The Coretec Group Inc. (CRTG) 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 13, 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	3DICON CORP
Entity Central Index Key	1,375,195
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	TDCP
Entity Common Stock, Shares Outstanding		1,384,399,201

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash	$ 1,435	$ 11,121
Prepaid expenses	12,507	21,321
Total current assets	13,942	32,442
Deposits-other	2,315	2,315
Total Assets	16,257	34,757
Current liabilities:
Current maturities of convertible notes and debentures payable	64,395	183,402
Warrant exercise advances	55	55
Accounts payable	311,457	823,695
Accrued salaries	64,153	317,134
Accrued interest on debentures	15,285	49,262
Total current liabilities	455,345	1,373,548
Total Liabilities	455,345	1,373,548
Stockholders' deficiency:
Common stock $0.0002 par, 1,500,000,000 shares authorized; 1,384,399,201 and 1,370,953,255 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	276,880	274,191
Additional paid-in capital	21,665,334	20,545,939
Accumulated deficit	(22,381,690)	(22,158,990)
Total Stockholders' Deficiency	(439,088)	(1,338,791)
Total Liabilities and Stockholders' Deficiency	16,257	34,757
Series A Preferred Stock [Member]
Stockholders' deficiency:
Preferred Stock Value	69	69
Series B Preferred Stock [Member]
Stockholders' deficiency:
Preferred Stock Value	$ 319	$ 0

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)	$ 0.0002	$ 0.0002
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	1,384,399,201	1,370,953,255
Common stock, shares outstanding	1,384,399,201	1,370,953,255
Series A Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.0002	$ 0.0002
Preferred Stock, Shares Authorized	500,000	500,000
Preferred Stock, Shares Issued	345,000	345,000
Preferred Stock, Shares Outstanding	345,000	345,000
Series B Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.0002	$ 0.0002
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Preferred Stock, Shares Issued	1,592,602	0
Preferred Stock, Shares Outstanding	1,592,602	0

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income:
Grant income	$ 0	$ 5,122
Total income	0	5,122
Expenses:
Research and development	2,625	42,909
General and administrative	219,011	258,846
Interest	1,064	8,624
Total expenses	222,700	310,379
Net loss	$ (222,700)	$ (305,257)
Loss per share:
Basic and diluted	$ (0.0002)	$ (0.0005)
Weighted average shares outstanding, basic and diluted	1,379,418,506	577,648,385

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY DEFICIENCY - 3 months ended Mar. 31, 2016 - USD ($)	Total	Series A Preferred Stock [Member]	Series B Preferred Stock [Member]	Stock issued for liabilities	Stock issued for liabilitiesSeries A Preferred Stock [Member]	Stock issued for liabilitiesSeries B Preferred Stock [Member]	Accrued Interest [Member]	Accrued Interest [Member]Series A Preferred Stock [Member]	Accrued Interest [Member]Series B Preferred Stock [Member]	Common Stock	Common StockStock issued for liabilities	Common StockAccrued Interest [Member]	Additional Paid-In Capital	Additional Paid-In CapitalStock issued for liabilities	Additional Paid-In CapitalAccrued Interest [Member]	Accumulated Deficit During the Development Stage	Accumulated Deficit During the Development StageStock issued for liabilities	Accumulated Deficit During the Development StageAccrued Interest [Member]
Balance (in shares) at Dec. 31, 2015		345,000	0							1,370,953,255
Balance at Dec. 31, 2015	$ (1,338,791)	$ 69	$ 0							$ 274,191			$ 20,545,939			$ (22,158,990)
Debentures converted (in shares)		0	172,421							0
Debentures converted	119,007	$ 0	$ 35							$ 0			118,972			0
Stock issued (in shares)					0	1,361,919		0	58,262		13,445,946	0
Stock issued				$ 963,186	$ 0	$ 272	$ 40,210	$ 0	$ 12		$ 2,689	$ 0		$ 960,225	$ 40,198		$ 0	$ 0
Net loss for the period	(222,700)	$ 0	$ 0							$ 0			0			(222,700)
Balance (in shares) at Mar. 31, 2016		345,000	1,592,602							1,384,399,201
Balance at Mar. 31, 2016	$ (439,088)	$ 69	$ 319							$ 276,880			$ 21,665,334			$ (22,381,690)

