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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (1,572,634) $ (574,096)
Adjustments to reconcile net loss to net cash used by operating activities    
Depreciation and amortization 10,952 12,818
Amortization of issuance costs and discounts on convertible notes 265,175 $ 31,674
Accretion of interests related to convertible notes 64,719
Share-based compensation related to employee stock options 22,206 $ 98,222
Gain on accounts payable settlement (21,406)
Loss on debt extinguishment $ 1,017,148
Net loss on sale of trading securities $ 11,946
Change in unrealized loss on trading securities (7,986)
Gain on revaluation and modification of derivative liabilities $ (501,670) (368,007)
(Increase) decrease in:    
Prepaid expenses and other 74,795 $ 12,798
Deferred issuance costs on convertible notes 57,955
Increase (decrease) in:    
Accounts payable 121,193 $ 355,841
Accrued expenses & other 67,752 36,579
Net Cash Used by Operating Activities $ (393,815) (390,211)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sale of investments 35,970
Net Cash Provided by Investing Activities 35,970
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of convertible notes payable - short term $ 150,000 200,000
Notes payable issuance costs $ (5,860) (1,940)
Repayment of notes payable (10,000)
Net Cash Provided by Financing Activities $ 144,140 188,060
Net change in Cash and Cash Equivalents (249,675) (166,181)
Cash and Cash Equivalents, Beginning of Period 290,847 252,145
Cash and Cash Equivalents, End of Period $ 41,172 $ 85,964
Supplemental Cash Flow Disclosures:    
Interest expense paid in cash
Tax paid $ 1,662
Supplemental Non-Cash Disclosure:    
Series B Preferred Stock dividends 129,889 $ 123,564
Series A Preferred Stock dividends 2,935 $ 18,111
Accounts payable settled in Common Stock 21,406
Conversion of Series A Preferred Stock dividend to Common Stock 46 $ 1,220
Conversion of Series A Preferred Stock to Common Stock 10 $ 75
Conversion of Convertible Notes 67,500
Fair value of embedded derivative liability in Convertible Notes 33,911
Fair value of embedded derivative liability in Convertible Notes $ 945,951