Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | May. 10, 2016 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | Brownie's Marine Group, Inc | |
Entity Central Index Key | 1,166,708 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Trading Symbol | BWMG | |
Entity Common Stock, Shares Outstanding | 58,617,938 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Current assets | ||
Cash | $ 135,325 | $ 141,822 |
Accounts receivable, net of $8,000 and $11,000 allowance for doubtful accounts, respectively | 30,258 | 59,474 |
Accounts receivable - related parties | 45,940 | 41,270 |
Inventory | 650,724 | 654,213 |
Prepaid expenses and other current assets | 58,230 | 58,012 |
Other current assets - related parties | 0 | 3,020 |
Deferred tax asset, net - current | 190 | 190 |
Total current assets | 920,667 | 958,001 |
Property and equipment, net | 76,733 | 85,712 |
Deferred tax asset, net - non-current | 2,330 | 2,330 |
Other assets | 6,649 | 6,649 |
Total assets | 1,006,379 | 1,052,692 |
Current liabilities | ||
Accounts payable and accrued liabilities | 363,402 | 349,946 |
Customer deposits and unearned revenue | 18,073 | 25,238 |
Royalties payable - related parties | 153,575 | 152,546 |
Other liabilities | 226,146 | 231,551 |
Other liabilities and accrued interest - related parties | 84,500 | 84,500 |
Convertible debentures, net | 312,743 | 371,965 |
Notes payable - current portion | 6,128 | 6,099 |
Notes payable - related parties - current portion | 8,848 | 11,098 |
Total current liabilities | 1,173,415 | 1,232,943 |
Long-term liabilities | ||
Notes payable - long-term portion | 4,590 | 6,133 |
Total liabilities | $ 1,178,005 | $ 1,239,076 |
Commitments and contingencies | ||
Stockholders’ deficit | ||
Preferred stock; $0.001 par value: 10,000,000 shares authorized; 425,000 issued and outstanding | $ 425 | $ 425 |
Common stock; $0.0001 par value; 1,000,000,000 shares authorized; and 86,841,190 and 86,825,138 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively | 8,683 | 8,681 |
Common stock payable; $0.0001 par value; 195,610 and 195,610 shares, respectively | 20 | 20 |
Additional paid-in capital | 8,665,636 | 8,665,565 |
Accumulated deficit | (8,846,390) | (8,861,075) |
Total stockholders’ deficit | (171,626) | (186,384) |
Total liabilities and stockholders’ deficit | $ 1,006,379 | $ 1,052,692 |
CONDENSED CONSOLIDATED BALANCE3
CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Allowance for accounts receivable (in dollars) | $ 8,000 | $ 11,000 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 425,000 | 425,000 |
Preferred stock, shares outstanding | 425,000 | 425,000 |
Common stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 86,841,190 | 86,825,138 |
Common stock, shares outstanding | 86,841,190 | 86,825,138 |
Common stock payable, Par value (in dollars Per share) | $ 0.0001 | $ 0.0001 |
Common stock payable, shares outstanding | 195,610 | 195,610 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Net revenues | ||
Net revenues | $ 281,361 | $ 294,065 |
Net revenues - related parties | 110,012 | 170,443 |
Total net revenues | 391,373 | 464,508 |
Cost of net revenues | ||
Cost of net revenues | 325,400 | 347,273 |
Royalties expense - related parties | 9,539 | 11,319 |
Total cost of net revenues | 334,939 | 358,592 |
Gross profit | 56,434 | 105,916 |
Operating expenses | ||
Selling, general and administrative | 152,806 | 164,453 |
Research and development costs | 1,352 | 7,787 |
Total operating expenses | 154,158 | 172,240 |
Loss from operations | (97,724) | $ (66,324) |
Other (income) expense, net | ||
Debt settlement | (93,838) | |
Other (income) expense, net | (26,403) | $ 3,984 |
Interest expense | 7,759 | 9,277 |
Interest expense - related parties | 73 | 0 |
Total other (income) expense, net | (112,409) | 13,261 |
Net income (loss) before provision for income taxes | 14,685 | (79,585) |
Provision for income tax expense | 0 | 43 |
Net income (loss) | $ 14,685 | $ (79,628) |
Basic income per common share (in dollars per share) | $ 0 | $ 0 |
Diluted income per common share (in dollars per share) | $ 0 | $ 0 |
Basic weighted average common shares outstanding (in shares) | 86,838,897 | 67,303,690 |
Diluted weighted average common shares outstanding (in shares) | 92,368,596 | 67,303,690 |
CONDENSED CONSOLIDATED STATEME5
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' DEFICIT - 3 months ended Mar. 31, 2016 - USD ($) | Total | Preferred Stock [Member] | Common Stock [Member] | Common Stock Payable [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] |
Balance at Dec. 31, 2015 | $ (186,384) | $ 425 | $ 8,681 | $ 20 | $ 8,665,565 | $ (8,861,075) |
Balance (in shares) at Dec. 31, 2015 | 425,000 | 86,825,138 | 195,610 | |||
Payment of related party interest to stock | 73 | $ 0 | $ 2 | $ 0 | 71 | 0 |
Payment of related party interest to stock (shares) | 0 | 16,052 | 0 | |||
Net Income | 14,685 | $ 0 | $ 0 | $ 0 | 0 | 14,685 |
Balance at Mar. 31, 2016 | $ (171,626) | $ 425 | $ 8,683 | $ 20 | $ 8,665,636 | $ (8,846,390) |
Balance (in shares) at Mar. 31, 2016 | 425,000 | 86,841,190 | 195,610 |
CONDENSED CONSOLIDATED STATEME6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash flows provided by operating activities: | ||
Net income (loss) | $ 14,685 | $ (79,628) |
Adjustments to reconcile net incomes to net income (loss) to cash provided by operating activities: | ||
Depreciation | 5,331 | 5,527 |
Amortization of leasehold improvements | 3,648 | 3,198 |
Gain on cancellation of debt | (93,938) | 0 |
Shares issued for interest expenses | 73 | 0 |
Change in deferred tax asset, net | 0 | 43 |
Changes in operating assets and liabilities: | ||
Change in accounts receivable, net | 29,216 | 30,914 |
Change in accounts receivable - related parties | (4,670) | 29,165 |
Change in inventory | 3,489 | (52,257) |
Change in prepaid expenses and other current assets | (219) | (8,529) |
Change in other current assets - related parties | 3,020 | (2,305) |
Change in other assets | 0 | (339) |
Change in accounts payable and accrued liabilities | 48,655 | 108,563 |
Change in customer deposits and unearned revenue | (7,165) | 17,853 |
Change in other liabilities | (5,405) | (553) |
Change in other liabilities and accrued interest - related parties | 0 | 11,998 |
Change in royalties payable - related parties | 1,029 | 10,060 |
Net cash provided by (used in) operating activities | (2,251) | 73,710 |
Cash flows from investing activities: | ||
Purchase of fixed assets | 0 | (6,805) |
Net cash used in investing activities | 0 | (6,805) |
Cash flows from financing activities: | ||
Principal reduction on convertible debentures | (472) | 0 |
Principal payments on notes payable | (1,524) | (4,249) |
Principal payments on note payable - related parties | (2,250) | (7,084) |
Net cash used in financing activities | (4,246) | (11,333) |
Net change in cash | (6,497) | 55,572 |
Cash, beginning of period | 141,822 | 19,188 |
Cash, end of period | 135,325 | 74,760 |
Supplemental disclosures of cash flow information: | ||
Cash paid for interest | 242 | 14,322 |
Cash paid for income taxes | 0 | 0 |
Supplemental disclosures of non-cash investing activities and future operating activities: | ||
Conversion of convertible debentures to stock | 0 | 92,095 |
Conversion of accrued payroll to stock - related party | 0 | 40,500 |
Conversion of accrued interest on note payable - related party to stock | 73 | 0 |
Conversion of accrued interest and fees on convertible debentures to stock | 0 | 4,002 |
Retirement of shares returned by non-employee Board of Director | 0 | 1,383 |
Gain on convertible debt cancellation | $ (93,938) | $ 0 |
DESCRIPTION OF BUSINESS AND SUM