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities
Net loss	$ (222,700)	$ (305,257)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock issued for services	0	22,500
Amortization of debt issuance costs	0	(1,499)
Change in:
Accounts receivable	0	(5,122)
Prepaid expenses and other assets	8,814	7,274
Accounts payable and accrued liabilities	204,200	118,666
Net cash used in operating activities	(9,686)	(163,438)
Cash Flows from Financing Activities
Proceeds from stock and warrant sales, exercise of warrants and warrant exercise advances	0	32,700
Proceeds from issuance of debentures, notes and options	0	99,000
Net cash provided by financing activities	0	131,700
Net change in cash	(9,686)	(31,738)
Cash, beginning of period	11,121	34,485
Cash, end of period	1,435	2,747
Supplemental Disclosures
Cash paid for interest	0	283
Non-Cash Investing and Financing Activities
Conversion of debentures to common stock (net)	119,007	109,701
Stock issued to satisfy accrued interest and other liabilities	$ 1,003,396	$ 37,500

Uncertainties and Use of Estima

Uncertainties and Use of Estimates	3 Months Ended
	Mar. 31, 2016
Uncertainties And Use Of Estimates [Abstract]
Uncertainties and Use of Estimates	Note 1 – Uncertainties and Use of Estimates The accompanying financial statements of 3DIcon Corporation (the “Company”) have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. The Company believes that the disclosures made are adequate to make the information presented not misleading. These financial statements should be read in conjunction with the Company's year-end audited financial statements and related footnotes included in the previously filed 10-K. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company as of March 31, 2016, and the statements of its operations for the three months ended March 31, 2016 and 2015, and cash flows for the three months ended March 31, 2016 and 2015. The results of operations for interim periods may not be indicative of the results which may be realized for the full year. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and the disclosure of contingent assets and liabilities. Actual results could differ from the estimates and assumptions used. The following is a summary of recent accounting pronouncements that are relevant to the Company: In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs The FASB has issued ASU 2014-09, Revenue from Contracts with Customers The FASB has issued ASU 2014-12, Compensation - Stock Compensation (ASC Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The accompanying financial statements have been prepared on a going concern basis. The Company is in the development stage and has insufficient revenue and capital commitments to fund the development of its planned product and to pay operating expenses. The Company has realized a cumulative net loss of $ 22,381,690 222,700 305,257 The ability of the Company to continue as a going concern depends on the successful completion of the Company's capital raising efforts to fund the development of its planned products. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Given the reduced reliance on federal funding discussed in Note 2, the Company is committed to exploring possible acquisitions, partnerships, or other strategic transactions involving direct or indirect funding for the Company. Accordingly, the Company formed a committee comprised of Mark Willner, Chairman of the Company’s Business Advisory Board, Doug Freitag and Victor Keen to lead in this effort. Currently the Company is in conversations with several companies involving a possible affiliation or other strategic transaction. Additionally, under the terms of the Golden State 4.75 1 381.50 4.75 4.75 9.99 85.71 4.75 857 327,000 The Company is in discussions with Golden State Equity Investors to modify the normal means by which we access funds. This would provide the Company with greater flexibility and control over the issuance of shares and not further limit our access to operating and growth capital. Joint Development Agreement with Schott Defense As part of our federal funding strategy we intend to effectively compete by forming interdisciplinary teams with potential strategic partners (large and small), academic and commercial laboratories, and systems integrators providing integrated data visualization solutions. The first of these partnerships was reached in March 2014 when the Company signed a JDA with Schott, a federally focused subsidiary of Schott North America. Schott is a world-class multi-billion dollar company with significant experience and success in partnering with federal agencies for development projects. In addition, Schott is one of the world’s leaders in developing specialty glass for many applications, including display technology. This partnership, coupled with the expertise of Doug Freitag, should facilitate the Company’s federal funding strategy and our ability to create the unique materials required to advance the CSpace technology. In December of 2015 Schott AG closed the development office, Schott Defense, in Washington, D.C. It is unclear how this may impact the JDA going forward. Additionally, the Company is continuing to pursue financing through private offering of debt or common stock.

OCAST Grant

OCAST Grant	3 Months Ended
	Mar. 31, 2016
Oklahoma Center For Advancement Of Science and Technology Grant [Abstract]
OCAST Grant	Note 2 – OCAST Grant In July 2013, the Company was awarded a two year grant from OCAST. This was the second $ 300,000 5,122 The grant was cancelled in March 2015 upon the resignation of Dr. Hakki Refai, the principal investigator under the grant.

