American Battery Materials (BLTHD) 10-Q 16 Dec 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Dec. 04, 2015
Document And Entity Information
Entity Registrant Name	U-Vend, Inc.
Entity Central Index Key	1,487,718
Document Type	10-Q
Trading Symbol	UVEND
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		17,024,821
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash	$ 89,765	$ 73,396
Accounts receivable	7,793
Inventory (net)	43,139	$ 28,732
Prepaid expenses and other assets	109,217	130,081
Total current assets	249,914	232,209
Noncurrent assets:
Property and equipment (net)	708,679	675,772
Security deposits	15,943	7,171
Deferred financing costs (net)	55,998	73,139
Intangible asset (net)	282,101	347,201
Goodwill	642,340	642,340
Total noncurrent assets	1,705,061	1,745,623
Total assets	1,954,975	1,977,832
Current liabilities:
Accounts payable	269,953	187,460
Accrued expenses	126,483	124,676
Accrued interest	124,650	90,797
NHL sponsorship liability	$ 230,004
Contingent consideration		226,866
Registration rights liability	$ 22,156	22,156
Amounts due to officers	588,756	380,442
Senior convertible notes, net of discount	357,756	319,014
Promissory notes payable	420,603	304,277
Convertible notes payable, net of discount	695,218	303,074
Current capital lease obligation	94,989	116,000
Total current liabilities	$ 2,930,568	2,074,762
Noncurrent liabilities:
Contingent consideration		246,423
Capital lease obligation, net of discount	$ 252,135	280,959
Warrant liabilities	303,912	309,993
Total noncurrent liabilities	556,047	837,375
Total liabilities	$ 3,486,615	$ 2,912,137
Commitments and contingencies (Note 8)
Stockholders' deficiency:
Common stock, $.001 par value, 600,000,000 shares authorized, 15,904,232 shares issued and outstanding (10,151,390 - 2014)	$ 15,902	$ 10,151
Additional paid-in capital	3,661,070	2,832,392
Accumulated deficit	(5,208,612)	(3,776,848)
Total stockholders' deficiency	(1,531,640)	(934,305)
Total liabilities and stockholders' deficiency	$ 1,954,975	$ 1,977,832

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	15,904,232	10,151,390
Common stock, shares outstanding	15,904,232	10,151,390

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenue	$ 275,266	$ 86,530	$ 624,478	$ 182,166
Cost of revenue	187,699	50,874	402,968	104,855
Gross profit	87,567	35,656	221,510	77,311
Operating expenses:
Selling	248,565	114,479	623,321	303,803
General and administrative	441,515	273,902	1,028,341	$ 836,250
Accretion and reversal of earn-out liability			(201,013)
Operating Expenses	690,080	388,381	1,450,649	$ 1,140,053
Operating loss	(602,513)	(352,725)	(1,229,139)	(1,062,742)
Other (income) expense, net
(Gain) loss on the change in fair value of debt and warrant liabilities	(32,042)	(219,888)	(67,743)	57,786
Amortization of debt discount and deferred financing costs	(333)	137,252	114,620	372,333
Interest expense	$ 57,503	45,638	$ 180,309	110,254
Loss (gain) on extinguishment of debt		7,632		(114,266)
Unrealized gain on foreign currency	$ (8,602)	(12,500)	$ (24,561)	(12,500)
Nonoperating Income (Expense)	16,526	(41,866)	202,625	413,607
Loss before income taxes	$ (619,039)	(310,859)	$ (1,431,764)	(1,476,349)
Income tax benefit		24,738		24,738
Net loss	$ (619,039)	$ (286,121)	$ (1,431,764)	$ (1,451,611)
Net loss per share- basic and diluted (in dollars per share)	$ (0.04)	$ (0.03)	$ (0.11)	$ (0.18)
Weighted average common shares outstanding - basic and diluted (in shares)	15,213,660	9,167,005	13,246,165	8,176,201

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statement of Cash Flows [Abstract]
Net loss	$ (1,431,764)	$ (1,451,611)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock based compensation	112,431	146,533
(Gain) loss on fair value of warrant liabilities	(62,343)	81,224
Common shares issued for lease obligation	28,187	17,658
Common shares and warrants issued for services	195,473	285,132
Depreciation	90,058	43,324
Amortization of intangible assets	65,100	65,099
Amortization of debt discount and deferred financing costs	114,620	372,333
Accretion of contingent consideration, net of fair value adjustment	(201,013)	(4,215)
Unrealized gain on foreign currency	(24,561)	(12,500)
Benefit recognized on deferred taxes		(24,738)
Convertible notes payable fair value adjustment	$ (5,400)	(23,438)
Common shares issued to obtain loan from lessor		10,000
Conversion of accrued interest to common stock		500
Gain on extinguishment of debt		$ (114,266)
(Increase) decrease in assets:
Accounts receivable	$ (7,793)
Inventory	(14,407)	$ (13,026)
Prepaid expenses and other assets	12,092	1,199
Increase in liabilities:
Accounts payable and accrued expenses	373,259	193,830
Accrued interest	113,693
Amount due to officers	208,314	85,367
Net cash used by operating activities	(434,054)	(341,595)
Cash flows from investing activities:
Purchase of property and equipment	(7,115)	(7,548)
Acquisition of business		11,130
Net cash (used) provided by investing activities	(7,115)	3,582
Cash flows from financing activities:
Proceeds from common stock warrant exercises	55,000	71,660
Proceeds from senior convertible notes, net of financing costs		121,344
Proceeds from convertible notes, net of financing costs	423,900	115,082
Proceeds from promissory notes	$ 48,838	10,000
Principal payments on promissory notes		(2,754)
Proceeds from notes payable director		$ 50,000
Repayment of convertible note	$ (70,200)
Net cash provided by financing activities	457,538	$ 365,332
Net increase in cash	16,369	27,319
Cash - beginning of period	73,396	14,620
Cash - end of period	89,765	41,939
Cash paid for :
Income taxes	3,700	2,000
Interest	23,000	$ 16,958
Non-cash investing and financing activities:
Property and equipment financed with financing obligation	$ 65,750
Property and equipment financed with capital lease		$ 271,572
Equipment acquired in exchange of warrant liability	$ 50,100
Debt discount related to warrant liability and beneficial conversion feature	9,696	387,942
Issuance of promissory notes offsetting accrued expenses	60,000	57,807
Issuance of common stock to satisfy capital lease obligation	136,334	$ 49,586
Issuance of common shares to satisfy contingent consideration obligation	$ 272,276
Acquisition of U-Vend, Inc. for issuance of shares and effective settlement of inter-company		$ 808,349
Settlement of notes payable director in common shares and warrants		$ 150,062
Issuance of common shares and warrants as debt financing cost	$ 26,195
Reclassification of warrant liability to paid in capital- adequate authorized shares available		$ 52,833
Conversion convertible debt into common stock	$ 5,000

NATURE OF BUSINESS AND SUMMARY

NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1. NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company entered the business of developing, marketing and distributing various self-serve electronic kiosks and mall/airport co-branded islands throughout North America with the merger with U-Vend Canada, Inc. on January 7, 2014. The Company seeks to place its kiosks in high-traffic host locations such as big box stores, restaurants, malls, airports, casinos, universities, and colleges. Currently, the Company leases, owns and operates their kiosks but intends to also provide the kiosks, through a distributor relationship, to the entrepreneur wanting to own their own business. The Company’s vending kiosks incorporate advanced wireless technology, creative concepts, and ease of management. Our kiosks have been designed to be tech-savvy and can be managed on line 24 hours a day/7 days a week, accepting traditional cash input as well as credit and debit cards. Host locations and suppliers have been drawn to this distribution concept of product vending based on the advantages of reduced labor and lower product theft as compared to non-kiosk merchandising platforms. The Company takes a solutions development approach for the marketing of products through a variety of kiosk offerings. Our approach to the market can include the addition of a digital LCD monitor to most makes and models in a kiosk program. This would allow us to offer digital advertising as a national and/or local loop basis and a corresponding additional revenue stream for the Company. Management's plans The accompanying unaudited consolidated financial statements have been prepared on a going concern basis. The Company incurred a loss of $1,431,764 during the nine months ended September 30, 2015, has incurred accumulated losses totaling $5,208,612, and has a working capital deficit of approximately $2,680,654 at September 30, 2015. These factors, among others, indicate that the Company may be unable to continue as a going concern. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. To fund the Company’s operations for the next 12 months, to allow the Company to continue the development of its business plans and satisfy its obligations on a timely basis the Company needs to raise additional financing. Should additional financing not be available, the Company will have to negotiate with its lenders to extend the repayment dates of its indebtedness. There can be no assurance that the Company will be able to successfully restructure its debt obligations in the event it fails to obtain additional financing. On January 7, 2014, U-Vend, Inc. (formerly Internet Media Services, Inc. (“IMS”)) entered into an Exchange of Securities Agreement with U-Vend Canada, Inc., and the shareholders of U-Vend Canada, Inc. (“U-Vend Canada”) The Company believes the merger with U-Vend Canada will provide it with business operations and also working capital. The Company is in discussion to raise additional capital to execute on its current business plans. There is no assurance that future financing arrangements will be successful or that the operating results of U-Vend, Inc. will yield sufficient cash flow to execute the Company’s business plans or satisfy its obligations. The accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis of Presentation - The preparation of financial statements, in conformity with accounting principles generally accepted in the United States (U.S. GAAP), requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates and assumptions. Principles of Consolidation Inventory - Property and Equipment - Long lived assets, Identifiable Intangible Assets and Goodwill Assessment for possible impairment is based on the Company’s ability to recover the carrying value of the long-lived asset from the expected future pre-tax cash flows. The expected future pre-tax cash flows are estimated based on historical experience, knowledge and market data. Estimates of future cash flows require the Company to make assumptions and to apply judgment, including forecasting future sales, capital investments and expenses and estimating the useful lives of assets. If the expected future cash flows related to the long-lived assets are less than the assets’ carrying value, an impairment charge is recognized for the difference between estimated fair value and carrying value. When performing our evaluation of goodwill for impairment, if we conclude qualitatively that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount, then the two-step impairment test is not required. If we are unable to reach this conclusion, then we would perform the two-step impairment test. Initially, the fair value of the reporting unit is compared to its carrying amount. To the extent the carrying amount of a reporting unit exceeds the fair value of the reporting unit; we are required to perform a second step, as this is an indication that the reporting unit goodwill may be impaired. In this step, we compare the implied fair value of the reporting unit goodwill with the carrying amount of the reporting unit goodwill and recognize a charge for impairment to the extent the carrying value exceeds the implied fair value. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit to all of the assets (recognized and unrecognized) and liabilities of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after this allocation is the implied fair value of the reporting unit goodwill. There are inherent assumptions and estimates used in developing future cash flows requiring management judgment in applying these assumptions and estimates to the analysis of identifiable intangibles and asset impairment including projecting revenues, interest rates and the cost of capital. Many of the factors used in assessing fair value are outside our control and it is reasonably likely that assumptions and estimates will change in future periods. These changes can result in future impairments. In the event our planning assumptions were modified resulting in impairment to our assets, the associated expense would be included in the condensed consolidated statements of operations, which could materially impact our business, financial condition and results of operations. Management's forecasts of future earnings are largely dependent on future cash infusion or incremental borrowing to fund our projected growth as well as current operations. If our business plans result in significant delays in implementation and sales of our products are not in alignment with our projections, a future impairment charge could result for a portion or all of the goodwill noted previously. Common Shares Issued and Earnings Per Share As of September 30, 2015, there were approximately 44.9 million (40.9 million at September 30, 2014) shares potentially issuable under convertible debt agreements, options, and warrants that could dilute basic earnings per share in the future that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive to the Company’s losses during the periods presented. The shares potentially issuable excludes 2.3 million shares of common stock as contingent consideration related to the merger of U-Vend Canada, Inc. (see Note 2). 1 for 200 stock split and change in trading symbol effective May 16, 2014 - Preferred Stock Authorized - Fair Value of Financial Instruments - 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. FASB ASC 820 “Fair Value Measurement” establishes 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 1 measurements) 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. Derivative Financial Instruments – Share-Based Compensation Expense – Revenue Recognition Reclassifications Accounting Pronouncements In May 2014, the FASB issued new accounting guidance on revenue from contracts with customers. The new guidance requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods and services to customers. The updated guidance will replace most existing revenue recognition guidance in GAAP when it becomes effective. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. We are currently evaluating the effect the updated standard will have on our consolidated financial statements and related disclosures. In April 2015, the FASB issued new accounting guidance on the presentation of debt issuance costs. The new guidance requires that debt issuance costs related to a note be presented as a direct deduction from that note. This guidance is effective for financial statements issued for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. Weare currently evaluating the effect the updated standard will have on our consolidated financial statements and related disclosures.

