Epic Stores (EPSC) 10-Q 23 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 20, 2016
Document And Entity Information
Entity Registrant Name	EPIC STORES CORP.
Entity Central Index Key	1,558,009
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		38,680,263
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets
Cash
Accounts receivable
Inventory	$ 49,952	$ 76,433
Deferred rents
Prepaid expense	$ 153,626	$ 33,809
Total current assets	203,578	110,242
Deposits	55,025	55,025
Fixed assets, net	558,904	617,267
Tenant improvements, net	861,048	872,060
Total assets	1,678,555	1,654,594
Current liabilities
Accounts payable and accrued liabilities	1,913,970	1,539,524
Accounts payable to related parties	436,384	413,507
Bank overdraw	39,219	4,449
Deferred rents - current portion	37,719	33,127
Equipment loan - current portion	48,042	39,601
Notes payable - current portion	664,235	$ 703,914
Convertible notes	611,428
Loans from related parties	590,413	$ 231,938
Total current liabilities	4,341,410	2,966,060
Deferred rents	1,371,122	1,456,409
Equipment loan	95,516	115,396
Notes payable	250,000	250,000
Declared dividends	85,399	85,399
Total liabilities	$ 6,143,447	$ 4,873,264
Stockholders deficit
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 0 and 0 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively
Common stock; $0.0001 par value; 687,500,000 shares authorized; 38,680,263 and 38,123,120 shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively	$ 3,868	$ 3,812
Additional paid-in capital	11,581,666	10,875,648
Accumulated deficit	(16,050,426)	(14,098,130)
Total stockholders deficit of the Company	(4,464,892)	(3,218,670)
Total liabilities and stockholders deficit	$ 1,678,555	$ 1,654,594

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	687,500,000	687,500,000
Common stock, shares issued	38,680,263	38,123,120

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Retail revenues	$ 1,188,504	$ 1,841,296
Wholesale revenues	1,245	138,993
Total revenues	1,189,749	1,980,289
Cost of revenues	(127,058)	(517,930)
Gross profit	1,062,691	1,462,359
Operating expenses
Payroll and related expenses	883,907	1,208,009
Rent expense	628,902	652,100
General and administrative expenses	327,746	626,847
Professional fees	332,375	137,610
Depreciation and amortization expense	69,375	57,291
Total operating expenses	2,242,305	2,681,857
Loss from operations	(1,179,614)	(1,219,498)
Other income (expense)
Interest expense	(275,453)	$ (30,802)
Commitment fees	(500,000)
Other income	2,771	$ 1,400
Total other expense	(772,682)	(29,402)
Net loss	$ (1,952,296)	$ (1,248,900)
Basic loss per common share	$ (0.05)	$ (0.08)
Basic weighted average common shares outstanding	38,390,153	15,969,510

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities
Net loss	$ (1,952,296)	$ (1,248,900)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation	212,000
Warrants issued for interest	81,528
Penalty increase to note payable	25,000
Bank overdraw	34,770
Amortization of original issue discount	99,152
Amortization of Beneficial conversion feature	28,423
Depreciation and amortization	69,375	$ 57,291
Changes in assets and liabilities
Increase (Decrease) in deferred rents	(80,695)	223,582
Decrease in prepaid expense	$ (119,817)	2,421
Increase in deposits		(12,473)
Decrease in inventory	$ 26,481	39,793
Increase (decrease) in accounts payable to related parties	22,877	58,981
Increase (decrease) in accounts payable and accrued liabilities	$ 374,446	160,022
(Increase) decrease in accounts receivable		(50,287)
Net cash used in operating activities	$ (1,178,756)	(769,570)
Cash Flows from investing
Purchase of fixed assets		(94,563)
Net cash used in investing activities		(274,380)
Cash Flows from Financing Activities
Proceeds from issuance of common stock	$ 250,000	400,000
Dividends paid to shareholders		$ (232,472)
Principal payments on note payable	$ (363,280)
Proceeds from convertible notes payable	740,000
Proceeds from notes payable	205,000	$ 850,000
Proceeds from related party debts	358,475
Principal payments on capital leases	(11,439)	$ (5,407)
Net cash from financing activities	$ 1,178,756	1,012,121
Net increase (decrease) in cash		(31,829)
Beginning cash balance		142,034
Ending cash balance		110,205
Supplemental disclosure of cash flow information
Cash paid for interest	$ 101,712	$ 67,022
Cash paid for tax
Shares issued to settle dividends payable	$ (74,686)

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	History and Organization Epic Stores Corp. (the “ Company On June 24, 2015, the Company entered into, and closed, a share exchange agreement dated June 24, 2015 (the “ Exchange Agreement Epic Corp. In connection with the closing of the Exchange Agreement, the Company experienced a change of control as four new directors, all of whom were directors of Epic Corp., were appointed to the Company’s board, all of the Company’s prior management resigned and were replaced by management nominated by Epic Corp., and former stockholders of Epic Corp. were issued shares of the Company’s common stock that constituted approximately 58.1% of the Company’s issued and outstanding shares, on an undiluted basis, at the time of closing of the Exchange Agreement. As a result, the Company determined to treat the acquisition of Epic Corp. as a reverse merger and recapitalization for accounting purposes, with Epic Corp. as the acquirer for accounting purposes. Effective August 18, 2015, the Company completed a merger with its wholly-owned subsidiary, Epic Stores Corp., a Nevada corporation, which was incorporated solely to effect a change in its name. As a result, the Company changed its name from “Be At TV, Inc.” to “Epic Stores Corp.”. This name change was effected to reflect the change in the Company’s business resulting from the closing of the Exchange Agreement. Also effective August 18, 2015, the Company completed a reverse split of its authorized and issued and outstanding shares of common stock, on the basis of one new share of common stock for each 2.4 shares of authorized, issued and outstanding shares of common stock prior to completion of the reverse split. In accordance with Staff Accounting Bulletin (“ SAB The Company currently has four wholly-owned subsidiaries, being Epic Stores, LLC, a Nevada limited liability company, Epic Stores 2 LLC, a Nevada limited liability company, Epic Stores III LLC, a Nevada limited company, and Epic Corp, a Nevada corporation. The Company operates its retail stores through its wholly-owned subsidiaries. The Company, and each of its subsidiaries are collectively referred to herein as the “ Company Description of Business The Company is a second hand goods retailer that operates second hand retail stores in the United States. The Company focuses on offering high quality, on-trend second hand clothing, accessories and household products at affordable prices. Additionally, the Company sells used goods that do not meet or exceed its strict quality standards through the wholesale market. The Company maintains executive offices in Phoenix, Arizona. As of March 31, 2016, the Company had 10 operating stores in four states, being Arizona, Nevada, Colorado and Texas. The Company has two additional locations under construction in Texas.

