Debentures (Details Narrative) - USD ($) |
3 Months Ended | 6 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|---|
Jun. 22, 2017 |
Mar. 21, 2017 |
Feb. 02, 2017 |
Mar. 31, 2016 |
Jun. 30, 2017 |
Jun. 30, 2017 |
Jun. 30, 2016 |
Jun. 02, 2017 |
Mar. 15, 2017 |
|
Debt instrument face amount | $ 10,850,000 | $ 1,600,000 | |||||||
Warrants to purchase common stock | 100,000 | 29,518 | |||||||
Warrant exercise price | $ 2.58 | ||||||||
Warrant purchase price | $ 1,500,000 | ||||||||
Debt instrument conversion price | $ 2.58 | ||||||||
Proceeds from debt | 8,400,000 | $ 11,600,000 | |||||||
Repayment of debt | $ 500,000 | ||||||||
Proceeds from repayment of debt | 750,000 | ||||||||
Convertible debt | 2,500,000 | $ 15,261,724 | 15,261,724 | ||||||
Interest expenses | 400,000 | $ (7,418,722) | |||||||
Stock converted into debt | 2,700,000 | $ 2,700,000 | |||||||
Warrant outstanding | 137,499,256 | 137,499,256 | |||||||
Debenture description | The Debentures are convertible into shares of the Companys common stock (initially at a conversion price of $1.66, which has been adjusted pursuant to the terms of the Debentures to $0.39 due to prices at which the Company has subsequently issued shares of common stock). The Debentures will begin to amortize monthly commencing on the 90th day following the closing date, except for the Exchange Debentures related to the Series H Preferred Stock, which began to amortize monthly on the closing date. On each monthly amortization date, the Company may elect to repay 5% of the original principal amount of Debentures in cash or, in lieu thereof, the conversion price of such Debentures will thereafter be 85% of the volume weighted average price at the time of conversion. | ||||||||
Stock converted into debt, value | 4,611,093 | ||||||||
Deemed dividend | $ 47,600,000 | ||||||||
Amortization of debt discount | (2,498,120) | $ (2,087,881) | |||||||
Warrant [Member] | |||||||||
Debt instrument original amount | $ 41,300,000 | ||||||||
Debenture Warrant [Member] | |||||||||
Debenture description | The Company recognized a discount for 100% of the principal value of the Debentures and non-cash interest expense in the amount of $43.7 million in connection with the recognition of these derivative liabilities. | ||||||||
2017 Diamantis NoteMember | |||||||||
Repayment of debt | $ 3,800,000 | ||||||||
Exchange Of Debenture [Member] | |||||||||
Warrants to purchase common stock | 4,453,917 | ||||||||
Debt original issue discount, percentage | 24.00% | ||||||||
Debt instrument maturity date | Mar. 21, 2019 | ||||||||
Deemed dividend | $ 42,700,000 | ||||||||
Debenture [Member] | |||||||||
Debt instrument face amount | $ 1,900,000 | ||||||||
Warrants to purchase common stock | 1,000,000 | ||||||||
Warrant exercise price | $ 0.38 | ||||||||
Debt instrument original amount | $ 15,300,000 | ||||||||
Amortization of debt discount | $ 107,700 | ||||||||
June Debentures [Member] | |||||||||
Debt instrument face amount | $ 1,900,000 | ||||||||
Warrants to purchase common stock | 1,500,000 | 1,500,000 | 500,000 | ||||||
Warrant exercise price | $ 0.39 | ||||||||
June Debentures [Member] | Accredited Investor [Member] | |||||||||
Warrant purchase price | $ 1,800,000 |