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Business Description and Accounting Policies [Text Block] | Description of business and summary of significant accounting policies The condensed consolidated financial statements as of March 31, 2016 and for the three month periods ended March 31, 2016 and 2015 are unaudited and, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the financial position as of March 31, 2016, and the results of operations for the three month periods ended March 31, 2016 and 2015, the statement of shareholders’ deficit for the three months ended March 31, 2016 and the statements of cash flows for the three month periods ended March 31, 2016 and 2015. The condensed consolidated results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for the entire year. The condensed consolidated balance sheet as of December 31, 2015 has been derived from the Company’s audited financial statements for the year ended December 31, 2015. While management of the Company believes that the disclosures presented are adequate to make the information not misleading, these condensed consolidated financial statements should be read in conjunction with our audited financial statements and the footnotes thereto for the fiscal year ended December 31, 2015 as filed with the Securities and Exchange Commission as part of the Company’s Form 10-K which was filed on March 29, 2016. The Company is behind on payments due for matured convertible debentures, related parties notes payable, accrued liabilities and interest related parties, and certain vendor payables. The Company is handling delinquencies on a case by case basis. However, there can be no assurance that cooperation the Company has received thus far will continue. Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about BWMG’s ability to continue as a going concern within one year from date the financial statements are issued. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. BWMG has issued a number of convertible debentures in the past as an interim measure to finance working capital needs and may continue to raise additional capital through sale of restricted common stock or other securities, and obtaining some short term loans. The Company has previously paid for some legal and consulting services with restricted stock to maximize working capital and intends to continue this practice when possible. In addition, the Company implemented some cost saving measures and will continue to explore more to reduce operating expenses. If BWMG fails to raise additional funds when needed, or does not have sufficient cash flows from sales, it may be required to scale back or cease operations, liquidate assets and possibly seek bankruptcy protection. The accompanying consolidated financial statements do not include any adjustments that may result from the outcome of this uncertainty. 3 5 The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of fixed assets or whether the remaining balance of fixed assets should be evaluated for possible impairment. The Company uses an estimate of the related undiscounted cash flows over the remaining life of the fixed assets in measuring their recoverability. Contract costs include all direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs, and depreciation costs. General and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Change in job performance, job conditions, and estimated profitability may result in revisions to costs and income and are recognized in the period in which the revisions are determined. Revenue and costs incurred for time and material projects are recognized as the work is performed. 1,997 1,454 50 15 The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. A valuation allowance is established against deferred tax assets that do not meet the criteria for recognition. In the event the Company were to determine that it would be able to realize deferred income tax assets in the future in excess of their net recorded amount, they would make an adjustment to the valuation allowance which would reduce the provision for income taxes. The Company follows the accounting guidance which provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized initially and in subsequent periods. Also included is guidance on measurement, derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Level 1 - Quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities. Level 2 - Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Inputs are used in applying the various valuation techniques and broadly refer to the assumptions that market participants use to make valuation decisions, including assumptions about risk. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes “observable” requires significant judgment by the Company. Management considers observable data to be market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, provided by multiple, independent sources that are actively involved in the relevant market. The categorization of an investment within the hierarchy is based upon the pricing transparency of the investment and does not necessarily correspond to the Company’s perceived risk of that investment. At March 31, 2016, and December 31, 2015, the carrying amount of cash, accounts receivable, accounts receivable related parties, customer deposits and unearned revenue, royalties payable related parties, other liabilities, other liabilities and accrued interest related parties, notes payable, notes payable related parties, and accounts payable and accrued liabilities approximate fair value because of the short maturity of these instruments. 5,529,699 |
INVENTORY
INVENTORY | 3 Months Ended |
Mar. 31, 2016 | |
Inventory Disclosure [Abstract] | |
Inventory Disclosure [Text Block] | 2. INVENTORY March 31, December 31, Raw materials $ 409,910 $ 422,115 Work in process Finished goods 240,814 232,098 $ 650,724 $ 654,213 |
PREPAID EXPENSES AND OTHER CURR
PREPAID EXPENSES AND OTHER CURRENT ASSETS | 3 Months Ended |
Mar. 31, 2016 | |
Prepaid Expenses and Other Current Asset [Abstract] | |
Prepaid Expenses and Other Current Asset Disclosure [Text Block] | 3. PREPAID EXPENSES AND OTHER CURRENT ASSETS March 31, December 31, Prepaid inventory $ 27,674 $ 42,076 Prepaid insurance 14,466 8,819 Prepaid other current assets 16,090 7,117 $ 58,230 $ 58,012 |
PROPERTY AND EQUIPMENT, NET
PROPERTY AND EQUIPMENT, NET | 3 Months Ended |
Mar. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment Disclosure [Text Block] | 4. PROPERTY AND EQUIPMENT, NET Property and equipment consists of the following as of: March 31, December 31, Factory and office equipment $ 62,633 $ 62,633 Tooling 59,149 59,149 Computer equipment and software 23,932 23,932 Vehicles 44,160 44,160 Leasehold improvements 43,779 43,779 233,653 233,653 Less: accumulated depreciation and amortization (156,920) (147,941) $ 76,733 $ 85,712 |
OTHER ASSETS
OTHER ASSETS | 3 Months Ended |
Mar. 31, 2016 | |
Other Assets [Abstract] | |
Other Assets Disclosure [Text Block] | 5. OTHER ASSETS Other assets of $ 6,649 |
CUSTOMER CREDIT CONCENTRATIONS
CUSTOMER CREDIT CONCENTRATIONS | 3 Months Ended |
Mar. 31, 2016 | |
Risks and Uncertainties [Abstract] | |
Concentration Risk Disclosure [Text Block] | 6. CUSTOMER CREDIT CONCENTRATIONS The Company sells to three (3) entities owned by the brother of Robert Carmichael, the Company’s Chief Executive Officer, and three (3) companies owned or controlled by the Chief Executive Officer as further discussed in Note 7. RELATED PARTIES TRANSACTIONS. Combined sales to these six (6) entities for the three months ended March 31, 2016 and 2015, represented 28.11 36.69 |
RELATED PARTIES TRANSACTIONS
RELATED PARTIES TRANSACTIONS | 3 Months Ended |
Mar. 31, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | 7. RELATED PARTIES TRANSACTIONS Notes payable related parties March 31, December 31, 2016 2015 Promissory note payable to Chief Executive Officer, unsecured, payable in twelve monthly principal payments of $2,250 beginning June 15, 2015, with interest at 10% per annum with payments monthly in shares of stock based on the monthly weighted average price of the stock, maturing May 15, 2016. $ 8,848 $ 11,098 Less amounts due within one year (8,848) (11,098) Long-term portion of notes payable $ $ 8,848 $ 11,098 Effective April 22, 2015, the Company issued Mr. Carmichael, Chief Executive Officer of the Company, an unsecured promissory note presented in the table above in consideration for a $ 27,000 73 16,052 Net revenues and accounts receivable related parties The Company sells products to Brownie’s Southport Divers, Inc., Brownie’s Palm Beach Divers, and Brownie’s Yacht Toys, owned by the brother of the Company’s Chief Executive Officer. Terms of sale are no more favorable than those extended to any of the Company’s other customers with similar sales volume. Combined net revenues from these entities for three months ended March 31, 2016 and 2015, was $ 109,423 156,637 21,496 8,083 14,035 12,981 4,678 15,221 The Company sells products to Brownie’s Global Logistics, LLC. (“BGL”), 3D Buoy and 940 Associates, Inc., affiliated with the Company’s Chief Executive Officer. Terms of sale are more favorable than those extended to BWMG’s regular customers, but no more favorable than those extended to Brownie’s strategic partners. Terms of sale to BGL approximate cost or include a nominal margin. These terms are consistent with those extended to Brownie’s strategic partners. Strategic partner terms on a per order basis include promotion of BWMG’s technologies