Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 15-May-14 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'SOLAR3D, INC. | ' |
Document Type | '10-Q | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 289,926,161 |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001172631 | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Period End Date | 31-Mar-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Current Assets | ' | ' |
Cash and cash equivalents | $343,503 | $10,422 |
Accounts receivable | 1,184,053 | 0 |
Cost in excess of billing | 74,198 | 0 |
Prepaid expense | 946 | 4,862 |
Other asset | 43,426 | 0 |
Total Current Assets | 1,646,126 | 15,284 |
Property and Equipment, at cost | ' | ' |
Equipment, computer, software, furniture & fixtures, and automotives | 97,775 | 79,705 |
Less accumulated depreciation | -81,117 | -72,971 |
Net Property and Equipment | 16,658 | 6,734 |
Other Assets | ' | ' |
Other deposits | 7,000 | 2,000 |
Patents | 23,161 | 23,161 |
Goodwill | 2,520,381 | 0 |
Total Other Assets | 2,550,542 | 25,161 |
Total Assets | 4,213,326 | 47,179 |
Current Liabilities: | ' | ' |
Accounts payable | 619,488 | 73,791 |
Accrued expenses | 213,971 | 82,950 |
Billing in excess of cost and estimated earnings | 761,076 | 0 |
Customer deposits | 56,822 | 0 |
Other payable | 2,102 | 0 |
Derivative liability | 3,956,192 | 2,822,430 |
Convertible promissory notes, net of beneficial conversion feature of $965,426 | 159,574 | 0 |
Convertible promissory notes, net of debt discount of $1,193,292 and $204,020, respectively | 558,424 | 515,397 |
Total Current Liabilities | 6,327,649 | 3,494,568 |
Shareholders' Deficit | ' | ' |
Preferred stock, $.001 par value; 5,000,000 authorized shares; | 0 | 0 |
Common stock, $.001 par value; 1,000,000,000 authorized shares; 283,667,415 and 213,290,259 shares issued and outstanding, respectively | 283,665 | 213,289 |
Additional paid in capital | 17,587,055 | 12,286,429 |
Accumulated Deficit | -19,985,043 | -15,947,107 |
Total Shareholders' Deficit | -2,114,323 | -3,447,389 |
Total Liabilities and Shareholders' Deficit | $4,213,326 | $47,179 |
BALANCE_SHEETS_Parentheticals
BALANCE SHEETS (Parentheticals) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Convertible promissory notes, beneficial conversion feature (in Dollars) | $965,426 | ' |
Convertible promissory notes, discount (in Dollars) | $1,193,292 | $204,020 |
Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Common stock, par value (in Dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 283,667,415 | 213,290,259 |
Common stock, shares outstanding | 283,667,415 | 213,290,259 |
STATEMENTS_OF_OPERATIONS_Unaud
STATEMENTS OF OPERATIONS (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
Sales | $1,047,415 | $0 |
Cost of Goods Sold | 772,057 | 0 |
Gross Profit | 275,358 | 0 |
Operating Expenses | ' | ' |
Selling and marketing expenses | 185,480 | 0 |
General and administrative expenses | 955,449 | 290,991 |
Research and development cost | 28,839 | 23,723 |
Depreciation and amortization | 1,297 | 563 |
Total Operating Expenses | 1,171,065 | 315,277 |
Loss before Other Income/(Expenses) | -895,707 | -315,277 |
Other Income/(Expenses) | ' | ' |
Interest and other income | 114 | 0 |
Gain on settlement of debt | 47,222 | 0 |
Loss on change in fair value of derivative liability | -1,885,854 | 331,720 |
Interest expense | -1,303,711 | -114,688 |
Total Other Income/(Expenses) | -3,142,229 | 217,032 |
Net Loss | ($4,037,936) | ($98,245) |
BASIC LOSS PER SHARE (in Dollars per share) | ($0.02) | $0 |
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED (in Shares) | 246,329,641 | 142,015,134 |
STATEMENTS_OF_STOCKHOLDERS_EQU
STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total |
Balance at Dec. 31, 2013 | $0 | $213,289 | $12,286,429 | ($15,947,107) | ($3,447,389) |
Balance (in Shares) at Dec. 31, 2013 | 0 | 213,290,259 | ' | ' | ' |
Issuance of common stock for conversion of promissory notes, plus accrued interest | ' | 66,149 | 3,197,180 | ' | 3,263,329 |
Issuance of common stock for conversion of promissory notes, plus accrued interest (in Shares) | ' | 66,149,177 | ' | ' | ' |
Issuance of common stock for cashless exercise of stock options | ' | 227 | -227 | ' | ' |
Issuance of common stock for cashless exercise of stock options (in Shares) | ' | 227,979 | ' | ' | ' |
Issuance of restricted common stock for services | ' | 4,000 | 184,000 | ' | 188,000 |
Issuance of restricted common stock for services (in Shares) | ' | 4,000,000 | ' | ' | ' |
Beneficial conversion feature | ' | ' | 1,750,000 | ' | 1,750,000 |
Stock compensation cost | ' | ' | 169,673 | ' | 169,673 |
Net loss for the three months ended March 31, 2014 | ' | ' | ' | -4,037,936 | -4,037,936 |
Balance at Mar. 31, 2014 | $0 | $283,665 | $17,587,055 | ($19,985,043) | ($2,114,323) |
Balance (in Shares) at Mar. 31, 2014 | 0 | 283,667,415 | ' | ' | ' |
STATEMENTS_OF_CASH_FLOWS_Unaud
STATEMENTS OF CASH FLOWS (Unaudited) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' |
Net loss | ($4,037,936) | ($98,245) |
Adjustments to reconcile net loss to net cash used in operating activities | ' | ' |
Depreciation and amortization | 1,297 | 563 |
Stock Compensation Cost | 357,673 | 147,393 |
(Gain)/loss on change in derivative liability | 1,885,854 | -331,720 |
Amortization of debt discount and OID recognized as interest | 1,260,303 | 106,505 |
(Gain)/loss on settlement of debt | -47,222 | 0 |
(Increase) Decrease in: | ' | ' |
Accounts receivable | -617,452 | 0 |
Prepaid expenses | 69,244 | 1,640 |
Other assets | 500 | 0 |
Increase (Decrease) in: | ' | ' |
Accounts payable | 57,258 | 22,796 |
Accrued expenses | -77,470 | 8,182 |
Other liabilities | 591,559 | 0 |
NET CASH USED IN OPERATING ACTIVITIES | -556,392 | -142,886 |
NET CASH FLOWS USED IN INVESTING ACTIVITIES: | ' | ' |
Cash paid for acquisition | -1,061,750 | 0 |
Purchase of property and equipment | -3,838 | 0 |
Expenditures for intangible assets | 0 | -18,925 |
NET CASH USED IN INVESTING ACTIVITIES | -1,065,588 | -18,925 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' |
Cash received from subsidiary | 490,061 | 0 |
Proceeds from convertible promissory note | 1,465,000 | 115,000 |
Proceeds from issuance of common stock and subscription payable | 0 | 22,500 |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 1,955,061 | 137,500 |
NET INCREASE (DECREASE) IN CASH | 333,081 | -24,311 |
CASH, BEGINNING OF PERIOD | 10,422 | 33,637 |
CASH, END OF PERIOD | 343,503 | 9,326 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ' | ' |
Interest paid | 0 | 0 |
Income taxes | 0 | 0 |
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS | ' | ' |
Convertible promissory notes issued for acquisition | 1,750,000 | 0 |
Stock Issued for Conversion of Debt [Member] | ' | ' |
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS | ' | ' |
Non-Cash Transaction, Stock Issued | 3,263,329 | 0 |
Stock Issued for Conversion of Warrants [Member] | ' | ' |
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS | ' | ' |
Non-Cash Transaction, Stock Issued | 228 | 0 |
Stock Issued for Conversion of Restricted Stock Options [Member] | ' | ' |
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS | ' | ' |
Non-Cash Transaction, Stock Issued | $188,000 | $0 |
1_BASIS_OF_PRESENTATION
1. BASIS OF PRESENTATION | 3 Months Ended |
Mar. 31, 2014 | |
Disclosure Text Block [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
1. BASIS OF PRESENTATION | |
The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all normal recurring adjustments considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014. For further information refer to the consolidated financial statements and footnotes thereto included in the Company's Form 10-K for the year ended December 31, 2013. | |
The accompanying financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. The accompanying financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. The Company does not generate significant revenue, and has negative cash flows from operations, which raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, an additional cash infusion. Management believes the existing shareholders and potential prospective new investors will provide the additional cash needed to meet the Company’s obligations as they become due, and will allow the development of its core of business. | |
2_SUMMARY_OF_SIGNIFICANT_ACCOU
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Significant Accounting Policies [Text Block] | ' | ||||||||||||||||
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||||||||||||||
This summary of significant accounting policies of Solar3D, Inc. is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. | |||||||||||||||||
Development Stage Activities and Operations | |||||||||||||||||
The Company acquired Solar United Networks, and planned operations have started. The Company will have significant revenues, thereby eliminating the development stage as of December 31, 2013. | |||||||||||||||||
