Debentures (Details Narrative) - USD ($)
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1 Months Ended |
12 Months Ended |
21 Months Ended |
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Mar. 27, 2019 |
Nov. 08, 2018 |
Sep. 06, 2018 |
Aug. 02, 2018 |
Jul. 16, 2018 |
Feb. 08, 2018 |
Sep. 19, 2017 |
Jul. 17, 2017 |
Mar. 21, 2017 |
Feb. 02, 2017 |
Mar. 31, 2016 |
Jun. 30, 2017 |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2018 |
Jun. 28, 2018 |
May 21, 2018 |
May 14, 2018 |
Mar. 05, 2018 |
Oct. 31, 2017 |
Jun. 22, 2017 |
Jun. 02, 2017 |
Nov. 03, 2016 |
Outstanding debentures |
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$ 12,776,316
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$ 5,367,715
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$ 12,776,316
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Debt due description |
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Due in 2019
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Debt instrument face amount |
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$ 341,612
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Proceeds from debt |
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$ 9,000,000
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15,742,500
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Repayment of debt |
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$ 500,000
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Interest expenses |
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8,649,232
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Amortization of debt discount |
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$ 17,558,008
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10,412,324
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Stock converted into debt, value |
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20,000,000
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Unamortized Discount |
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$ 7,284,194
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7,284,194
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Issuance Agreements [Member] |
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Debt instrument face amount |
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$ 4,300,000
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$ 4,300,000
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$ 4,300,000
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$ 4,300,000
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Debt instrument maturity date |
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Sep. 19, 2019
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Sep. 19, 2019
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Sep. 19, 2019
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Sep. 19, 2019
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Proceeds from offerings |
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$ 3,500,000
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$ 3,500,000
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$ 3,500,000
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$ 3,500,000
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TCA Debenture [Member] |
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Debt instrument maturity date |
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Jun. 27, 2017
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Repayment of debt |
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$ 750,000
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March Debentures [Member] |
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Debt instrument face amount |
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$ 1,984,000
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Debt instrument maturity date |
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Mar. 21, 2019
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September Debenture [Member] |
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Principal amount of debt converted into shares |
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1,741,580
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Debentures and Warrants [Member] |
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Proceeds from debt |
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24,700,000
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24,700,000
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Non-cash interest and amortization of debt discount expense |
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17,600,000
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$ 19,000,000
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Unamortized Discount |
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6,200,000
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6,200,000
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February 2017 Offering [Member] |
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Debt instrument face amount |
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$ 1,600,000
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Warrants to purchase common stock |
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13
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Exercise price of warrants |
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$ 19,350
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Warrant purchase price |
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$ 1,500,000
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Principal amount of debt converted into shares |
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$ 2,500,000
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March 2017 Offerings [Member] |
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Debt instrument face amount |
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$ 10,850,000
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Debt instrument maturity date |
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Mar. 21, 2019
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Proceeds from debt |
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$ 8,400,000
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Convertible debt |
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2,500,000
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Interest expenses |
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400,000
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Stock converted into debt |
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$ 2,700,000
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Debt original issue discount, percentage |
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24.00%
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March 2017 Offerings [Member] | Series H Convertible Preferred Stock [Member] |
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Stock of convertible preferred stock |
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$ 2,200,000
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March 2017 Offerings [Member] | March Warrants [Member] |
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Debt instrument original amount |
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41,300,000
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March 2017 Offerings [Member] | TCA Debenture [Member] |
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Repayment of debt |
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750,000
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March 2017 Offerings [Member] | March Debentures [Member] |
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Outstanding debentures |
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$ 2,000,000
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2,000,000
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Debt instrument face amount |
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$ 16,000,000
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Stock converted into debt |
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$ 14,000,000
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Debt original issue discount, percentage |
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100.00%
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100.00%
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Warrants exercisable |
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47,300,000,000
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47,300,000,000
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Debenture description |
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The March Debentures are convertible into shares of the Company's common stock, at a conversion price which has been adjusted pursuant to the terms of the March Debentures to $.00102 per share as of December 31, 2018, due to prices at which the Company has subsequently issued shares of common stock. The Convertible Debentures began to amortize monthly commencing on the 90th day following the closing date. The Exchange Debentures began to amortize monthly on the closing date. On each monthly amortization date, the Company may elect to repay 5% of the original principal amount of the March Debentures in cash or, in lieu thereof, the conversion price of such debentures will thereafter be 85% of the volume weighted average price at the time of conversion.