and “Brownie’s” brand, offered only on product or services not offered for resale, and must provide for reciprocal terms or arrangements to BWMG on strategic partners’ product or services. BGL is fulfilling the strategic partner terms by providing exposure for BWMG’s technologies and “Brownie’s” brand in the yachting and exploration community word-wide through its operations. Combined net revenues from these entities for three months ended March 31, 2016, and 2015, were $ 589 13,806 180 2,146 0 6,443 1,948 0 Royalties expense related parties The Company has an Exclusive License Agreement with 940 Associates, Inc. (hereinafter referred to as “940A”), an entity owned by the Company’s Chief Executive Officer, to license the trademark “Brownies Third Lung”, “Tankfill”, “Brownies Public Safety” and various other related trademarks as listed in the agreement. This license agreement calls for the Company to pay 940A 2.5 Equity based compensation to employee The Company previously paid the employment compensation of Alexander F. Purdon, a more than 10% shareholder of the Company, in restricted shares of stock in lieu of cash. This arrangement terminated December 31, 2015 and was as of March 31, 2016 13,500 13,500 129,500 17,500 61,852 1,852 2,250 Other liabilities and accrued interest related parties March 31, December 31, 2016 2015 Year-end 2012 bonus payable to Chief Executive Officer(1) $ 67,000 $ 67,000 Year-end 2012 bonus payable to employee(1) 17,500 17,500 $ 84,500 $ 84,500 (1) See Note 17. SUBSEQUENT EVENTS |
ACCOUNTS PAYABLE AND ACCRUED LI
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES | 3 Months Ended |
Mar. 31, 2016 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | 8. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts payable and accrued liabilities consists of the following as of: March 31, December 31, 2016 2015 Accounts payable trade $ 94,862 $ 59,916 Accrued payroll & fringe benefits 39,796 27,245 Accrued year-end bonuses 45,000 45,000 Accrued payroll taxes & withholding 30,087 36,520 Accrued interest 153,657 181,265 $ 363,402 $ 349,946 Balances due certain vendors are in arrears to varying degrees. The Company is handling all delinquent accounts on a case-by-case basis. |
OTHER LIABILITIES
OTHER LIABILITIES | 3 Months Ended |
Mar. 31, 2016 | |
Other Liabilities Disclosure [Abstract] | |
Other Liabilities Disclosure [Text Block] | 9. OTHER LIABILITIES March 31, December 31, Short-term loans $ 210,784 $ 215,782 Asset purchase agreement payable 12,857 12,857 On-line training liability 2,505 2,912 $ 226,146 $ 231,551 The short-term loans are comprised of three (3) loans due on demand from unrelated parties. The loans have no other stated terms except one for $ 200,000 On-line training certificates are provided with all hookah units sold. The training certificates entitle the holder to an on-line interactive course at no additional charge to the holder. The number of on-line training certificates issued per unit is the same as the number of divers the unit as sold is designed to accommodate (i.e., a three diver unit configuration comes with three on-line training certificates). The certificates have eighteen-month redemption from the time customer purchases the unit before expiration. The Company owes the on-line training vendor an agreed upon negotiated rate for on-line certificates redeemed prior to expiration, and payment is due upon redemption. The Company estimates the on-line training liability based on a historical redemption rate of approximately 10 |
NOTES PAYABLE
NOTES PAYABLE | 3 Months Ended |
Mar. 31, 2016 | |
Notes Payable Disclosure [Abstract] | |
Notes Payable Disclosure [Text Block] | 10. NOTES PAYABLE March 31, December 31, 2016 2015 Promissory note payable, secured by vehicle underlying loan having carrying value of $13,206 and $17,760 at March 31, 2016 and December 31, 2015, respectively, bearing interest at 1.9% per annum, due in monthly principal and interest payments of $523, maturing on December 5, 2017 $ 10,718 $ 12,232 Less amounts due within one year (6,128) (6,099) Long-term portion of notes payable $ 4,590 $ 6,133 2016 $ 4,585 2017 6,133 2018 2019 2020 Thereafter $ 10,718 |
CONVERTIBLE DEBENTURES
CONVERTIBLE DEBENTURES | 3 Months Ended |
Mar. 31, 2016 | |
Convertible Debentures [Abstract] | |
Convertible Debentures [Text Block] | 11. CONVERTIBLE DEBENTURES March 31, March 31, December 31, December 31, 2016 2016 2015 2015 Origination Maturity Interest Origination Origination Debenture Accrued Debenture Accrued Date Date Rate Principal Discount Balance Interest Balance Interest Ref. 11/27/2010 5/27/2011 10 % 125,000 (53,571) $ $ $ 58,750 $ 34,709 (1) 5/3/2011 5/5/2012 5 % 300,000 (206,832) 300,000 147,500 300,000 140,000 (2) 8/31/2011 8/31/2013 5 % 10,000 (4,286) 10,000 2,309 10,000 2,183 (3) 2/10/2012 2/10/2014 10 % 5,500 472 216 (4) 2/10/2012 2/10/2014 10 % 39,724 2,743 3,848 2,743 4,158 (4) $ 312,743 $ 153,657 $ 371,965 $ 181,266 Reference numbers in right hand column of table entitled Ref. refer to paragraphs with corresponding numbers that immediately follow this paragraph. (1) The Company purchased in exchange for convertible debenture exclusive rights for license of certain intellectual property from an unrelated party. The parties agreed to a royalty of 2.5 May 27, 2011 30 53,517 71,483 On February 10, 2012, the holder of this debenture entered into an agreement with a third party to sell/assign the $ 125,000 7,500 11,750 11,750 125,000 (2) On May 3, 2011, the Company borrowed $ 300,000 10 30 300,000 600,000 337.50 472.50 206,832 45,000 (3) The Company borrowed $ 10,000 30 4,286 (4) The Company entered into three new debenture agreements upon sale or assignment by the original lender. Because the stated terms of the new debenture agreement and principal amounts were significantly different from the original debenture, including analysis of the value of the beneficial conversion feature at the assignment or purchase date, the transactions are treated as extinguishment of the old debentures and recorded as new for accounting purposes. |
AUTHORIZATION OF PREFERRED STOC
AUTHORIZATION OF PREFERRED STOCK | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block Supplement [Abstract] | |
Preferred Stock [Text Block] | 12. AUTHORIZATION OF PREFERRED STOCK During the second quarter of 2010, the holder of the majority of the Company’s outstanding shares of common stock approved an amendment to the Company’s Articles of Incorporation authorizing the issuance of 10,000,000 425,000 31,481 55 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Legal Matters and Contingencies [Text Block] | 13. COMMITMENTS AND CONTINGENCIES From time to time the Company is subject to legal proceedings, claims and litigation arising in the ordinary course of business, including matters relating to product liability claims. Such product liability claims sometimes involving wrongful death or injury have historically been covered by product liability insurance, which provided coverage for each claim up to $ 1,000,000 As previously disclosed, we are co-defendants under an action filed by an individual in June 2013 in the Circuit Court of Broward County claiming personal injury resulting from use of a Brownie’s Third Lung. Plaintiff has claimed damages in excess of $ 1,000,000 On August 14, 2014, the Company entered into a new lease commitment. Terms of the new lease include thirty-seven month term commencing on September 1, 2014; payment of $ 5,367 4,000 10.76 2,000 Base rent expense attributable to the Company’s headquarters facility totaled approximately $ 12,000 12,000 Year 1 $ 48,000 Year 2 24,000 Year 3 Year 4 Year 5 $ 72,000 |
EQUITY INCENTIVE PLAN
EQUITY INCENTIVE PLAN | 3 Months Ended |
Mar. 31, 2016 | |
Equity Incentive Plan [Abstract] | |
Equity Incentive Plan [Text Block] | 14. EQUITY INCENTIVE PLAN On August 22, 2007, the Company adopted an Equity Incentive Plan (the “Plan”). Under the Plan, Stock Options may be granted to employees, directors, and consultants in the form of Incentive Stock Options or Nonstatutory Stock Options. Stock Purchase Rights, time vested and/performance invested Restricted Stock, and Stock Appreciation Rights and Unrestricted Shares may also be granted under the Plan. The initial maximum number of shares that may be issued under the Plan shall be 297 75 297 |
EQUITY BASED INCENTIVE_RETENTIO
EQUITY BASED INCENTIVE/RETENTION BONUSES | 3 Months Ended |
Mar. 31, 2016 | |
Equity Based Year End Bonuses and Conversion Of Board Of Directors Liability [Abstract] | |