Debentures and Notes Payable

Debentures and Notes Payable	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debentures and Notes Payable	Note 3 – Debentures and Notes Payable March 31, December 31, 2016 2015 Senior Convertible Debentures 10% Convertible debenture to directors due June 2016 $ - $ 30,000 10% Convertible debenture due June 2016 - 29,007 4.75% Convertible debenture due December 2016 64,395 64,395 10% Convertible bridge note to director due June 2016 - 60,000 Total Debentures Payable $ 64,395 $ 183,402 10% Convertible Debentures to Directors due June 30, 2016 On June 24, 2013, the Company issued to Victor Keen and Martin Keating, Directors of the Company, (“Directors”) 10 15,000 0.01 10 On March 24, 2016, the Company issued to Mr. Keen and Mr. Keating 1,193,582 19,266 10% Convertible Debenture due Newton, O'Connor, Turner & Ketchum, due June 30, 2016 On December 20, 2012, the Company issued to Newton, O'Connor, Turner & Ketchum (“NOTK”) a 10 29,007 0.02534 50,149 4.75% Convertible Debenture due December 31, 2016 On November 3, 2006, the Company issued to Golden State a 4.75 100,000 28,571 381.50 100,000 The conversion price for the 4.75% $100,000 convertible debenture is the lesser of (i) $140 or (ii) 80% of the average of the five lowest volume weighted average prices during the twenty (20) trading days prior to the conversion. If Golden State elects to convert a portion of the debenture and, on the day that the election is made, the volume weighted average pre-split price is below $ 0.70 135 10% Convertible Bridge Note due June 30, 2016 On September 11, 2012, the Company issued and sold to Victor F. Keen, a Director and an accredited investor a Convertible Bridge Note (the “Keen Bridge Note”) in the principal amount of $ 60,000 10,000 15