BASIS OF PRESENTATION AND GOING

BASIS OF PRESENTATION AND GOING CONCERN	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND GOING CONCERN	Principles of Consolidation Going Concern

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	This summary of significant accounting policies is presented to assist in understanding the Company's financial statements. The financial statements and notes are representations of the Company's management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America, and have been consistently applied in the preparation of the financial statements. Use of Estimates Cash and Cash Equivalents Fair Value of Financial Instruments As required by the Fair Value Measurements and Disclosures The three levels of the fair value hierarchy are described below: Level 1: Cash and unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity). Property and Equipment Furniture and Fixtures 5 - 7 Years Leasehold Improvements Shorter of lease term or useful life. Impairment of Long-Lived Assets The Company evaluates the performance of its stores to determine impairment of its long-lived assets at retail stores. Stores that have been operating for less than 12 months are excluded from the analysis because of lack of historical financial results or trends. Each new store needs between 12 months and 24 months to mature and begin generating positive cash flows. For purposes of this evaluation, long-lived assets subject to store impairments include leasehold improvements as well as certain intangible assets such as broker and finder fees, lease rights, key money on store leases, and any other non-transferable assets. All intangible assets are subject to impairment analysis if they are non-refundable in nature. If the Company identifies an indicator of impairment, it assesses recoverability by comparing, per store, the carrying amount of the store assets to the estimated future undiscounted cash flows associated with the store. An impairment loss is recognized when the carrying amount is not recoverable and is measured as the excess of carrying value over fair value. Such estimated fair values are generally determined by using the discounted future cash flows using a rate that approximates the Company's weighted average cost of capital. The key assumptions used in management's estimates of projected cash flow at its retail stores deal largely with forecasts of sales levels, gross margins and payroll costs. These forecasts are typically based on historical trends and take into account recent developments as well as management's plans and intentions. Any material change in manufacturing costs or raw material costs could significantly impact projected future cash flows of retail stores, and these factors are considered in evaluating impairment. Other factors, such as increased competition or a decrease in the desirability of the Company's products, could lead to lower projected sales levels which would adversely impact cash flows. A significant change in cash flows in the future could result in an impairment of long lived assets. The Company performed a recoverability test on its stores and did not identify any indicators of impairment at its retail stores, and determined that no impairment charges were required, for the periods ended March 31, 2016 and December 31, 2015, respectively. Revenue Recognition Revenue Recognition Revenue Recognition in Financial Statements Revenue Recognition ASC 605-45-50-3 and ASC 605-45-50-4, "Taxes Collected from Customers and Remitted to Governmental Authorities" provide that the presentation of taxes on either a gross or net basis is an accounting policy decision. The Company collects various taxes assessed by governmental authorities and records these amounts on a net basis. The Company’s products are acquired on a bulk basis with the same price per pound being paid to suppliers regardless of the specific product types. To date, the Company has not internally tracked different categories of products as between, for example, clothing and household goods, as it has not had the system capability to support such categorizations. As such, it is impracticable to provide information on a per product basis. The Company does, however, differentiate between revenues received from retail sales versus revenue received from wholesale sales, which are amounts that are easily determinable. Sales Returns and Allowances Inventories The Company identifies potentially excess and slow-moving inventories by evaluating turn rates, inventory levels and other factors, and records lower of cost or market reserves for such identified excess and slow-moving inventories. As of March 31, 2016 and December 31, 2015, no such reserve had been recorded. Stock-Based Compensation Compensation - Stock Compensation Non-Employee Stock Based Compensation Earnings (Loss) per Share Earnings Per Share Advertising Concentration of Credit Risk Concentration of credit risk with respect to trade accounts receivable is limited by performing on-going credit evaluations of the Company's customers and adjusting credit limits based upon payment history and the customer's current credit worthiness. Collections and payments from customers are continuously monitored. The Company maintains an allowance for doubtful accounts which is based upon historical experience and specific customer collection issues that have been identified. While bad debt expenses have historically been within expectations and allowances established, the Company cannot guarantee that it will continue to experience the same credit loss rates that it has in the past. Income Taxes Subsequent to May 20, 2015 the Company merged with a corporation and, as a result, income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Because the Company has no net income, the tax benefit of the accumulated net loss has been fully offset by an equal valuation allowance. Deferred Rent, Rent Expense and Tenant Allowances Capital Lease Obligations Recently Issued Accounting Pronouncements

INVENTORY

INVENTORY	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
INVENTORY	The components of inventories are as follows: March 31, 2016 December 31, 2015 Merchandise goods $ 49,952 $ 76,433 Less reserve for inventory shrinkage and obsolescence — — Total, net of reserves $ 49,952 $ 76,433 The Company evaluated the need to increase its market reserves for excess and slow-moving inventories and determined that no reserve was needed for the periods ended March 31, 2016 and December 31, 2015. As part of the Company’s valuation analysis of inventory, the Company also analyzed its inventory to determine if reserves were needed for inventory shrinkage. At March 31, 2016 and March 31, 2015, respectively, the Company determined no such reserves were needed.

FIXED ASSETS

FIXED ASSETS	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
FIXED ASSETS	Fixed assets consist of the following: March 31, 2016 December 31, 2015 Furniture and fixtures $ 873,196 $ 873,196 Capitalized equipment leases 241,936 241,936 1,115,132 1,115,132 Less accumulated depreciation and amortization (556,228 ) (497,865 ) Property and equipment, net $ 558,904 $ 617,267 Fixed assets are recorded on the basis of cost and depreciated using a straight-line method over the estimated useful lives of fixed assets. Expenditures which significantly improve or extend the life of an asset are capitalized and depreciated over the asset’s remaining useful life. The Company expenses maintenance and repair costs as incurred. Depreciation expense for the three months ended March 31, 2016 and 2015 was $58,363 and $52,558, respectively.

TENANT IMPROVEMENTS

TENANT IMPROVEMENTS	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
TENANT IMPROVEMENTS	Tenant improvements consist of the following March 31, 2016 December 31, 2015 Tenant Improvements $ 923,820 $ 923,820 Less accumulated depreciation and amortization (62,772 ) (51,760 ) Tenant improvements, net $ 861,048 $ 872,060 Leasehold improvements are amortized over the shorter of the useful life of the assets or the estimated lease term (including probable lease renewals). Expenditures which significantly improve or extend the life of an asset are capitalized and depreciated over the asset’s remaining useful life. The Company expenses maintenance and repair costs as incurred. Depreciation expense for the three months ended March 31, 2016 and 2015 was $11,012 and $4,733, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	From time to time, members of the Company have advanced funds to support its operations through Titan Investments L.L.C. As of March 31, 2016 and December 31, 2015, the outstanding balance of advanced funds was $590,413 and $231,938, respectively. The advances are due on demand and do not bear interest. Subsequent to the quarter ending March 31, 2016 Titan advanced an additional $71,600 and was repaid $88,025 to support our operations. ZSL Trust subsequent to the end of the quarter purchased $450,000 of this debt through the issuance of a convertible note. As of the date of this filing $123,988 remains payable to Titan Investments. All advances are due on demand and do not bear interest. On January 1, 2015, the Company renegotiated existing consulting agreements with Brian Davidson and Bobby Riggs, both of whom are officers and directors of the Company. Under these agreements, each officer is to receive compensation of $160,000 annually, a reimbursement for health insurance costs, and is entitled to participate in the Company’s stock option plan, when and if established. During the quarter ended March 31, 2016, management consulting fees were paid to the officers in accordance with the terms of the management agreements. During the quarter ended March 31, 2016, the Company’s Chief Executive Officer, Brian Davidson, received $40,000, for the provision of management and business development services to the Company. $20,000 in unpaid management consulting fees accrued in prior years remained due to Brian Davidson as of March 31, 2016. During the quarter ended March 31, 2016, the Company’s Chief Operating Officer, Bobby J. Riggs, received $40,000 for the provision of management and business development services to the Company. $13,333 in unpaid management consulting fees accrued in prior years remained due to Bobby J. Riggs as of March 31, 2016. On March 3, 2015, Epic Corp. appointed Zachary Bradford to serve as the Chief Financial Officer (“ CFO Bluechip Atlas Global, LLC is a company controlled by Brian Davidson and Wayne Riggs who also serve as officers of the Company. The Company has first right of refusal to purchase all inventory collected by Atlas Global that meets the Company’s quality standards. The Company purchases this inventory at a fixed rate of $0.36 per pound. Atlas is responsible for payment of its own obligations and the Company has no responsibility in this regard. If the Company does not pay Atlas for the products the Company acquires from it, Atlas may have no way to cover its costs as it does not have any other significant customers, but the Company has no obligation to purchase from Atlas and no obligation to provide it with financial support in the event it is required. As of March 31, 2016 and December 31, 2015, $219,018 and $213,721 were payables due to Atlas for inventory received. During the three months ended March 31, 2016 and 2015, the Company purchased inventory from Atlas of $32,172 and $166,656, respectively. Planet Green, LLC is a company controlled by a family member of Wayne Riggs, a director of the Company. The Company purchases inventory collected by Planet Green, LLC that meets the Company’s quality standards. The Company purchases this inventory at a fixed rate of $0.36 per pound. The Company has no obligation to purchase from Planet Green, LLC. Planet Green, LLC is also solely responsible for payment of its own obligations and the Company has no responsibility and no obligation to provide it with financial support in the event it is required. As of March 31, 2016 and December 31, 2015, $167,344 and $152,826 were payables due to Planet Green, LLC for inventory received. During the three months ended March 31, 2016 and 2015, the Company purchased inventory from Planet Green, LLC of $14,508 and $72,897, respectively.