Cash and Cash Equivalent | |||||||||||||||||
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. | |||||||||||||||||
Stock-Based Compensation | |||||||||||||||||
Share based payments applies to transactions in which an entity exchanges its equity instruments for goods or services, and also applies to liabilities an entity may incur for goods or services that are to follow a fair value of those equity instruments. We will be required to follow a fair value approach using an option-pricing model, such as the Black-Scholes option valuation model, at the date of a stock option grant. The deferred compensation calculated under the fair value method would then be amortized over the respective vesting period of the stock option. The adoption of share based compensation has no material impact on our results of operations. | |||||||||||||||||
Loss per Share Calculations | |||||||||||||||||
Loss per Share dictates the calculation of basic earnings per share and diluted earnings per share. Basic earnings per share are computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. No shares for employee options or warrants were used in the calculation of the loss per share as they were all anti-dilutive. The Company’s diluted loss per share is the same as the basic loss per share for the three months ended March 31, 2014, as the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss. | |||||||||||||||||
Revenue Recognition | |||||||||||||||||
We recognize revenue on construction contracts using the percentage-of-completion method of accounting based on the proportion of costs incurred on the contract to total estimated contract costs, except that material estimated losses which become apparent prior to completion are provided for in their entirety. Claims for additional contract compensation due the Company are not reflected in the accounts until the year in which such claims are allowed. | |||||||||||||||||
Direct contract costs included all direct labor and labor burden, materials, subcontractors, and other direct costs. Selling, general, and administrative costs are charged to expense as incurred. | |||||||||||||||||
The asset, “Costs and estimated earnings in excess of billings”, represents revenues recognized in excess of amounts billed on contracts in progress. The liability, “Billings in excess of costs and estimated earnings”, represents billings in excess of revenues recognized on contracts in progress. | |||||||||||||||||
Contracts Receivable | |||||||||||||||||
The Company performs ongoing credit evaluation of its customers. Management closely monitors outstanding receivables based on factors surrounding the credit risk of specific customers, historical trends, and other information, and records bad debts using the direct write-off-method. Generally accepted accounting principles require the allowance method to be used to reflect bad debts. However, the effect of the use of the direct write-off-method is not materially different from the results that would have been obtained had the allowance method been followed. | |||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||
Disclosures about fair value of financial instruments, requires disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of March 31, 2014, the amounts reported for cash, accrued interest and other expenses, and notes payable approximate the fair value because of their short maturities. | |||||||||||||||||
We adopted ASC Topic 820 (originally issued as SFAS 157, “Fair Value Measurements”) as of January 1, 2008 for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements. | |||||||||||||||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: | |||||||||||||||||
· | Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; | ||||||||||||||||
· | Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and | ||||||||||||||||
· | Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | ||||||||||||||||
We measure certain financial instruments at fair value on a recurring basis. Assets and liabilities measured at fair value on a recurring basis are as follows at March 31, 2014: | |||||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Assets | $ | - | $ | - | $ | - | $ | - | |||||||||
Total assets measured at fair value | $ | - | $ | - | $ | - | $ | - | |||||||||
Liabilities | |||||||||||||||||
Derivative liability | 3,956,192 | - | - | 3,956,192 | |||||||||||||
Convertible promissory note | 717,998 | - | - | 717,998 | |||||||||||||
Total liabilities measured at fair value | $ | 4,674,190 | $ | - | $ | - | $ | 4,674,190 | |||||||||
Recently adopted pronouncements | |||||||||||||||||
Management reviewed accounting pronouncements issued during the three months ended March 31, 2014, and no pronouncements were adopted. | |||||||||||||||||
3_CAPITAL_STOCK_AND_WARRANTS
3. CAPITAL STOCK AND WARRANTS | 3 Months Ended |
Mar. 31, 2014 | |
Stockholders' Equity Note [Abstract] | ' |
Stockholders' Equity Note Disclosure [Text Block] | ' |
3. CAPITAL STOCK AND WARRANTS | |
During the three months ended March 31, 2014, the Company issued 66,149,177 shares of common stock at prices per share ranging from $0.02 to $0.10 for conversion of principal for convertible promissory notes in the amount of $1,057,701, plus accrued interest payable of $35,758. | |
During the three months ended March 31, 2014, the Company issued 4,000,000 shares of common stock through a cashless exercise at fair value per share of $0.05 in conversion of restricted common stock for services. | |
During the three months ended March 31, 2014, the Company issued 227,979 shares of common stock at fair value for a cashless exercise of 277,780 stock options for services. | |
4_OPTIONS_AND_WARRANTS
4. OPTIONS AND WARRANTS | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ' | ||||||||
4. OPTIONS AND WARRANTS | |||||||||
Options | |||||||||
As of March 31, 2014, the Company has 24,722,220 non-qualified stock options outstanding to purchase 24,722,220 shares of common stock, per the terms set forth in the option agreements. Notwithstanding any other provisions of the option agreements, each option expires on the date specified in the applicable option agreement, which date shall not be later than the seventh (7th) anniversary from the grant date of the option. The stock options vest at various times, and are exercisable for a period of seven years from the date of grant at exercise prices ranging from $0.01 to $0.05 per share, the market value of the Company’s common stock on the date of grant. The Company determined the fair market value of these options by using the Black Scholes option valuation model. | |||||||||
A summary of the Company’s stock option activity and related information follows: | |||||||||
3/31/14 | |||||||||
Weighted | |||||||||
Number | average | ||||||||
of | exercise | ||||||||
Options | price | ||||||||
Outstanding, beginning January 31, 2014 | 25,000,000 | $ | 0.037 | ||||||
Granted | - | - | |||||||
Exercised | (277,780 | ) | 0.018 | ||||||
Expired | - | - | |||||||
Outstanding, end of March 31, 2014 | 24,722,220 | $ | 0.038 | ||||||
Exercisable at the end of March 31, 2014 | 20,583,338 | $ | 0.037 | ||||||
Weighted average fair value of | $ | - | |||||||
options granted during the period | |||||||||
Restricted Stock | |||||||||
During the year ended December 31, 2013, the Company entered into a Restricted Stock Grant Agreement (“the RSGA”) with its Chief Executive Officer, James B. Nelson, to create management incentives to improve the economic performance of the Company and to increase its value and stock price. All shares issuable under the RSGA are performance based shares. The RSGA provides for the issuance of up to 20,000,000 shares of the Company’s common stock to the CEO provided certain milestones are met in certain stages. As of March 31, 2014, the first stage was met, when the Company’s market capitalization exceeded $10,000,000. The Company issued 4,000,000 shares of common stock to the CEO, which was exercised through a cashless exercise at fair value of $188,000 during the period ended March 31, 2014. The two remaining milestones are as follows: 1.) If the Company’s consolidated gross revenue, calculated in accordance with GAAP, equals or exceeds $10,000,000 for the trailing twelve month period, the Company will issue 6,000,000 shares of common stock; 2.) If the Company’s consolidated net profit, calculated in accordance to GAAP, equals or exceeds $2,000,000 for the trailing twelve month period, the Company will issue 10,000,000 shares of the Company’s common stock. As the performance goals are achieved, the shares shall become eligible for vesting and issuance. | |||||||||
The stock-based compensation expense recognized in the statement of operations during the three months ended March 31, 2014 and 2013, was $169,673 and $147,393. | |||||||||
Warrants | |||||||||
During the three months ended March 31, 2014, no warrants were granted. As of March 31, 2014, the Company had a total of 1,000,000 common stock purchase warrants outstanding. | |||||||||
