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INVESTMENTS - RELATED PARTIES (Tables)
3 Months Ended
Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]  
Schedule of investments

Investments in AVLP and Alzamend at March 31, 2019 and December 31, 2018, are comprised of the following:

 

    March 31,     December 31,  
    2019     2018  
Investment in convertible promissory note of AVLP   $ 7,732,660     $ 6,943,997  
Accrued interest in convertible promissory note of AVLP     1,214,509       1,004,317  
Total investment in convertible promissory note of AVLP – Gross     8,947,169       7,948,314  
Less: original issue discount     (1,974,791 )     (2,336,693 )
Total investment in convertible promissory note of AVLP   $ 6,972,378     $ 5,611,621  
                 
Investment in derivative instruments of AVLP     1,751,868       2,230,641  
Investment in common stock of AVLP     633,214       812,858  
Investment in common stock of Alzamend     176,250        
Investment in derivative instruments and common stock of AVLP and Alzamend   $ 2,561,332     $ 3,043,499  
                 
Total investment in AVLP and Alzamend – Net   $ 9,533,710     $ 8,655,120  
Schedule of summarizes the changes in our investments

The following table summarizes the changes in our investments in AVLP and Alzamend during the three months ended March 31, 2019:

 

    Investment in              
    warrants and     Investment in     Total  
    common stock     convertible     investment  
    of AVLP and     promissory     in AVLP and  
    Alzamend     note of AVLP     Alzamend – Net  
Balance at January 1, 2019   $ 3,043,499     $ 5,611,621     $ 8,655,120  
Investment in convertible promissory notes of AVLP           530,756       530,756  
Investment in common stock of AVLP and Alzamend     135,790             135,790  
Fair value of derivative instruments issued by AVLP     257,907             257,907  
Unrealized loss in derivative instruments of AVLP     (736,680 )           (736,680 )
Unrealized loss in common stock of AVLP and Alzamend     (139,184 )           (139,184 )
Accretion of discount           619,809       619,809  
Accrued Interest           210,192       210,192  
Balance at March 31, 2019   $ 2,561,332     $ 6,972,378     $ 9,533,710