4. Convertible Promissory Note (Details Narrative) - USD ($) |
6 Months Ended | |
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Jun. 30, 2018 |
Jun. 30, 2017 |
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Proceeds from convertible debt | $ 0 | $ 420,000 |
Stated interest rate | 10.00% | |
Interest expense, related to the amortization of the debt discount | $ 336,713 | |
Debt converted, amount converted | $ 548,949 | |
Debt converted, shares issued | 313,686 | |
Convertible Note 1 [Member] | ||
Proceeds from convertible debt | $ 420,000 | |
Debt maturity date | Jun. 30, 2020 | |
Beneficial conversion feature | $ 420,000 | |
Convertible Note 2 [Member] | ||
Proceeds from convertible debt | $ 80,000 | |
Debt maturity date | Jul. 28, 2020 | |
Beneficial conversion feature | $ 80,000 |
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- Definition Amount of increase (decrease) in additional paid in capital (APIC) resulting from recognition of deferred taxes for convertible debt with a beneficial conversion feature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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