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
NOTES PAYABLE	On August 15, 2014, Epic Corp. issued two unsecured promissory notes to two investors, each in the principal amount of $250,000. The notes bear a 16% annual interest rate, maturing at the earlier of the sale of Epic Corp. or December 31, 2018. The notes also carry provisions that allow the holder to call the balance prior to maturity subject to early withdrawal penalties as follows: 12% if called in 2015, 8% if called in 2016 and 4% if called in 2017. On May 20, 2015, the Company and the noteholders agreed to settle 50% of the noteholders’ respective balances outstanding under the notes in consideration for the issuance of an aggregate of 233,791 shares of the common stock of Epic Corp. to each of the note holders. On January 15, 2015, Epic Corp. issued an unsecured promissory note to an investor in the principal amount of $100,000. The note bears no interest and is due upon demand. On March 2, 2015, the Company entered into a letter of intent with Epic Corp. pursuant to which the Company agreed to acquire all of the outstanding securities of Epic Corp. In connection with the entry into the letter of intent, on March 18, 2015, Epic Corp. entered into a loan agreement with a third party lender, pursuant to which the lender agreed to make a loan in the principal amount of $750,000 to Epic Corp. The loan bore interest at the rate of 12% per annum, and had a maturity date of September 18, 2015. As security for the secured note, Epic Corp. provided the lender with security over all of its assets pursuant to the terms of a general security agreement made by Epic Corp. in favor of the lender. In connection with the closing of the Exchange Agreement on June 24, 2015, the principal amount outstanding under the March 18, 2015 note, and accrued interest thereon, totaling $770,959, was settled by the issuance of units of the Company at a deemed price of $0.882 per unit. Each unit consisted of one share of common stock in the capital of the Company and one warrant, each of which is exercisable into one share of common stock of the Company at a price of $1.02 until June 24, 2018. On April 16, 2015, Epic Corp., an entity that is not related to the Company, issued a secured convertible promissory note to an investor in the principal amount of $200,000. The note bears a 23% annual interest rate and matured on June 30, 2015. The note was convertible into one Class B Unit of Epic LLC. The note is secured by all assets of Epic Corp. At the time of issuance, the Company evaluated the conversion feature and determined that the value associated with the conversion feature was $0. On January 25, 2016, the Company entered into an amending agreement with the Company’s wholly-owned subsidiary, Epic Stores, LLC, and Epic Store Funding Corp. amending the note purchase agreement dated April 16, 2015. Under the terms of the original note purchase agreement, the subsidiary and Funding Corp. agreed that they would use their commercially reasonable efforts to agree upon the price and other terms of securities of the subsidiary into which Funding Corp. could, at its option, convert the principal and interest of the note and, in the event that they were unable to so agree on or prior to the June 30, 2015, the subsidiary would pay Funding Corp., in addition to any other amounts due and owing under the note, a break-up fee of $50,000. The Company completed the acquisition of the subsidiary on June 24, 2015. Notwithstanding that the subsidiary and Funding Corp. had not agreed to conversion terms by June 30, 2015, and the fee was not paid. Pursuant to the terms of the amending agreement entered into on January 25, 2016: (a) the maturity date for repayment of the note was changed from June 30, 2015 to December 31, 2015; (b) the Company agreed to the pay Funding Corp. the fee of $50,000 on or prior to January 8, 2016, plus accrued interest at a rate of 23% per annum beginning on July 1, 2015, until the date of payment in full of the fee and any accrued but unpaid interest thereon, which accrued interest will be payable on the last day of each calendar month with the first such payment made on December 31, 2015; and (c) if all amounts owing under the note and the fee, including all accrued but unpaid interest thereon, had not been wired to Funding Corp. on or prior to February 2, 2016, the Company would be required to pay Funding Corp. an additional $25,000 on February 2, 2016, with interest at the rate of 23% per annum to accrue with respect to such $25,000 effective as of February 2, 2016 in the event such payment is not made on February 2, 2016. In consideration of the foregoing amendments, the Company agreed to issue Funding Corp., at the time of full repayment of all amounts owing in connection with the note: (a) 145,000 stock purchase warrants, plus (b) commencing on January 8, 2016, 1,000 warrants per day until the date of repayment of all amounts owing under the note. Each warrant will be exercisable into one share of the Company’s common stock at a price of $1.02 per share until the date that is two years from the date of issuance. As of the March 31, 2016, neither the original principal balance or the penalties had been paid. The penalties have been added to the principal balance of the note and $275,000 in principal remained outstanding as of March 31, 2016. On August 13, 2015, Epic Corp. issued a secured promissory note to an investor in the principal amount of $195,000. The note carried an original issue discount of $45,000, therefore $150,000 was received by the Company, net of the discount. The loan was be repaid over 126 equal payments of $1,547 over the six-month term and was secured by all assets of the Company. The original issue discount was recorded as a reduction of the principal balance and is being amortized over the life of term of the note. The note had been paid in full as of March 31, 2016 During the quarter ended March 31, 2016, the Company paid $47,976 in principal and interest. The aggregate original issue discount feature has been accreted and charged to interest expense in the amount of $11,489 during the quarter ended March 31, 2016. On November 3, 2015, the Company issued a secured promissory note to an investor in the principal amount of $217,500. The note carried an original issue discount of $117,000, therefore $150,000 was received by the Company, net of the discount. The loan will be repaid over 126 equal daily payments of $1,726 and is secured by all assets of the Company. The original issue discount was recorded as a reduction of the principal balance and will be amortized over the life of term of the agreement. The balance of the note and unamortized debt discount are as follows: March 31, 2016 Note payable $ 32,818 Less unamortized debt discount (8,821 ) Note payable, net $ 23,997 During the quarter ended March 31, 2015, the Company paid $112,190 in principal and interest. The aggregate original issue discount feature has been accreted and charged to interest expense in the amount of $34,901 during the quarter ended March 31, 2016. On November 4, 2015, the Company issued a secured promissory note to an investor in the principal amount of $180,461. The note carried an original issue discount of $30,461, therefore $150,000 was received by the Company, net of the discount. The loan will be repaid over 187 equal daily payments of $968 and is secured by all assets of the Company. The original issue discount was recorded as a reduction of the principal balance and will be amortized over the life of term of the agreement. The balance of the note and unamortized debt discount are as follows: March 31, 2016 Note payable $ 83,636 Less unamortized debt discount (13,651 ) Note payable, net $ 69,985 During the quarter ended March 31, 2016, the Company paid $60,032 in principal and interest. The aggregate original issue discount feature has been accreted and charged to interest expense in the amount of $10,267 during the quarter ended March 31, 2016 On November 27, 2015, the Company issued a secured promissory note to an investor in the principal amount of $146,000. The note carried an original issue discount of $46,000, therefore $100,000 was received by the Company, net of the discount. The loan will be repaid over 80 equal daily payments of $1,825 and is secured by all assets of the Company. The original issue discount was recorded as a reduction of the principal balance and will be amortized over the life of term of the agreement. As of March 31, 2016 the note has been paid in full. During the the quarter ended March 31, 2016, the Company paid $113,150 in principal and interest. The aggregate original issue discount feature has been accreted and charged to interest expense in the amount of $29,795 during the quarter ended March 31, 2016. On July 15, 2015, the Company issued a secured promissory note to an investor in the principal amount of $16,000. The note bears interest at a rate of 12% annually and matures on January 28, 2016. Amortized payments of interest and principal are due monthly. The Company made all required payments under the note. As of March 31, 2016 the note has been paid in full. On November 17, 2015, the Company issued a secured promissory note to an investor in the principal amount of $10,900. The note bears interest at a rate of 12% annually and matures on November 27, 2016. Amortized payments of interest and principal are due monthly. The Company has made all required payments under the note and $7,485 remained due as of March 31, 2016. On January 28, 2016, the Company issued a secured promissory note to an investor in the principal amount of $6,000. The note bears interest at a rate of 12% annually and matures on January 27, 2017. Amortized payments of interest and principal are due monthly. The Company has made all required payments under the note and $5,000 remained due as of March 31, 2016. On February 26, 2016, the Company issued a secured promissory note to an investor in the principal amount of $256,000. The note carried an original issue discount of $56,000, therefore $200,000 was received by the Company, net of the discount. The loan will be repaid in 147 equal payments of $1,742 and is secured by all assets of the Company. The original issue discount was recorded as a reduction of the principal balance and will be amortized over the life of term of the agreement. The balance of the note and unamortized debt discount are as follows: March 31, 2016 Note payable $ 231,619 Less unamortized debt discount (48,851 ) Note payable, net $ 182,768 During the quarter ended March 31, 2016, the Company paid $24,381 in principal and interest. The aggregate original issue discount feature has been accreted and charged to interest expense in the amount of $7,149 during the quarter ended March 31, 2016.