Equity Based Year End Bonuses and Conversion Of Board Of Directors Liability [Text Block] | 15. EQUITY BASED INCENTIVE/RETENTION BONUSES On November 2, 2012, the Board of Directors consented to grant equity based bonuses to certain key employees and consultants as an incentive to retain their services. Stock incentive bonuses were to vest, and be paid out on May 2, 2013, contingent upon continued employment or service. The stock bonus price per share was calculated based on last closing price as reported on per the OTCBB prior to the grant date for a total of $75,100. Shares were set aside and reserved for this transaction. As disclosed in Note 7. RELATED PARTIES TRANS-ACTIONS, $ 45,000 2,250 75,100 37,038 1,854 61,852 5,185 |
INTEREST EXPENSE NON-RELATED PA
INTEREST EXPENSE NON-RELATED PARTIES AND OTHER EXPENSE (INCOME), NET | 3 Months Ended |
Mar. 31, 2016 | |
Interest Income (Expense), Net [Abstract] | |
Other Income and Other Expense Disclosure [Text Block] | 16. INTEREST EXPENSE NON-RELATED PARTIES AND OTHER EXPENSE (INCOME), NET For the three months ended March 31, 2016, non-related parties interest expense of $ 7,759 7,703 56 9,277 9,177 100 For the three months ended March 31, 2016, $ 120,241 93,838 14,970 5,723 528 3,984 11,379 3,471 1,800 2,124 |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Mar. 31, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | 17. SUBSEQUENT EVENTS Effective April 15, 2016 Trebor entered into an employment agreement with Alexander F. Purdon, a former employee of Trebor. Under the terms of the agreement Purdon agreed to provide business and sales services to the Company through August 31, 2016. Wages due to Purdon shall be payable at the sole discretion of the Company in shares of its restricted common stock. Furthermore, as additional consideration for the Company to enter into the agreement, Purdon agreed to tender 28,403,252 shares of the Company’s common stock beneficially owned by Purdon to the Company. The shares have been retired and returned to the Company’s treasury without further consideration. Following the return of the shares to the treasury of the Company and issuance of 180,000 shares of common stock under the above agreement, the Company has 58,617,938 shares of common stock issued and outstanding. Effective April 29, 2016, the Company canceled, terminated and rescinded an aggregate performance bonus payable of $129,500 (the “Bonus Payment”) payable to three Company employees, including Robert Carmichael and Alexander Purdon, such bonuses initially reserved by the Board of Directors pursuant to a unanimous written consent of the Board of Directors dated February 23, 2013 and to be paid at such time as it deemed appropriate by the Board of Directors. The Company determined it was no longer appropriate to pay the remaining accrued Bonus Payment which was payable at the discretion of the Board of Directors due to several factors, including but not limited to 1) the real-time tax impact to the recipients, 2) the continued inability of the Corporation to pay cash bonuses, and 3) the difficulty of a recipient realizing a cash benefit from the resale of the Shares due to the insider trading policies by which the recipient must abide and other securities matters. |
DESCRIPTION OF BUSINESS AND S24
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Description Of Business [Policy Text Block] | Description of business |
Basis of Presentation and Significant Accounting Policies [Policy Text Block] | Basis of Presentation The condensed consolidated financial statements as of March 31, 2016 and for the three month periods ended March 31, 2016 and 2015 are unaudited and, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the financial position as of March 31, 2016, and the results of operations for the three month periods ended March 31, 2016 and 2015, the statement of shareholders’ deficit for the three months ended March 31, 2016 and the statements of cash flows for the three month periods ended March 31, 2016 and 2015. The condensed consolidated results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for the entire year. The condensed consolidated balance sheet as of December 31, 2015 has been derived from the Company’s audited financial statements for the year ended December 31, 2015. While management of the Company believes that the disclosures presented are adequate to make the information not misleading, these condensed consolidated financial statements should be read in conjunction with our audited financial statements and the footnotes thereto for the fiscal year ended December 31, 2015 as filed with the Securities and Exchange Commission as part of the Company’s Form 10-K which was filed on March 29, 2016. |
Fiscal Period, Policy [Policy Text Block] | Definition of fiscal year |
Use of Estimates, Policy [Policy Text Block] | Use of estimates |
Reclassification, Policy [Policy Text Block] | |
Going Concern [Policy Text Block] | Going Concern The Company is behind on payments due for matured convertible debentures, related parties notes payable, accrued liabilities and interest related parties, and certain vendor payables. The Company is handling delinquencies on a case by case basis. However, there can be no assurance that cooperation the Company has received thus far will continue. Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about BWMG’s ability to continue as a going concern within one year from date the financial statements are issued. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. BWMG has issued a number of convertible debentures in the past as an interim measure to finance working capital needs and may continue to raise additional capital through sale of restricted common stock or other securities, and obtaining some short term loans. The Company has previously paid for some legal and consulting services with restricted stock to maximize working capital and intends to continue this practice when possible. In addition, the Company implemented some cost saving measures and will continue to explore more to reduce operating expenses. If BWMG fails to raise additional funds when needed, or does not have sufficient cash flows from sales, it may be required to scale back or cease operations, liquidate assets and possibly seek bankruptcy protection. The accompanying consolidated financial statements do not include any adjustments that may result from the outcome of this uncertainty. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and equivalents |
Trade and Other Accounts Receivable, Policy [Policy Text Block] | Accounts receivable |
Inventory, Policy [Policy Text Block] | Inventory |
Property, Plant and Equipment, Policy [Policy Text Block] | Furniture, Fixtures, Equipment and Leasehold Improvements 3 5 The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of fixed assets or whether the remaining balance of fixed assets should be evaluated for possible impairment. The Company uses an estimate of the related undiscounted cash flows over the remaining life of the fixed assets in measuring their recoverability. |
Revenue Recognition, Policy [Policy Text Block] | Revenue recognition Contract costs include all direct material and labor costs and those indirect costs related to contract performance, such as indirect labor, supplies, tools, repairs, and depreciation costs. General and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Change in job performance, job conditions, and estimated profitability may result in revisions to costs and income and are recognized in the period in which the revisions are determined. Revenue and costs incurred for time and material projects are recognized as the work is performed. |
Product Development Cost [Policy Text Block] | Product development costs |
Advertising Costs, Policy [Policy Text Block] | Advertising and marketing costs 1,997 1,454 |
Customer Deposits and Returns [Policy Text Block] | Customer deposits and returns policy 50 15 |
Income Tax, Policy [Policy Text Block] | Income taxes The Company records net deferred tax assets to the extent the Company believes these assets will more likely than not be realized. In making such determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies and recent financial operations. A valuation allowance is established against deferred tax assets that do not meet the criteria for recognition. In the event the Company were to determine that it would be able to realize deferred income tax assets in the future in excess of their net recorded amount, they would make an adjustment to the valuation allowance which would reduce the provision for income taxes. The Company follows the accounting guidance which provides that a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, based on the technical merits. Income tax positions must meet a more-likely-than-not recognition threshold at the effective date to be recognized initially and in subsequent periods. Also included is guidance on measurement, derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive income |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-based compensation |