Common Stock and Paid-In Capita

Common Stock and Paid-In Capital	3 Months Ended
	Mar. 31, 2016
Common Stock, Including Additional Paid In Capital, Net Of Discount [Abstract]
Common Stock and Paid-In Capital	Note 4 – Common Stock and Paid-In Capital Warrants Issued As of March 31, 2016, NOTK has warrants outstanding to purchase 125,098 3.15 96,024 3.15 18,395 381.50 300,000 0.0032 6,000,000 0.0055 13,250,000 Common stock and options issued for services and liabilities During the three months ended March 31, 2016, shares of common stock totaling 13,445,946 17,000 The terms of the Series A Convertible Preferred Stock Series B Convertible Preferred Stock and Warrants are as follows: Series A Convertible Preferred Sto ck A total of 500,000 0.0002 1.00 6 The Series A Preferred Stock may, at the option of the Investor, be converted at any time after the first anniversary of the issuance of the Series A Preferred Stock or from time to time thereafter into 50,000,000 500,000 The Series A Preferred Stock will automatically be converted into Common Stock anytime the 5 day average VWAP of the Company’s Common Stock prior to such conversion is equal to $ 0.05 Except as otherwise required by law, the holders of shares of Series A Preferred Stock shall not have voting rights or powers. In the event of any (i) liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, or ii) sale, merger, consolidation, reorganization or other transaction that results in a change of control of the Company, each holder of a share of Series A Preferred shall be entitled to receive, subject to prior preferences and other rights of any class or series of stock of the Company senior to the Series A Preferred, but prior and in preference to any distribution of any of the assets or surplus funds of the Company to holders of Common Stock, or any other class or series of stock of the Company junior to the Series A Preferred, an amount equal to the Stated Value plus accrued and unpaid dividends (as adjusted for any stock dividends, combinations or splits with respect to such shares) (the “Preference Amount”). After such payment has been made to the holders of Series A Preferred of the full Preference Amount to which such holders shall be entitled, the remaining net assets of the Company available for distribution, if any, shall be distributed pro rata among the holders of Common Stock. In the event the funds or assets legally available for distribution to the holders of Series A Preferred are insufficient to pay the Preference Amount, then all funds or assets available for distribution to the holders of capital stock shall be paid to the holders of Series A Preferred pro rata based on the full Preference Amount to which they are entitled. The Company may not declare, pay or set aside any dividends on shares of any class or series of capital stock of the Company (other than dividends on shares of Common Stock payable in shares of Common Stock) unless the holders of the Series A Preferred Stock shall first receive, or simultaneously receive, a dividend on each outstanding share of Series A Preferred in an amount equal to the dividend per share that such holders would have received had they converted their shares of Series A Preferred into shares of Common Stock immediately prior to the record date for the declaration of the Common Stock dividend in an amount equal to the average VWAP during the 5 trading days prior to the date such dividend is due. Series B Convertible Preferred Stock On March 22, 2016, 3DIcon Corporation, filed with the Secretary of State of the State of Oklahoma a Certificate of Designation (the “Certificate of Designation”), setting for the Preferences, Rights and Limitation of the Company’s Series B Convertible Preferred Stock (the “Series B Preferred”). The Two Million (2,000,000) 1.00 The holders of Series B Preferred are not entitled to receive dividends but have voting rights equal to the number of shares of the Company’s Common Stock into which their Series B Preferred can be converted, whether or not the shares are available for issuance. At the option of the holder, Series B Preferred may be converted in whole or in part, from time to time, into One Thousand Nine Hundred Fourteen (1,914) shares of Common Stock. The Series B Preferred Stock will automatically be converted into Common Stock if (i) at anytime the 5 day average VWAP of the Company’s Common Stock prior to such automatic conversion is equal to $0.10 or more; or (ii) the Company enters into a transaction for which the Company enters into a share exchange agreement or agreement and plan of merger, which agreement is executed within ninety (90) days after the date of the Certificate of Designation and pursuant to which the Company thereafter becomes a consolidated company with another entity, and the Company issues equity securities of the Company. Such automatic conversion would be converted by the same method described above for discretionary conversions. In the event of any i) liquidation, dissolution or winding up of the Company, whether voluntary or involuntary, or ii) sale, merger, consolidation, reorganization or other transaction that results in a change of control of the Company, each holder of a share of Series B Preferred shall be entitled to receive, subject to prior preferences and other rights of any class or series of stock of the Company senior to the Series B Preferred, but prior and in preference to any distribution of any of the assets or surplus funds of the Company to holders of Common Stock, or any other class or series of stock of the Company junior to the Series B Preferred, an amount equal to the Stated Value (as adjusted for any stock dividends, combinations or splits with respect to such shares) (the “Preference Amount”). After such payment has been made to the holders of Series B Preferred of the full Preference Amount to which such holders shall be entitled, the remaining net assets of the Company available for distribution, if any, shall be distributed pro rata among the holders of Common Stock. In the event the funds or assets legally available for distribution to the holders of Series B Preferred are insufficient to pay the Preference Amount, then all funds or assets available for distribution to the holders of capital stock shall be paid to the holders of Series B Preferred pro rata based on the full Preference Amount to which they are entitled. The Company issued an aggregate of 1,592,602 1,105,403 1,193,582 685,355 85,771 90,291 19,266 20,281 50,149 52,791 Warrants Each Unit under the Securities Purchase Agreement consists of Warrants entitling the Investor to purchase fifty (50) shares of Common Stock for each share of Series A Preferred purchased by such Investor in the Private Placement, at an initial exercise price per share of $ 0.0055 4.99 The following summary reflects warrant and option activity for the three-month period ended March 31, 2016: Attached Golden State Warrants Warrants Options Outstanding December 31, 2015 19,771,122 18,395 23,030,274 Granted/purchased - - - Exercised - - - Cancelled - - - Outstanding March 31, 2016 19,771,122 18,395 23,030,274 Stock options are valued at the date of award, which does not precede the approval date, and compensation cost is recognized in the period the options are granted. Stock options generally become exercisable on the date of grant and expire based on the terms of each grant. The estimated fair value of options for common stock granted was determined using the Black-Scholes option pricing model. The expected dividend yield is based on the average annual dividend yield as of the grant date. Expected volatility is based on the historical volatility of our stock. The risk-free interest rate is based on the U.S. Treasury Constant Maturity rates as of the grant date. The expected life of the option is based on historical exercise behavior and expected future experience.

Incentive Stock Plan

Incentive Stock Plan	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Incentive Stock Plan	Note 5 – Incentive Stock Plan In March 2014, the Company established the 3DIcon Corporation 2014 Equity Incentive Plan (the “2014 EIP”). The total number of shares of stock which may be purchased or granted directly by options, stock awards or restricted stock purchase offers, or purchased indirectly through exercise of options granted under the 2014 EIP shall not exceed fifty million (50,000,000) 6,793,478 750,103 In March 2015, the Company established the 3DIcon Corporation 2015 Equity Incentive Plan (the “2015 EIP”). The total number of shares of stock which may be purchased or granted directly by options, stock awards or restricted stock purchase offers, or purchased indirectly through exercise of options granted under the 2015 EIP shall not exceed eighty-five million (85,000,000) 8,445,946 13,133,645

Office Lease

Office Lease	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
Office Lease	Note 6 – Office Lease The Company had an Office Lease that expired on July 31, 2015 July 2, 2015 July 31, 2018 55,000 2016 $ 17,000 2017 24,000 2018 14,000 total $ 55,000