5_CONVERTIBLE_PROMISSORY_NOTES
5. CONVERTIBLE PROMISSORY NOTES | 3 Months Ended |
Mar. 31, 2014 | |
Debt Disclosure [Abstract] | ' |
Debt Disclosure [Text Block] | ' |
5. CONVERTIBLE PROMISSORY NOTES | |
As of March 31, 2014, the Company had the following securities purchase agreements: | |
The Company entered into a securities purchase agreement, providing for the sale of a 10% convertible note in the aggregate principal amount of $335,000, with an original issue discount of $35,000 on October 24, 2012. Advances will be paid in amounts at the lender’s discretion. There was $55,833 outstanding on the note, plus accrued interest of $1,396 as of December 31, 2013. During the period ended March 31, 2014, the lender converted principal in the amount of $39,700, original issued discount of $2,917, plus accrued interest of $1,396 for 1,904,406 shares of common stock. As of March 31, 2014, there is a remaining principal balance of $10,300, plus original issue discount and accrued interest of $4,313 for a total of $14,613. The note matures one (1) year from the effective date of each advance. If the advances are repaid within 90 days, the interest rate will be zero percent (0%), otherwise a one time interest rate of five percent (5%) will be applied to the principal sums outstanding. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of the lesser of $0.035 per share or seventy percent (70%) of the lowest trading price of the previous 25 trading days prior to conversion. The Company recorded debt discount of $138,845 related to the conversion feature of the note, along with derivative liabilities at inception. During the period ended March 31, 2014, the debt discount was amortized and recorded as interest expense in the amount of $23,490. | |
The Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000 on November 13, 2012. Advances were paid in amounts at the lender’s discretion. The Company received advances for an aggregate sum of $100,000, and had a remaining balance of $65,000 as of December 31, 2013. The remaining principal of $65,000 and accrued interest of $7,307 was converted into 7,230,658 shares of common stock of the Company during the period ended March 31, 2014. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $1,233 at March 31, 2014. | |
The Company exchanged various notes on December 26, 2012, with an aggregate principal of $118,584. On February 13, 2014, the lender converted the note, plus accrued interest of $13,450 into 8,518,345 shares of common stock of the Company. | |
The Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000 on February 19, 2013. The Company received an aggregate of $84,000 in advances on the note during the year ended December 31, 2013. On March 6, 2014, the lender converted the note in full for 5,924,454 shares of common stock of the Company for principal in the amount of $84,000, plus accrued interest of $7,829. | |
On March 1, 2013, the Company entered into a securities purchase agreement providing for the sale of a 5% convertible promissory note in the aggregate principal amount of $8,000, for consideration of $8,000. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.02 per share or the lowest closing price after the effective date. The note matures two (2) years from the effective date of the advance. The Company recorded debt discount of $7,626 related to the conversion feature of the notes, along with derivative liabilities at inception. As of March 31, 2014, the debt discount was amortized, and recorded as interest expense in the amount of $4,126, resulting in a remaining net debt discount of $3,500 at March 31, 2014. | |
On May 30, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of $100,000. Upon execution of the note, the Company received an initial advance of $20,000. The advance amounts received are at the lender’s discretion. The Company received additional advances for a sum of $73,000 on various dates. As of March 31, 2014, the aggregate principal amount outstanding is $93,000. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.013 per share or fifty percent (50%) of the lowest trading price after the effective date. The note matures six (6) months from the effective date of each advance. The majority of the advances matured as of March 31, 2014, and was converted on April 16, 2014. | |
On August 1, 2013, the Company entered into a securities purchase agreement providing for the sale of an 8% convertible promissory note in the aggregate principal amount of $42,500, for consideration of $42,500. The note was converted in full during the month of February 2014 into 821,886 shares of common stock of the Company for principal of $42,500, plus accrued interest of $1,700. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $18,662 at March 31, 2014. | |
On August 28, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $20,000. The note was converted on March 21, 2014 into 2,968,937 shares of common stock of the Company for principal of $20,000, plus accrued interest of $1,079. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $6,111 at March 31, 2014. | |
On August 30, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $20,000. The note was converted on February 26, 2014 into 1,615,384 shares of common stock of the Company for principal of $20,000, plus accrued interest of $1,000. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $6,333 at March 31, 2014. | |
On September 9, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $20,000. The note was converted on March 9, 2014 into 2,957,361 shares of common stock of the Company for principal of $20,000, plus accrued interest of $997. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $7,444 at March 31, 2014. | |
On September 19, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $20,000. The note was converted on March 19, 2014 into 2,957,746 shares of common stock of the Company for principal of $20,000, plus accrued interest of $1,000. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $8,556 at March 31, 2014. | |
On September 24, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $67,000. On October 10, 2013, the lender advanced an additional $14,000 for a total aggregate of $81,000. The advance amounts received were at the lender’s discretion. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. The note matures six (6) months from the effective date of each advance with respect to each advance. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $37,522 at March 31, 2014. | |
On October 8, 2013, the Company entered into a securities purchase agreement providing for the sale of an 8% convertible promissory note in the aggregate principal amount of $32,500, for consideration of $32,500. The note is convertible into shares of common stock of the Company at a price equal to 58% times the average of the lowest three trading prices for the common stock during the ten day period ending on the latest complete trading day prior to the conversion. The note matures on July 10, 2014. The Company recorded debt discount of $32,500 related to the conversion feature of the notes, along with derivative liabilities at inception. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $10,955 at March 31, 2014. | |
On November 19, 2013, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $44,000. The Company received additional advances in the aggregate amount of $40,000, for a total aggregate of $84,000 as of March 31, 2014. The advance amounts received were at the lender’s discretion. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.013 per share, or fifty percent (50%) of the lowest trading price after the effective date. The note matures six (6) months from the effective date of each advance with respect to each advance. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $40,194 at March 31, 2014. | |
On January 29, 2014, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $90,000. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.013 per share, or fifty percent (50%) of the lowest trading price after the effective date. The note matures six (6) months from the effective date of each advance with respect to each advance. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $8,333 at March 31, 2014. | |
On January 31, 2014, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $500,000, for consideration of $500,000. The proceeds were restricted and were used for the purchase of Solar United Network, Inc. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.05 per share, or fifty percent (50%) of the lowest trading price after the effective date. Also, if the Company issues any common stock resulting from conversion of another security, whether issued and outstanding before or after the effective date, at a net effective price per share below the conversion price issued to the lender, the price shall be adjusted to the lower conversion price. The note matures nine (9) months from the effective date of the note. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $109,259 at March 31, 2014. | |