CONVERTIBLE NOTES PAYABLE

CONVERTIBLE NOTES PAYABLE	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
CONVERTIBLE NOTES PAYABLE	Pursuant to a securities purchase agreement dated January 27, 2016, as amended April 1, 2016 (the “ Purchase Agreement Old Main 10% Notes Registration Statement SEC The 10% Notes will bear interest at the rate of 10% per annum, which interest amount will be guaranteed for six months and such interest due on the 10% Notes for a period of six months will be deemed earned as of the original issue date of the 10% Notes. All overdue accrued and unpaid interest to be paid under the 10% Notes will entail a late fee at an interest rate equal to the lesser of 24% per annum or the maximum rate permitted by applicable law. At any time upon 10 days written notice to the holder of the 10% Notes, we may prepay any portion of the principal amount of the 10% Notes and any accrued and unpaid interest by paying the principal amount of the 10% Notes and interest multiplied by 130%. At any time after the issue date of the 10% Notes, the holder may convert the 10% Notes into shares of our common stock at the holder’s option. The conversion price will be equal to the lower of (i) $0.63 (the “ 10% Fixed Conversion Price VWAP On January 29, 2016, we issued Old Main a 10% Note in the principal amount of $271,739 with the original issue date of January 27, 2016, as amended on April 1, 2016, in exchange for $250,000 pursuant to the Purchase Agreement. On April 1, 2016, we issued Old Main a 10% Note in the principal amount of $271,739 with the original issue date of April 1, 2016 in exchange for $250,000 pursuant to the Purchase Agreement. Pursuant to a registration rights agreement dated January 27, 2016, as amended April 1, 2016, with Old Main, we are obligated to file a Registration Statement to register the resale of the shares of our common stock issuable upon conversion of: (i) the 10% Notes issued or to be issued pursuant to the Purchase Agreement, (ii) the 8% Note (as defined below), and (iii) a 10% Note (the “ Exchange Note On January 29, 2016, our subsidiaries jointly and severally agreed to guarantee and act as surety for the payment of the 10% Notes issued or to be issued pursuant to the Purchase Agreement pursuant to a subsidiary guarantee dated January 27, 2016. In addition, on January 29, 2016, Epic Stores Corp. and its subsidiaries entered into a security agreement dated January 27, 2016 with Old Main, pursuant to which Epic Stores Corp. and its subsidiaries agreed to pledge, grant and hypothecate to Old Main a perfected, first priority security interest in and to, a lien upon, and a right of set-off against, all of their respective right, title and interest of whatsoever kind and nature in and to, the collaterals, including all goods, all contract rights and other general intangibles, all accounts, and all investment property and general intangibles respecting ownership and/or other equity interests in each subsidiary of Epic Stores Corp. On January 29, 2016, we issued Old Main an 8% senior convertible promissory note (the “ 8% Note 8% Fixed Conversion Price Old Main is an accredited investor (as that term is defined in Regulation D of the Securities Act), and in issuing the above securities to Old Main, we relied on and intend to rely on the exemption from the registration requirements of the Securities Act provided by Rule 506 of Regulation D promulgated thereunder and/or Section 4(a)(2) of the Securities Act. Under these agreements, Old Main currently has the ability to cause our company to issue up to 6,197,552 shares of our common stock, subject to a beneficial ownership limitation which limits the total holdings of Old Main at any one time to 4.99% (subject to the adjustments in accordance with the terms of the convertible notes) of our issued and outstanding common stock. The following table sets forth the terms of the outstanding convertible notes issued or to be issued to Old Main. Summary of Old Main Convertible Note Financing Number of shares issuable upon conversion Issuance date Note holder Interest rate Current Conversion price Principal Interest Maturity date January 27, 2016 Old Main 8% 0.25 500,000 11,555 January 27, 2017 2,046,220 January 27, 2016 Old Main 10% 0.25 271,739 13,587 January 27, 2017 1,141,304 February 26, 2016 Old Main 10% 0.25 181,857 - September 26, 2016 727,428 April 1, 2016 Old Main 10% 0.25 271,739 13,587 April 1, 2017 1,141,304 April 15, 2016 Old Main 10% 0.25 135,869 6,793 April 15, 2017 570,648 Upon S-1 effectiveness Old Main 10% 0.25 135,869 6,793 1 year from issuance 570,648 Total 1,497,073 52,315 6,197,552 The conversion price of the convertible notes issued or to be issued to Old Main is based upon the trading prices of our common stock at the time of such conversion. If the trading prices of the common stock are low when the conversion price of the convertible notes is determined, we would be required to issue a higher number of shares of our common stock, which could cause substantial dilution to our stockholders. In addition, if Old Main converts its notes and sell our common stock, this could result in an imbalance of supply and demand for our common stock and reduce our stock price. The further our stock price declines, the further the adjustment of the conversion price will fall and the greater the number of shares we will have to issue upon conversion. In addition, the number of shares issuable upon conversion of the convertible notes is potentially limitless. While the overall ownership by Old Main of the convertible notes at any one moment is limited to 4.99% (subject to the adjustments in accordance with the terms of the convertible notes) of the outstanding shares of our common stock, Old Main is free to sell any shares it owns into the market, which have been issued to it, thereby enabling it to convert the remaining convertible notes.

