NOTES PAYABLE (Tables)
|6 Months Ended|
Jun. 30, 2018
|Schedule of short-term and long-term liabilities||
The Company’s short-term and long-term liabilities consists of the following:
|Schedule of convertible debt||
The notes issued under the private placements are convertible into shares of common stock of the Company based upon the table below:
* This debt converted into shares of common stock during the year ended December 31, 2017.
** All notes have been converted into shares of common stock during the three months ended March 31, 2018.
*** The floor conversion price for the $475,000 of convertible debt is as follows:
Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components.
No definition available.
Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.
Reference 1: http://www.xbrl.org/2003/role/presentationRef