Beneficial Conversion Feature On Convertible Debentures [Policy Text Block] | Beneficial conversion features on convertible debentures |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair value of financial instruments Level 1 - Quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities. Level 2 - Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Inputs are used in applying the various valuation techniques and broadly refer to the assumptions that market participants use to make valuation decisions, including assumptions about risk. An investment’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes “observable” requires significant judgment by the Company. Management considers observable data to be market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, provided by multiple, independent sources that are actively involved in the relevant market. The categorization of an investment within the hierarchy is based upon the pricing transparency of the investment and does not necessarily correspond to the Company’s perceived risk of that investment. At March 31, 2016, and December 31, 2015, the carrying amount of cash, accounts receivable, accounts receivable related parties, customer deposits and unearned revenue, royalties payable related parties, other liabilities, other liabilities and accrued interest related parties, notes payable, notes payable related parties, and accounts payable and accrued liabilities approximate fair value because of the short maturity of these instruments. |
Earnings Per Share, Policy [Policy Text Block] | Earnings per common share 5,529,699 |
New Accounting Pronouncements, Policy [Policy Text Block] |
INVENTORY (Tables)
INVENTORY (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventory, Current [Table Text Block] | Inventory consists of the following as of: March 31, December 31, Raw materials $ 409,910 $ 422,115 Work in process Finished goods 240,814 232,098 $ 650,724 $ 654,213 |
PREPAID EXPENSES AND OTHER CU26
PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Prepaid Expenses And other Current Asset Abstract [Abstract] | |
Schedule Of Prepaid Expenses And Other Current Assets [Table Text Block] | March 31, December 31, Prepaid inventory $ 27,674 $ 42,076 Prepaid insurance 14,466 8,819 Prepaid other current assets 16,090 7,117 $ 58,230 $ 58,012 |
PROPERTY AND EQUIPMENT, NET (Ta
PROPERTY AND EQUIPMENT, NET (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment [Table Text Block] | Property and equipment consists of the following as of: March 31, December 31, Factory and office equipment $ 62,633 $ 62,633 Tooling 59,149 59,149 Computer equipment and software 23,932 23,932 Vehicles 44,160 44,160 Leasehold improvements 43,779 43,779 233,653 233,653 Less: accumulated depreciation and amortization (156,920) (147,941) $ 76,733 $ 85,712 |
RELATED PARTIES TRANSACTIONS (T
RELATED PARTIES TRANSACTIONS (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions [Table Text Block] | Notes payable related parties consists of the following at March 31, 2016 and December 31, 2015: March 31, December 31, 2016 2015 Promissory note payable to Chief Executive Officer, unsecured, payable in twelve monthly principal payments of $2,250 beginning June 15, 2015, with interest at 10% per annum with payments monthly in shares of stock based on the monthly weighted average price of the stock, maturing May 15, 2016. $ 8,848 $ 11,098 Less amounts due within one year (8,848) (11,098) Long-term portion of notes payable $ $ 8,848 $ 11,098 |
Schedule Of Other Liabilities And Accrued Interest Related Party [Table Text Block] | March 31, December 31, 2016 2015 Year-end 2012 bonus payable to Chief Executive Officer(1) $ 67,000 $ 67,000 Year-end 2012 bonus payable to employee(1) 17,500 17,500 $ 84,500 $ 84,500 (1) See Note 17. SUBSEQUENT EVENTS |
ACCOUNTS PAYABLE AND ACCRUED 29
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Payables and Accruals [Abstract] | |
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block] | Accounts payable and accrued liabilities consists of the following as of: March 31, December 31, 2016 2015 Accounts payable trade $ 94,862 $ 59,916 Accrued payroll & fringe benefits 39,796 27,245 Accrued year-end bonuses 45,000 45,000 Accrued payroll taxes & withholding 30,087 36,520 Accrued interest 153,657 181,265 $ 363,402 $ 349,946 |
OTHER LIABILITIES (Tables)
OTHER LIABILITIES (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Other Liabilities Disclosure [Abstract] | |
Other Current Liabilities [Table Text Block] | Other liabilities consist of the following as of: March 31, December 31, Short-term loans $ 210,784 $ 215,782 Asset purchase agreement payable 12,857 12,857 On-line training liability 2,505 2,912 $ 226,146 $ 231,551 |
NOTES PAYABLE (Tables)
NOTES PAYABLE (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Notes Payable Disclosure [Abstract] | |
Schedule Of Notes Payable [Table Text Block] | Notes payable consists of the following as of March 31, 2016 and December 31, 2015: March 31, December 31, 2016 2015 Promissory note payable, secured by vehicle underlying loan having carrying value of $13,206 and $17,760 at March 31, 2016 and December 31, 2015, respectively, bearing interest at 1.9% per annum, due in monthly principal and interest payments of $523, maturing on December 5, 2017 $ 10,718 $ 12,232 Less amounts due within one year (6,128) (6,099) Long-term portion of notes payable $ 4,590 $ 6,133 |
Schedule Of Principal Payments On Notes Payable [Table Text Block] | As of March 31, 2016, principal payments on the notes payable are as follows: 2016 $ 4,585 2017 6,133 2018 2019 2020 Thereafter $ 10,718 |
CONVERTIBLE DEBENTURES (Tables)
CONVERTIBLE DEBENTURES (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Convertible Debentures [Abstract] | |
Schedule Of Convertible Debentures [Table Text Block] | March 31, March 31, December 31, December 31, 2016 2016 2015 2015 Origination Maturity Interest Origination Origination Debenture Accrued Debenture Accrued Date Date Rate Principal Discount Balance Interest Balance Interest Ref. 11/27/2010 5/27/2011 10 % 125,000 (53,571) $ $ $ 58,750 $ 34,709 (1) 5/3/2011 5/5/2012 5 % 300,000 (206,832) 300,000 147,500 300,000 140,000 (2) 8/31/2011 8/31/2013 5 % 10,000 (4,286) 10,000 2,309 10,000 2,183 (3) 2/10/2012 2/10/2014 10 % 5,500 472 216 (4) 2/10/2012 2/10/2014 10 % 39,724 2,743 3,848 2,743 4,158 (4) $ 312,743 $ 153,657 $ 371,965 $ 181,266 Reference numbers in right hand column of table entitled Ref. refer to paragraphs with corresponding numbers that immediately follow this paragraph. (1) The Company purchased in exchange for convertible debenture exclusive rights for license of certain intellectual property from an unrelated party. The parties agreed to a royalty of 2.5 May 27, 2011 30 53,517 71,483 On February 10, 2012, the holder of this debenture entered into an agreement with a third party to sell/assign the $ 125,000 7,500 11,750 11,750 125,000 (2) On May 3, 2011, the Company borrowed $ 300,000 10 30 300,000 600,000 337.50 472.50 206,832 45,000 (3) The Company borrowed $ 10,000 30 4,286 (4) The Company entered into three new debenture agreements upon sale or assignment by the original lender. Because the stated terms of the new debenture agreement and principal amounts were significantly different from the original debenture, including analysis of the value of the beneficial conversion feature at the assignment or purchase date, the transactions are treated as extinguishment of the old debentures and recorded as new for accounting purposes. |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Future minimum rental payments required under our operating lease agreement are as follows: Year 1 $ 48,000 Year 2 24,000 Year 3 Year 4 Year 5 $ 72,000 |
DESCRIPTION OF BUSINESS AND S34
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Significant Accounting Policies [Line Items] | ||
Marketing and Advertising Expense | $ 1,997 | $ 1,454 |
Percentage Of Minimum Deposit For Custom and Large Tank Fill Systems | 50.00% | |
Percentage Of Restocking Fees | 15.00% | |
Potentially Dilutive Securities Included Earnings Per Share | 5,529,699 | 5,529,699 |
