8. NOTES PAYABLE (Details - Secured Convertible Promissory Note Payable) - Iliad Note [Member] - USD ($) |
9 Months Ended | |
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Sep. 30, 2016 |
Dec. 31, 2015 |
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Secured convertible promissory note payable | $ 2,055,000 | $ 0 |
Interest accrued | 73,779 | 0 |
Secured convertible promissory notes payable, net | 1,967,563 | 0 |
Less current portion | (1,967,563) | 0 |
Long-term borrowings - net of current portion | $ 0 | $ 0 |
Debt maturity date | Jun. 24, 2017 | |
Debt stated interest rate | 10.00% | |
Debt Issuance Cost [Member] | ||
Unamortized debt discount | $ (53,797) | |
Beneficial Conversion Feature [Member] | ||
Unamortized debt discount | $ (107,419) |
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- Definition Amount, after accumulated amortization, of debt discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of interest payable on debt, including, but not limited to, trade payables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of borrowings from a creditor other than a bank with a maturity within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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