General form of registration statement for all companies including face-amount certificate companies

8. SECURED CONVERTIBLE PROMISSORY NOTES PAYABLE (Tables)

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8. SECURED CONVERTIBLE PROMISSORY NOTES PAYABLE (Tables)
 6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Debt outstanding
    June 30, 2015
    Maturity   Balance     Interest Rate
Senior Secured Convertible Promissory Notes:                
Tranche 1   May 18, 2016   $ 510,000     10%
Tranche 2   June 12, 2016     510,000     10%
Total borrowings         1,020,000      
Unamortized debt issuance costs         (250,355 )    
Net carrying amount of debt         769,645      
Less current portion         769,645      
Long-term borrowings - net of current portion       $ –