converted Instrument, Shares Issued (in Shares)                   3,916 8,772                 10,000            
Debt Instrument, Face Amount                                                   $ 544,267
Debt Instrument, Payment Terms                       Company is obligated to issue additional preferred stock equal in lieu of payment of cash of accrued and unpaid interest on each six month anniversary of the effective date (October 1, 2012).   agreed to extend until May 1, 2012 the initial payment date for any and all required monthly under the Note, such that the first of the four monthly payments required under the Note will be due and payable on May, 2012 and all subsequent payments will be due on a monthly basis thereafter commencing on June 1, 2012, and to waive any and all defaults and/or events of default under the Note with respect to such payments. The Company did not make the required payment, and as a result, was in default of the revised agreement The Company renegotiated the terms of the Note and Northstar agreed to suspend the requirement of principal payments by the Company and allow payment of interest-only in common stock.                        
Class of Warrant or Rights, Granted (in Shares)                       15,000 5,000                          
Debt Instrument, Debt Default, Description of Violation or Event of Default                       entered into a limited waiver and forbearance agreement providing a recapitalized new note balance comprised of all sums due Northstar with a maturity date extended perpetually. The Company agreed to issue 5,000,000 shares of Series A Convertible Preferred Stock and 10,000 of common stock in exchange for $210,000 as payment towards outstanding debt, default interest, penalties, professional fees outstanding and due Northstar. In addition, the Company executed a security agreement granting Northstar a lien on all patents, patent applications, trademarks, service marks, copyrights and intellectual property rights of any nature, as well as the results of all clinical trials, know-how for preparing Myoblasts, old and new clinical data, existing approved trials, all right and title to Myoblasts, clinical trial protocols and other property rights.In addition, the Company granted Northstar a perpetual license on products as described for resale, relicensing and commercialization outside the United States. In connection with the granted license, Northstar shall pay the Company a royalty of up to 8% on revenues generated.                            
PercentageOfRevenuesToBeReceivedAsRoyalty                       8.00%                            
Debt Instrument, Interest Rate, Stated Percentage                       12.85%                       7.00%    
Debt Conversion, Converted Instrument, Amount                   $ 85,447 $ 100,000                 $ 210,000            
Notes Payable, Related Parties                             262,000   262,000   262,000   262,000          
Notes Payable, Other Payables [Member] | Affiliated Entity [Member] | Series A Preferred Stock [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Conversion, Converted Instrument, Shares Issued (in Shares)                                       5,000,000            
Stock Issued During Period, Value, Other                                       $ 274,050            
Notes Payable, Other Payables [Member] | Affiliated Entity [Member] | Series A Preferred Stock [Member] | Settlement of Forbearance Agreement, Penalty [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Stock Issued During Period, Shares, Other (in Shares)                                       15,000,000            
Notes Payable, Other Payables [Member] | Director [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Notes Payable, Related Parties                             $ 50,000   $ 50,000   50,000   $ 50,000          
Settlement of Related Party Advances [Member] | Officers and Directors [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Conversion, Converted Instrument, Shares Issued (in Shares)     14,606                                              
Debt Conversion, Original Debt, Amount     $ 10,000                                              
Gain (Loss) on Extinguishment of Debt     $ 3,427                                              
Interest [Member] | Notes Payable, Other Payables [Member] | Affiliated Entity [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Conversion, Converted Instrument, Shares Issued (in Shares)   57,778     4,156 1,363 515   275                                  
Debt Conversion, Converted Instrument, Amount   $ 12,705     $ 12,705 $ 12,635 $ 12,705   $ 12,635                                  
Principal [Member] | Notes Payable, Other Payables [Member] | Affiliated Entity [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Conversion, Converted Instrument, Shares Issued (in Shares)       34,522                                            
Debt Conversion, Original Debt, Amount       $ 100,000                                            
Note Payable #1 [Member] | Notes Payable, Other Payables [Member] | Chief Executive Officer [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Instrument, Interest Rate, Stated Percentage                             5.00%   5.00%       5.00%          
Notes Payable, Related Parties                             $ 184,274   $ 184,274   252,250   $ 184,274          
Repayments of Related Party Debt                                 67,976                  
Note Payable #1 [Member] | Notes Payable, Other Payables [Member] | Chief Scientific Officer [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Instrument, Face Amount               $ 300,000                                    
Debt Instrument, Interest Rate, Stated Percentage               5.00%                                    
Notes Payable, Related Parties                             282,422   282,422   287,772   282,422          
Repayments of Related Party Debt                                 5,350       17,578          
Debt Instrument, Maturity Date               Jan. 01, 2015                                    
Note Payable #1 [Member] | Subordinated Debt [Member] | Director [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Notes Payable, Related Parties                             50,000   50,000   50,000   50,000          
Note Payable #2 [Member] | Notes Payable, Other Payables [Member] | Chief Executive Officer [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Instrument, Face Amount                                             $ 375,000      
Debt Instrument, Interest Rate, Stated Percentage                                             5.00%      
Notes Payable, Related Parties                             375,000   375,000   375,000   375,000          
Note Payable #2 [Member] | Notes Payable, Other Payables [Member] | Chief Scientific Officer [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Instrument, Face Amount                                           $ 300,000        
Debt Instrument, Interest Rate, Stated Percentage                                           5.00%        
Notes Payable, Related Parties                             $ 300,000   $ 300,000   $ 0   $ 300,000          
Note Payable #2 [Member] | Subordinated Debt [Member] | Director [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Instrument, Interest Rate, Stated Percentage                             7.00%   7.00%   7.00%   7.00%          
Note Payable #3 [Member] | Notes Payable, Other Payables [Member] | Chief Executive Officer [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Instrument, Face Amount               $ 500,000                                    
Debt Instrument, Interest Rate, Stated Percentage               5.00%                                    
Notes Payable, Related Parties                             $ 500,000   $ 500,000   $ 500,000   $ 500,000          
Debt Instrument, Maturity Date               Jan. 01, 2015                                    
Note Payable #4 [Member] | Notes Payable, Other Payables [Member] | Chief Executive Officer [Member]                                                    
NOTE 7 - RELATED PARTY TRANSACTIONS (Details) [Line Items]                                                    
Debt Instrument, Face Amount                                           $ 500,000        
Debt Instrument, Interest Rate, Stated Percentage                                           5.00%        
Notes Payable, Related Parties                             $ 500,000   $ 500,000   $ 0   $ 500,000