MERGER WITH U-VEND CANADA, INC.

MERGER WITH U-VEND CANADA, INC.	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
MERGER WITH U-VEND CANADA, INC.	NOTE 2. MERGER WITH U-VEND CANADA, INC. On January 7, 2014, the Company entered into an Exchange of Securities Agreement with U-Vend Canada, Inc. (“U-Vend Canada”). Pursuant to the agreement, which was amended on April 30, 2014 effective as of January 7, 2014, the Company acquired all the outstanding shares of U-Vend Canada in exchange for 3,500,000 newly issued shares of the Company’s common stock with a par value of $0.001 per share. Certain shareholders of U-Vend Canada were granted the right to earn up to an additional 4,522,850 shares of the Company’s common stock subject to certain earn-out provisions based on targeted revenue achievement in 2014 and 2015. In connection with this agreement, the Company issued an aggregate of 1,354,111 shares of Common Stock as compensation to the Chief Executive Officer and advisors for their services in connection with the transaction contemplated by the merger agreement. The Company issued 389,520 shares of common stock to its Chief Executive Officer. The Company incurred approximately $264,000 in broker, advisory and professional fees associated with the merger. U.S. GAAP, requires that for each business combination, one of the combining entities shall be identified as the acquirer and the existence of a controlling financial interest shall be used to identify the acquirer in a business combination. In a business combination effected primarily by exchanging equity interests, the acquirer is usually the entity that issues its equity interests. In accordance with FASB ASC 805 “Business Combinations”, if a business combination has occurred, but it is not clear which of the combining entities is the acquirer, U.S. GAAP requires considering additional factors in making that determination. These factors include the relative voting rights of the combined entity, the composition of the governing body of the combined entity, the composition of senior management in the combined entity and the relative size of the combining entities, among other factors. Based on the aforementioned and after taking in consideration all the relevant facts and circumstances, management came to the conclusion that U-Vend, Inc. (formerly Internet Media Services, Inc.), as the legal acquirer was also the accounting acquirer in the transaction. As a result, the merger has been accounted for as a business combination in accordance with the FASB ASC 805. Under the guidance, consideration, including contingent consideration and the assets and liabilities of U-Vend Canada were recorded at their estimated fair value on the date of the acquisition. The excess of the purchase price over the estimated fair values was recorded as goodwill. Purchase Price - Contingent Consideration - During the first quarter of 2015, the Company’s board of directors recommended that the first year earn-out of 2,261,425 shares of common stock be paid equally between Paul Neelin and Diane Hope as the Company did not receive the anticipated level of financing. During the second quarter of 2015, the Company issued the 2,261,425 shares to Paul Neelin and Diane Hope. At September 30, 2015 the condensed consolidated balance sheet reflects no liability for contingent consideration as the Company believes the level of financing has been achieved and does not believe that these revenue targets will be achieved. During the nine months ended September 30, 2015, the Company reversed the remaining liability for contingent consideration in the amount of $201,013, resulting in non-cash operating income reflected in accompanying condensed consolidated Statement of Operations. At December 31, 2014, the condensed consolidated balance sheet reflects a total contingent consideration liability of $473,289. Allocation of Purchase Price - The fair value of the common stock issued to the former shareholders of U-Vend Canada is based on the adjusted split price of $0.14 share price of the Company's common stock as of the close of business on January 6, 2014. The contingent consideration represented by the earn-out shares were also measured using a split adjusted price of $0.14 per share, discounted for the probability that the shares will be issued in the future upon achievement of the revenue targets defined. Consideration: Fair value of 3,500,000 shares of common stock issued at $0.14 on January 7, 2014 $ 490,000 Fair value of 4,522,850 shares of common stock measured at $0.14, discounted for the probability of achievement 246,568 736,568 Discount for restrictions (103,118 ) Effective settlement of intercompany payable due to U-Vend, Inc. 174,899 Total purchase price $ 808,349 The allocation of purchase price to the assets acquired and liabilities assumed at the date of the acquisition is presented in the table below. This allocation is based upon valuations using management’s estimates and assumptions. The Company allocated $434,000 of the purchase price to intangible assets relating to the operating agreement with Mini Melts USA, which management estimates has a life of five years. Amortization expense amounted to $86,800 in 2014 and is estimated to be $86,800 in 2015 and in each of the succeeding years until fully amortized in December 2018. The Company initially recognized a $164,920 deferred tax liability associated with the increase in book basis of the acquired tangible and intangible assets. During the final accounting for the merger, it was determined that the deferred tax liability reflecting the book and tax basis of the acquired assets would be $75,000. As a result the deferred tax liability and the related goodwill were adjusted by $89,920 during the measurement period. The following table summarizes the allocation of the purchase price for the acquisition of U-Vend Canada. Cash $ 11,132 Inventory 15,253 Prepaid expense 350 Property and equipment 232,835 Security deposits 6,631 Intangible assets- Operating Agreement 434,000 Goodwill 642,340 Accounts payable and accrued expenses (135,634) Notes payable (170,517) Capital lease obligations (153,041) Deferred tax liability (75,000) Total purchase price $ 808,349

SENIOR CONVERTIBLE NOTES

SENIOR CONVERTIBLE NOTES	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
SENIOR CONVERTIBLE NOTES	NOTE 3. SENIOR CONVERTIBLE NOTES The Company entered into a Securities Purchase Agreement ("SPA") dated June 18, 2013 with Cobrador Multi-Strategy Partners, LP (“Investor” or "Cobrador") pursuant to Cobrador provided an aggregate of $400,000 financing through senior convertible notes and warrants. The financing and the related terms were dependent on several conditions including the Company's merger with U-Vend Canada, which was completed on January 7, 2014, and the Company effecting certain changes in its capital structure (see Note 1 regarding 1 for 200 reverse stock split). As of September 30, 2015, total outstanding Senior Convertible Notes had a face value of $377,500 and is presented net of unamortized debt discounts of $14,744, resulting in a carrying amount of $357,756. As of December 31, 2014, total outstanding Senior Convertible Notes had a face value of $377,500 and are presented net of unamortized debt discounts of $58,486, resulting in a carrying value of $319,014. During the nine months ended September 30, 2015, Cobrador converted $5,000 of outstanding principal at $0.05 per share into 100,000 common shares. During the three and nine months ended September 30, 2015, the Company recorded $14,498 and $43,742, respectively as amortization of debt discount on the senior convertible notes. During the three and nine months ended September 30, 2014, the Company recorded $106,086 and $275,505, respectively as amortization of debt discount on the senior convertible notes. The Company received extensions until December 31, 2015 from Cobrador on the due dates for principal and interest payments on outstanding senior convertible notes. The debt conversion price is subject to certain anti-dilution protection; for example, if the Company issues shares for a consideration less than the applicable conversion price, the conversion price is reduced to such amount. When the notes were issued, Cobrador agreed to restrict its ability to convert the Senior Convertible Notes and receive shares of the Company if the number of shares of common stock beneficially held by the lender and its affiliates in the aggregate after such conversion exceeds 4.99% of the then outstanding shares of common stock. On May 5, 2015, the Company and Cobrador agreed to amend the convertible notes, including the notes issued in connection with 2014 and 2015 SPA, to allow the Cobrador to hold in excess of 4.99% with 61 days written notice of such intent to the Company. The Warrants issued have a “down round provision” and as a result, warrants issued in connection with the senior convertible notes are classified as derivative liabilities for accounting purposes. The derivative warrant liabilities are marked to market at each balance sheet date. The fair value of the outstanding warrants issued in connection with this SPA dated June 18, 2013 aggregate $240,935 as of September 30, 2015. The fair value of the warrants was determined based on the consideration of the enterprise value of the Company, the limited market of the shares issuable under the agreement and the Monte Carlo modeling valuations using volatility assumptions. Due to certain unobservable inputs in the fair value calculations of the warrants, derivative warrant liabilities are classified as Level 3. The Company and the Investor entered into a registration rights agreement covering the registration of common stock underlying the Senior Convertible Notes and the Warrants. The Company was required to file a registration statement within 120 days after completion of the acquisition of U-Vend Canada and meet an effectiveness deadline of 165 days after the closing date of the acquisition, 195 days if the Securities and Exchange Commission provides comment. If the Company failed to comply with the terms of the registration rights agreement, the Investor would be entitled to an amount in cash equal to one percent (1%) of the Investor’s original principal amount stated in each Senior Convertible Note on the date of the failure and monthly thereafter until failure is cured and all registration rights have been paid. The terms of this registration rights agreement do not limit the maximum potential consideration (including shares) to be transferred. The Company met the filing and effectiveness criteria, (as extended by the Investor on April 8, 2014), on November 21, 2014 which resulted in a penalty of $14,234 which is reflected as a liability at September 30, 2015. The Investor has extended the due day for this payment until December 31, 2015. The Company believes no additional liability will be incurred under this agreement as the underlying shares are now eligible for sale in accordance with Rule 144. 2014 Gain on extinguishment of debt During the second quarter of 2014, the Company and Cobrador entered into an agreement to extend the maturity of certain of the notes issued in 2013. Accordingly, Cobrador consented to the extension of the maturity dates of the notes dated June 18, 2013 and August 21, 2013 to December 26, 2014. During the second quarter of 2014, certain of the terms of certain of the Cobrador notes were modified. The notes issued on June 18, 2013, August 21, 2013 and October 17, 2013 each of which had a conversion price of $0.20 per share and were convertible into 750,000 shares of common stock were amended and reissued as notes convertible into 3,000,000 shares of the Company's common stock at a conversion price of $0.05 per share, subject to an adjustment with a minimum adjusted conversion price of $0.03 per share. In connection with the reissued notes, the Company amended the warrants that had been granted in connection with the originally issued note agreements dated June 18, 2013, August 21, 2013 and October 17, 2013. Series A warrants totaling 1.125 million with an exercise price of $0.20 per share and Series B warrants totaling 1.125 million with an exercise price of $0.24 per shares were amended and reissued. The 4.5 million reissued Series A warrants have an exercise price of $0.05 per share and the 4.5 million reissued Series B warrants have an exercise price of $0.06 per share. For all 2013 and 2014 Cobrador notes the Series A warrants were amended to increase the term from 15 months to 24 months. The Series B term remained at 5 years. The amendment and reissuance of the three notes and warrants has been accounted for as an extinguishment of the original notes and warrants and the reissuance of the replacement notes and warrants. The Company recognized a gain of approximately $122,000 on extinguishment of debt in the nine month period ended September 30, 2014, resulting from changes to the terms of the Cobrador notes, as described above which is reflected in gain on extinguishment of debt in the condensed consolidated statement of operations. Also, during the second quarter of 2014, the Company issued three senior convertible notes, in addition to the reissued notes described above, to the Investor in the aggregate principal amount of $70,000 along with Series A and Series B warrants ("Warrants") to the Investor to acquire shares of common stock in the Company. The SPA, Senior Convertible Notes, Warrants and other ancillary agreements with the Investor are referred to as the “Financing Agreement.” Each Senior Convertible Note under the Financing Agreement is for a term of one year and bears interest at 7% payable in cash or shares of the Company's common stock, and provides for an increase in the rate of interest if there is a default as defined in the Financing Agreement. The debt issued during the second quarter of 2014 can be converted into shares of the Company's common stock at a conversion price of $0.05 per share, subject to an adjustment with a minimum adjusted conversion price of $0.03 per share. In connection with the notes issued in the second quarter of 2014, the Company issued the Investor 2.1 million Series A warrants with an exercise price of $0.05 per share and 2.1 million Series B warrants with an exercise price of $0.06 per share in connection with this debt under previously described terms.