On January 31, 2014, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $750,000, for consideration of $750,000. The proceeds were restricted and were used for the purchase of Solar United Network, Inc. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.05 per share, or fifty percent (50%) of the lowest trading price after the effective date. Also, if the Company issues any common stock resulting from conversion of another security, whether issued and outstanding before or after the effective date, at a net effective price per share below the conversion price issued to the lender, the price shall be adjusted to the lower conversion price. The note matures nine (9) months from the effective date of the note. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $163,889 at March 31, 2014. | |
On February 11, 2014, the Company entered into a securities purchase agreement providing for the sale of a 10% convertible promissory note in the principal amount of up to $100,000. Upon execution of the note, the Company received an initial advance of $20,000. In February and March, the Company received additional advances in an aggregate amount of $80,000 for an aggregate total of $100,000. The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.05 per share, or fifty percent (50%) of the lowest trading price after the effective date. Also, if the Company issues any common stock resulting from conversion of another security, whether issued and outstanding before or after the effective date, at a net effective price per share below the conversion price issued to the lender, the price shall be adjusted to the lower conversion price. The note matures nine (9) months from the effective date of each advance with respect to each advance. At the sole discretion of the lender, the lender may modify the maturity date to be twelve (12) months form the effective date. The Company recorded amortization of debt discount, which was recognized as interest expense in the amount of $28,333 at March 31, 2014. | |
We evaluated the financing transactions in accordance with ASC Topic 815, Derivatives and Hedging, and determined that the conversion feature of the convertible promissory note was not afforded the exemption for conventional convertible instruments due to its variable conversion rate. The note has no explicit limit on the number of shares issuable so they did not meet the conditions set forth in current accounting standards for equity classification. The Company elected to recognize the note under paragraph 815-15-25-4, whereby, there would be a separation into a host contract and derivative instrument. The Company elected to initially and subsequently measure the note in its entirety at fair value, with changes in fair value recognized in earnings. The derivative liability is adjusted periodically according to the stock price fluctuations. At the time of conversion, any remaining derivative liability will be charged to additional paid-in capital. | |
For purpose of determining the fair market value of the derivative liability, the Company used Black Scholes option valuation model. The significant assumptions used in the Black Scholes valuation of the derivative are as follows: | |
The derivative liability recognized in the financial statements as of March 31, 2014 was $3,956,192. | |
Acquisition Promissory Notes | |
On January 31, 2014, the Company entered into a securities purchase agreement providing for the sale of four 4% convertible promissory notes in the aggregate principal amount of $1,750,000 as part of the consideration to acquire 100% of the total outstanding stock of SUN. The notes are convertible at any time after issuance into shares of fully paid and non-assessable shares of common stock. The conversion price is $0.02 per share until March 30, 2015, and thereafter the conversion price will be the greater of $0.02 or 50% of the average closing price of the common stock during the ten (10) consecutive trading days following the submission of the conversion notice. The Notes are five (5) year notes and bear interest at the rate of 4% per annum. In February and March 2014, $625,000 of the notes was converted into 31,250,000 shares of common stock, leaving a remaining balance of $1,125,000 as of March 31, 2014. The Company recorded amortization of the beneficial conversion feature as interest expense in the amount of $784,574 at March 31, 2014. | |
We evaluated the financing transactions in accordance with ASC Topic 470, Debt with Conversion and Other Options, and determined that the conversion feature of the convertible promissory note was afforded the exemption for conventional convertible instruments due to its fixed conversion rate. The note has an explicit limit on the number of shares issuable so they did meet the conditions set forth in current accounting standards for equity classification. The debt was issued with non-detachable conversion options that are beneficial to the investors at inception, because the conversion option has an effective strike price that is less than the market price of the underlying stock at the commitment date. The accounting for the beneficial conversion feature requires that the beneficial conversion feature be recognized by allocating the intrinsic value of the conversion option to additional paid-in-capital, resulting in a discount on the convertible notes, which will be amortized and recognized as interest expense. | |
6_BUSINESS_COMBINATION
6. BUSINESS COMBINATION | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
Business Combinations [Abstract] | ' | |||||||||||||||
Business Combination Disclosure [Text Block] | ' | |||||||||||||||
6. BUSINESS COMBINATION | ||||||||||||||||
During the month of January 2014, Solar3D, Inc. (SLTD) acquired 100% of the total issued and outstanding stock of Solar United Network, Inc. (SUN) in a transaction accounted for under ASC 805, for cash in the amount of $1,061,750, and convertible promissory notes for $1,750,000. SUN provides solar photovoltaic installation and consulting services to residential, commercial and agricultural properties. The acquisition is designed to enhance our services for solar technology. SUN is now a wholly-owned subsidiary of SLTD. | ||||||||||||||||
Under the purchase method of accounting, the transactions were valued for accounting purposes at $2,811,750, which was the fair value of the Company at time of acquisition. The assets and liabilities of SUN were recorded at their respective fair values as of the date of acquisition. The following table summarizes these values. | ||||||||||||||||
Purchase Price Allocation | ||||||||||||||||
Month Ended | ||||||||||||||||
1/31/14 | ||||||||||||||||
Assets acquired | ||||||||||||||||
Current Assets | ||||||||||||||||
Cash | $ | 490,061 | ||||||||||||||
Contract Receivables | 566,601 | |||||||||||||||
Costs and Estimated Earnings in Excess of Billings | 139,526 | |||||||||||||||
Advances to Employees | 43,926 | |||||||||||||||
Total Current Assets | 1,240,114 | |||||||||||||||
Tangible Assets subject to depreciation | ||||||||||||||||
Machinery and Equipment, net of depreciation | 7,382 | |||||||||||||||
Other Assets | ||||||||||||||||
Security Deposit | 5,000 | |||||||||||||||
Goodwill | 2,520,381 | |||||||||||||||
Total Other Assets | 2,525,381 | |||||||||||||||
Total assets acquired | 3,772,877 | |||||||||||||||
Liabilities assumed | ||||||||||||||||
Current liabilities | ||||||||||||||||
Accounts Payable | $ | 488,439 | ||||||||||||||
Billings in Excess of Costs and Estimated Earnings | 225,288 | |||||||||||||||
Accrued expenses and other liabilities | 247,400 | |||||||||||||||
Total liabilities acquired | 961,127 | |||||||||||||||
Net assets acquired | $ | 2,811,750 | ||||||||||||||
The following is a condensed consolidated statement of operations for the three months ended March 31, 2014 showing the combined results of operations of the Company including SUN as though the Company had acquired the common stock on January 1, 2014. | ||||||||||||||||
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS | ||||||||||||||||
For the Period Ended March 31, 2014 | ||||||||||||||||
SOLAR3D | SUN | Eliminations | Consolidated | |||||||||||||
Jan 1 to March 31,2014 | Jan 1, to March 31, 2014 | Dr | Cr | Balances | ||||||||||||
Sales | $ | - | $ | 1,612,328 | $ | 1,612,328 | ||||||||||
Cost of Goods Sold | - | 1,178,725 | 1,178,725 | |||||||||||||
Gross Profit | - | 433,603 | 433,603 | |||||||||||||
Total Operating Expenses | 755,427 | 612,551 | 1,367,978 | |||||||||||||
Income before Other Income (Expenses) | (755,427 | ) | (178,948 | ) | (934,375 | ) | ||||||||||
Total Other Income (Expenses) | (3,142,273 | ) | 49 | (3,142,224 | ) | |||||||||||
Net Loss | $ | (3,897,700 | ) | $ | (178,899 | ) | $ | (4,076,599 | ) | |||||||
BASIC AND DILUTED INCOME PER SHARE | $ | (0.02 | ) | $ | 0 | $ | (0.02 | ) | ||||||||
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 246,329,641 | - | 246,329,641 | |||||||||||||