Minimum [Member] | Furniture and Fixtures [Member] | ||
Significant Accounting Policies [Line Items] | ||
Property, Plant and Equipment, Useful Life | 3 years | |
Maximum [Member] | Furniture and Fixtures [Member] | ||
Significant Accounting Policies [Line Items] | ||
Property, Plant and Equipment, Useful Life | 5 years |
INVENTORY (Details)
INVENTORY (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Inventory [Line Items] | ||
Raw materials | $ 409,910 | $ 422,115 |
Work in process | 0 | 0 |
Finished goods | 240,814 | 232,098 |
Inventory | $ 650,724 | $ 654,213 |
PREPAID EXPENSES AND OTHER CU36
PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule Of Prepaid expenses and Other Current Assets [Line Items] | ||
Prepaid inventory | $ 27,674 | $ 42,076 |
Prepaid insurance | 14,466 | 8,819 |
Prepaid other current assets | 16,090 | 7,117 |
Prepaid Expense and Other Assets, Current | $ 58,230 | $ 58,012 |
PROPERTY AND EQUIPMENT, NET (De
PROPERTY AND EQUIPMENT, NET (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | $ 233,653 | $ 233,653 |
Less: accumulated depreciation and amortization | (156,920) | (147,941) |
Property Plant and Equipment, Net | 76,733 | 85,712 |
Factory And Office Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | 62,633 | 62,633 |
Tooling [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | 59,149 | 59,149 |
Computer Equipment And Software [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | 23,932 | 23,932 |
Vehicles [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | 44,160 | 44,160 |
Leasehold Improvements [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Property, Plant and Equipment, Gross | $ 43,779 | $ 43,779 |
OTHER ASSETS (Details Textual)
OTHER ASSETS (Details Textual) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Other Assets [Line Items] | ||
Other Assets, Noncurrent | $ 6,649 | $ 6,649 |
CUSTOMER CREDIT CONCENTRATIONS
CUSTOMER CREDIT CONCENTRATIONS (Details Textual) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Sales Revenue, Goods, Net [Member] | Related Party [Member] | ||
Customer Credit Concentrations [Line Items] | ||
Concentration Risk, Percentage | 28.11% | 36.69% |
RELATED PARTIES TRANSACTIONS (D
RELATED PARTIES TRANSACTIONS (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Related Party Transaction [Line Items] | ||
Promissory note payable to Chief Executive Officer, unsecured, payable in twelve monthly principal payments of $2,250 beginning June 15, 2015, with interest at 10% per annum with payments monthly in shares of stock based on the monthly weighted average price of the stock, maturing May 15, 2016. | $ 8,848 | $ 11,098 |
Less amounts due within one year | (8,848) | (11,098) |
Long-term portion of notes payable | 0 | 0 |
Notes Payable, Related Parties, Current | $ 8,848 | $ 11,098 |
RELATED PARTIES TRANSACTIONS 41
RELATED PARTIES TRANSACTIONS (Details 1) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | |
Related Party Transaction [Line Items] | |||
Other liabilities - related parties | $ 84,500 | $ 84,500 | |
Chief Executive Officer [Member] | |||
Related Party Transaction [Line Items] | |||
Year-end 2012 bonus payable to Chief Executive Officer | [1] | 67,000 | 67,000 |
Employee [Member] | |||
Related Party Transaction [Line Items] | |||
Year-end 2012 bonus payable to employee | [1] | $ 17,500 | $ 17,500 |
[1] | See Note 17. SUBSEQUENT EVENTS |
RELATED PARTIES TRANSACTIONS 42
RELATED PARTIES TRANSACTIONS (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||
May. 31, 2013 | May. 02, 2013 | Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | Dec. 31, 2012 | Apr. 22, 2015 | |
Related Party Transaction [Line Items] | |||||||
Revenue, Net | $ 391,373 | $ 464,508 | |||||
Percentage Of Restrictions On Common Stock | 10.00% | ||||||
Stock Issuable During Period Shares Share Based Compensation | 1,852 | ||||||
Stock Value Payable During Period Shares Share Based Compensation | $ 2,250 | ||||||
Percentage Of Gross Revenues Per Quarter | 2.50% | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.90% | 1.90% | |||||
Conversion of accrued interest on note payable related party to stock | $ 73 | 0 | |||||
Due to Employees | 8,848 | $ 11,098 | |||||
Brownies Southport Divers Inc [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Related Party Transaction, Purchases from Related Party | 21,496 | 12,981 | |||||
Brownie Palm Beach Divers [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Related Party Transaction, Purchases from Related Party | 8,083 | 4,678 | |||||
Brownies Yacht Toys [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Related Party Transaction, Purchases from Related Party | 14,035 | 15,221 | |||||
940 Associates Inc [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Related Party Transaction, Purchases from Related Party | 0 | 0 | |||||
Brownies Global Logistics LLC [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Related Party Transaction, Purchases from Related Party | 180 | 6,443 | |||||
Purdon [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Share-based Compensation, Total | 13,500 | 13,500 | |||||
Robert Carmichael [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Conversion of accrued interest on note payable related party to stock | $ 73 | ||||||
Conversion of accrued interest on convertible debentures to stock | 16,052 | ||||||
Due to Employees | $ 27,000 | ||||||
3D Buoy [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Related Party Transaction, Purchases from Related Party | $ 2,146 | $ 1,948 | |||||
Chief Executive Officer [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Stock Incentive Bonus Value Of Shares Awarded | $ 45,000 | $ 61,852 | |||||
Debt Instrument, Collateral Amount | $ 2,250 | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ||||||
Chief Executive Officer [Member] | Brownies Southport Divers Inc + Brownie Palm Beach Divers + Brownies Yacht Toys [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Revenue, Net | $ 109,423 | 156,637 | |||||
Chief Executive Officer [Member] | Brownies Global Logistics LLC [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Revenue, Net | $ 589 | $ 13,806 | |||||
Board of Directors [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Declaration Of Bonus | 129,500 | ||||||
Stock Incentive Bonus Value Of Shares Awarded | $ 17,500 |
ACCOUNTS PAYABLE AND ACCRUED 43
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Accounts Payable and Accrued Liabilities [Line Items] | ||
Accounts payable trade | $ 94,862 | $ 59,916 |
Accrued payroll & fringe benefits | 39,796 | 27,245 |
Accrued year-end bonuses | 45,000 | 45,000 |
Accrued payroll taxes & withholding | 30,087 | 36,520 |
Accrued interest | 153,657 | 181,265 |
Accounts Payable and Accrued Liabilities, Total | $ 363,402 | $ 349,946 |
OTHER LIABILITIES (Details)
OTHER LIABILITIES (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Other Liabilities [Line Items] | ||
Short-term loans | $ 210,784 | $ 215,782 |
Asset purchase agreement payable | 12,857 | 12,857 |
On-line training liability | 2,505 | 2,912 |
Other Liabilities, Current | $ 226,146 | $ 231,551 |
OTHER LIABILITIES (Details Text
OTHER LIABILITIES (Details Textual) | 3 Months Ended |
Mar. 31, 2016USD ($) | |
Other Liabilities [Line Items] | |
Online Training Liability Historical Redemption Rate | 10.00% |
Proceeds Towards Settlement Of Convertible Debentures | $ 200,000 |
NOTES PAYABLE (Details)
NOTES PAYABLE (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Long-term Debt, by Category, Current and Noncurrent [Line Items] | ||
Long-term portion of notes payable | $ 4,590 | $ 6,133 |
Less amounts due within one year | (6,128) | (6,099) |
Notes Payable | $ 10,718 | $ 12,232 |
NOTES PAYABLE (Details 1)
NOTES PAYABLE (Details 1) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Long-term Debt, by Category, Current and Noncurrent [Line Items] | ||
Notes Payable | $ 10,718 | $ 12,232 |
Notes Payable [Member] | ||
Long-term Debt, by Category, Current and Noncurrent [Line Items] | ||
2,016 | 4,585 | |
2,017 | 6,133 | |
2,018 | 0 | |
2,019 | 0 | |
2,020 | 0 | |
Thereafter | 0 | |
Notes Payable | $ 10,718 |
NOTES PAYABLE (Details Textual)
NOTES PAYABLE (Details Textual) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Long-term Debt, by Category, Current and Noncurrent [Line Items] | ||
Debt Instrument, Interest Rate, Stated Percentage | 1.90% | 1.90% |
Maturity Date | Dec. 5, 2017 | Dec. 5, 2017 |
Debt Instrument, Payment Terms | due in monthly principal and interest payments of $523 | due in monthly principal and interest payments of $523 |