CONVERTIBLE NOTES PAYABLE AND P

CONVERTIBLE NOTES PAYABLE AND PROMISSORY NOTES PAYABLE	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
CONVERTIBLE NOTES PAYABLE AND PROMISSORY NOTES PAYABLE	NOTE 4. CONVERTIBLE NOTES PAYABLE AND PROMISSORY NOTES PAYABLE 2015 Stock Purchase Agreement (SPA) with 9.5% Convertible Notes and Warrants On May 11, 2015, the Company entered into a non-binding term sheet with Cobrador Multi-Strategy Partners, LP for up to $1 million in senior secured convertible notes with a twelve month term and 9.5% annual interest rate payable quarterly in cash or at 15% if paid in restricted stock. The agreement allows for a debt conversion price of $0.30 per common share and the issuance of warrants equal to 50% of the convertible shares in the underlying notes. The warrants have an exercise price of $0.40 per share and a five year term from the date of grant. The Company and Cobrador finalized the Securities Purchase Agreement, the Notes and Warrant Agreements on August 17, 2015. During the nine months ended September 30, 2015, the Company issued ten 9.5% subordinated convertible notes aggregating $391,000 in connection with this agreement with maturity dates ranging from April 2016 through September 2016. The principal on these notes is convertible into common shares at the rate of $0.30 per share. In connection with these borrowings, the Company granted a total of 651,667 warrants with an exercise price of $0.40 per share and 5 year terms. The Company allocated the $7,603 of proceeds received to debt discount based on the computed fair value of the convertible notes and warrants issued. During the three and nine months ended September 30, 2015, the Company recorded $1,901, and $2,717, respectively, as amortization of debt discount on the 2015 SPA subordinated convertible notes. As of September 30, 2015, outstanding 2015 SPA notes had a face value of $391,000 and are presented net of debt discount of $4,887 resulting in a carrying value of $386,113. The Warrants issued have a “down round provision” and as a result, warrants issued in connection with the senior convertible notes are classified as derivative liabilities for accounting purposes. The derivative warrant liabilities are marked to market at each balance sheet date. The fair value of the outstanding warrants issued in connection with this 2015 SPA aggregate $6,638 as of September 30, 2015. The fair value of the warrants was determined based on the consideration of the enterprise value of the Company, the limited market of the shares issuable under the agreement and the Monte Carlo modeling valuations using volatility assumptions. Due to certain unobservable inputs in the fair value calculations of the warrants, derivative warrant liabilities are classified as Level 3. The debt conversion price on the 2015 subordinated convertible notes are subject to certain anti-dilution protection; for example, if the Company issues shares for a consideration less than the applicable conversion price, the conversion price is reduced to such amount. The lenders agreed to restrict their ability to convert the subordinated convertible note and receive shares of the Company if the number of shares of common stock beneficially held by the lenders and its affiliates in the aggregate after such conversion exceeds 9.99% of the then outstanding shares of common stock. However, this limitation does not preclude the lenders from converting notes payable into common stock after selling shares owned into the market. The Company has provided for piggy-back registration rights on any registration statement covering 110% of the maximum number of shares underlying these notes and warrants. The subordinated convertible promissory notes are secured by substantially all assets of the Company with the exception of lease equipment obligations and is subordinate to indebtedness with institutions or non-commercial lenders. 2014 Stock Purchase Agreement (SPA) with 10% Convertible Notes and Warrants During the nine months ended September 30, 2015, the Company issued four 10% subordinated convertible notes in the aggregate face amount of $70,000 due at various dates between January and March, 2016. Principal on these notes is convertible into common shares at the rate of $0.30 per share. In connection with these borrowings, the Company granted a total of 116,668 warrants with an exercise price of $0.35 per share and 5 year terms. The Company allocated the $1,441 of proceeds received to debt discount based on the computed fair value of the convertible notes and warrants issued. The warrants issued in connection with these notes have a “down round provision” and as a result, are classified as derivative liabilities for accounting purposes. During 2014, the Company issued four 10% subordinated convertible notes in the aggregate face amount of $146,000 due at various dates between August and December 2015. The principal on these notes is convertible into common shares at the rate of $0.30 per share. In connection with these borrowings the Company granted a total of 243,334 warrants with an exercise price of $0.35 per share and five year terms. The warrants issued have a “down round provision” and as a result are classified as derivative liabilities for accounting purposes. The Company and the note holders of two of the 10% subordinated convertible notes in the aggregate face amount of $125,000 extended the maturity of the notes to December 2015. The Company issued the note holders an aggregate of 100,000 shares of common stock as consideration for the extension. The fair value of the common shares issued was recorded as deferred financing costs amounting to $16,500, of which $10,000 was charged to operations as amortization during the three months ended September 30, 2015. As of September 30, 2015 and December 31, 2014, outstanding subordinated convertible notes had a face value of $216,000 and $146,000 and are presented net of unamortized debt discounts of $557 and $27,277 resulting in a carrying amount of $215,443 and $118,723, respectively. During the three and nine months ended September 30, 2015 the Company recorded $4,342 and $28,162, respectively, as amortization of debt discount on the 2014 SPA subordinated convertible notes. During the three and nine months ended September 30, 2014, the amortization of debt discount on the 2014 SPA subordinated convertible notes was $11,499. The fair value of the warrant liability related to subordinated convertible notes was $3,667 as of September 30, 2015. The debt conversion price on the 2014 subordinated convertible notes are subject to certain anti-dilution protection; for example, if the Company issues shares for a consideration less than the applicable conversion price, the conversion price is reduced to such amount. The lenders agreed to restrict their ability to convert the subordinated convertible note and receive shares of the Company if the number of shares of common stock beneficially held by the lenders and its affiliates in the aggregate after such conversion exceeds 4.99% of the then outstanding shares of common stock. However, this limitation does not preclude the lenders from converting notes payable into common stock after selling shares owned into the market. The Company has provided for piggy-back registration rights on any registration statement covering 110% of the maximum number of shares underlying these notes and warrants. The subordinated convertible promissory notes are secured by substantially all assets of the Company with the exception of lease equipment obligations and is subordinate to indebtedness with institutions or non-commercial lenders. KBM Worldwide, Inc. Securities Purchase Agreement On December 30, 2014, the Company received net proceeds of $50,000 as a result of the Securities Purchase Agreement with KBM Worldwide Inc. (“KBM”) for the sale of a Convertible Note (the “Note”) in the principal amount of $54,000. The principal advanced under the Note includes $4,000 in fees incurred by KBM related to the transaction. The KBM Securities Purchase Agreement, dated December 19, 2014 (“the KBM SPA”), bears interest at the rate of 8% per annum. In connection with the KBM SPA the Company is required to reserve a sufficient number of shares of its common stock (“the Common Stock”) for issuance upon full conversion of the Note in accordance with the terms thereof. The initial amount of shares reserved in connection with the KBM SPA and underlying Note was 2,500,000 shares. The Company incurred approximately $4,000 financing costs in connection with the note issuance that are fully expensed as of September 30, 2015. On April 17, 2015, the Company prepaid and retired the KBM note in the amount of $70,200. The Note, as described above, included a prepayment option which resulted the Company incurring a 30% prepayment premium of the principal amount ($16,200). In addition, the Company paid $1,278 in accrued interest. No amounts remain outstanding and payable to the holder of the Note subsequent to this payment. No shares of the Company stock were issued to the Note holder. During the three months ended March 31, 2015, the Company recorded a $5,400 gain on fair value of debt based upon the repayment date to a total fair value of $70,200. The fair value on the condensed consolidated balance sheet was $75,600 at December 31, 2014. Under FASB ASC 480 “Distinguishing Liabilities from Equity,” the Company determined the Notes were liabilities reported at fair value because the Notes may be settled by conversion into a variable number of common shares at fixed monetary amount, known at inception. The Notes were subsequently measured at fair value at each reporting period, with changes in fair value being recognized in earnings. The fair value of the Notes is measured by calculating possible outcomes of conversion to common shares and repayment of the Notes, then weighting the probability of each possible outcome according to management’s estimates. The fair value measurement is classified as a Level 3 in the valuation hierarchy. U-Vend Canada Convertible Notes The Company has two convertible 18% notes, payable in Canadian dollars that were acquired in connection with the U-Vend Canada merger on January 7, 2014. As of September 30, 2015 these convertible notes have a carrying value of $93,662. These convertible promissory notes reached maturity on July 26, 2014 and September 14, 2014 and are currently due. The note holders have the option of debt conversion at the lesser of 80% of the market price of the Company’s common stock on the date of maturity, conversion at $1.00 per share or cash repayment. The note holders continue to evaluate these options, as defined in the debt agreement, including extension of the debt maturity date. The fair value of the two convertible notes is measured by calculating possible outcomes of conversion to common shares and repayment of the Notes, then weighting the probability of each possible outcome according to management’s estimates. During the three months ended September 30, 2015, the Company recorded an unrealized gain on foreign currency related to these notes and the related accrued interest of $8,602 and an unrealized gain of $24,561 during the nine months ended September 30, 2015 . Unrealized foreign currency gains in the amount of $12,500 were recorded in the three and nine months ended September 30, 2014. Promissory Notes Payable During the three months ended September 30, 2015, the Company borrowed an aggregate of $23,833 pursuant to two promissory notes. The notes bear interest at 19% and the borrowings are repayable together with interest over a period of six months from the date of borrowing. During the first quarter of 2015, the Company issued an unsecured promissory note in the amount of $25,000 with an interest rate of 10% due and payable on with an original maturity date of June 30, 2015. The lender has agreed to extend the maturity of his note to December 31, 2015. Effective with this maturity extension the interest rate was increased to 12% effective July 1, 2015. During 2014, the Company issued an unsecured promissory note to a former employee of U-Vend Canada. The original amount of this note was $10,512 has a term of 3 years and accrues interest at 17% per annum. The total principal outstanding on this promissory note at September 30, 2015 and December 31, 2014 was $6,235. During 2014, the Company issued a $10,000 unsecured promissory note due and originally payable on November 30, 2014. In connection with this borrowing the Company granted 41,667 warrants with an exercise price of $0.24 per share and a 2 year term. The Company valued the warrants at fair value of $1,970 reflecting a debt discount on the promissory note. The carrying value of this note at September 30, 2015 and December 31, 2014 was $10,000. The Company and the lender agreed to a revised maturity date on this promissory note and has extended the maturity to December 31, 2015. In connection with this new repayment date, the interest rate on the promissory note have been modified to 9.5%. During 2014, the Company issued a $40,000 unsecured promissory note with a 10% interest rate and a maturity of December 19, 2015. 2014 Perkin Industries, LLC Equipment Financing On October 23, 2014, the Company entered into a 24 month equipment financing agreement with Perkin Industries, LLC (“the Lender”) for equipment and working capital in the amount of $250,000 with an annual interest rate of 15%. The assets financed consisted of self-service electronic kiosks, freezers, coin and inventory were placed in service in the Company’s southern California region. The Company is obligated to pay interest only in accordance with the agreement on a monthly basis over the term of the agreement. The agreement includes a put/call option that allows the Lender to put 50% of the equipment back or the Company to call for $125,000 at the end of year one. If the year one put and/or call is exercised, the monthly interest-only payment under the agreement is reduced by 50%. At the end of year two, the Lender shall have the option to put the remaining 50% of the equipment back to the Company or the Company to call for $125,000. If the year one put /or call is not exercised by either party, the Lender shall be permitted to put 100% of the equipment back to the Company for $250,000. The Lender received 200,000 warrants with an exercise price of $0.35 per share and a term of three years in connection with this financing which was recorded as a debt discount and derivative warrant liability due to the “down round provision” in the amount of $2,471. The carrying value on this financing is $250,000 at September 30, 2015 and $248,044, net of $1,956 in debt discount at December 31, 2014. 2015 Perkin Industries, LLC Equipment Financing On January 8, 2015, the Company entered into a 24 month equipment financing agreement with Perkin Industries, LLC (“the Lender”) for equipment in the amount of $65,750 with an annual interest rate of 15%. The assets financed consisted of self-service electronic kiosks were placed in service in the Company’s southern California region. The Company is obligated to pay interest only in accordance with the agreement on a monthly basis over the term of the agreement. The agreement includes a put/call option that allows the Lender at the end of year one to put 50% of the equipment back to the Company or the Company to call for $32,875. If the year one put and/or call is exercised, the monthly interest-only payment under the agreement is reduced by 50%. At the end of year two, the Lender shall have the option to put the remaining 50% of the equipment back to the Company or the Company to put for $32,875. If the year one put /or call is not exercised by either party, the Lender shall be permitted to put 100% of the equipment back to the Company for $65,750. The Lender received 52,600 warrants with an exercise price of $0.35 per share and a term of three years in connection with this financing which was recorded as a debt discount and derivative warrant liability due to the “down round provision” in the amount of $650. The carrying value of this financing is $65,532, net of $218 debt discount at September 30, 2015. The fair value of the warrant liability related to 2014 and 2015 Perkin equipment financing obligations was $2,573 as of September 30, 2015. Total amortization of debt discount related to 2014 and 2015 Perkin equipment financing during the three and nine months ended September 30, 2015 was $885 and $2,388, respectively. Deferred Financing Costs Financing costs associated with the Senior Secured Convertible Note (See Note 3) and certain of the Subordinated Convertible Notes payable (see Note 4) are included in deferred financing costs on the condensed consolidated balance sheets at September 30, 2015 and December 31, 2014. These costs are amortized over the term of the respective notes. The Company incurred approximately $57,000 of financing costs during the nine months ended September 30, 2015, including $16,500 related to maturity extensions of two convertible notes. Amortization of financing costs in the three and nine months ended September 30, 2015 was $32,315 and $80,436, respectively. Amortization of financing costs in the three and nine months ended September 30, 2014 was $14,719 and $36,244, respectively.