BASIC AND DILUTED | ||||||||||||||||
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS | ||||||||||||||||
For the Period Ended March 31, 2013 | ||||||||||||||||
SOLAR3D | SUN | Eliminations | Consolidated | |||||||||||||
31-Mar-13 | 31-Mar-13 | Dr | Cr | Balances | ||||||||||||
Sales | $ | - | $ | 767,159 | $ | 767,159 | ||||||||||
Cost of Goods Sold | - | 591,026 | 591,026 | |||||||||||||
Gross Profit | - | 176,133 | 176,133 | |||||||||||||
Total Operating Expenses | 315,277 | 340,562 | 655,839 | |||||||||||||
Income before Other Income (Expenses) | (315,277 | ) | (164,429 | ) | (479,706 | ) | ||||||||||
Total Other Income (Expenses) | 217,032 | (1,434 | ) | 215,598 | ||||||||||||
Net Loss | $ | (98,245 | ) | $ | (165,863 | ) | $ | (264,108 | ) | |||||||
BASIC AND DILUTED INCOME PER SHARE | $ | (0.001 | ) | $ | 0 | $ | (0.002 | ) | ||||||||
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 142,015,134 | - | 142,015,134 | |||||||||||||
BASIC AND DILUTED | ||||||||||||||||
All transactions from January 31, 2014 through December 31, 2014 will be consolidated during the year ended December 31, 2014. | ||||||||||||||||
7_SUBSEQUENT_EVENTS
7. SUBSEQUENT EVENTS | 3 Months Ended |
Mar. 31, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
7. SUBSEQUENT EVENTS | |
Management has evaluated subsequent events according to the requirements of ASC TOPIC 855 and has reported the following events: | |
On April 17, 2014, the Company issued 5,233,530 shares of common stock upon partial conversion of a note in the principal amount of $63,000, plus accrued interest of 5,036. | |
During the month of April 2014, the Company issued 1,025,216 shares of common stock upon the conversion of a note in the principal amount of $32,500, plus accrued interest of $1,300. | |
Accounting_Policies_by_Policy_
Accounting Policies, by Policy (Policies) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Basis of Accounting, Policy [Policy Text Block] | ' | ||||||||||||||||
Development Stage Activities and Operations | |||||||||||||||||
The Company acquired Solar United Networks, and planned operations have started. The Company will have significant revenues, thereby eliminating the development stage as of December 31, 2013. | |||||||||||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | ' | ||||||||||||||||
Cash and Cash Equivalent | |||||||||||||||||
The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. | |||||||||||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | ' | ||||||||||||||||
Stock-Based Compensation | |||||||||||||||||
Share based payments applies to transactions in which an entity exchanges its equity instruments for goods or services, and also applies to liabilities an entity may incur for goods or services that are to follow a fair value of those equity instruments. We will be required to follow a fair value approach using an option-pricing model, such as the Black-Scholes option valuation model, at the date of a stock option grant. The deferred compensation calculated under the fair value method would then be amortized over the respective vesting period of the stock option. The adoption of share based compensation has no material impact on our results of operations. | |||||||||||||||||
Earnings Per Share, Policy [Policy Text Block] | ' | ||||||||||||||||
Loss per Share Calculations | |||||||||||||||||
Loss per Share dictates the calculation of basic earnings per share and diluted earnings per share. Basic earnings per share are computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. No shares for employee options or warrants were used in the calculation of the loss per share as they were all anti-dilutive. The Company’s diluted loss per share is the same as the basic loss per share for the three months ended March 31, 2014, as the inclusion of any potential shares would have had an anti-dilutive effect due to the Company generating a loss. | |||||||||||||||||
Revenue Recognition, Policy [Policy Text Block] | ' | ||||||||||||||||
Revenue Recognition | |||||||||||||||||
We recognize revenue on construction contracts using the percentage-of-completion method of accounting based on the proportion of costs incurred on the contract to total estimated contract costs, except that material estimated losses which become apparent prior to completion are provided for in their entirety. Claims for additional contract compensation due the Company are not reflected in the accounts until the year in which such claims are allowed. | |||||||||||||||||
Direct contract costs included all direct labor and labor burden, materials, subcontractors, and other direct costs. Selling, general, and administrative costs are charged to expense as incurred. | |||||||||||||||||
The asset, “Costs and estimated earnings in excess of billings”, represents revenues recognized in excess of amounts billed on contracts in progress. The liability, “Billings in excess of costs and estimated earnings”, represents billings in excess of revenues recognized on contracts in progress. | |||||||||||||||||
Receivables, Policy [Policy Text Block] | ' | ||||||||||||||||
Contracts Receivable | |||||||||||||||||
The Company performs ongoing credit evaluation of its customers. Management closely monitors outstanding receivables based on factors surrounding the credit risk of specific customers, historical trends, and other information, and records bad debts using the direct write-off-method. Generally accepted accounting principles require the allowance method to be used to reflect bad debts. However, the effect of the use of the direct write-off-method is not materially different from the results that would have been obtained had the allowance method been followed. | |||||||||||||||||
Fair Value Measurement, Policy [Policy Text Block] | ' | ||||||||||||||||
Fair Value of Financial Instruments | |||||||||||||||||
Disclosures about fair value of financial instruments, requires disclosure of the fair value information, whether or not recognized in the balance sheet, where it is practicable to estimate that value. As of March 31, 2014, the amounts reported for cash, accrued interest and other expenses, and notes payable approximate the fair value because of their short maturities. | |||||||||||||||||
We adopted ASC Topic 820 (originally issued as SFAS 157, “Fair Value Measurements”) as of January 1, 2008 for financial instruments measured as fair value on a recurring basis. ASC Topic 820 defines fair value, established a framework for measuring fair value in accordance with accounting principles generally accepted in the United States and expands disclosures about fair value measurements. | |||||||||||||||||
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: | |||||||||||||||||
· | Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; | ||||||||||||||||
· | Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and | ||||||||||||||||
· | Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | ||||||||||||||||
We measure certain financial instruments at fair value on a recurring basis. Assets and liabilities measured at fair value on a recurring basis are as follows at March 31, 2014: | |||||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Assets | $ | - | $ | - | $ | - | $ | - | |||||||||
Total assets measured at fair value | $ | - | $ | - | $ | - | $ | - | |||||||||
Liabilities | |||||||||||||||||
Derivative liability | 3,956,192 | - | - | 3,956,192 | |||||||||||||
Convertible promissory note | 717,998 | - | - | 717,998 | |||||||||||||
Total liabilities measured at fair value | $ | 4,674,190 | $ | - | $ | - | $ | 4,674,190 | |||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | ' | ||||||||||||||||
Recently adopted pronouncements | |||||||||||||||||
Management reviewed accounting pronouncements issued during the three months ended March 31, 2014, and no pronouncements were adopted. |
2_SUMMARY_OF_SIGNIFICANT_ACCOU1
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2014 | |||||||||||||||||
Accounting Policies [Abstract] | ' | ||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | 'We measure certain financial instruments at fair value on a recurring basis. Assets and liabilities measured at fair value on a recurring basis are as follows at March 31, 2014: | ||||||||||||||||
Total | (Level 1) | (Level 2) | (Level 3) | ||||||||||||||
Assets | $ | - | $ | - | $ | - | $ | - | |||||||||
Total assets measured at fair value | $ | - | $ | - | $ | - | $ | - | |||||||||
Liabilities | |||||||||||||||||
Derivative liability | 3,956,192 | - | - | 3,956,192 | |||||||||||||
Convertible promissory note | 717,998 | - | - | 717,998 | |||||||||||||
Total liabilities measured at fair value | $ | 4,674,190 | $ | - | $ | - | $ | 4,674,190 |
4_OPTIONS_AND_WARRANTS_Tables
4. OPTIONS AND WARRANTS (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2014 | |||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ||||||||
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | 'A summary of the Company’s stock option activity and related information follows: | ||||||||
