6. Related Party Transactions (Details Narrative) - USD ($) |
3 Months Ended | |
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Mar. 31, 2017 |
Mar. 31, 2016 |
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Christopher Diamantis | ||
Advance received from related party | $ 3,300,000 | |
Accrued interest | $ 500,000 | |
Interest rate | 10.00% | |
Christopher Diamantis | 2017 Diamantis Note [Member] | ||
Promissory note | $ 3,800,000 | |
Warrants issued | 250,000 | |
Alcimede [Member] | ||
Consulting fees paid | $ 100,000 | $ 100,000 |
Monarch Capital [Member] | ||
Consulting fees paid | $ 60,000 | $ 50,000 |
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- Definition Advance received from related party. No definition available.
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- Definition Warrants issued No definition available.
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- Definition Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of all notes and loans payable (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Professional and contract service expense includes cost reimbursements for support services related to contracted projects, outsourced management, technical and staff support. No definition available.
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- Definition Identify the stated interest rate per the agreement, for example, leasing and debt arrangements between related parties. No definition available.
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