PROMISSORY NOTES PAYABLE AND ADVANCES (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Schedule of embedded conversion feature key inputs at inception

Management used a Monte Carlo valuation model to estimate the fair value of the embedded conversion option at issuance of the convertible note issued during the six months ended June 30, 2016, with the following key inputs:

	At inception
Stock price	$	0.68
Term (years)		0.76
Volatility		98.9	%
Risk-free rate of interest		0.5	%
Dividend yield		0.0	%

Schedule of notes payable and advances

Borrowings under notes payable and advances as of June 30, 2016 and December 31, 2015 are summarized as follows: 

	Company Proceeds		Carrying Value at June 30, 2016		Carrying Value at December 31, 2015		Accrued Interest at June 30, 2016		Accrued Interest at December 31, 2015		Principal Value at Maturity
15% Note	$	500,000	$	—	$	500,000	$	—	$	31,479	$	—
10% Note		50,000		50,000		50,000		3,205		1,383		50,000
10% Note (2015 Advances)		410,000		476,512		292,504		25,183		2,190		461,111
10% Note (2016 Advances)		140,000		130,494		—		3,422		—		155,556
8% Convertible Note		245,000		140,530		—		5,545		—		275,000
8% Convertible Note		—		575,000		—		11,847		—		575,000
	$	1,345,000	$	1,372,536	$	842,504	$	49,202	$	35,052	$	1,516,667