3/31/14 | |||||||||
Weighted | |||||||||
Number | average | ||||||||
of | exercise | ||||||||
Options | price | ||||||||
Outstanding, beginning January 31, 2014 | 25,000,000 | $ | 0.037 | ||||||
Granted | - | - | |||||||
Exercised | (277,780 | ) | 0.018 | ||||||
Expired | - | - | |||||||
Outstanding, end of March 31, 2014 | 24,722,220 | $ | 0.038 | ||||||
Exercisable at the end of March 31, 2014 | 20,583,338 | $ | 0.037 | ||||||
Weighted average fair value of | $ | - | |||||||
options granted during the period | |||||||||
6_BUSINESS_COMBINATION_Tables
6. BUSINESS COMBINATION (Tables) (Solar United Network, Inc. [Member]) | 3 Months Ended | |||||||||||||||
Mar. 31, 2014 | ||||||||||||||||
6. BUSINESS COMBINATION (Tables) [Line Items] | ' | |||||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | 'Under the purchase method of accounting, the transactions were valued for accounting purposes at $2,811,750, which was the fair value of the Company at time of acquisition. The assets and liabilities of SUN were recorded at their respective fair values as of the date of acquisition. The following table summarizes these values. | |||||||||||||||
Purchase Price Allocation | ||||||||||||||||
Month Ended | ||||||||||||||||
1/31/14 | ||||||||||||||||
Assets acquired | ||||||||||||||||
Current Assets | ||||||||||||||||
Cash | $ | 490,061 | ||||||||||||||
Contract Receivables | 566,601 | |||||||||||||||
Costs and Estimated Earnings in Excess of Billings | 139,526 | |||||||||||||||
Advances to Employees | 43,926 | |||||||||||||||
Total Current Assets | 1,240,114 | |||||||||||||||
Tangible Assets subject to depreciation | ||||||||||||||||
Machinery and Equipment, net of depreciation | 7,382 | |||||||||||||||
Other Assets | ||||||||||||||||
Security Deposit | 5,000 | |||||||||||||||
Goodwill | 2,520,381 | |||||||||||||||
Total Other Assets | 2,525,381 | |||||||||||||||
Total assets acquired | 3,772,877 | |||||||||||||||
Liabilities assumed | ||||||||||||||||
Current liabilities | ||||||||||||||||
Accounts Payable | $ | 488,439 | ||||||||||||||
Billings in Excess of Costs and Estimated Earnings | 225,288 | |||||||||||||||
Accrued expenses and other liabilities | 247,400 | |||||||||||||||
Total liabilities acquired | 961,127 | |||||||||||||||
Net assets acquired | $ | 2,811,750 | ||||||||||||||
Pro Forma Income Statement [Member] | ' | |||||||||||||||
6. BUSINESS COMBINATION (Tables) [Line Items] | ' | |||||||||||||||
Business Acquisition, Pro Forma Information [Table Text Block] | 'The following is a condensed consolidated statement of operations for the three months ended March 31, 2014 showing the combined results of operations of the Company including SUN as though the Company had acquired the common stock on January 1, 2014. | |||||||||||||||
SOLAR3D | SUN | Eliminations | Consolidated | |||||||||||||
Jan 1 to March 31,2014 | Jan 1, to March 31, 2014 | Dr | Cr | Balances | ||||||||||||
Sales | $ | - | $ | 1,612,328 | $ | 1,612,328 | ||||||||||
Cost of Goods Sold | - | 1,178,725 | 1,178,725 | |||||||||||||
Gross Profit | - | 433,603 | 433,603 | |||||||||||||
Total Operating Expenses | 755,427 | 612,551 | 1,367,978 | |||||||||||||
Income before Other Income (Expenses) | (755,427 | ) | (178,948 | ) | (934,375 | ) | ||||||||||
Total Other Income (Expenses) | (3,142,273 | ) | 49 | (3,142,224 | ) | |||||||||||
Net Loss | $ | (3,897,700 | ) | $ | (178,899 | ) | $ | (4,076,599 | ) | |||||||
BASIC AND DILUTED INCOME PER SHARE | $ | (0.02 | ) | $ | 0 | $ | (0.02 | ) | ||||||||
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 246,329,641 | - | 246,329,641 | |||||||||||||
BASIC AND DILUTED | ||||||||||||||||
SOLAR3D | SUN | Eliminations | Consolidated | |||||||||||||
31-Mar-13 | 31-Mar-13 | Dr | Cr | Balances | ||||||||||||
Sales | $ | - | $ | 767,159 | $ | 767,159 | ||||||||||
Cost of Goods Sold | - | 591,026 | 591,026 | |||||||||||||
Gross Profit | - | 176,133 | 176,133 | |||||||||||||
Total Operating Expenses | 315,277 | 340,562 | 655,839 | |||||||||||||
Income before Other Income (Expenses) | (315,277 | ) | (164,429 | ) | (479,706 | ) | ||||||||||
Total Other Income (Expenses) | 217,032 | (1,434 | ) | 215,598 | ||||||||||||
Net Loss | $ | (98,245 | ) | $ | (165,863 | ) | $ | (264,108 | ) | |||||||
BASIC AND DILUTED INCOME PER SHARE | $ | (0.001 | ) | $ | 0 | $ | (0.002 | ) | ||||||||
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | 142,015,134 | - | 142,015,134 | |||||||||||||
BASIC AND DILUTED | ||||||||||||||||
2_SUMMARY_OF_SIGNIFICANT_ACCOU2
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, by Balance Sheet Grouping (USD $) | Mar. 31, 2014 |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, by Balance Sheet Grouping [Line Items] | ' |
Assets | $0 |
Total assets measured at fair value | 0 |
Liabilities | ' |
Derivative liability | 3,956,192 |
Convertible promissory note | 717,998 |
Total liabilities measured at fair value | 4,674,190 |
Fair Value, Inputs, Level 1 [Member] | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, by Balance Sheet Grouping [Line Items] | ' |
Assets | 0 |
Total assets measured at fair value | 0 |
Liabilities | ' |
Derivative liability | 0 |
Convertible promissory note | 0 |
Total liabilities measured at fair value | 0 |
Fair Value, Inputs, Level 2 [Member] | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, by Balance Sheet Grouping [Line Items] | ' |
Assets | 0 |
Total assets measured at fair value | 0 |
Liabilities | ' |
Derivative liability | 0 |
Convertible promissory note | 0 |
Total liabilities measured at fair value | 0 |
Fair Value, Inputs, Level 3 [Member] | ' |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Fair Value, by Balance Sheet Grouping [Line Items] | ' |
Assets | 0 |
Total assets measured at fair value | 0 |
Liabilities | ' |
Derivative liability | 3,956,192 |
Convertible promissory note | 717,998 |
Total liabilities measured at fair value | $4,674,190 |
3_CAPITAL_STOCK_AND_WARRANTS_D
3. CAPITAL STOCK AND WARRANTS (Details) (USD $) | 3 Months Ended |
Mar. 31, 2014 | |
3. CAPITAL STOCK AND WARRANTS (Details) [Line Items] | ' |
Debt Conversion, Converted Instrument, Shares Issued | 66,149,177 |
Cashless Exercise in Conversion of Restricted Common Stock for Services [Member] | ' |
3. CAPITAL STOCK AND WARRANTS (Details) [Line Items] | ' |
Stock Issued During Period, Shares, Conversion of Convertible Securities | 4,000,000 |
Shares Issued, Price Per Share (in Dollars per share) | 0.05 |
Cashless Exercise of Stock Options for Services [Member] | ' |
3. CAPITAL STOCK AND WARRANTS (Details) [Line Items] | ' |
Stock Issued During Period, Shares, Conversion of Convertible Securities | 227,979 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | 277,780 |
Principal [Member] | ' |
3. CAPITAL STOCK AND WARRANTS (Details) [Line Items] | ' |
Debt Conversion, Original Debt, Amount (in Dollars) | 1,057,701 |
Interest [Member] | ' |
3. CAPITAL STOCK AND WARRANTS (Details) [Line Items] | ' |
Debt Conversion, Original Debt, Amount (in Dollars) | 35,758 |
Minimum [Member] | ' |
3. CAPITAL STOCK AND WARRANTS (Details) [Line Items] | ' |
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | 0.02 |
Maximum [Member] | ' |
3. CAPITAL STOCK AND WARRANTS (Details) [Line Items] | ' |
Debt Instrument, Convertible, Conversion Price (in Dollars per share) | 0.1 |
4_OPTIONS_AND_WARRANTS_Details
4. OPTIONS AND WARRANTS (Details) (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
4. OPTIONS AND WARRANTS (Details) [Line Items] | ' | ' |
Share-based Compensation (in Dollars) | $357,673 | $147,393 |
Class of Warrant or Rights, Granted | 0 | ' |
Class of Warrant or Right, Outstanding | 1,000,000 | ' |
Employee Stock Option [Member] | ' | ' |
4. OPTIONS AND WARRANTS (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 24,722,220 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights | 'The stock options vest at various times | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award | 'period of seven years from the date of grant at exercise prices ranging from $0.01 to $0.05 per share, the market value of the Company's common stock on the date of grant | ' |
Employee Stock Option [Member] | Minimum [Member] | ' | ' |
4. OPTIONS AND WARRANTS (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercise Price of Options (in Dollars per share) | $0.01 | ' |
Employee Stock Option [Member] | Maximum [Member] | ' | ' |
4. OPTIONS AND WARRANTS (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercise Price of Options (in Dollars per share) | $0.05 | ' |
Restricted Stock [Member] | Chief Executive Officer [Member] | ' | ' |
4. OPTIONS AND WARRANTS (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 20,000,000 | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Minimum Market Capitalization Benchmark (in Dollars) | 10,000,000 | ' |
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures | 4,000,000 | ' |
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures (in Dollars) | 188,000 | ' |
