PROMISSORY NOTES PAYABLE AND ADVANCES (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2016

Dec. 31, 2015

Debt Instrument [Line Items]

Schedule of notes payable and advances

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

	Company Proceeds		Carrying Value at September 30, 2016		Carrying Value at December 31, 2015		Accrued Interest at September 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		4,466		1,383		50,000
10% Note (2015)		87,500		108,055		62,949		8,860		548		110,000
10% Note (2015 Advances)		322,500		361,111		229,555		28,750		1,642		361,111
10% Note (2016 Advances)		1,065,000		332,795		-		16,256		-		1,080,556
8% Convertible Note		245,000		207,765		-		11,090		-		275,000
15% Note (2016 Advances)		35,000		35,000		-		1,050		-		35,000
15% CAH Note		-		575,000		-		43,952		-		575,000
	$	2,305,000	$	1,669,726	$	842,504	$	114,425	$	35,052	$	2,486,667

	Company Proceeds		Carrying  Value at December 31, 2015		Accrued Interest at December 31, 2015		Principal  Value at  Maturity
15% Note	$	500,000	$	500,000	$	31,479	$	500,000
10% Note		50,000		50,000		1,383		50,000
10% Note (2015)		87,500		62,949		548		110,000
Advances		322,500		229,555		1,642		351,111
	$	960,000	$	842,504	$	35,052	$	1,011,111

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, with the following key inputs:

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

Black-Scholes option pricing model based on the following weighted average assumptions:

Total 2015 Advances and 10% 2015 Note face value	$	471,111
Warrants to be issued (55% of face value)		256,172
Term		5 years
Strike price	$	1.50
Fair market value	$	0.95
Expected volatility		128	%
Risk-free interest rate		1.56	%

Advances [Member]

Debt Instrument [Line Items]

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 Advances, with the following weighted average key inputs:

	At issuance
Stock price	$	0.74
Term (years)		0.75
Volatility		116	%
Risk-free rate of interest		0.5	%
Dividend yield		0.0	%