CAPITAL LEASE OBLIGATIONS

CAPITAL LEASE OBLIGATIONS	9 Months Ended
	Sep. 30, 2015
Capital Lease Obligations [Abstract]
CAPITAL LEASE OBLIGATIONS	NOTE 5. CAPITAL LEASE OBLIGATIONS In connection with the merger on January 7, 2014, the Company acquired the capital assets and outstanding lease obligations of U-Vend Canada. In 2013, the Company and U-Vend Canada jointly entered into a term sheet dated October 15, 2013 with a financing company (“Lessor”) to provide for equipment lease financing in the aggregate amount of $1 million. All amounts borrowed under the lease financing agreement are secured by the leased equipment. The Company will use this financing to acquire certain equipment to be used in direct income producing activities. Since the inception of this lease financing agreement, the Company has acquired leased equipment for $465,500 pursuant to financing by the Lessor. As per the terms of the agreement with the Lessor, the Company is obligated to pay annual lease payments as summarized below and also buy the equipment from the Lessor at the lease maturity in 2017. Accordingly, the lease has been treated as a capital lease. The following schedule provides minimum future rental payments required as of September 30, 2015, under capital leases which have a remaining non-cancelable lease term in excess of one year: 2015 68,178 2016 126,822 2017 25,831 Total minimum lease payments 220,831 Guaranteed residual value 206,833 427,664 Less: Amount represented interest (53,984 ) Present value of minimum lease payments and guaranteed residual value 373,680 Less: Current portion of capital lease obligations (94,989 ) Long term capital lease obligations and guaranteed residual value 278,691 Less: Unamortized debt discount on capital leases (26,556 ) Long term capital lease obligations and guaranteed residual value, net $ 252,135 Equipment held under capital leases at September 30, 2015 had a cost of $465,500 and accumulated depreciation of $115,805. The Company and the Lessor entered into a registration rights agreement covering the registration of 110% of common stock underlying the Warrants. The Company was required to file a registration statement within 45 days after completion of the acquisition of U-Vend Canada and meet an effectiveness deadline of 90 days after the closing date of the acquisition, 120 days if the Securities and Exchange Commission provides comment. The Company met the filing and effectiveness criteria, as extended by the Lessor on April 2014, on November 21, 2014 which resulted in a penalty of $7,922 which is reflected in the condensed consolidated balance sheet at September 30, 2015 and December 31, 2014. The Lessor has extended the due day for this payment until December 31, 2015. The Company believes no additional liability will be incurred under this agreement as the underlying shares are now eligible for sale in accordance with Rule 144.