Share-based Compensation (in Dollars) | $169,673 | $147,393 |
Chief Executive Officer [Member] | ' | ' |
4. OPTIONS AND WARRANTS (Details) [Line Items] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award, Minimum Market Capitalization Benchmark, Description | '1.) If the Company's consolidated gross revenue, calculated in accordance with GAAP, equals or exceeds $10,000,000 for the trailing twelve month period, the Company will issue 6,000,000 shares of common stock; 2.) If the Company's consolidated net profit, calculated in accordance to GAAP, equals or exceeds $2,000,000 for the trailing twelve month period, the Company will issue 10,000,000 shares of the Company's common stock. | ' |
4_OPTIONS_AND_WARRANTS_Details1
4. OPTIONS AND WARRANTS (Details) - Schedule of Share-based Compensation, Stock Options, Activity (USD $) | 3 Months Ended |
Mar. 31, 2014 | |
Number of Options [Member] | ' |
4. OPTIONS AND WARRANTS (Details) - Schedule of Share-based Compensation, Stock Options, Activity [Line Items] | ' |
Outstanding, beginning January 31, 2014 (in Shares) | 25,000,000 |
Granted (in Shares) | 0 |
Exercised (in Shares) | -277,780 |
Expired (in Shares) | 0 |
Outstanding, end of March 31, 2014 (in Shares) | 24,722,220 |
Exercisable at the end of March 31, 2014 (in Shares) | 20,583,338 |
Weighted Average Exercise Price [Member] | ' |
4. OPTIONS AND WARRANTS (Details) - Schedule of Share-based Compensation, Stock Options, Activity [Line Items] | ' |
Outstanding, beginning January 31, 2014 | 0.037 |
Granted | 0 |
Exercised | 0.018 |
Expired | 0 |
Outstanding, end of March 31, 2014 | 0.038 |
Exercisable at the end of March 31, 2014 | 0.037 |
Weighted average fair value of options granted during the period | 0 |
5_CONVERTIBLE_PROMISSORY_NOTES1
5. CONVERTIBLE PROMISSORY NOTES (Details) (USD $) | 3 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||||||||||||||||||||||||||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2012 | Mar. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2012 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 | Mar. 31, 2014 | Dec. 31, 2012 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | |
Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Principal [Member] | Original Issue Discount [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Interest [Member] | Principal [Member] | Initial Advance [Member] | Initial Advance [Member] | Initial Advance [Member] | Initial Advance [Member] | Additional Advance [Member] | Additional Advance [Member] | Additional Advance [Member] | Additional Advance [Member] | Solar United Network, Inc. [Member] | Solar United Network, Inc. [Member] | Solar United Network, Inc. [Member] | Convertible Promissory Note on October 24, 2012 [Member] | Convertible Promissory Note on October 24, 2012 [Member] | Convertible Promissory Note on October 24, 2012 [Member] | Convertible Note on November 13, 2012 [Member] | Convertible Note on November 13, 2012 [Member] | Convertible Note on November 13, 2012 [Member] | Convertible Note on December 26, 2012 [Member] | Convertible Note on December 26, 2012 [Member] | Convertible Note on February 19, 2013 [Member] | Convertible Note on February 19, 2013 [Member] | Convertible Note on March 1, 2013 [Member] | Convertible Note on March 1, 2013 [Member] | Convertible Notes on May 30, 2013 [Member] | Convertible Note on August 1, 2013 [Member] | Convertible Note on August 1, 2013 [Member] | Convertible Note on August 28, 2013 [Member] | Convertible Note on August 28, 2013 [Member] | Convertible Note on August 30, 2013 [Member] | Convertible Note on August 30, 2013 [Member] | Convertible Note on September 9, 2013 [Member] | Convertible Note on September 9, 2013 [Member] | Convertible Note on September 19, 2013 [Member] | Convertible Note on September 19, 2013 [Member] | Convertible Note on September 24, 2013 [Member] | Convertible Note on September 24, 2013 [Member] | Convertible Note on October 8, 2013 [Member] | Convertible Note on October 8, 2013 [Member] | Convertible Note on November 19, 2013 [Member] | Convertible Note on November 19, 2013 [Member] | Convertible Note on January 29, 2014 [Member] | Convertible Note on January 31, 2014 [Member] | Convertible Note on January 31, 2014 #2 [Member] | Convertible Note on February 11, 2014 [Member] | ||||
Convertible Promissory Note on October 24, 2012 [Member] | Convertible Note on November 13, 2012 [Member] | Convertible Note on February 19, 2013 [Member] | Convertible Note on August 1, 2013 [Member] | Convertible Note on August 28, 2013 [Member] | Convertible Note on August 30, 2013 [Member] | Convertible Note on September 9, 2013 [Member] | Convertible Note on September 19, 2013 [Member] | Convertible Promissory Note on October 24, 2012 [Member] | Convertible Promissory Note on October 24, 2012 [Member] | Convertible Note on November 13, 2012 [Member] | Convertible Note on February 19, 2013 [Member] | Convertible Note on August 1, 2013 [Member] | Convertible Note on August 28, 2013 [Member] | Convertible Note on August 30, 2013 [Member] | Convertible Note on September 9, 2013 [Member] | Convertible Note on September 19, 2013 [Member] | Convertible Promissory Note on October 24, 2012 [Member] | Convertible Notes on May 30, 2013 [Member] | Convertible Note on September 24, 2013 [Member] | Convertible Note on November 19, 2013 [Member] | Convertible Note on February 11, 2014 [Member] | Convertible Notes on May 30, 2013 [Member] | Convertible Note on September 24, 2013 [Member] | Convertible Note on November 19, 2013 [Member] | Convertible Note on February 11, 2014 [Member] | Convertible Note on January 31, 2014 [Member] | Convertible Note on January 31, 2014 [Member] | ||||||||||||||||||||||||||||||||||||||||
5. CONVERTIBLE PROMISSORY NOTES (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | ' | ' | ' | 10.00% | ' | ' | ' | 10.00% | ' | ' | ' | 10.00% | ' | 5.00% | 10.00% | ' | 8.00% | ' | 10.00% | 10.00% | ' | ' | 10.00% | ' | 10.00% | ' | 10.00% | ' | 8.00% | ' | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% |
Debt Instrument, Face Amount | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,750,000 | ' | ' | ' | $335,000 | ' | ' | ' | $100,000 | ' | $118,584 | ' | $100,000 | ' | $8,000 | $100,000 | ' | $42,500 | ' | $100,000 | $100,000 | ' | ' | $100,000 | ' | $100,000 | ' | $100,000 | ' | $32,500 | ' | $100,000 | $100,000 | $500,000 | $750,000 | $100,000 |
Debt Instrument, Unamortized Discount | 965,426 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35,000 | ' | ' | ' | ' | ' | ' | ' | ' | 3,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible Notes Payable, Current | 159,574 | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,300 | ' | ' | ' | ' | ' | ' | ' | ' | 1,125,000 | ' | ' | 14,613 | ' | 55,833 | ' | 65,000 | ' | ' | ' | ' | ' | ' | ' | 93,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 84,000 | ' | ' | ' | ' | ' |
Interest Payable, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,396 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Conversion, Original Debt, Amount | ' | ' | ' | 39,700 | 65,000 | 84,000 | 42,500 | 20,000 | 20,000 | 20,000 | 20,000 | 1,057,701 | 2,917 | 1,396 | 7,307 | 7,829 | 1,700 | 1,079 | 1,000 | 997 | 1,000 | 35,758 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 625,000 | ' | ' | ' | ' | ' | ' | ' | ' | 13,450 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 66,149,177 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 31,250,000 | ' | ' | 1,904,406 | ' | ' | 7,230,658 | ' | ' | 8,518,345 | ' | 5,924,454 | ' | ' | ' | ' | 821,886 | ' | 2,968,937 | ' | 1,615,384 | ' | 2,957,361 | ' | 2,957,746 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest Payable and Original Issue Discount, Current | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,313 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Maturity Date, Description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'five (5) year notes | ' | ' | ' | 'The note matures one (1) year from the effective date of each advance. | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The note matures two (2) years from the effective date of the advance. | 'The note matures six (6) months from the effective date of each advance. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | ' | ' | ' | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | 'The note matures six (6) months from the effective date of each advance with respect to each advance. | 'The note matures nine (9) months from the effective date of the note. | 'The note matures nine (9) months from the effective date of the note. | 'The note matures nine (9) months from the effective date of each advance with respect to each advance. At the sole discretion of the lender, the lender may modify the maturity date to be twelve (12) months form the effective date. |
