XML 66 R53.htm IDEA: XBRL DOCUMENT v3.3.1.900
NOTES PAYABLE AND RECEIVABLE (Detail Textuals 3) - USD ($)
1 Months Ended 12 Months Ended
Jan. 12, 2015
Jun. 25, 2015
Sep. 23, 2014
Dec. 31, 2015
Dec. 31, 2014
Oct. 16, 2015
Aug. 04, 2015
Amortization of debt discounts       $ 833,035 $ 156,250    
Deferred financing costs         139,667    
Net proceeds from sale of debentures       1,662,500      
Number of warrants           20,602  
Loss on debt extinguishment       (1,497,169)      
$467,095 Notes Receivable | International Vapor Group, Inc [Member]              
Repayments of Related Party Debt $ 50,000            
Loan consideration $ 500,000            
$1,750,000 Convertible Debenture              
Deferred financing costs       63,430      
$1,750,000 Convertible Debenture | Securities Purchase Agreements              
Debt instrument, face amount   $ 1,662,500          
Convertible promissory note   $ 1,750,000          
Percentage of outstanding principal annual rate   10.00%          
Notes payable, due date   Dec. 22, 2015          
Debt discount   $ 87,500   55,467      
Amortization of debt discounts   $ 19,542   63,430      
Debt discount percentage   5.00%          
Fair value of conversion feature embedded   $ 248,359          
Interest expenses       459,144      
Deferred financing costs       196,250      
Net proceeds from sale of debentures       1,466,250      
Loss on debt extinguishment       923,275      
Principal payment             $ 1,750,000
$1,750,000 Convertible Debenture | Private Placement [Member]              
Deferred financing costs       $ 87,779      
Number of warrants       1,000      
Warrant exercise price per share       $ 175.00      
Warrants term       5 years      
Debt Issuance Fee       10.00%      
$1,000,000 Term Loan              
Debt instrument, face amount     $ 1,000,000        
Frequency of periodic payment     monthly        
Periodic payment principal     $ 83,333        
Percentage of outstanding principal annual rate     14.00%        
Debt instrument, borrowings outstanding         750,000    
Interest expenses       $ 45,092 $ 24,086