Secured Long-term Debt, Noncurrent | $ 13,206 | $ 17,760 |
CONVERTIBLE DEBENTURES (Details
CONVERTIBLE DEBENTURES (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2016 | Dec. 31, 2015 | Feb. 10, 2012 | |||
Convertible Debentures [Line Items] | |||||
Maturity Date | Dec. 5, 2017 | Dec. 5, 2017 | |||
Debenture Balance | $ 312,743 | $ 371,965 | |||
Accrued Interest | $ 153,657 | 181,266 | |||
Convertible Debentures Maturity Date 5/27/2011 [Member] | |||||
Convertible Debentures [Line Items] | |||||
Origination Date | [1] | Nov. 27, 2010 | |||
Maturity Date | [1] | May 27, 2011 | |||
Interest Rate | [1] | 10.00% | |||
Origination Principal Balance | $ 125,000 | [1] | $ 125,000 | ||
Origination Discount Balance | [1] | (53,571) | |||
Debenture Balance | [1] | 0 | 58,750 | ||
Accrued Interest | [1] | $ 0 | 34,709 | ||
Convertible Debentures Maturity Date 5/5/2012 [Member] | |||||
Convertible Debentures [Line Items] | |||||
Origination Date | [2] | May 3, 2011 | |||
Maturity Date | [2] | May 5, 2012 | |||
Interest Rate | [2] | 5.00% | |||
Origination Principal Balance | [2] | $ 300,000 | |||
Origination Discount Balance | [2] | (206,832) | |||
Debenture Balance | [2] | 300,000 | 300,000 | ||
Accrued Interest | [2] | $ 147,500 | 140,000 | ||
Convertible Debentures Maturity Date 8/31/2013 [Member] | |||||
Convertible Debentures [Line Items] | |||||
Origination Date | [3] | Aug. 31, 2011 | |||
Maturity Date | [3] | Aug. 31, 2013 | |||
Interest Rate | [3] | 5.00% | |||
Origination Principal Balance | [3] | $ 10,000 | |||
Origination Discount Balance | [3] | (4,286) | |||
Debenture Balance | [3] | 10,000 | 10,000 | ||
Accrued Interest | [3] | $ 2,309 | 2,183 | ||
Convertible Debentures Maturity Date 2/10/2014 [Member] | |||||
Convertible Debentures [Line Items] | |||||
Origination Date | [4] | Feb. 10, 2012 | |||
Maturity Date | [4] | Feb. 10, 2014 | |||
Interest Rate | [4] | 10.00% | |||
Origination Principal Balance | [4] | $ 5,500 | |||
Origination Discount Balance | [4] | 0 | |||
Debenture Balance | [4] | 0 | 472 | ||
Accrued Interest | [4] | $ 0 | 216 | ||
Convertible Debentures Maturity Date 2/10/2014 One [Member] | |||||
Convertible Debentures [Line Items] | |||||
Origination Date | [4] | Feb. 10, 2012 | |||
Maturity Date | [4] | Feb. 10, 2014 | |||
Interest Rate | [4] | 10.00% | |||
Origination Principal Balance | [4] | $ 39,724 | |||
Origination Discount Balance | [4] | 0 | |||
Debenture Balance | [4] | 2,743 | 2,743 | ||
Accrued Interest | [4] | $ 3,848 | $ 4,158 | ||
[1] | The Company purchased in exchange for convertible debenture exclusive rights for license of certain intellectual property from an unrelated party. The parties agreed to a royalty of 2.5% of net revenues generated from the sale, sub-license or use of the technology or a reasonable negotiated rate based on similar invention. The debenture was convertible to common shares of the Company at May 27, 2011, along with accrued interest at the option of the lender. Conversion price per share is 30% discount as determined from the weighted average of the preceding 12 trading days’ closing market price. The Company valued the BCF of the convertible debenture at $53,517, its intrinsic value. The Company accreted the discount to the convertible debenture and will recognize interest expense through repayment in full or conversion. Because there was no assurance of success and the invention was still in design and pre-prototype phase, the Company recorded the initial net value of the debenture, $71,483, as research and development expense during the year ended 2010. Both parties agreed to confidentiality regarding the invention during the pre-prototype stage. In addition, the Company agreed to provide the licensor with design services, as well as assist in completing the prototype and initial production at the Company’s prevailing wholesale rate for comparable services. On February 10, 2012, the holder of this debenture entered into an agreement with a third party to sell/assign the $125,000 principal balance, plus accrued interest. The purchase was to be in installments with transfer/assignment of the debenture upon payment, referred to as “Closings”. The first Closing was on or about February 15, 2012 for $7,500, with that amount assigned/transferred. The second Closing, occurred 90 days after the first closing for $11,750 paid/assigned. All subsequent Closings were to be for $11,750 and occur in 30 day increments after the second Closing. This was to continue until the full principal balance of $125,000, plus accrued interest is purchased or assigned. The holder of the convertible note has voluntarily dissolved and ceased operation. In February 2016 both parties agreed to cancel the agreement and all remaining principal and interest balances. | ||||
[2] | On May 3, 2011, the Company borrowed $300,000 in exchange for a convertible debenture. The Debenture bears 10% interest per annum. The lender may at any time convert any portion of the debenture to common shares at a 30% discount of the “Market Price” of the stock based on the average of the previous ten (10) days weighted average closing prices on the date prior to the notice of conversion. The Company may prepay the debenture plus accrued interest at any time before maturity. In addition, as further inducement for loaning the Company the funds, the Company granted the lender 300,000 and 600,000 warrants at $337.50 and $472.50 per share (after restatement for 1 for -1,350- reverse stock split), respectively. As a result, the Company allocated fair market value (“FMV”) to both the BCF and to the warrants, or $206,832, which was recorded as a discount against the debenture. The Company accreted the discount to the convertible debenture through maturity and will accrue interest expense until paid in full or converted. Before discount, the Company determined the FMV of the warrants as $45,000 using the Black-Scholes valuation model. | ||||
[3] | The Company borrowed $10,000 in exchange for a convertible debenture. The lender at their option may convert all or part of the note plus accrued interest into common stock at a price of thirty percent (30%) discount as determined from the average four (4) highest closing bid prices over the preceding five (5) trading days. The Company valued the BCF of the convertible debenture at $4,286, which was accreted to interest expense. | ||||
[4] | The Company entered into three new debenture agreements upon sale or assignment by the original lender. Because the stated terms of the new debenture agreement and principal amounts were significantly different from the original debenture, including analysis of the value of the beneficial conversion feature at the assignment or purchase date, the transactions are treated as extinguishment of the old debentures and recorded as new for accounting purposes. |
CONVERTIBLE DEBENTURES (Detai50
CONVERTIBLE DEBENTURES (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Feb. 29, 2012 | May. 03, 2011 | Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | Feb. 10, 2012 | |||
Convertible Debentures [Line Items] | ||||||||
Percentage Of Royalty On Revenue | 2.50% | |||||||
Percentage Of Discount On Conversion Price | 30.00% | |||||||
Research and development costs | $ 1,352 | $ 7,787 | ||||||
Debt Instrument, Maturity Date | Dec. 5, 2017 | Dec. 5, 2017 | ||||||
Convertible Debenture One [Member] | ||||||||
Convertible Debentures [Line Items] | ||||||||
Debt Instrument, Convertible, Beneficial Conversion Feature | $ 53,517 | |||||||
Research and development costs | 71,483 | |||||||
Long-term Debt, Gross | $ 7,500 | |||||||
Debt Instrument Transfer Or Assignment In Second Closing | $ 11,750 | |||||||
Debt Instrument Transfer Or Assignment In Subsequent Closing | $ 11,750 | |||||||
Origination Principal Balance | $ 125,000 | [1] | $ 125,000 | |||||
Debt Instrument, Maturity Date | [1] | May 27, 2011 | ||||||
Convertible Debenture Two [Member] | ||||||||
Convertible Debentures [Line Items] | ||||||||
Percentage Of Discount On Conversion Price | 30.00% | |||||||
Convertible Debenture Issued | $ 300,000 | |||||||
Debenture Discount | 206,832 | |||||||
Convertible Debenture Issued | $ 45,000 | |||||||
Maximum Conversion Percentage For Debenture At Any One Time | 10.00% | |||||||
Stockholders Equity, Reverse Stock Split | 1 for -1,350 | |||||||
Convertible Debenture Two [Member] | Warrant One [Member] | ||||||||
Convertible Debentures [Line Items] | ||||||||
Convertible Debenture Issued | $ 300,000 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 337.50 | |||||||
Convertible Debenture Two [Member] | Warrant Two [Member] | ||||||||