Debt Instrument, Interest Rate Terms | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'If the advances are repaid within 90 days, the interest rate will be zero percent (0%), otherwise a one time interest rate of five percent (5%) will be applied to the principal sums outstanding. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Convertible, Terms of Conversion Feature | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The conversion price is $0.02 per share until March 30, 2015, and thereafter the conversion price will be the greater of $0.02 or 50% of the average closing price of the common stock during the ten (10) consecutive trading days following the submission of the conversion notice. | ' | ' | ' | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price of the lesser of $0.035 per share or seventy percent (70%) of the lowest trading price of the previous 25 trading days prior to conversion. | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.02 per share or the lowest closing price after the effective date. | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.013 per share or fifty percent (50%) of the lowest trading price after the effective date. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of a) $0.013 per share, b) fifty percent (50%) of the lowest trading price after the effective date, or c) the lowest conversion price offered by the Company with respect to any financing occurring before or after the date of the note. | ' | 'The note is convertible into shares of common stock of the Company at a price equal to 58% times the average of the lowest three trading prices for the common stock during the ten day period ending on the latest complete trading day prior to the conversion. | ' | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.013 per share, or fifty percent (50%) of the lowest trading price after the effective date. | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.013 per share, or fifty percent (50%) of the lowest trading price after the effective date. | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.05 per share, or fifty percent (50%) of the lowest trading price after the effective date. | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.05 per share, or fifty percent (50%) of the lowest trading price after the effective date. | 'The note is convertible into shares of common stock of the Company at a price equal to a variable conversion price equal to the lesser of $0.05 per share, or fifty percent (50%) of the lowest trading price after the effective date. |
Debt Instrument, Convertible, Beneficial Conversion Feature | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 138,845 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,626 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32,500 | ' | ' | ' | ' | ' | ' |
Amortization of Debt Discount (Premium) | 1,260,303 | 106,505 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 784,574 | ' | 23,490 | ' | ' | 1,233 | ' | ' | ' | ' | ' | ' | 4,126 | ' | ' | 18,662 | ' | 6,111 | ' | 6,333 | ' | 7,444 | ' | 8,556 | ' | 37,522 | ' | 10,955 | ' | 40,194 | ' | 8,333 | 109,259 | 163,889 | 28,333 |
Proceeds from Convertible Debt | 1,465,000 | 115,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | 67,000 | 44,000 | 20,000 | 73,000 | 14,000 | 40,000 | 80,000 | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | 84,000 | ' | 8,000 | ' | ' | 42,500 | ' | 20,000 | ' | 20,000 | ' | 20,000 | ' | 20,000 | ' | 81,000 | ' | 32,500 | ' | ' | 90,000 | 500,000 | 750,000 | 100,000 |
Debt Instrument, Description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The majority of the advances matured as of March 31, 2014, and was converted on April 16, 2014. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Instrument, Maturity Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10-Jul-14 | ' | ' | ' | ' | ' | ' |
Derivative Liability, Current | $3,956,192 | ' | $2,822,430 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of Securities Purchasae Agreements | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business Acquisition, Percentage of Voting Interests Acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
6_BUSINESS_COMBINATION_Details
6. BUSINESS COMBINATION (Details) (Solar United Network, Inc. [Member], USD $) | 3 Months Ended |
Mar. 31, 2014 | |
Solar United Network, Inc. [Member] | ' |
6. BUSINESS COMBINATION (Details) [Line Items] | ' |
Business Acquisition, Percentage of Voting Interests Acquired | 100.00% |
Payments to Acquire Businesses, Gross | $1,061,750 |
Business Combination, Consideration Transferred, Liabilities Incurred | 1,750,000 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | $2,811,750 |
6_BUSINESS_COMBINATION_Details1
6. BUSINESS COMBINATION (Details) - Schedule of Business Acquisitions, by Acquisition (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Other Assets | ' | ' |
Goodwill | $2,520,381 | $0 |
Solar United Network, Inc. [Member] | ' | ' |
Current Assets | ' | ' |
Cash | 490,061 | ' |
Contract Receivables | 566,601 | ' |
Costs and Estimated Earnings in Excess of Billings | 139,526 | ' |
Advances to Employees | 43,926 | ' |
Total Current Assets | 1,240,114 | ' |
Tangible Assets subject to depreciation | ' | ' |
Machinery and Equipment, net of depreciation | 7,382 | ' |
Other Assets | ' | ' |
Security Deposit | 5,000 | ' |
Goodwill | 2,520,381 | ' |
Total Other Assets | 2,525,381 | ' |
Total assets acquired | 3,772,877 | ' |
Current liabilities | ' | ' |
Accounts Payable | 488,439 | ' |
Billings in Excess of Costs and Estimated Earnings | 225,288 | ' |
Accrued expenses and other liabilities | 247,400 | ' |
Total liabilities acquired | 961,127 | ' |
Net assets acquired | $2,811,750 | ' |
6_BUSINESS_COMBINATION_Details2
6. BUSINESS COMBINATION (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income (USD $) | 3 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | |
6. BUSINESS COMBINATION (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income [Line Items] | ' | ' |
Sales | $1,047,415 | $0 |
Gross Profit | 275,358 | 0 |
Total Operating Expenses | 1,171,065 | 315,277 |
Income before Other Income (Expenses) | -895,707 | -315,277 |
Total Other Income (Expenses) | -3,142,229 | 217,032 |
Net Loss | -4,037,936 | -98,245 |
BASIC AND DILUTED INCOME PER SHARE (in Dollars per share) | ($0.02) | $0 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED (in Shares) | 246,329,641 | 142,015,134 |
Scenario, Actual [Member] | Parent Company [Member] | ' | ' |
6. BUSINESS COMBINATION (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income [Line Items] | ' | ' |
Sales | 0 | 0 |
Cost of Goods Sold | 0 | 0 |
Gross Profit | 0 | 0 |
Total Operating Expenses | 755,427 | 315,277 |
Income before Other Income (Expenses) | -755,427 | -315,277 |
Total Other Income (Expenses) | -3,142,273 | 217,032 |
Net Loss | -3,897,700 | -98,245 |
BASIC AND DILUTED INCOME PER SHARE (in Dollars per share) | ($0.02) | ($0.00) |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED (in Shares) | 246,329,641 | 142,015,134 |
Scenario, Actual [Member] | Solar United Network, Inc. [Member] | ' | ' |
6. BUSINESS COMBINATION (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income [Line Items] | ' | ' |
Sales | 1,612,328 | 767,159 |
Cost of Goods Sold | 1,178,725 | 591,026 |
Gross Profit | 433,603 | 176,133 |
Total Operating Expenses | 612,551 | 340,562 |
Income before Other Income (Expenses) | -178,948 | -164,429 |
Total Other Income (Expenses) | 49 | -1,434 |
Net Loss | -178,899 | -165,863 |
BASIC AND DILUTED INCOME PER SHARE (in Dollars per share) | $0 | $0 |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED (in Shares) | 0 | 0 |
Pro Forma [Member] | ' | ' |
6. BUSINESS COMBINATION (Details) - Schedule of Business Acquisition, Pro Forma Information, Statement of Income [Line Items] | ' | ' |
Sales | 1,612,328 | 767,159 |
Cost of Goods Sold | 1,178,725 | 591,026 |
Gross Profit | 433,603 | 176,133 |
Total Operating Expenses | 1,367,978 | 655,839 |
Income before Other Income (Expenses) | -934,375 | -479,706 |
Total Other Income (Expenses) | -3,142,224 | 215,598 |
Net Loss | ($4,076,599) | ($264,108) |
BASIC AND DILUTED INCOME PER SHARE (in Dollars per share) | ($0.02) | ($0.00) |
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING BASIC AND DILUTED (in Shares) | 246,329,641 | 142,015,134 |
7_SUBSEQUENT_EVENTS_Details
7. SUBSEQUENT EVENTS (Details) (USD $) | 3 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | |
Mar. 31, 2014 | Apr. 17, 2014 | Apr. 30, 2014 | Apr. 17, 2014 | Apr. 30, 2014 | Apr. 17, 2014 | Apr. 30, 2014 | Mar. 31, 2014 | Mar. 31, 2014 | |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Principal [Member] | Interest [Member] | ||
Principal [Member] | Principal [Member] | Interest [Member] | Interest [Member] | ||||||
7. SUBSEQUENT EVENTS (Details) [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt Conversion, Converted Instrument, Shares Issued (in Shares) | 66,149,177 | ' | ' | ' | ' | 5,233,530 | 1,025,216 | ' | ' |
Debt Conversion, Original Debt, Amount | ' | $63,000 | $32,500 | $5,036 | $1,300 | ' | ' | $1,057,701 | $35,758 |