STOCKHOLDERS DEFICIT

STOCKHOLDERS DEFICIT	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
STOCKHOLDERS DEFICIT	Description of Share Capital Preferred Stock The Company is authorized to issue 10,000,000 shares of preferred stock having a par value of $0.001 per share. The Company had no issued and outstanding shares of preferred stock as of December 31, 2015 and 2014, respectively. The Company’s board of directors has the ability to designate rights to its preferred stock. As of the date of these financial statements, the board has made no such designation. Common Stock The Company is authorized to issue 687,500,000 shares of common stock having a par value of $0.0001 per share. The Company had 38,680,263 and 38,123,120 issued and outstanding shares of common stock as of March 31, 2016 and December 31, 2015, respectively. On January 24, 2016, we issued 200,000 shares of common stock to Vista Partners LLC (“Vista”) pursuant to the terms of a letter agreement dated July 24, 2015 between our company and Vista pursuant to which Vista agreed to provide investor relations services to our company in consideration of the payment of a monthly fee of $15,000 per month and the issuance of 200,000 shares of our common stock for each six-month term of the agreement. The shares were valued at $1.06 per share or $212,000. The securities were issued to one accredited investor (as that term is defined in Regulation D of the Securities Act of 1933, as amended) relying on Rule 506 of Regulation D and/or Section 4(a)(2) of the Securities Act of 1933, as amended. On February 25, 2016, the Company sold an aggregate of 357,143 shares of common stock at a price of $0.70 per share for gross proceeds of US $250,000. The Company issued the shares to one non-U.S. person (as that term is defined in Regulation S of the Securities Act of 1933 Securities Act of 1933

STOCK OPTIONS AND WARRANTS

STOCK OPTIONS AND WARRANTS	3 Months Ended
	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
STOCK OPTIONS AND WARRANTS	The following is a summary of warrant activity during the quarter ended March 31, 2016: Number of Warrant Shares Weighted Average Exercise Price Balance, December 31, 2015 6,265,286 $ 0.73 Warrants granted and assumed 228,000 1.02 Warrants expired — — Warrants cancelled — — Warrants exercised — — Balance, March 31, 2016 6,493,286 $ 0.74 On January 25, 2016, the Company entered into an amending agreement with the Company’s wholly-owned subsidiary, Epic Stores, LLC, and Epic Store Funding Corp. amending the note purchase agreement dated April 16, 2015. In consideration of the amendments, the Company agreed to issue Funding Corp, 145,000 stock purchase warrants, plus commencing on January 8, 2016, 1,000 warrants per day until the date of repayment of all amounts owing under the note. Under this agreement the Company has issued 228,000 stock warrants as of March 31, 2016. Each warrant will be exercisable into one share of the Company’s common stock at a price of $1.02 per share until the date that is two years from the date of issuance. These warrants were valued using the black-scholes method and an expense of 81,528 was recorded to interest expense.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	The Company does not have any off-balance sheet transactions. Contractual Obligations The following illustrates the Company’s contractual obligations as of March 31, 2016 and the respective future commitments related to same: Year 1 Year 2 Year 3 Year 4 Year 5 Total December 2016 December 2017 December 2018 December 2019 December 2020 Thereafter Long-Term Debt Obligations $ 250,000 $ — $ — 250,000 $ — $ — $ — Current Convertible Debt Obligations $ 611,428 $ 611,428 $ — — $ — $ — $ — Current Debt Obligations $ 1,254,648 $ 1,254,648 $ — — $ — $ — $ — Capital Leases $ 143,558 $ 35,607 $ 47,996 34,886 $ 17,287 $ 7,782 $ — Operating Lease Obligations $ 14,845,173 $ 1,506,638 $ 2,061,836 2,036,119 $ 1,725,979 $ 1,644,042 $ 5,870,559 Total $ 17,104,807 $ 3,408,321 $ 2,109,832 2,321,005 $ 1,743,266 $ 1,651,824 $ 5,870,559 Property Lease Obligations. The remaining aggregate lease payments under the operating leases for the Company’s facilities as of March 31, 2016 are as follows: 2016 $ 1,506,638 2017 2,061,836 2018 2,036,119 2019 1,725,979 2020 1,644,042 Thereafter 5,870,559 $ 14,845,173