Related Party Transaction

Related Party Transaction	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transaction	Note 7 – Related Party Transaction 3DIcon has engaged the law firm of Newton, O’Connor, Turner & Ketchum as its outside corporate counsel since 2005. John O’Connor, a director of 3DIcon, is the Chairman of Newton, O’Connor, Turner & Ketchum. During the three months ending March 31, 2016 and 2015, the Company incurred legal fees to Newton, O’Connor, Turner & Ketchum in the amount of $- 0 1,238 29,007 Mr. Victor F. Keen, Chief Executive Officer of the Company, has entered into several advancement transactions, whereby Mr. Keen provided funds to the Company. Specifically, Mr. Keen advanced the Company $ 145,000 103,000 34,000 282,000 300,000 75,000 During the three months ended March 31, 2016, Mr. Keen advanced $ 50,000 37,500

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 8 – Subsequent Events Loan Agreements On April, 16, 2016 the Company entered into a Loan Agreement (the “Agreement”) whereby the lender agreed to provide the Company a loan facility of up to $ 100,000 1.167 June 29, 2018 50,000 On April 26, 2016 the Company entered into a 9 40,000

Uncertainties and Use of Esti15

Uncertainties and Use of Estimates (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial statements of 3DIcon Corporation (the “Company”) have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. The Company believes that the disclosures made are adequate to make the information presented not misleading. These financial statements should be read in conjunction with the Company's year-end audited financial statements and related footnotes included in the previously filed 10-K. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the financial position of the Company as of March 31, 2016, and the statements of its operations for the three months ended March 31, 2016 and 2015, and cash flows for the three months ended March 31, 2016 and 2015. The results of operations for interim periods may not be indicative of the results which may be realized for the full year.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and the disclosure of contingent assets and liabilities. Actual results could differ from the estimates and assumptions used.
Recent Accounting Pronouncements	The following is a summary of recent accounting pronouncements that are relevant to the Company: In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest (Subtopic 835-30), Simplifying the Presentation of Debt Issuance Costs The FASB has issued ASU 2014-09, Revenue from Contracts with Customers The FASB has issued ASU 2014-12, Compensation - Stock Compensation (ASC Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.
Uncertainties	Uncertainties The accompanying financial statements have been prepared on a going concern basis. The Company is in the development stage and has insufficient revenue and capital commitments to fund the development of its planned product and to pay operating expenses. The Company has realized a cumulative net loss of $ 22,381,690 222,700 305,257 The ability of the Company to continue as a going concern depends on the successful completion of the Company's capital raising efforts to fund the development of its planned products. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Given the reduced reliance on federal funding discussed in Note 2, the Company is committed to exploring possible acquisitions, partnerships, or other strategic transactions involving direct or indirect funding for the Company. Accordingly, the Company formed a committee comprised of Mark Willner, Chairman of the Company’s Business Advisory Board, Doug Freitag and Victor Keen to lead in this effort. Currently the Company is in conversations with several companies involving a possible affiliation or other strategic transaction. Additionally, under the terms of the Golden State 4.75 1 381.50 4.75 4.75 9.99 85.71 4.75 857 327,000 The Company is in discussions with Golden State Equity Investors to modify the normal means by which we access funds. This would provide the Company with greater flexibility and control over the issuance of shares and not further limit our access to operating and growth capital. Joint Development Agreement with Schott Defense As part of our federal funding strategy we intend to effectively compete by forming interdisciplinary teams with potential strategic partners (large and small), academic and commercial laboratories, and systems integrators providing integrated data visualization solutions. The first of these partnerships was reached in March 2014 when the Company signed a JDA with Schott, a federally focused subsidiary of Schott North America. Schott is a world-class multi-billion dollar company with significant experience and success in partnering with federal agencies for development projects. In addition, Schott is one of the world’s leaders in developing specialty glass for many applications, including display technology. This partnership, coupled with the expertise of Doug Freitag, should facilitate the Company’s federal funding strategy and our ability to create the unique materials required to advance the CSpace technology. In December of 2015 Schott AG closed the development office, Schott Defense, in Washington, D.C. It is unclear how this may impact the JDA going forward. Additionally, the Company is continuing to pursue financing through private offering of debt or common stock.