STOCKHOLDERS' DEFICIENCY

STOCKHOLDERS' DEFICIENCY	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' DEFICIENCY	NOTE 6. STOCKHOLDERS’ DEFICIENCY The Company has authorized shares of common stock of 600,000,000 shares. Shares Outstanding Common Stock Additional Paid-in Capital Accumulated Deficit Total Stockholders’ Deficiency Balance at December 31, 2014 10,151,390 $ 10,151 $ 2,832,392 $ (3,776,848) $ (934,305) Stock based compensation 500,000 499 111,932 - 112,431 Shares issued for services 1,155,000 1,155 194,318 - 195,473 Shares issued on debt conversion 100,000 100 4,900 - 5,000 Common shares issued for capital lease obligation 711,417 711 163,810 - 164,521 Warrants exercised 925,000 925 57,609 - 58,534 Shares issued on earn out of contingent consideration 2,261,425 2,261 270,014 - 272,275 Warrants issued for services - - 9,695 - 9,695 Shares issued for debt extension 100,000 100 16,400 16,500 Net loss - - - (1,431,764) (1,431,764) Balance at September 30, 2015 15,904,232 $ 15,902 $ 3,661,070 $ (5,208,612) $ (1,531,640) During the nine months ended September 30, 2015, the Company granted options to acquire 4,280,000 shares of its common shares pursuant to the Company's Stock Option plan and also granted 500,000 restricted shares to an officer with a three year vesting. During the three and nine months ended September 30, 2015, $112,431 was charged to operations as stock based compensation costs for the options and the restricted shares granted. At September 30, 2015, there was approximately $367,165 of unrecognized compensation cost related to non-vested options and stock grants that is expected to be recognized over a period of approximately three years. During the nine months ended September 30, 2015, the Company issued 925,000 shares of common stock upon exercise of warrants resulting in cash proceeds of $55,000 to the Company and $3,534 of warrant liability was reclassified as additional paid in capital. In addition, the Company issued 100,000 shares of its common stock upon conversion of a senior convertible note in the face amount of $5,000. During the nine months ended September 30, 2015, the Company issued 711,417 shares of common stock with a fair value of $164,251 to pay capital leases obligations, interest and penalty related to the capital leases. During the nine months ended September 30, 2015, the Company issued 1,155,000 shares of common stock with a fair value of $195,473 and warrants with a fair value of $69,695 to consultants for services rendered. At September 30, 2015 the Company had the following warrant securities outstanding: Warrants Exercise Price Expiration 2011 Private placement warrants 12,500 $ 60.00 March 2018 2013 Series A warrants Senior convertible notes 5,200,000 $ 0.05 June 2016-December 2016 2013 Series B warrants Senior convertible notes 6,000,000 $ 0.06 June 2018-December 2018 2013 Issued with lease obligation 861,250 $ 0.12 October 2016 2014 Acquired in U-Vend Canada merger 517,335 $ 0.24 October 2015-January 2016 2014 Series A warrants Senior convertible notes 6,000,000 $ 0.05 January 2017-November 2017 2014 Series B warrants Senior convertible notes 6,000,000 $ 0.06 January 2019-November 2019 2014 Warrants for services 18,480 $ 0.01 January 2016 2014 Warrants for services 420,000 $ 0.35 August 2019-December 2019 2014 Warrants for services 35,000 $ 0.24 January 2016 2014 Warrants for services 770,000 $ 0.05 October 2015-December 2015 2014 Warrants for services 1,184,000 $ 0.06 June 2018-December 2018 2014 Issued to Director for debt 729,166 $ 0.24 November 2016-July 2017 2014 Issued with 2014 SPA convertible debt 243,334 $ 0.35 August 2019-December 2019 2014 Issued with equipment financing obligation 200,000 $ 0.35 October 2017 2014 issued with lease obligation 246,563 $ 0.20 March 2017 2014 issued with lease obligation 483,889 $ 0.18 May 2016 2014 Issued with promissory note 41,667 $ 0.18 May 2017 2015 Issued with 2014 SPA convertible debt 116,668 $ 0.35 January 2020-March 2020 2015 Issued with convertible financing obligation 52,600 $ 0.35 January 2018 2015 Issued for services 400,400 $ 0.35 February 2020-September 2020 2015 Issued with 2015 SPA convertible debt 651,667 $ 0.40 April 2020- September 2020 2015 Warrants issued for equipment 200,000 $ 0.35 January 2020 30,384,519 During the nine months ended September 30, 2015 849,001 warrants expired unexercised.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	NOTE 7. FAIR VALUE OF FINANCIAL INSTRUMENTS The following table provides a summary of changes in derivative warrant liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2015 and the year ended December 31, 2014. September 30, 2015 December 31, 2014 Balance at beginning of period $ 309,993 $ 214,609 Allocation of proceeds related to convertible and promissory notes to derivative liabilities due to “down round” provision 9,696 285,269 Reclassification of warrant liability as additional paid in capital upon exercise of warrants (3,534) - Equipment purchased with warrants classified as derivative liabilities due to “down round” provision 50,100 - Allocation of proceeds related to subordinated convertible notes and equipment financing obligation as derivative liabilities due to “down round” provision - 6,951 Extinguishment of June 18, 2013, August 21, 2013 and October 17, 2013 senior convertible notes - (87,921) Warrants classified as derivative liabilities due to inadequate shares authorized to accommodate the exercise of all outstanding equity instruments - 43,108 Adjustment of warrants classified as derivatives to additional paid-in capital as a result of adequate authorized due to reverse stock split on May 16, 2014 - (52,833) Unrealized gain on fair value adjustment (62,343 ) (99,190 ) $ 303,912 $ 309,993 The fair value of warrants outstanding at September 30, 2015 and December 31, 2014 has been determined based on the consideration of the enterprise value of the Company, the limited market of the shares issuable under the agreement and modeling of the Monte Carlo simulation using multiple volatility assumptions. Warrants issued in and prior to 2012 are significantly out of the money and diluted therefore, management has deemed the fair value of these to be de minimis. Due to certain unobservable inputs in the fair value calculations of the warrants, derivative warrant liabilities are classified as Level 3.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8. COMMITMENTS AND CONTINGENCIES National Hockey League Retail License and Sponsorship Agreement On February 27, 2015 U-Vend, Inc. announced a multi-year, Corporate Marketing Letter Agreement (the “Agreement”) with the National Hockey League. The Agreement includes the usage of NHL® team branded marks on the Company’s Frozen Pond Premium Ice Cream™ for the period commencing March 1, 2015 through June 30, 2020 in retail distributions including mass merchants, specialty shops, convenience stores and in the Company’s specialty kiosks in North America. The Company entered into the Agreement with NHL Enterprises, L.P, NHL Enterprises Canada, L.P. and NHL Interactive CyberEnterprises, LLC (collectively referred to as the “NHL” and the “Licensors”) and includes a retail license agreement, a corporate sponsorship and a marketing agreement. In connection with the Agreement, the Company shall pay to the NHL a royalty payment of five percent (5%) on net sales as well as fees attributable to national advertising, promotion and corporate marketing and branding events. The Agreement also provides for customary representations, warranties, and indemnification from the parties. The following schedule provides minimum future payments for each of the periods ending June 30, 2016 through 2020 as defined in the NHL license and sponsorship agreements as of September 30, 2015 remeasured from Canadian dollars to U. S. dollars at the spot rate on September 30, 2015: For the period June 30, 2016 June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020 Total Sponsorship fee $ 374,650 $ 524,510 $ 636,905 $ 636,905 $ 636,905 $ 2,809,875 Minimum royalty 224,790 374,650 449,580 524,510 674,370 2,247,900 Media commitment 149,860 149,860 149,860 149,860 149,860 749,300 Product in kind 1,499 1,499 1,499 1,499 1,499 7,495 Total commitment $ 750,799 $ 1,050,519 $ 1,237,844 $ 1,312,774 $ 1,462,634 $ 5,814,570 No payments were made to the NHL under this agreement as of September 30, 2015. The Sponsorship and Minimum royalty payments due to the NHL (in Canadian dollars) are as follows in the initial period: $200,000 on November 15, 2015, $200,000 on January 15, 2016 and $400,000 on April 15, 2016. The company has accrued $230,004 of this total commitment as of September 30, 2015. As part of the agreement, the NHL has commitments to the Company including a retail royalty fund which partially reduces the total commitment above. Operating Lease Obligations The Company has two operating lease agreements for warehouse space, one in the greater Chicago, Illinois area and one in southern California. The Chicago warehouse lease is for a term of 65 months commencing in November 2013 and requires a monthly rent of $1,875 with annual scheduled rent increases. The California warehouse lease is for a term of 12 months commencing in January 2015 and requires a monthly rent of $2,464 and 2.7% share of common area operating charges. The Company also has a vehicle lease in the Chicago area for use in product distribution and sales efforts. The Chicago vehicle lease is for a term of 48 months commencing in October 2013 and requires a monthly payment of $670.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2015
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9. SUBSEQUENT EVENTS The Company acquired and installed 15 additional kiosks in November 2015. The equipment acquisition of approximately $72,000 was financed by an equipment lease financing that requires interest only payment of $900 a month for the first 24 months. In November 2015, the Company issued 9.5% subordinated convertible debenture for a face value of $50,000. The note is convertible to shares of the Company's common stock at the rate of $0.30 per share and also issued warrants to acquire 83,334 shares of the Company's common stock at an exercise price of $0.40. The Warrants have a "down round" provision. In November 2015, the Company sold in a private sale 970,589 shares of its common stock for an aggregate consideration of $165,000 and also issued warrants to acquire 485,295 shares of the Company's common stock at an exercise price of $0.30. In November 2015, the Company entered into consulting agreements with two consultants and issued an aggregate of 150,000 shares for services to be rendered.

NATURE OF BUSINESS AND SUMMAR15

NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Mangement's Plan and Basis of Presentation	Management's plans The accompanying unaudited consolidated financial statements have been prepared on a going concern basis. The Company incurred a loss of $1,431,764 during the nine months ended September 30, 2015, has incurred accumulated losses totaling $5,208,612, and has a working capital deficit of approximately $2,680,654 at September 30, 2015. These factors, among others, indicate that the Company may be unable to continue as a going concern. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. To fund the Company’s operations for the next 12 months, to allow the Company to continue the development of its business plans and satisfy its obligations on a timely basis the Company needs to raise additional financing..Should additional financing not be available, the Company will have to negotiate with its lenders to extend the repayment dates of its indebtedness. There can be no assurance that the Company will be able to successfully restructure its debt obligations in the event it fails to obtain additional financing. On January 7, 2014, U-Vend, Inc. (formerly Internet Media Services, Inc. (“IMS”)) entered into an Exchange of Securities Agreement with U-Vend Canada, Inc., and the shareholders of U-Vend Canada, Inc. (“U-Vend Canada”) The Company believes the merger with U-Vend Canada will provide it with business operations and also working capital. The Company is in discussion to raise additional capital to execute on its current business plans. There is no assurance that future financing arrangements will be successful or that the operating results of U-Vend, Inc. will yield sufficient cash flow to execute the Company’s business plans or satisfy its obligations. The accompanying condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Basis of Presentation - The preparation of financial statements, in conformity with accounting principles generally accepted in the United States (U.S. GAAP), requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates and assumptions.
Principles of Consolidation	Principles of Consolidation
Inventory	Inventory -
Property and Equipment	Property and Equipment
Long lived assets, Identifiable Intangible Assets and Goodwill	Long lived assets, Identifiable Intangible Assets and Goodwill Assessment for possible impairment is based on the Company’s ability to recover the carrying value of the long-lived asset from the expected future pre-tax cash flows. The expected future pre-tax cash flows are estimated based on historical experience, knowledge and market data. Estimates of future cash flows require the Company to make assumptions and to apply judgment, including forecasting future sales, capital investments and expenses and estimating the useful lives of assets. If the expected future cash flows related to the long-lived assets are less than the assets’ carrying value, an impairment charge is recognized for the difference between estimated fair value and carrying value. When performing our evaluation of goodwill for impairment, if we conclude qualitatively that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount, then the two-step impairment test is not required. If we are unable to reach this conclusion, then we would perform the two-step impairment test. Initially, the fair value of the reporting unit is compared to its carrying amount. To the extent the carrying amount of a reporting unit exceeds the fair value of the reporting unit; we are required to perform a second step, as this is an indication that the reporting unit goodwill may be impaired. In this step, we compare the implied fair value of the reporting unit goodwill with the carrying amount of the reporting unit goodwill and recognize a charge for impairment to the extent the carrying value exceeds the implied fair value. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit to all of the assets (recognized and unrecognized) and liabilities of the reporting unit in a manner similar to a purchase price allocation. The residual fair value after this allocation is the implied fair value of the reporting unit goodwill. There are inherent assumptions and estimates used in developing future cash flows requiring management judgment in applying these assumptions and estimates to the analysis of identifiable intangibles and asset impairment including projecting revenues, interest rates and the cost of capital. Many of the factors used in assessing fair value are outside our control and it is reasonably likely that assumptions and estimates will change in future periods. These changes can result in future impairments. In the event our planning assumptions were modified resulting in impairment to our assets, the associated expense would be included in the condensed consolidated statements of operations, which could materially impact our business, financial condition and results of operations. Management's forecasts of future earnings are largely dependent on future cash infusion or incremental borrowing to fund our projected growth as well as current operations. If our business plans result in significant delays in implementation and sales of our products are not in alignment with our projections, a future impairment charge could result for a portion or all of the goodwill noted previously.
Common Shares Issued and Earnings Per Common Share	Common Shares Issued and Earnings Per Share As of September 30, 2015, there were approximately 44.9 million (40.9 million at September 30, 2014) shares potentially issuable under convertible debt agreements, options, and warrants that could dilute basic earnings per share in the future that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive to the Company’s losses during the periods presented. The shares potentially issuable excludes 2.3 million shares of common stock as contingent consideration related to the merger of U-Vend Canada, Inc. (see Note 2).
1 for 200 Stock Split and Change in trading symbol effective May 16, 2014 and Preferred Stock Authorized	1 for 200 stock split and change in trading symbol effective May 16, 2014 - Preferred Stock Authorized -
Fair Value of Financial Instruments	Fair Value of Financial Instruments - 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. FASB ASC 820 “Fair Value Measurement” establishes 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 1 measurements) 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.
Derivative Financial Instruments	Derivative Financial Instruments
Share-Based Compensation Expense	Share-Based Compensation Expense –
Revenue Recognition	Revenue Recognition
Reclassifications	Reclassifications
Accounting Pronouncements	Accounting Pronouncements In May 2014, the FASB issued new accounting guidance on revenue from contracts with customers. The new guidance requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods and services to customers. The updated guidance will replace most existing revenue recognition guidance in GAAP when it becomes effective. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. We are currently evaluating the effect the updated standard will have on our consolidated financial statements and related disclosures. In April 2015, the FASB issued new accounting guidance on the presentation of debt issuance costs. The new guidance requires that debt issuance costs related to a note be presented as a direct deduction from that note. This guidance is effective for financial statements issued for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. Weare currently evaluating the effect the updated standard will have on our consolidated financial statements and related disclosures.