INCENTIVES FROM LESSORS

INCENTIVES FROM LESSORS	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
INCENTIVES FROM LESSORS	The Company received $333,500 from landlords as construction contributions pursuant to agreed-upon terms of certain lease agreements during the year ended December 31, 2015. Landlord construction contributions usually take the form of up-front cash reimbursements for tenant improvements. Depending on the specifics of the leased space and the lease agreement, amounts paid for structural components are recorded during the construction period as leasehold improvements and the landlord construction contributions are recorded as an incentive from lessor. The incentive from lessor is amortized over the life of the lease and netted against rent expense. Amortization of the incentives from lessors was $13,206 for the three months ended March 31, 2016.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	Amendment to Securities Purchase Agreement On April 1, 2016, Epic Stores Corp. (“Epic”) entered into an Amendment to Securities Purchase Agreement (the “Amendment to Purchase Agreement”) with Old Main Capital, LLC (“Old Main”), whereby the parties agreed to amend the Securities Purchase Agreement dated as of January 27, 2016 (the “Purchase Agreement”). Pursuant to the terms of the Amendment to Purchase Agreement, the parties agreed to: (a) increase the subscription from up to $500,000 to up to $750,000 corresponding to an aggregate amount of $815,217 in principal amount of Notes. The purchase will occur in up to four tranches, with the first tranche of $250,000 being closed upon the execution of the Purchase Agreement, the second tranche of $250,000 occurring within three trading days after filing of Epic’s Annual Report on Form 10-K, the third tranche of $125,000 occurring the Friday after three (3) trading days after the filing date and the fourth tranche of $125,000 occurring the Friday after three (3) trading days after the date that the Registration Statement is declared effective by the SEC; and (b) remove the right of first refusal clause of the Purchase Agreement and add a “Variable Rate Transactions” clause whereby until such time as no Purchaser holds any Notes or Underlying Shares, Epic shall be prohibited from effecting or entering into an agreement to effect any issuance by Epic or any of its subsidiaries of common stock or common stock equivalents (or a combination of units thereof) involving a Variable Rate Transaction. Amendment to Convertible Promissory Notes On April 1, 2016, Epic entered into an Amendment to Convertible Promissory Notes dated April 1, 2016 (the “Amendment”) with Old Main, amending each of the 8% Senior Convertible Promissory Notes, dated as of January 27, 2016, issued by Epic to Old Main (the “8% Note”) and each of the 10% Senior Secured Convertible Promissory Notes (each, a “10% Note” and together with the 8% Note, a “Note”) issued by Epic to Old Main pursuant to the Purchase Agreement. There is currently an existing event of default (the “Default”) based on the failure of Epic to file a registration statement by no later than the 45 th Pursuant to the Amendment, the parties agreed: (a) to amend the conversion price of each of the 10% Notes to be equal to the lower of (i) 64% of the lowest VWAP in the five (5) trading days prior to the closing date, (ii) 50% of the lowest VWAP of the common stock in the thirty (30) trading days prior to the conversion date, or (iii) the conversion price of any other Note; (b) to amend the conversion price of each of the 8% Notes to be equal to the lower of (i) 94% of the lowest VWAP during the ten (10) trading days prior to the original issue date, (ii) 50% of the lowest VWAP of the common stock in the thirty (30) trading days prior to the conversion date, or (iii) the conversion price of any other Note; and (c) waive the Default. Amendment to Registration Rights On April 1, 2016, Epic entered into an Amendment to Registration Rights Agreement (the “Amendment to Registration Rights Agreement”) with Old Main, whereby the parties agreed to amend the Registration Rights Agreement dated as of January 27, 2016 (the “Registration Rights Agreement”). Pursuant to the terms of the Amendment to Registration Rights Agreement, the parties agreed to: (a) add a new definition for “Notes”, which includes the addition of (i) that certain 8% Senior Convertible Promissory Note in the principal amount of $500,000 issued by Epic to Old Main on January 27, 2016 and (ii) that certain 10% Senior Secured Convertible Promissory Note in the principal amount of $266,000 issued by Epic to Old Mail on April 1, 2016; (b) add a requirement that if the Initial Registration Statement is not filed within fifteen (15) calendar days after Epic filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2015, then (i) the outstanding principal amount of each Note shall be automatically increased by 10%, and (ii) the definition of “Alternate Conversion Price” in each of the Notes shall be automatically amended to read as follows: “’Alternate Conversion Price’ means 40% of the lowest VWAP in the thirty (30) days prior to the Conversion Date”. Issuance of New Convertible Notes On April 1, 2016, Epic issued Old Main a new 10% Note in the principal amount of $271,739 with the original issue date of April 1, 2016 in exchange for $250,000 pursuant to the Amended Purchase Agreement. The 10% Notes will bear interest at the rate of 10% per annum, which interest amount will be guaranteed for six months and such interest due on the 10% Notes for a period of six months will be deemed earned as of the original issue date of the 10% Notes. All overdue accrued and unpaid interest to be paid under the Notes will entail a late fee at an interest rate equal to the lesser of 24% per annum or the maximum rate permitted by applicable law. At any time upon 10 days written notice to the holder of the 10% Notes, Epic may prepay any portion of the principal amount of the 10% Note and any accrued and unpaid interest by paying the principal amount of the 10% Notes and interest multiplied by 130%. At the earlier of the six months anniversary of the closing date or the SEC Effective Date, Epic must redeem 1/12 th On April 15, 2016, Epic issued Old Main a new 10% Note in the principal amount of $135,870 with the original issue date of April 15, 2016 in exchange for $125,000 pursuant to the Amended Purchase Agreement. The 10% Notes will bear interest at the rate of 10% per annum, which interest amount will be guaranteed for six months and such interest due on the 10% Notes for a period of six months will be deemed earned as of the original issue date of the 10% Notes. All overdue accrued and unpaid interest to be paid under the Notes will entail a late fee at an interest rate equal to the lesser of 24% per annum or the maximum rate permitted by applicable law. At any time upon 10 days written notice to the holder of the 10% Notes, Epic may prepay any portion of the principal amount of the 10% Note and any accrued and unpaid interest by paying the principal amount of the 10% Notes and interest multiplied by 130%. At the earlier of the six months anniversary of the closing date or the SEC Effective Date, Epic must redeem 1/12 th Old Main is an accredited investor (as that term is defined in Regulation D of the Securities Act of 1933 Assignment and Exchange Note On April 1, 2016, Epic and Epic Stores LLC, a wholly-owned subsidiary of Epic, entered into an Assignment and Exchange Agreement with Old Main, pursuant to which Epic Stores LLC agreed to assign certain Loan Agreement dated as of February 26, 2016 (the “Old Main Loan”) between Epic Stores LLC and Old Main to Epic, Old Main agreed to surrender the Old Main Loan to Epic Stores Corp. and, in exchange, we agreed to issue Old Main a 10% Note (the “Exchange Note”) in the principal amount of $266,000 with the original issue date of April 1, 2016. On April 1, 2016, we issued the Exchange Note to Old Main. We issued the Exchange Note, relying on the exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) of the Securities Act. ZSL Assignment agreement Effective April 5, 2016, we entered into an Assignment Agreement (the “Assignment Agreement”) with Titan Investments, LLC (“Titan”) and ZSL Trust Dated March 12, 2010 (“ZSL”), whereby ZSL agreed to assume our debt to Titan in the amount of $450,000 (the “Loan”). Titan is an entity jointly controlled by Brian Davidson. As consideration for the assumption of the Loan by ZSL, we agreed to issue a convertible note (the “Note”) to ZSL in the principal amount of $450,000. The Note will have a maturity date of September 30, 2016 and bear interest at the rate of 4% per annum. The principal amount of the Note and accrued interest thereon will be convertible, at the option of ZSL, into shares of our common stock at a conversion price of $0.90 per share. Issuance of Convertible Notes On April 19, 2016, the Company issued a secured promissory note to an investor in the principal amount of $290,000. The note carried an original issue discount of $90,000, therefore $200,000 was received by the Company, net of the discount. The loan will be repaid in 126 equal payments of $2,300 and is secured by all assets of the Company. The original issue discount was recorded as a reduction of the principal balance and will be amortized over the life of term of the agreement. On April 21, 2016, the Company issued a secured promissory note to an investor in the principal amount of $260,000. The note carried an original issue discount of $60,000, therefore $200,000 was received by the Company, net of the discount. The loan will be repaid in 147 equal payments of $1,769 and is secured by all assets of the Company. The original issue discount was recorded as a reduction of the principal balance and will be amortized over the life of term of the agreement. On May 12, 2016, the Company issued a secured promissory note to an investor in the principal amount of $167,400. The note carried an original issue discount of $43,400, therefore $124,000 was received by the Company, net of the discount. The loan will be repaid in 110 equal payments of $1,522 and is secured by all assets of the Company. The original issue discount was recorded as a reduction of the principal balance and will be amortized over the life of term of the agreement.

BASIS OF PRESENTATION AND GOI20

BASIS OF PRESENTATION AND GOING CONCERN (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Principles of Consolidation	T he consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated.
Going Concern	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred cumulative net losses of $16,050,426 since its inception and requires additional capital for its contemplated operational and marketing activities to take place. The Company’s ability to raise additional capital through the future issuance of common stock is unknown. Additional financing, the successful development of the Company’s contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations, are necessary for the Company to continue operations. The ability to successfully resolve these factors raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties.