Debentures and Notes Payable (T

Debentures and Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debentures Payable	March 31, December 31, 2016 2015 Senior Convertible Debentures 10% Convertible debenture to directors due June 2016 $ - $ 30,000 10% Convertible debenture due June 2016 - 29,007 4.75% Convertible debenture due December 2016 64,395 64,395 10% Convertible bridge note to director due June 2016 - 60,000 Total Debentures Payable $ 64,395 $ 183,402

Common Stock and Paid-In Capi17

Common Stock and Paid-In Capital (Tables)	3 Months Ended
	Mar. 31, 2016
Common Stock, Including Additional Paid In Capital, Net Of Discount [Abstract]
Warrant and Option Activity	The following summary reflects warrant and option activity for the three-month period ended March 31, 2016: Attached Golden State Warrants Warrants Options Outstanding December 31, 2015 19,771,122 18,395 23,030,274 Granted/purchased - - - Exercised - - - Cancelled - - - Outstanding March 31, 2016 19,771,122 18,395 23,030,274

Office Lease (Tables)

Office Lease (Tables)	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
Minimum Future Lease Payments	The minimum future lease payments to be paid under the term of the three-year non-cancellable amended lease total $ 55,000 2016 $ 17,000 2017 24,000 2018 14,000 total $ 55,000

Uncertainties and Use of Esti19

Uncertainties and Use of Estimates - Additional Information (Detail) - USD ($)	3 Months Ended		183 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016
Unusual Risk or Uncertainty [Line Items]
Net loss	$ (222,700)	$ (305,257)	$ 22,381,690
Convertible Debenture, interest rate	4.75%		4.75%
Warrant [Member]
Unusual Risk or Uncertainty [Line Items]
Warrants outstanding, exercise price	$ 381.50		$ 381.50
Golden State Debentures
Unusual Risk or Uncertainty [Line Items]
Convertible Debenture, interest rate	4.75%		4.75%
4.75% Debenture due December 2016
Unusual Risk or Uncertainty [Line Items]
Convertible Debenture, interest rate	4.75%		4.75%
Conversion or exercise cause Golden State holdings to exceed of Company issued and outstanding common stock	9.99%
4.75% Debenture due December 2016 | Golden State Debentures
Unusual Risk or Uncertainty [Line Items]
Convertible Debenture, interest rate	4.75%		4.75%
Receives outstanding shares upon submission of conversion notices	1.00%		1.00%
Warrants outstanding, exercise price	$ 857		$ 857
Required amount of Convertible Debenture	$ 85.71
4.75% Debenture due December 2016 | Maximum | Golden State Debentures
Unusual Risk or Uncertainty [Line Items]
Funds from Golden State result warrant exercises	$ 327,000

OCAST Grant - Additional Inform

OCAST Grant - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Sep. 01, 2013
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Amount earned from grant	$ 0	$ 5,122
Grant receivable			$ 300,000

Debentures and Notes Payable -

Debentures and Notes Payable - Additional Information (Detail) - USD ($)	Sep. 11, 2012	Dec. 31, 2015	Mar. 31, 2016	Mar. 24, 2016	Jun. 24, 2013	Dec. 20, 2012	Nov. 03, 2006
Debt Conversion [Line Items]
Convertible Debenture, interest rate			4.75%
General Partner [Member]
Debt Conversion [Line Items]
Preferred Stock, Shares Issued				50,149
Series B Preferred Stock [Member]
Debt Conversion [Line Items]
Preferred Stock, Shares Issued		0	1,592,602
Series B Preferred Stock [Member] | General Partner [Member]
Debt Conversion [Line Items]
Preferred Stock, Shares Issued			50,149
Chief Executive Officer [Member]
Debt Conversion [Line Items]
Preferred Stock, Shares Issued				1,193,582
Chief Executive Officer [Member] | Series B Preferred Stock [Member]
Debt Conversion [Line Items]
Preferred Stock, Shares Issued			1,193,582
Director [Member]
Debt Conversion [Line Items]
Preferred Stock, Shares Issued				19,266
Director [Member] | Series B Preferred Stock [Member]
Debt Conversion [Line Items]
Preferred Stock, Shares Issued			19,266
4.75% Convertible debenture due December 2016
Debt Conversion [Line Items]
Convertible debt, principal amount							$ 100,000
Convertible note, conversion price			$ 0.70
Warrants to purchase common stock, issued							28,571
Warrants outstanding, exercise price							$ 381.50
Convertible Debenture, interest rate							4.75%
Debt Instrument, Interest Rate During Period	15.00%
4.75% Convertible debenture due December 2016 | If volume weighted average price is below $0.70
Debt Conversion [Line Items]
Debenture, prepay portion in percentage		135.00%
4.75% Convertible debenture due December 2016 | Golden State
Debt Conversion [Line Items]
Advances on Debenture		$ 100,000
Newton O Connor Turner And Ketchum 10% Convertible Debenture
Debt Conversion [Line Items]
Convertible debt, principal amount						$ 29,007
Convertible note, conversion price						$ 0.02534
Convertible Debenture, interest rate						10.00%
Victor Keen and Martin Keating 10% convertible debenture
Debt Conversion [Line Items]
Convertible debt, principal amount					$ 15,000
Convertible note, conversion price					$ 0.01
Convertible Debenture, interest rate					10.00%
10% Convertible Bridge Note
Debt Conversion [Line Items]
Debt Instrument, Unamortized Discount	$ 10,000
10% Convertible Bridge Note | Victor Keen
Debt Conversion [Line Items]
Convertible debt, principal amount	$ 60,000