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Stock converted into debt, value |
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4,258,172
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Debt instrument original amount |
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$ 15,300,000
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Non-cash interest and amortization of debt discount expense |
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$ 43,700,000
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March 2017 Offerings [Member] | March Debentures [Member] | Series A Warrant [Member] |
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Exercise price of warrants |
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$ .00102
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$ .00102
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Warrants exercisable |
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17,900,000,000
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17,900,000,000
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Warrant term |
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5 years
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5 years
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March 2017 Offerings [Member] | March Debentures [Member] | Series B Warrant [Member] |
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Exercise price of warrants |
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$ .00102
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$ .00102
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Interest expenses |
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$ 6,400,000
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Warrants exercisable |
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11,300,000,000
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11,300,000,000
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Warrant term |
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18 months
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18 months
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Amortization of debt discount |
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$ 8,600,000
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Debenture description |
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The Company extended the exercise period twice, once to March 21, 2019 and the second time to June 21, 2019
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March 2017 Offerings [Member] | March Debentures [Member] | Series B Warrant [Member] | Subsequent Event [Member] |
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Warrant description |
The expiration date of the Series B Warrants was extended 90 days to September 21, 2019 and again on May 10, 2019 to March, 31, 2022.
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March 2017 Offerings [Member] | March Debentures [Member] | Series C Warrant [Member] |
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Exercise price of warrants |
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$ .00102
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$ .00102
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Warrants exercisable |
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18,200,000,000
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18,200,000,000
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Warrant term |
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5 years
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5 years
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March 2017 Offerings [Member] | Mr Diamantis [Member] |
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Repayment of debt |
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$ 3,800,000
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June 2017 Offerings [Member] | June Warrants [Member] |
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Warrants to purchase common stock |
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133
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67
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Exercise price of warrants |
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$ 2,850
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$ 2,925
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June 2017 Offerings [Member] | June Debentures [Member] |
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Warrants to purchase common stock |
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200
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Amortization of debt discount |
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$ 107,700
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June 2017 Offerings [Member] | Accredited Investor [Member] | June Warrants [Member] |
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Warrant purchase price |
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$ 1,902,700
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Proceeds from issuance warrants |
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$ 1,500,000
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July 2017 Offerings [Member] |
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Debt instrument face amount |
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$ 4,136,862
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Warrants to purchase common stock |
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283
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Exercise price of warrants |
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$ 2,812.50
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$ 2,812.50
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Principal amount of debt converted into shares |
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$ 1,902,700
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Debt instrument maturity date |
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Oct. 17, 2017
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Warrant consideration in cash |
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$ 2,000,000
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July 2017 Offerings [Member] | July Debentures [Member] |
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Principal amount of debt converted into shares |
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$ 6,400,000
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September 2017 Offerings [Member] |
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Debt instrument face amount |
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2,604,000
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Principal amount of debt converted into shares |
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$ 4,136,862
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Debt instrument maturity date |
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Sep. 19, 2019
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Interest expenses |
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$ 1,000,000
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Debt original issue discount, percentage |
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24.00%
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24.00%
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Amortization of debt discount |
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$ 100,000
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Debenture description |
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On each monthly amortization date, the Company may elect to repay 5% of the original principal amount of September Debentures in cash or, in lieu thereof, the conversion price of such September Debentures shall thereafter be 85% of the volume weighted average price at the time of conversion, but not less than the floor of $390.00 per share.
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Proceeds from offerings |
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$ 2,100,000
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Conversion price per share |
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$ 390.00
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$ 390.00
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September 2017 Offerings [Member] | September Warrants [Member] |
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Exercise price of warrants |
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$ 390.00
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$ 390.00
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September 2017 Offerings [Member] | Series A Warrant [Member] |
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Warrants to purchase common stock |
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69,355
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Warrants exercisable |
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23,118
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23,118
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Warrant term |
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5 years
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5 years
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September 2017 Offerings [Member] | Series B Warrant [Member] |
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Warrants to purchase common stock |
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69,355
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Warrants exercisable |
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23,119
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23,119
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Warrant term |
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18 months
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18 months
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September 2017 Offerings [Member] | Series B Warrant [Member] | Subsequent Event [Member] |
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Warrant description |
The expiration date of these Series B Warrants was extended 90 days to September 21, 2019 and again on May 10, 2019 the expiration date was extended to March, 31, 2022.
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September 2017 Offerings [Member] | Series C Warrant [Member] |
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Warrants to purchase common stock |
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69,355
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Warrants exercisable |
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23,118
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23,118
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Warrant term |
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5 years
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5 years
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September 2017 Offerings [Member] | September Debenture [Member] |
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Principal amount of debt converted into shares |
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$ 6,412,136
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Stock converted into debt |
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$ 1,741,580
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$ 1,384,556
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Stock converted into debt, value |
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2,176.9
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1,730.1
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Loss on exchange of stock |
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$ 819,561
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$ 651,562
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2018 Offerings [Member] |
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Debt instrument face amount |
|
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$ 6,810,000
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$ 6,810,000
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$ 6,810,000
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$ 6,810,000
|
|
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Debt instrument maturity date |
|
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Sep. 19, 2019
|
|
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Amortization of debt discount |
|
|
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$ 1,310,000
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|
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Proceeds from offerings |
|
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$ 5,500,000
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Conversion price per share |
|
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$ .052
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$ .052
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