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Use of Estimates	The process of preparing financial statements in conformity with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues and expenses. Such estimates primarily relate to unsettled transactions and events as of the date of the financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts.
Cash and Cash Equivalents	For purposes of the statement of cash flows, the Company considers all highly liquid investments and short-term debt instruments with original maturities of three months or less to be cash equivalents. There was $nil and $nil in cash and cash equivalents as of March 31, 2016 and December 31, 2015, respectively.
Fair Value of Financial Instruments	The carrying amounts reflected in the balance sheets for cash, accounts payable and accrued expenses approximate the respective fair values due to the short maturities of these items. The Company does not hold any investments that are available-for-sale. As required by the Fair Value Measurements and Disclosures The three levels of the fair value hierarchy are described below: Level 1: Cash and unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (supported by little or no market activity).
Property and Equipment	Property and equipment are recorded at historical cost. Minor additions and renewals are expensed in the year incurred. Major additions and renewals are capitalized and depreciated over their estimated useful lives. When property and equipment are retired or otherwise disposed of, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is included in the results of operations for the respective period. Depreciation is provided over the estimated useful lives of the related assets using the straight-line method for financial statement purposes. The Company uses other depreciation methods (generally accelerated) for tax purposes where appropriate. The estimated useful lives for significant property and equipment categories are as follows: Furniture and Fixtures 5 - 7 Years Leasehold Improvements Shorter of lease term or useful life.
Impairment of Long-Lived Assets	The Company assesses long-lived assets or asset groups for recoverability on a quarterly basis and when events or changes in circumstances indicate that their carrying amount may not be recoverable. The Company considers the following indicators, among others, that may trigger an impairment: (i) loss from operations or income from operations significantly below historical or projected future operating results; (ii) significant changes in the manner or use of the assets or in the Company's overall strategy with respect to the manner or use of the acquired assets or changes in its overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company's stock price for a sustained period of time; and (vi) regulatory changes. The Company evaluates the performance of its stores to determine impairment of its long-lived assets at retail stores. Stores that have been operating for less than 12 months are excluded from the analysis because of lack of historical financial results or trends. Each new store needs between 12 months and 24 months to mature and begin generating positive cash flows. For purposes of this evaluation, long-lived assets subject to store impairments include leasehold improvements as well as certain intangible assets such as broker and finder fees, lease rights, key money on store leases, and any other non-transferable assets. All intangible assets are subject to impairment analysis if they are non-refundable in nature. If the Company identifies an indicator of impairment, it assesses recoverability by comparing, per store, the carrying amount of the store assets to the estimated future undiscounted cash flows associated with the store. An impairment loss is recognized when the carrying amount is not recoverable and is measured as the excess of carrying value over fair value. Such estimated fair values are generally determined by using the discounted future cash flows using a rate that approximates the Company's weighted average cost of capital. The key assumptions used in management's estimates of projected cash flow at its retail stores deal largely with forecasts of sales levels, gross margins and payroll costs. These forecasts are typically based on historical trends and take into account recent developments as well as management's plans and intentions. Any material change in manufacturing costs or raw material costs could significantly impact projected future cash flows of retail stores, and these factors are considered in evaluating impairment. Other factors, such as increased competition or a decrease in the desirability of the Company's products, could lead to lower projected sales levels which would adversely impact cash flows. A significant change in cash flows in the future could result in an impairment of long lived assets. The Company performed a recoverability test on its stores and did not identify any indicators of impairment at its retail stores, and determined that no impairment charges were required, for the periods ended March 31, 2016 and December 31, 2015, respectively.
Revenue Recognition	The Company recognizes revenue on arrangements in accordance with ASC Section 605, " Revenue Recognition Revenue Recognition in Financial Statements Revenue Recognition ASC 605-45-50-3 and ASC 605-45-50-4, "Taxes Collected from Customers and Remitted to Governmental Authorities" provide that the presentation of taxes on either a gross or net basis is an accounting policy decision. The Company collects various taxes assessed by governmental authorities and records these amounts on a net basis. The Company’s products are acquired on a bulk basis with the same price per pound being paid to suppliers regardless of the specific product types. To date, the Company has not internally tracked different categories of products as between, for example, clothing and household goods, as it has not had the system capability to support such categorizations. As such, it is impracticable to provide information on a per product basis. The Company does, however, differentiate between revenues received from retail sales versus revenue received from wholesale sales, which are amounts that are easily determinable.
Sales Returns and Allowances	The Company analyzes its historical sales return experience and records an allowance for its wholesale and retail store sales. Estimating sales returns is based on many factors including expected return data communicated by customers. The Company regularly reviews those factors and makes adjustments when it believes that actual product returns and claims may differ from established reserves. If actual or expected future returns and claims are significantly greater or lower than reserves established, the Company would decrease or increase net revenues in the period in which it made such determination.
Inventories	Merchandise inventory is valued at the lower of average cost or market, utilizing the weighted average method. Average cost includes the direct cost of merchandise and related expenses. The Company records merchandise receipts at the time that both title and risk of loss for the merchandise transfers to the Company. The Company identifies potentially excess and slow-moving inventories by evaluating turn rates, inventory levels and other factors, and records lower of cost or market reserves for such identified excess and slow-moving inventories. As of March 31, 2016 and December 31, 2015, no such reserve had been recorded.
Stock-Based Compensation	The Company follows the guidelines in FASB Codification Topic ASC 718-10 " Compensation - Stock Compensation
Non-Employee Stock Based Compensation	The Company accounts for stock based compensation awards issued to non-employees for services, as prescribed by ASC 718-10, at either the fair value of the services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the measurement date guidelines enumerated in ASC 505-50. The Company may issue compensatory shares for services including, but not limited to, executive, management, accounting, operations, corporate communication, financial and administrative consulting services.
Earnings (Loss) per Share	The Company reports earnings (loss) per share in accordance with FASB Standards ASC 260-10 " Earnings Per Share
Advertising	The Company does not defer advertising expenses but expenses them as incurred. Advertising expenses were $3,408, and $79,074 for the three months ended March 31, 2016 and 2015, respectively, and were included in general and administrative expenses in the consolidated statements of operations.
Concentration of Credit Risk	Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of cash (the amounts of which may, at times, exceed Federal Deposit Insurance Corporation limits on insurable amounts) and trade accounts receivable relating substantially to the Company's U.S. Wholesale segment. Cash is managed within established guidelines, and the Company mitigates its risk by investing through major financial institutions. Concentration of credit risk with respect to trade accounts receivable is limited by performing on-going credit evaluations of the Company's customers and adjusting credit limits based upon payment history and the customer's current credit worthiness. Collections and payments from customers are continuously monitored. The Company maintains an allowance for doubtful accounts which is based upon historical experience and specific customer collection issues that have been identified. While bad debt expenses have historically been within expectations and allowances established, the Company cannot guarantee that it will continue to experience the same credit loss rates that it has in the past.
Income Taxes	The Company was a limited liability company from inception until May 20, 2015 and treated as a partnership for federal and state income tax purposes with all income tax liabilities and/or benefits of the Company being passed through to the members. As such, no recognition of federal or state income taxes for the Company or its subsidiaries that are organized as limited liability companies have been provided for in the accompanying consolidated financial statements. Any uncertain tax position taken by the member is not an uncertain position of the Company. Subsequent to May 20, 2015 the Company merged with a corporation and, as a result, income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Because the Company has no net income, the tax benefit of the accumulated net loss has been fully offset by an equal valuation allowance.
Deferred Rent, Rent Expense and Tenant Allowances	The Company occupies its retail stores, corporate office, manufacturing facilities, and distribution center under operating leases with terms of one to eleven years. Some leases contain renewal options for periods ranging from five to seven years under substantially the same terms and conditions as the original leases but with rent adjustments based on various factors specific to each agreement. Many of the store leases require payment of a specified minimum rent, a contingent rent based on a percentage of the store's net sales in excess of a specified threshold, plus defined escalating rent provisions. The Company recognizes its minimum rent expense on a straight-line basis over the term of the lease (including probable lease renewals) plus the construction period prior to occupancy of the retail location using a mid-month convention. Further, rent expenses include payments of real estate taxes, insurance and certain common area and maintenance costs in addition to the future minimum operating lease payments. Certain lease agreements provide for the Company to receive lease inducements or tenant allowances from landlords to assist in the financing of certain property. These inducements are recorded as a component of deferred rent and amortized as a reduction of rent expense over the term of the related lease.
Capital Lease Obligations	The Company leases certain equipment and vehicles that are classified as capital leases. The cost of equipment and vehicles under capital lease is included in the consolidated balance sheets as property and equipment and was recorded, net of accumulated depreciation, at $141,071 and $154,409 at March 31, 2016 and December 31, 2015, respectively. Accumulated depreciation of the leased equipment was recorded at $100,865 and $87,527 at March 31, 2016 and December 31, 2015, respectively.
Recently Issued Accounting Pronouncements	The Company has evaluated all recent accounting pronouncements through May 15, 2016, and believes that none of them will have a material effect on the Company's financial position, results of operations or cash flows.