MERGER WITH U-VEND CANADA, IN16

MERGER WITH U-VEND CANADA, INC. (Tables)	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Schedule of purchase price consideration	The contingent consideration represented by the earn-out shares were also measured using a split adjusted price of $0.14 per share, discounted for the probability that the shares will be issued in the future upon achievement of the revenue targets defined. Consideration: Fair value of 3,500,000 shares of common stock issued at $0.14 on January 7, 2014 $ 490,000 Fair value of 4,522,850 shares of common stock measured at $0.14, discounted for the probability of achievement 246,568 736,568 Discount for restrictions (103,118 ) Effective settlement of intercompany payable due to U-Vend, Inc. 174,899 Total purchase price $ 808,349
Schedule of allocation of purchase price	The following table summarizes the allocation of the purchase price for the acquisition of U-Vend Canada. Cash $ 11,132 Inventory 15,253 Prepaid expense 350 Property and equipment 232,835 Security deposits 6,631 Intangible assets- Operating Agreement 434,000 Goodwill 642,340 Accounts payable and accrued expenses (135,634) Notes payable (170,517) Capital lease obligations (153,041) Deferred tax liability (75,000) Total purchase price $ 808,349

CAPITAL LEASE OBLIGATIONS (Tabl

CAPITAL LEASE OBLIGATIONS (Tables)	9 Months Ended
	Sep. 30, 2015
Capital Lease Obligations Tables
Schedule of minimum future rental payments	The following schedule provides minimum future rental payments required as of September 30, 2015, under capital leases which have a remaining non-cancelable lease term in excess of one year: 2015 68,178 2016 126,822 2017 25,831 Total minimum lease payments 220,831 Guaranteed residual value 206,833 427,664 Less: Amount represented interest (53,984 ) Present value of minimum lease payments and guaranteed residual value 373,680 Less: Current portion of capital lease obligations (94,989 ) Long term capital lease obligations and guaranteed residual value 278,691 Less: Unamortized debt discount on capital leases (26,556 ) Long term capital lease obligations and guaranteed residual value, net $ 252,135

STOCKHOLDERS' DEFICIENCY (Table

STOCKHOLDERS' DEFICIENCY (Tables)	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Schedule of stockholders equity	The Company has authorized shares of common stock of 600,000,000 shares. Shares Outstanding Common Stock Additional Paid-in Capital Accumulated Deficit Total Stockholders’ Deficiency Balance at December 31, 2014 10,151,390 $ 10,151 $ 2,832,392 $ (3,776,848) $ (934,305) Stock based compensation 500,000 499 111,932 - 112,431 Shares issued for services 1,155,000 1,155 194,318 - 195,473 Shares issued on debt conversion 100,000 100 4,900 - 5,000 Common shares issued for capital lease obligation 711,417 711 163,810 - 164,521 Warrants exercised 925,000 925 57,609 - 58,534 Shares issued on earn out of contingent consideration 2,261,425 2,261 270,014 - 272,275 Warrants issued for services - - 9,695 - 9,695 Shares issued for debt extension 100,000 100 16,400 16,500 Net loss - - - (1,431,764) (1,431,764) Balance at September 30, 2015 15,904,232 $ 15,902 $ 3,661,070 $ (5,208,612) $ (1,531,640)
Schedule of outstanding warrant securities	At September 30, 2015 the Company had the following warrant securities outstanding: Warrants Exercise Price Expiration 2011 Private placement warrants 12,500 $ 60.00 March 2018 2013 Series A warrants Senior convertible notes 5,200,000 $ 0.05 June 2016-December 2016 2013 Series B warrants Senior convertible notes 6,000,000 $ 0.06 June 2018-December 2018 2013 Issued with lease obligation 861,250 $ 0.12 October 2016 2014 Acquired in U-Vend Canada merger 517,335 $ 0.24 October 2015-January 2016 2014 Series A warrants Senior convertible notes 6,000,000 $ 0.05 January 2017-November 2017 2014 Series B warrants Senior convertible notes 6,000,000 $ 0.06 January 2019-November 2019 2014 Warrants for services 18,480 $ 0.01 January 2016 2014 Warrants for services 420,000 $ 0.35 August 2019-December 2019 2014 Warrants for services 35,000 $ 0.24 January 2016 2014 Warrants for services 770,000 $ 0.05 October 2015-December 2015 2014 Warrants for services 1,184,000 $ 0.06 June 2018-December 2018 2014 Issued to Director for debt 729,166 $ 0.24 November 2016-July 2017 2014 Issued with 2014 SPA convertible debt 243,334 $ 0.35 August 2019-December 2019 2014 Issued with equipment financing obligation 200,000 $ 0.35 October 2017 2014 issued with lease obligation 246,563 $ 0.20 March 2017 2014 issued with lease obligation 483,889 $ 0.18 May 2016 2014 Issued with promissory note 41,667 $ 0.18 May 2017 2015 Issued with 2014 SPA convertible debt 116,668 $ 0.35 January 2020-March 2020 2015 Issued with convertible financing obligation 52,600 $ 0.35 January 2018 2015 Issued for services 400,400 $ 0.35 February 2020-September 2020 2015 Issued with 2015 SPA convertible debt 651,667 $ 0.40 April 2020- September 2020 2015 Warrants issued for equipment 200,000 $ 0.35 January 2020 30,384,519

FAIR VALUE OF FINANCIAL INSTR19

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of change in fair value of derivative warrant liabilities	The following table provides a summary of changes in derivative warrant liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2015 and the year ended December 31, 2014. September 30, 2015 December 31, 2014 Balance at beginning of period $ 309,993 $ 214,609 Allocation of proceeds related to convertible and promissory notes to derivative liabilities due to “down round” provision 9,696 285,269 Reclassification of warrant liability as additional paid in capital upon exercise of warrants (3,534) - Equipment purchased with warrants classified as derivative liabilities due to “down round” provision 50,100 - Allocation of proceeds related to subordinated convertible notes and equipment financing obligation as derivative liabilities due to “down round” provision - 6,951 Extinguishment of June 18, 2013, August 21, 2013 and October 17, 2013 senior convertible notes - (87,921) Warrants classified as derivative liabilities due to inadequate shares authorized to accommodate the exercise of all outstanding equity instruments - 43,108 Adjustment of warrants classified as derivatives to additional paid-in capital as a result of adequate authorized due to reverse stock split on May 16, 2014 - (52,833) Unrealized gain on fair value adjustment (62,343 ) (99,190 ) $ 303,912 $ 309,993

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of minimum future payments	The following schedule provides minimum future payments for each of the periods ending June 30, 2016 through 2020 as defined in the NHL license and sponsorship agreements as of September 30, 2015 remeasured from Canadian dollars to U. S. dollars at the spot rate on September 30, 2015: For the period June 30, 2016 June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020 Total Sponsorship fee $ 374,650 $ 524,510 $ 636,905 $ 636,905 $ 636,905 $ 2,809,875 Minimum royalty 224,790 374,650 449,580 524,510 674,370 2,247,900 Media commitment 149,860 149,860 149,860 149,860 149,860 749,300 Product in kind 1,499 1,499 1,499 1,499 1,499 7,495 Total commitment $ 750,799 $ 1,050,519 $ 1,237,844 $ 1,312,774 $ 1,462,634 $ 5,814,570

NATURE OF BUSINESS AND SUMMAR21

NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Net loss	$ (619,039)	$ (286,121)	$ (1,431,764)	$ (1,451,611)
Accumulated deficit	(5,208,612)		(5,208,612)		$ (3,776,848)
Working capital deficit	2,680,654		2,680,654
Reserve for spoilage and product losses	7,500		7,500		$ 7,500
Depreciation	$ 31,666	$ 21,324	$ 90,058	$ 43,324
Anti-dilutive shares excluded from calculation			44,900,000	40,900,000
Preferred stock, shares authorized	10,000,000		10,000,000		10,000,000
Reverse stock split date			Effective May 16, 2014
Number of shares issued or issuable for acquisition			2,300,000
Electronic kiosks and related equipment [Member] | Minimum [Member]
Estimated useful lives			5 years
Electronic kiosks and related equipment [Member] | Maximum [Member]
Estimated useful lives			7 years

MERGER WITH U-VEND CANADA, IN22

MERGER WITH U-VEND CANADA, INC. (Details Narrative) - USD ($)	Jan. 07, 2014	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Jan. 05, 2014
Number of shares issued or issuable for acquisition				2,300,000
Common stock par value (in dollars per share)				$ 0.001		$ 0.001
Common stock issued for acquisition				$ 272,275
Amortization expense of intangibles				65,100	$ 65,099	$ 86,800
Estimated amortization expense				86,800
Reversal of contingent consideration				(201,013)	$ (4,215)
U-Vend Canada, Inc [Member]
Common stock par value (in dollars per share)	$ 0.001
Number of shares issued to advisers in connection with acquisition for services	1,354,111
Broker, advisory and professional fees	$ 264,000
Common stock issued for acquisition, shares	3,500,000
Common stock issued for acquisition	$ 490,000
Liability for contingent consideration	$ 246,568					$ 473,289
Share price (in dollars per share)	$ 0.14
Deferred tax liability - acquired assets	$ 75,000						$ 164,920
Adjustment of deferred tax liability and related goodwill during measurment period	$ 89,920
Reversal of contingent consideration				$ (201,013)
U-Vend Canada, Inc [Member] | Mr. Raymond Meyers [Member]
Number of shares issued to advisers in connection with acquisition for services	389,520
U-Vend Canada, Inc [Member] | Earn Out Provision [Member]
Number of shares issued or issuable for acquisition	4,522,850		2,261,425
Common stock issued for acquisition, shares		2,261,425
U-Vend Canada, Inc [Member] | Earn Out Provision [Member] | Maximum [Member]
Consolidated gross revenue target, percentage	99.00%
U-Vend Canada, Inc [Member] | Earn Out Provision [Member] | Minimum [Member]
Consolidated gross revenue target, percentage	80.00%
U-Vend Canada, Inc [Member] | Earn Out Provision [Member] | Neelin and Hope - $1m Gross Revenue [Member]
Number of shares issued or issuable for acquisition	2,261,425
Consolidated gross revenue target	$ 1,000,000
U-Vend Canada, Inc [Member] | Earn Out Provision [Member] | Neelin and Hope - $2m Gross Revenue [Member]
Number of shares issued or issuable for acquisition	2,261,425
Consolidated gross revenue target	$ 2,000,000

MERGER WITH U-VEND CANADA, IN23

MERGER WITH U-VEND CANADA, INC. (Details) - U-Vend Canada, Inc [Member]	Jan. 07, 2014USD ($)
Consideration:
Fair value of shares of IMS common stock	$ 490,000
Gross total estimated purchase price	736,568
Discount for restrictions	(103,118)
Effective settlement of intercompany payable due to U-Vend, Inc.	174,899
Total purchase price	808,349
Earn Out Provision [Member]
Consideration:
Fair value of shares of IMS common stock	$ 246,568

MERGER WITH U-VEND CANADA, IN24

MERGER WITH U-VEND CANADA, INC. (Details 1) - USD ($)	Sep. 30, 2015	Dec. 31, 2014	Jan. 07, 2014
Allocation of Purchase Price
Goodwill	$ 642,340	$ 642,340
U-Vend Canada, Inc [Member]
Allocation of Purchase Price
Cash			$ 11,132
Inventory			15,253
Prepaid expense			350
Property and equipment			232,835
Security deposits			6,631
Intangible assets- Operating Agreement			434,000
Goodwill			642,340
Accounts payable and accrued expenses			(135,634)
Notes payable			(170,517)
Capital lease obligations			(153,041)
Deferred tax liability			(75,000)
Total purchase price			$ 808,349