Debentures and Notes Payable (D

Debentures and Notes Payable (Detail) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total Debentures Payable	$ 64,395	$ 183,402
10% Convertible debenture to directors due June 30, 2016
Debt Instrument [Line Items]
Total Debentures Payable	0	30,000
10% Convertible debenture due June 30, 2016
Debt Instrument [Line Items]
Total Debentures Payable	0	29,007
4.75% Convertible debenture due December 2016
Debt Instrument [Line Items]
Total Debentures Payable	64,395	64,395
10% Convertible bridge note to director due June 30, 2016
Debt Instrument [Line Items]
Total Debentures Payable	$ 0	$ 60,000

Common Stock and Paid-In Capi23

Common Stock and Paid-In Capital - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended
	Jan. 23, 2014	Mar. 31, 2016	Mar. 24, 2016	Mar. 23, 2016	Mar. 22, 2016	Dec. 31, 2015
Conversion Of Stock [Line Items]
Warrants to purchase of common stock	50
Conversion Price Of Stock		$ 0.05
Conversion of Stock, Description		At the option of the holder, Series B Preferred may be converted in whole or in part, from time to time, into One Thousand Nine Hundred Fourteen (1,914) shares of Common Stock. The Series B Preferred Stock will automatically be converted into Common Stock if (i) at anytime the 5 day average VWAP of the Company’s Common Stock prior to such automatic conversion is equal to $0.10 or more; or (ii) the Company enters into a transaction for which the Company enters into a share exchange agreement or agreement and plan of merger, which agreement is executed within ninety (90) days after the date of the Certificate of Designation and pursuant to which the Company thereafter becomes a consolidated company with another entity, and the Company issues equity securities of the Company.
Dividends Payable, Current		$ 48,000
General Partner [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Shares Issued			50,149
Preferred Stock, Value, Issued			$ 52,791
Warrant
Conversion Of Stock [Line Items]
Warrants outstanding, exercise price		$ 381.50
Warrants to purchase of common stock		50
Common stock outstanding percentage		4.99%
Warrant | Private Placement
Conversion Of Stock [Line Items]
Warrants outstanding, exercise price		$ 0.0055
Common Stock
Conversion Of Stock [Line Items]
Stock Issued During Period Shares Conversion Of Convertible Securities		0
Series A Convertible Preferred Stock [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Shares Authorized		500,000
Series A Convertible Preferred Stock [Member] | Common Stock
Conversion Of Stock [Line Items]
Stock Issued During Period Shares Conversion Of Convertible Securities		50,000,000
Series B Convertible Preferred Stock [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Value, Issued			$ 1,105,403
Convertible Preferred Stock, Shares Issued upon Conversion				1,914
Series B Preferred Stock [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Shares Authorized		2,000,000				2,000,000
Preferred Stock, Par or Stated Value Per Share		$ 0.0002				$ 0.0002
Stock Issued During Period Shares Conversion Of Convertible Securities		172,421
Preferred Stock, Shares Issued		1,592,602				0
Preferred Stock Shares Designated					(2,000,000)
Preferred Stock Stated Value Per Share					$ 1
Series B Preferred Stock [Member] | General Partner [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Shares Issued		50,149
Group Two
Conversion Of Stock [Line Items]
Warrants outstanding		125,098
Group Two | Expire on September 30, 2016
Conversion Of Stock [Line Items]
Warrants outstanding, exercise price		$ 3.15
Group Three
Conversion Of Stock [Line Items]
Warrants outstanding		96,024
Group Three | Expire on September 1, 2016
Conversion Of Stock [Line Items]
Warrants outstanding, exercise price		$ 3.15
Group Four
Conversion Of Stock [Line Items]
Warrants outstanding		18,395
Group Four | Expire on December 31, 2016
Conversion Of Stock [Line Items]
Warrants outstanding, exercise price		$ 381.50
Group Five
Conversion Of Stock [Line Items]
Warrants outstanding		300,000
Group Five | March 31, 2019
Conversion Of Stock [Line Items]
Warrants outstanding, exercise price		$ 0.0032
Group Six
Conversion Of Stock [Line Items]
Warrants outstanding		6,000,000
Group Six | December 31, 2017
Conversion Of Stock [Line Items]
Warrants outstanding, exercise price		$ 0.0055
Group Seven
Conversion Of Stock [Line Items]
Warrants outstanding		13,250,000
Stock issued for services | Common Stock
Conversion Of Stock [Line Items]
Stock issued for consulting services, shares		13,445,946
Consulting Services
Conversion Of Stock [Line Items]
Reduction in accounts payable liability		$ 17,000
Chief Executive Officer [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Shares Issued			1,193,582
Preferred Stock, Value, Issued			$ 685,355
Chief Executive Officer [Member] | Series B Preferred Stock [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Shares Issued		1,193,582
Chief Financial Officer [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Shares Issued			85,771
Preferred Stock, Value, Issued			$ 90,291
Director [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Shares Issued			19,266
Preferred Stock, Value, Issued			$ 20,281
Director [Member] | Series B Preferred Stock [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Shares Issued		19,266
Certificate of Designation | Series A Convertible Preferred Stock [Member]
Conversion Of Stock [Line Items]
Preferred Stock, Shares Authorized		500,000
Preferred Stock, Par or Stated Value Per Share		$ 0.0002
Preferred Stock, Dividend Rate, Percentage		6.00%
Preferred Stock Stated Value Per Share		$ 1

