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

7. NOTES PAYABLE (Details - Senior Secured Convertible Notes)

v3.7.0.1

7. NOTES PAYABLE (Details - Senior Secured Convertible Notes) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Convertible debt, net carrying amount	$ 901,533		$ 1,897,976
Convertible debt, current	(901,533)		(1,897,976)
Convertible debt, noncurrent	730,942		$ 0
Convertible Notes Payable [Member]
Senior Secured Convertible Promissory Notes	1,020,000
Unamortized debt discount	0
Convertible debt, net carrying amount	0
Convertible debt, current	0
Convertible debt, noncurrent	0
Beneficial Conversion Feature [Member] \| Convertible Notes Payable [Member]
Unamortized debt discount	0
Debt Issuance Cost [Member] \| Convertible Notes Payable [Member]
Unamortized debt discount	0
Tranche 1 (Note 1) [Member] \| Convertible Notes Payable [Member]
Senior Secured Convertible Promissory Notes	0
Convertible notes converted	$ 0
Interest rate	10.00%		10.00%
Maturity date	May 19, 2016
Tranche 2 (Note 2) [Member] \| Convertible Notes Payable [Member]
Senior Secured Convertible Promissory Notes	$ 255,000
Convertible notes converted		$ (255,000)
Interest rate	10.00%		10.00%
Maturity date		Jun. 12, 2016
Tranche 3 (Note 3) [Member] \| Convertible Notes Payable [Member]
Senior Secured Convertible Promissory Notes	$ 510,000
Convertible notes converted		$ (510,000)
Interest rate	10.00%		10.00%
Maturity date		Jul. 24, 2016
Tranche 4 (Note 4) [Member] \| Convertible Notes Payable [Member]
Senior Secured Convertible Promissory Notes	$ 255,000
Convertible notes converted		$ (255,000)
Interest rate	10.00%		10.00%
Maturity date		Sep. 16, 2016

- Definition

The portion of the carrying value of long-term convertible debt as of the balance sheet date that is scheduled to be repaid within one year or in the normal operating cycle if longer. Convertible debt is a financial 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.

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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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Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format.

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Amount, after accumulated amortization, of debt discount.

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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.

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