SENIOR CONVERTIBLE NOTES (Detai

SENIOR CONVERTIBLE NOTES (Details Narrative) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Carrying value of Senior Notes	$ 357,756			$ 357,756		$ 319,014
Debt discount amortized in the period	14,498	$ 106,086		43,742	$ 275,505
Amortization of financing costs	32,315	14,719		80,436	36,244
Registration right agreement, penalty amount	$ 7,922			$ 7,922		7,922
Warrants	30,384,519			30,384,519
Gains on extinguishment of debt		$ (7,632)			114,266
Senior Convertible Note Payable [Member]
Common stock issued upon conversion of debt, shares				100,000
Common stock issued upon conversion of debt				$ 5,000
Price per share	$ 0.05			$ 0.05
Face amount of debt	$ 377,500			$ 377,500		377,500
Unamortized debt discount	14,744			14,744		58,486
Carrying value of Senior Notes	357,756			357,756		$ 319,014
Fair value of warrant liability	240,935			$ 240,935
Number of days written notice of intent to convert debt				61 days
Registration right agreement, penalty amount	$ 14,234			$ 14,234
Registration right agreement, penalty percentage				1.00%
Registration right agreement, number of days to file				120 days
Registration right agreement, effectiveness deadline				165 days
Registration right agreement, effectiveness deadline with SEC comments				195 days
Senior Convertible Note Payable [Member] | Maximum [Member]
Conversion provision - ownership of common stock	4.99%			4.99%
Senior Convertible Note Payable [Member] | Minimum [Member]
Conversion provision - ownership of common stock	4.99%			4.99%
Senior Convertible Notes 2013 [Member]
Conversion Price			$ 0.20
Number of common shares to be issued if debt note is converted			750,000
Gains on extinguishment of debt					$ 122,000
Senior Convertible Notes 2013 [Member] | Series A Warrants [Member]
Exercise price of warrants exercised			$ 0.20
Warrants			1,125,000
Warrant expiration period					1 month 24 days
Senior Convertible Notes 2013 [Member] | Series B Warrants [Member]
Exercise price of warrants exercised			$ 0.24
Warrants			1,125,000
Warrant expiration period					5 years
Amended Senior Convertible Notes 2013 [Member]
Conversion Price			$ 0.05
Number of common shares to be issued if debt note is converted			3,000,000
Minimum adjusted coversion price			$ 0.03
Amended Senior Convertible Notes 2013 [Member] | Series A Warrants [Member]
Exercise price of warrants exercised	$ 0.05			$ 0.05
Warrants	4,500,000			4,500,000
Warrant expiration period				2 years
Amended Senior Convertible Notes 2013 [Member] | Series B Warrants [Member]
Exercise price of warrants exercised	$ 0.06			$ 0.06
Warrants	4,500,000			4,500,000
Warrant expiration period				5 years
SPA Senior Convertible Notes[Member]
Face amount of debt			$ 70,000
Conversion Price			$ 0.05
Minimum adjusted coversion price			$ 0.03
Interest rate on debt			7.00%
SPA Senior Convertible Notes[Member] | Series A Warrants [Member]
Exercise price of warrants exercised			$ 0.05
Warrants			2,100,000
SPA Senior Convertible Notes[Member] | Series B Warrants [Member]
Exercise price of warrants exercised			$ 0.06
Warrants			2,100,000

CONVERTIBLE NOTES PAYABLE AND26

CONVERTIBLE NOTES PAYABLE AND PROMISSORY NOTES PAYABLE (Details Narrative)	Dec. 30, 2014USD ($)shares	Jan. 07, 2014Number	Sep. 30, 2015USD ($)Number$ / shares	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)$ / shares	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)Number$ / sharesshares	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)Number$ / sharesshares	Jul. 02, 2015	Apr. 17, 2015USD ($)	Jan. 08, 2015USD ($)	Dec. 19, 2014USD ($)	Oct. 23, 2014USD ($)
Debt Instrument [Line Items]
Warrant exercised (in shares) | shares							925,000
Registration right agreement, percentage of common stock underlying the warrants			110.00%				110.00%
Debt instrument beneficial conversion							$ 9,696	$ 387,942
Unrealized gain on foreign currency			$ 8,602			$ 12,500	24,561	12,500
Amortization of debt discount			14,498			106,086	43,742	275,505
Financing costs							57,000
Amortization of financing costs			32,315			14,719	80,436	36,244
Shares issued for debt extension							$ 16,500
9.5% Subordinated Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Number of notes issued | Number							10
Debt instrument face amount			391,000				$ 391,000
Carrying value of Senior Notes			386,113				386,113
Borrowing capacity under term sheet			$ 1,000,000				$ 1,000,000
Debt instrument conversion common stock per share | $ / shares			$ 0.30				$ 0.30
Warrants granted with convertible debt | shares							651,667
Warrant exercise price | $ / shares			$ 0.40				$ 0.40
Warrant expiration period							5 years
Debt instrument discount			$ 4,887				$ 4,887
Proceeds from issuance of debt							7,603
Warrant liablilty			$ 6,638				$ 6,638
Conversion provision - ownership of common stock			9.99%				9.99%
Registration right agreement, percentage of common stock underlying the warrants			110.00%				110.00%
Interest rate on debt			9.50%				9.50%
Interest rate if paid in restricted stock			15.00%				15.00%
Amortization of debt discount			$ 1,901				$ 2,717
10% Subordinated Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Number of notes issued | Number							4		4
Debt instrument face amount			$ 70,000				$ 70,000
Debt instrument conversion common stock per share | $ / shares			$ 0.30		$ 0.30		$ 0.30		$ 0.30
Debt instrument outstanding			$ 216,000		$ 146,000		$ 216,000		$ 146,000
Warrants granted with convertible debt | shares									243,334
Warrant exercised (in shares) | shares							116,668
Warrant exercise price | $ / shares			$ 0.35		$ 0.35		$ 0.35		$ 0.35
Warrant expiration period							5 years		5 years
Debt instrument discount			$ 557		$ 27,277		$ 557		$ 27,277
Proceeds from issuance of debt							1,441
Warrant liablilty			3,667				3,667
Long term debt			215,443		118,723		215,443		118,723
Amortization of debt discount			$ 4,342			11,499	$ 28,162	11,499
8% Convertible Note (Securities Purchase Agreement with KBM Worldwide Inc) [Member]
Debt Instrument [Line Items]
Debt instrument face amount													$ 54,000
Proceeds from issuance of debt	$ 50,000
Long term debt fair value				$ 70,200	75,600				75,600		$ 70,200
Debt instrument, fee amount	$ 4,000
Common stock reserved for future issuance | shares	2,500,000
Total fair value				5,400
Accrued interest											1,278
Debt redemption principal amount											$ 16,200
Interest rate on debt	8.00%
U-Vend Canada Convertible Notes [Member]
Debt Instrument [Line Items]
Number of notes issued | Number		2
Debt instrument conversion common stock per share | $ / shares			$ 1				$ 1
Conversion provision - ownership of common stock			80.00%				80.00%
Long term debt			$ 93,662				$ 93,662
Description of maturity date							Maturity on July 26, 2014 and September 14, 2014.
Unrealized gain on foreign currency						12,500	$ 24,561	12,500
Accrued interest			$ 8,602				$ 8,602
Interest rate on debt			18.00%				18.00%
10% Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument face amount				$ 25,000
Maturity date				Jun. 30, 2015
Interest rate on debt				10.00%						12.00%
17% unsecured promissory note (former employee of U-Vend Canada) [Member]
Debt Instrument [Line Items]
Debt instrument face amount					10,512				10,512
Long term debt			$ 6,235		$ 6,235		$ 6,235		$ 6,235
Maturity period									3 years
Interest rate on debt			17.00%		17.00%		17.00%		17.00%
9.5% Unsecured Promissory Note [Member]
Debt Instrument [Line Items]
Debt instrument face amount					$ 10,000				$ 10,000
Maturity date									Jun. 30, 2015
Warrant exercised (in shares) | shares									41,667
Warrant exercise price | $ / shares					$ 0.24				$ 0.24
Warrant expiration period									2 years
Debt instrument discount					$ 1,970				$ 1,970
Long term debt			$ 10,000		10,000		$ 10,000		10,000
Interest rate on debt			9.50%				9.50%
10% promissory note [Member]
Debt Instrument [Line Items]
Debt instrument face amount					$ 40,000				$ 40,000
Maturity date									Dec. 19, 2015
Maturity period					12 months
Interest rate on debt					10.00%				10.00%
15% 24 Month Equipment Financing Agreement (Perkin Industries, LLC) [Member]
Debt Instrument [Line Items]
Debt instrument face amount														$ 250,000
Warrants granted with convertible debt | shares									200,000
Warrant exercise price | $ / shares					$ 0.35				$ 0.35
Debt instrument discount					$ 1,956				$ 1,956
Warrant liablilty					2,471				2,471
Long term debt			$ 250,000		248,044		$ 250,000		$ 248,044
Maturity period									24 months
Interest rate on debt														15.00%
Put/call option on equipment					$ 125,000				$ 125,000
Put/call option on equipment (percent)					50.00%				50.00%
15% 24 Month Equipment Financing Agreement (Perkin Industries, LLC) [Member]
Debt Instrument [Line Items]
Debt instrument face amount												$ 65,750
Warrants granted with convertible debt | shares							52,600
Warrant exercise price | $ / shares			$ 0.35				$ 0.35
Debt instrument discount			$ 218				$ 218
Warrant liablilty			650			$ 2,573	650	$ 2,573
Long term debt			$ 65,532				$ 65,532
Maturity period							24 months
Interest rate on debt			15.00%				15.00%
Amortization of debt discount			$ 885				$ 2,388
Put/call option on equipment			32,875				$ 32,875
10% Subordinated Convertible Promissory Notes [Member]
Debt Instrument [Line Items]
Number of notes issued | Number							2
Debt instrument face amount			125,000				$ 125,000
Description of maturity date							December 2,015
Amortization of financing costs			10,000
Shares issued for debt extension			$ 16,500
Shares issued for debt extension (in shares) | shares							100,000
19% promissory note [Member]
Debt Instrument [Line Items]
Number of notes issued | Number			2
Debt instrument face amount			$ 23,833				$ 23,833
Maturity period			6 months
Interest rate on debt			19.00%				19.00%

CAPITAL LEASE OBLIGATIONS (Deta

CAPITAL LEASE OBLIGATIONS (Details Narrative) - USD ($)	33 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Oct. 15, 2013
Registration right agreement, percentage of common stock underlying the warrants	110.00%
Registration right agreement, penalty amount	$ 7,922	$ 7,922
U-Vend Canada, Inc [Member] | Equipment lease financing [Member]
Equipment lease financing, borrowing capacity			$ 1,000,000
Equipment acquired under equipment lease	465,500
Equipment held under capital lease	465,500
Accumulated depreciation	$ 115,805

CAPITAL LEASE OBLIGATIONS (De28

CAPITAL LEASE OBLIGATIONS (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Minimum future rental payments due in the year:
Less: Current portion of capital lease obligations	$ (94,989)	$ (116,000)
Long term capital lease obligations and guaranteed residual value, net	252,135	$ 280,959
U-Vend Canada, Inc [Member]
Minimum future rental payments due in the year:
2,015	68,178
2,016	126,822
2,017	25,831
Total minimum lease payments	220,831
Guaranteed residual value	206,833
Net minimum lease payments	427,664
Less: Amount represented interest	(53,984)
Present value of minimum lease payments and guaranteed residual value	373,680
Less: Current portion of capital lease obligations	(94,989)
Long term capital lease obligations and guaranteed residual value	278,691
Less: Unamortized debt discount on capital leases	(26,556)
Long term capital lease obligations and guaranteed residual value, net	$ 252,135