Warrant and Option Activity (De

Warrant and Option Activity (Detail)	3 Months Ended
	Mar. 31, 2016shares
Attached Warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding December 31, 2015	19,771,122
Granted/purchased	0
Exercised	0
Cancelled	0
Outstanding March 31, 2016	19,771,122
Golden State Warrants
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding December 31, 2015	18,395
Granted/purchased	0
Exercised	0
Cancelled	0
Outstanding March 31, 2016	18,395
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding December 31, 2015	23,030,274
Granted/purchased	0
Exercised	0
Cancelled	0
Outstanding March 31, 2016	23,030,274

Incentive Stock Plan - Addition

Incentive Stock Plan - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	Mar. 31, 2014
2014 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive stock plan, authorized				(50,000,000)
Incentive stock plan, issued		6,793,478
Incentive stock plan, shares available for issuance	750,103
2015 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive stock plan, authorized		(85,000,000)
Incentive stock plan, issued	8,445,946	40,119,185
Incentive stock plan, shares available for issuance			13,133,645

Office Lease - Additional Infor

Office Lease - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)
Lease agreement signed date	Jul. 2, 2015
Lease expiration date	Jul. 31, 2015
Extended lease expiration date	Jul. 31, 2018
Operating Leases, Future Minimum Payments Due, Total	$ 55,000
Amended Lease
Operating Leases, Future Minimum Payments Due, Total	$ 55,000

Office Lease (Detail)

Office Lease (Detail)	Mar. 31, 2016USD ($)
Operating Leased Assets [Line Items]
2,016	$ 17,000
2,017	24,000
2,018	14,000
total	$ 55,000

Related Party Transaction - Add

Related Party Transaction - Additional Information (Detail) - USD ($)	1 Months Ended			3 Months Ended
	Oct. 31, 2015	Jul. 31, 2015	Nov. 30, 2014	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Newton, O'Connor, Turner & Ketchum, a professional corporation ("NOTK")
Related Party Transaction [Line Items]
Legal fees incurred to Newton				$ 0	$ 1,238
Debt Instrument Face Amount						$ 29,007
Mr. Keen [Member] | Advancement Transactions [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	$ 145,000	$ 103,000	$ 34,000
Accrued Salaries				37,500		300,000
Accounts Payable, Related Parties				$ 50,000		282,000
Mr. Keen [Member] | Advancement Transactions [Member] | Convertible Debenture [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Parties						$ 75,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($)	1 Months Ended
	Apr. 26, 2016	Apr. 16, 2016	Mar. 31, 2016
Subsequent Event [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			4.75%
Subsequent Event
Subsequent Event [Line Items]
Proceeds From Notes Payable	$ 40,000
Line of Credit Facility, Maximum Borrowing Capacity		$ 100,000
Line of Credit Facility, Interest Rate During Period		1.167%
Proceeds from Lines of Credit		$ 50,000
Line of Credit Facility, Expiration Date		Jun. 29, 2018
Debt Instrument, Interest Rate, Stated Percentage	9.00%