Convertible Debentures [Line Items] | ||||||||
Convertible Debenture Issued | $ 600,000 | |||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ 472.50 | |||||||
Convertible Debenture Three [Member] | ||||||||
Convertible Debentures [Line Items] | ||||||||
Percentage Of Discount On Conversion Price | 30.00% | |||||||
Convertible Debenture Issued | $ 10,000 | |||||||
Debenture Discount | 4,286 | |||||||
Origination Principal Balance | [2] | $ 300,000 | ||||||
Debt Instrument, Maturity Date | [2] | May 5, 2012 | ||||||
[1] | The Company purchased in exchange for convertible debenture exclusive rights for license of certain intellectual property from an unrelated party. The parties agreed to a royalty of 2.5% of net revenues generated from the sale, sub-license or use of the technology or a reasonable negotiated rate based on similar invention. The debenture was convertible to common shares of the Company at May 27, 2011, along with accrued interest at the option of the lender. Conversion price per share is 30% discount as determined from the weighted average of the preceding 12 trading days’ closing market price. The Company valued the BCF of the convertible debenture at $53,517, its intrinsic value. The Company accreted the discount to the convertible debenture and will recognize interest expense through repayment in full or conversion. Because there was no assurance of success and the invention was still in design and pre-prototype phase, the Company recorded the initial net value of the debenture, $71,483, as research and development expense during the year ended 2010. Both parties agreed to confidentiality regarding the invention during the pre-prototype stage. In addition, the Company agreed to provide the licensor with design services, as well as assist in completing the prototype and initial production at the Company’s prevailing wholesale rate for comparable services. On February 10, 2012, the holder of this debenture entered into an agreement with a third party to sell/assign the $125,000 principal balance, plus accrued interest. The purchase was to be in installments with transfer/assignment of the debenture upon payment, referred to as “Closings”. The first Closing was on or about February 15, 2012 for $7,500, with that amount assigned/transferred. The second Closing, occurred 90 days after the first closing for $11,750 paid/assigned. All subsequent Closings were to be for $11,750 and occur in 30 day increments after the second Closing. This was to continue until the full principal balance of $125,000, plus accrued interest is purchased or assigned. The holder of the convertible note has voluntarily dissolved and ceased operation. In February 2016 both parties agreed to cancel the agreement and all remaining principal and interest balances. | |||||||
[2] | On May 3, 2011, the Company borrowed $300,000 in exchange for a convertible debenture. The Debenture bears 10% interest per annum. The lender may at any time convert any portion of the debenture to common shares at a 30% discount of the “Market Price” of the stock based on the average of the previous ten (10) days weighted average closing prices on the date prior to the notice of conversion. The Company may prepay the debenture plus accrued interest at any time before maturity. In addition, as further inducement for loaning the Company the funds, the Company granted the lender 300,000 and 600,000 warrants at $337.50 and $472.50 per share (after restatement for 1 for -1,350- reverse stock split), respectively. As a result, the Company allocated fair market value (“FMV”) to both the BCF and to the warrants, or $206,832, which was recorded as a discount against the debenture. The Company accreted the discount to the convertible debenture through maturity and will accrue interest expense until paid in full or converted. Before discount, the Company determined the FMV of the warrants as $45,000 using the Black-Scholes valuation model. |
AUTHORIZATION OF PREFERRED ST51
AUTHORIZATION OF PREFERRED STOCK (Details Textual) - shares | 3 Months Ended | ||
Mar. 31, 2016 | Dec. 31, 2015 | Jun. 30, 2010 | |
AUTHORIZATION OF PREFERRED STOCK [Line Items] | |||
Preferred stock, shares authorized | 10,000,000 | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 425,000 | 425,000 | |
Preferred Stock, Voting Rights | 250 to 1 | ||
Percentage of Voting Rights | 55.00% | ||
Series A Convertible Preferred Stock [Member] | |||
AUTHORIZATION OF PREFERRED STOCK [Line Items] | |||
Convertible Preferred Stock, Shares Issued upon Conversion | 31,481 |
COMMITMENTS AND CONTINGENCIES52
COMMITMENTS AND CONTINGENCIES (Details) | Mar. 31, 2016USD ($) |
Commitments and Contingencies [Line Items] | |
year 1 | $ 48,000 |
year 2 | 24,000 |
year 3 | 0 |
year 4 | 0 |
year 5 | 0 |
Operating Leases, Future Minimum Payments Due, Total | $ 72,000 |
COMMITMENTS AND CONTINGENCIES53
COMMITMENTS AND CONTINGENCIES (Details Textual) - USD ($) | Aug. 14, 2014 | Jun. 30, 2013 | Mar. 31, 2016 | Mar. 31, 2015 |
Commitments and Contingencies [Line Items] | ||||
Security Deposit | $ 5,367 | |||
Operating Leases, Rent Expense, Minimum Rentals | 4,000 | |||
Operating Leases, Rent Expense | $ 2,000 | |||
Percentage Of Annual Operating Expenses | 10.76% | |||
Operating Leases, Rent Expense, Net, Total | $ 12,000 | $ 12,000 | ||
Maximum [Member] | ||||
Commitments and Contingencies [Line Items] | ||||
Loss Contingency, Damages Paid, Value | $ 1,000,000 | |||
Plaintiff [Member] | ||||
Commitments and Contingencies [Line Items] | ||||
Loss Contingency, Damages Paid, Value | $ 1,000,000 |
EQUITY INCENTIVE PLAN (Details
EQUITY INCENTIVE PLAN (Details Textual) - shares | 1 Months Ended | 12 Months Ended |
Aug. 22, 2007 | Dec. 31, 2013 | |
Equity Incentive Plan [Line Items] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 5,185 | |
Equity Incentive Plan [Member] | ||
Equity Incentive Plan [Line Items] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period | 297 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 75 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 297 |
EQUITY BASED INCENTIVE_RETENT55
EQUITY BASED INCENTIVE/RETENTION BONUSES (Details Textual) - USD ($) | 1 Months Ended | 12 Months Ended | ||
May. 02, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 02, 2012 | |
Equity Based Incentive Retention Bonus [Line Items] | ||||
Stock Incentive Bonus | $ 75,100 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 61,852 | |||
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross | 5,185 | |||
Chief Executive Officer [Member] | ||||
Equity Based Incentive Retention Bonus [Line Items] | ||||
Stock Incentive Bonus Value Of Shares Awarded | $ 45,000 | $ 61,852 | ||
Stock Incentive Bonus Number Of Shares Awarded | 37,038 | |||
Related Party Employee [Member] | ||||
Equity Based Incentive Retention Bonus [Line Items] | ||||
Stock Incentive Bonus Value Of Shares Awarded | $ 2,250 | |||
Stock Incentive Bonus Number Of Shares Awarded | 1,854 |
INTEREST EXPENSE NON-RELATED 56
INTEREST EXPENSE NON-RELATED PARTIES AND OTHER EXPENSE (INCOME), NET (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Interest Expense, Non Related Party | $ 7,759 | $ 9,277 |
Royalty Income, Nonoperating | 14,970 | 3,471 |
Other (income) expense, net | (26,403) | 3,984 |
Other Income | 2,124 | |
Legal Fees | 11,379 | |
Other Expenses | 528 | |
Other Operating Income (Expense), Net | 120,241 | |
Gain (Loss) on Disposition of Property Plant Equipment | 1,800 | |
Induced Conversion of Convertible Debt Expense | 93,838 | |
Other Nonoperating Expense | 5,723 | |
Convertible Debentures [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Interest Expense, Debt | 7,703 | 9,177 |
Notes Payable [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Interest Expense, Debt | $ 56 | $ 100 |
SUBSEQUENT EVENTS (Details Text
SUBSEQUENT EVENTS (Details Textual) - USD ($) | 1 Months Ended | |||
Apr. 15, 2016 | Apr. 29, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | |
Subsequent Event [Line Items] | ||||
Common Stock, Shares, Outstanding | 86,841,190 | 86,825,138 | ||
Subsequent Event [Member] | ||||
Subsequent Event [Line Items] | ||||
Common Stock, Shares, Outstanding | 58,617,938 | |||
Subsequent Event [Member] | Purdon [Member] | ||||
Subsequent Event [Line Items] | ||||
Treasury Stock, Shares, Retired | 28,403,252 | |||
Stock Issued During Period, Shares, New Issues | 180,000 | |||
Subsequent Event [Member] | Purdon [Member] | Deferred Bonus [Member] | ||||
Subsequent Event [Line Items] | ||||
Deferred Compensation Arrangement with Individual, Recorded Liability | $ 129,500 |