STOCKHOLDERS' DEFICIENCY (Detai

STOCKHOLDERS' DEFICIENCY (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Common stock, shares authorized	600,000,000	600,000,000		600,000,000
Common stock granted under stock option plan		4,280,000
Stock based compensation	$ 112,431	$ 112,431	$ 146,533
Unrecognized compensation cost related to non-vested options	$ 367,165	$ 367,165
Recognized compensation period		3 years
Fair value of warrantss issued to consultant for services		$ 195,473	$ 285,132
Cash proceeds from exercise of warrants		55,000
Face amount of debt converted		$ 5,000
Restricted Stock [Member]
Common stock granted under stock option plan		500,000
Vesting period under stock option plan		3 years
Warrant [Member]
Fair value of warrantss issued to consultant for services		$ 69,695
Adjustment of warrant liability upon exercise		$ 3,534
Warrants expired unexercised		849,001

STOCKHOLDERS' DEFICIENCY (Det30

STOCKHOLDERS' DEFICIENCY (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			$ (934,305)
Beginning Balance (in shares)			10,151,390
Stock based compensation			$ 112,431
Shares issued for services			195,473
Shares issued on debt conversion			5,000
Common shares issued for capital lease obligation			164,521
Warrant exercised			$ 58,534
Warrant exercised (in shares)			925,000
Shares issued on earn out of contingent consideration			$ 272,275
Warrants issued for services			9,695
Shares issued for debt extension			16,500
Net loss	$ (619,039)	$ (286,121)	(1,431,764)	$ (1,451,611)
Ending Balance	$ (1,531,640)		$ (1,531,640)
Ending Balance (in shares)	15,904,232		15,904,232
Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			$ 10,151
Beginning Balance (in shares)			10,151,390
Stock based compensation (in shares)			500,000
Stock based compensation			$ 499
Shares issued for services			$ 1,155
Shares issued for services (in shares)			1,155,000
Shares issued on debt conversion			$ 100
Shares issued on debt conversion (in shares)			100,000
Common shares issued for capital lease obligation			$ 711
Common shares issued for capital lease obligation (in shares)			711,417
Warrant exercised			$ 925
Warrant exercised (in shares)			925,000
Shares issued on earn out of contingent consideration			$ 2,261
Shares issued on earn out of contingent consideration, shares			2,261,425
Shares issued for debt extension			$ 100
Shares issued for debt extension (in shares)			100,000
Ending Balance	$ 15,902		$ 15,902
Ending Balance (in shares)	15,904,232		15,904,232
Additional Paid-in Capital [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			$ 2,832,392
Stock based compensation			111,932
Shares issued for services			198,318
Shares issued on debt conversion			4,900
Common shares issued for capital lease obligation			163,810
Warrant exercised			57,609
Shares issued on earn out of contingent consideration			270,014
Warrants issued for services			9,695
Shares issued for debt extension			16,400
Ending Balance	$ 3,661,070		3,661,070
Accumulated Deficit [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance			(3,776,848)
Net loss			(1,431,764)
Ending Balance	$ (5,208,612)		$ (5,208,612)

STOCKHOLDERS' DEFICIENCY (Det31

STOCKHOLDERS' DEFICIENCY (Details 1)	9 Months Ended
	Sep. 30, 2015$ / sharesshares
Warrants	30,384,519
2011 Private Placement Warrants [Member]
Warrants	12,500
Exercise Price | $ / shares	$ 60
Expiration	March 2,018
2013 Series A Warrants Senior Convertible Notes [Member]
Warrants	5,200,000
Exercise Price | $ / shares	$ 0.05
Expiration	June 2016-December 2016
2013 Series B Warrants Senior Convertible Notes [Member]
Warrants	6,000,000
Exercise Price | $ / shares	$ 0.06
Expiration	June 2018-December 2018
2013 Issued With Lease Obligation [Member]
Warrants	861,250
Exercise Price | $ / shares	$ 0.12
Expiration	October- 2016
2014 Acquired In U-Vend Canada Merger [Member]
Warrants	517,335
Exercise Price | $ / shares	$ 0.24
Expiration	October 2015-January 2016
Series A Warrants [Member]
Expiration	January 2017-November 2017
Series B Warrants [Member]
Expiration	January 2019-November 2019
2014 Warrants For Services [Member]
Warrants	18,480
Exercise Price | $ / shares	$ 0.01
Expiration	January- 2016
2014 Warrants For Services [Member]
Warrants	420,000
Exercise Price | $ / shares	$ 0.35
Expiration	August 2019-December 2019
2014 Warrants For Services [Member]
Warrants	35,000
Exercise Price | $ / shares	$ 0.24
Expiration	January- 2016
2014 Warrants For Services [Member]
Warrants	770,000
Exercise Price | $ / shares	$ 0.05
Expiration	October 2015-December 2015
2014 Warrants For Services [Member]
Warrants	1,184,000
Exercise Price | $ / shares	$ 0.06
Expiration	June 2018-December 2018
2014 Issued To Director For Debt [Member]
Warrants	729,166
Exercise Price | $ / shares	$ 0.24
Expiration	November 2016-July 2017
2014 Issued With Convertible Debt [Member]
Warrants	243,334
Exercise Price | $ / shares	$ 0.35
Expiration	August 2019-December 2019
2014 Issued With Equipment Financing Obligation [Member]
Warrants	200,000
Exercise Price | $ / shares	$ 0.35
Expiration	October2017
2014 Issued With Lease Obligation [Member]
Warrants	246,563
Exercise Price | $ / shares	$ 0.20
Expiration	March2017
2014 Issued With Lease Obligation [Member]
Warrants	483,889
Exercise Price | $ / shares	$ 0.24
Expiration	May2016
2014 Issued With Promissory Note [Member]
Warrants	41,667
Exercise Price | $ / shares	$ 0.18
Expiration	May2017
2015 Issued with convertible debt [Member]
Warrants	116,668
Exercise Price | $ / shares	$ 0.35
Expiration	January 2020-March 2020
2015 Issued with convertible financing obligation [Member]
Warrants	52,600
Exercise Price | $ / shares	$ 0.35
Expiration	January2018
2014 Series A Warrants Senior Convertible Notes [Member] [Member]
Warrants	6,000,000
Exercise Price | $ / shares	$ 0.05
2014 Series B Warrants Senior Convertible Notes [Member] [Member]
Warrants	6,000,000
Exercise Price | $ / shares	$ 0.06
2015 Issued for Services [Member]
Warrants	400,400
Exercise Price | $ / shares	$ 0.35
Expiration	February 2020-September 2020
2015 Issued for SPA Convertible Debt [Member]
Warrants	651,667
Exercise Price | $ / shares	$ 0.40
Expiration	April 2020- September 2020
2015 Issued for Equipmentt [Member]
Warrants	200,000
Exercise Price | $ / shares	$ 0.35
Expiration	January 2,020

FAIR VALUE OF FINANCIAL INSTR32

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Changes in derivative warrant liabilities
Balance, beginning	$ 309,993
Balance, ending	303,912	$ 309,993
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Changes in derivative warrant liabilities
Balance, beginning	309,993	214,609
Allocation of proceeds related to convertible and promissory notes to derivative liabilities due to "down round" provision	9,696	285,269
Reclassification of warrant liability as additional paid in capital upon exercise of warrants	(3,534)
Equipment purchased with warrants classified as derivative liabilities due to "down round" provision	50,100
Allocation of proceeds related to subordinated convertible notes and equipment financing obligation as derivative liabilities due to "down round" provision		6,951
Extinguishment of June 18, 2013, August 21, 2013 and October 17, 2013 senior convertible notes		(87,921)
Warrants classified as derivative liabilities due to inadequate shares authorized to accommodate the exercise of all outstanding equity instruments		43,108
Adjustment of warrants classified as derivatives to additional-paid-in capital as a result of adequate authorized due to reverse stock split on May 16, 2014		(52,833)
Unrealized gain on fair value adjustment	(62,343)	(99,190)
Balance, ending	$ 303,912	$ 309,993

COMMITMENTS AND CONTINGENCIES33

COMMITMENTS AND CONTINGENCIES (Details Narrative)	9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2015CAD	Apr. 17, 2015
November 15, 2015 [Member]
Sponsorship and minimum royalty payments | CAD		CAD 200,000
January 15, 2016 [Member]
Sponsorship and minimum royalty payments | CAD		200,000
April 15, 2016 [Member]
Sponsorship and minimum royalty payments | CAD		CAD 400,000
Chicago Operating Lease [Member]
Term of operating lease	65 months
Monthly rent expense | $	$ 1,875
Southern California Operating Lease [Member]
Term of operating lease	12 months
Monthly rent expense | $	$ 2,464
Percentage of common area operating charges	2.70%
Chicago Vehicle Operating Lease [Member]
Term of operating lease	48 months
Monthly rent expense | $	$ 670
National Hockey League Retail License and Sponsorship Agreement [Member]
Percentage of royalty payment			5.00%

COMMITMENTS AND CONTINGENCIES34

COMMITMENTS AND CONTINGENCIES (Details)	Sep. 30, 2015USD ($)
June 30, 2016	$ 750,799
June 30, 2017	1,050,519
June 30, 2018	1,237,844
June 30, 2019	1,312,774
June 30, 2020	1,462,634
Total	5,814,570
Sponsorship Fee [Member]
June 30, 2016	374,650
June 30, 2017	524,510
June 30, 2018	636,905
June 30, 2019	636,905
June 30, 2020	636,905
Total	2,809,875
Minimum Royalty [Member]
June 30, 2016	224,790
June 30, 2017	374,650
June 30, 2018	449,580
June 30, 2019	524,510
June 30, 2020	674,370
Total	2,247,900
Media Commitment [Member]
June 30, 2016	149,860
June 30, 2017	149,860
June 30, 2018	149,860
June 30, 2019	149,860
June 30, 2020	149,860
Total	749,300
Product in Kind [Member]
June 30, 2016	1,499
June 30, 2017	1,499
June 30, 2018	1,499
June 30, 2019	1,499
June 30, 2020	1,499
Total	$ 7,495

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	1 Months Ended
	Nov. 30, 2015USD ($)Number$ / sharesshares	Sep. 30, 2015USD ($)$ / shares
9.5% Subordinated Convertible Promissory Notes [Member]
Debt face amount | $		$ 391,000
Debt conversion price | $ / shares		$ 0.30
Warrant exercise price | $ / shares		$ 0.40
Subsequent Event [Member]
Shares issued for services (in shares) | shares	150,000
Subsequent Event [Member] | Private Sale [Member]
Warrant exercise price | $ / shares	$ 0.30
Shares to be issued upon exercise of warrants | shares	485,295
Common stock issued | $	$ 165,000
Common stock issued (shares) | shares	970,589
Subsequent Event [Member] | 9.5% Subordinated Convertible Promissory Notes [Member]
Debt face amount | $	$ 50,000
Interest rate	9.50%
Debt conversion price | $ / shares	$ 0.30
Warrant exercise price | $ / shares	$ 0.40
Shares to be issued upon exercise of warrants | shares	83,334
Subsequent Event [Member] | Equipment Lease Financing [Member]
Debt face amount | $	$ 72,000
Number of kiosks installed | Number	15
Term of interest payments	24 months
Monthly interest payment | $	$ 900