CV Sciences, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

8. NOTES PAYABLE (Details - Secured Convertible Notes)

v3.4.0.3

8. NOTES PAYABLE (Details - Secured Convertible Notes) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Convertible debt, current	$ 0	$ 881,803
Convertible Notes Payable [Member]
Senior Secured Convertible Promissory Notes	1,020,000	1,785,000
Unamortized debt issuance costs	0	(99,805)
Unamortized debt discount - beneficial conversion feature	0	(38,392)
Convertible debt, net carrying amount	0	881,803
Convertible debt, current	0	881,803
Convertible debt, noncurrent	0	0
Tranche 1 (Note 1) [Member]
Senior Secured Convertible Promissory Notes	$ 0	510,000
Convertible notes converted		$ (510,000)
Interest rate		10.00%
Maturity date	May 19, 2016
Tranche 2 (Note 2) [Member]
Senior Secured Convertible Promissory Notes	$ 255,000	$ 510,000
Convertible notes converted	$ (255,000)	$ (255,000)
Interest rate		10.00%
Maturity date	Jun. 12, 2016
Tranche 3 (Note 3) [Member]
Senior Secured Convertible Promissory Notes	$ 510,000	$ 510,000
Convertible notes converted	$ (510,000)
Interest rate		10.00%
Maturity date	Jul. 24, 2016
Tranche 4 (Note 4) [Member]
Senior Secured Convertible Promissory Notes	$ 255,000	$ 255,000
Convertible notes converted	$ (255,000)
Interest rate		10.00%
Maturity date	Sep. 16, 2016

- Definition

Obligation reflecting another party's right to economic interests in another entity or trust under a contractual right. For example, an investor may purchase a beneficial interest in a securitization transaction.

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Carrying amount of long-term convertible debt as of the balance sheet date, net of the amount due in the next twelve months or greater than the normal operating cycle, if longer. The debt is convertible into another form of financial instrument, typically the entity's common stock.

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Contractual interest rate for funds borrowed, under the debt agreement.

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Carrying amount of collateralized debt obligations with maturities initially due after one year or beyond the operating cycle, if longer, excluding the current portion. Obligations include, but not limited to, mortgage loans, chattel loans, and other borrowings secured by assets.

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