INVENTORY (Tables)

INVENTORY (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory	March 31, 2016 December 31, 2015 Merchandise goods $ 49,952 $ 76,433 Less reserve for inventory shrinkage and obsolescence — — Total, net of reserves $ 49,952 $ 76,433

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	3 Months Ended
	Mar. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of Fixed Assets	March 31, 2016 December 31, 2015 Furniture and fixtures $ 873,196 $ 873,196 Capitalized equipment leases 241,936 241,936 1,115,132 1,115,132 Less accumulated depreciation and amortization (556,228 ) (497,865 ) Property and equipment, net $ 558,904 $ 617,267

TENANT IMPROVEMENTS (Tables)

TENANT IMPROVEMENTS (Tables)	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Schedule of Tenant Improvements	March 31, 2016 December 31, 2015 Tenant Improvements $ 923,820 $ 923,820 Less accumulated depreciation and amortization (62,772 ) (51,760 ) Tenant improvements, net $ 861,048 $ 872,060

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Payable Tables
Schedule of Unamortized Debt Discount	March 31, 2016 Note payable $ 32,818 Less unamortized debt discount (8,821 ) Note payable, net $ 23,997 March 31, 2016 Note payable $ 83,636 Less unamortized debt discount (13,651 ) Note payable, net $ 69,985 March 31, 2016 Note payable $ 231,619 Less unamortized debt discount (48,851 ) Note payable, net $ 182,768

CONVERTIBLE NOTES PAYABLE (Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Schedule of Outstanding Convertible Notes	Summary of Old Main Convertible Note Financing Number of shares issuable upon conversion Issuance date Note holder Interest rate Current Conversion price Principal Interest Maturity date January 27, 2016 Old Main 8% 0.25 500,000 11,555 January 27, 2017 2,046,220 January 27, 2016 Old Main 10% 0.25 271,739 13,587 January 27, 2017 1,141,304 February 26, 2016 Old Main 10% 0.25 181,857 - September 26, 2016 727,428 April 1, 2016 Old Main 10% 0.25 271,739 13,587 April 1, 2017 1,141,304 April 15, 2016 Old Main 10% 0.25 135,869 6,793 April 15, 2017 570,648 Upon S-1 effectiveness Old Main 10% 0.25 135,869 6,793 1 year from issuance 570,648 Total 1,497,073 52,315 6,197,552

STOCK OPTIONS AND WARRANTS (Tab

STOCK OPTIONS AND WARRANTS (Tables)	3 Months Ended
	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
Schedule of Warrany Activity	Number of Warrant Shares Weighted Average Exercise Price Balance, December 31, 2015 6,265,286 $ 0.73 Warrants granted and assumed 228,000 1.02 Warrants expired — — Warrants cancelled — — Warrants exercised — — Balance, March 31, 2016 6,493,286 $ 0.74

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of Contractual Obligations	Year 1 Year 2 Year 3 Year 4 Year 5 Total December 2016 December 2017 December 2018 December 2019 December 2020 Thereafter Long-Term Debt Obligations $ 250,000 $ — $ — 250,000 $ — $ — $ — Current Convertible Debt Obligations $ 611,428 $ 611,428 $ — — $ — $ — $ — Current Debt Obligations $ 1,254,648 $ 1,254,648 $ — — $ — $ — $ — Capital Leases $ 143,558 $ 35,607 $ 47,996 34,886 $ 17,287 $ 7,782 $ — Operating Lease Obligations $ 14,845,173 $ 1,506,638 $ 2,061,836 2,036,119 $ 1,725,979 $ 1,644,042 $ 5,870,559 Total $ 17,104,807 $ 3,408,321 $ 2,109,832 2,321,005 $ 1,743,266 $ 1,651,824 $ 5,870,559
Schedule of Operating Leases	2016 $ 1,506,638 2017 2,061,836 2018 2,036,119 2019 1,725,979 2020 1,644,042 Thereafter 5,870,559 $ 14,845,173

ORGANIZATION AND DESCRIPTION 29

ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Narrative)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Date of Incorporation	Apr. 30, 2012
Stock Split Ratio	2.4
Exchange Agreement
Common stock, shares outstanding	27,083,493
Shares Issued	19,959,970
Warrants Issued	1,133,813
Warrants, Exercise Price | $ / shares	$ 1.02
Warrants, Maturity Date	Jun. 24, 2018

BASIS OF PRESENTATION AND GOI30

BASIS OF PRESENTATION AND GOING CONCERN (Details Narrative)	3 Months Ended
	Mar. 31, 2016USD ($)
Basis Of Presentation And Going Concern Details Narrative
Cumulative Net Losses	$ 16,050,426

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2015
Cash
FDIC	$ 250,000
Revenue	1,188,504		$ 1,841,296
Advertising Expense	3,408		79,074
Net loss	$ (1,952,296)		$ (1,248,900)
Basic loss per common share	$ (0.05)		$ (0.08)
Min
Estimated Useful Lives	P5Y
Max
Estimated Useful Lives	P7Y
Deconsolidation of Variable Interest Entity
Net loss	$ 470,647	$ 8,575
Basic loss per common share	$ (0.02)
Cost of Equipment
Accumulated depreciation	$ 141,071			$ 154,409
Leased Equipment
Accumulated depreciation	$ 100,865			$ 87,527

INVENTORY - Schedule of Invento

INVENTORY - Schedule of Inventory (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Merchandise goods	$ 49,952	$ 76,433
Less reserve for inventory shrinkage and obsolescence
Total, net of reserves	$ 49,952	$ 76,433

FIXED ASSETS - Schedule of Fixe

FIXED ASSETS - Schedule of Fixed Assets (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Fixed assets, net	$ 558,904	$ 617,267
Fixed Assets
Furniture and fixtures	873,196	873,196
Capitalized equipment leases	241,936	241,936
Fixed assets, gross	1,115,132	1,115,132
Less accumulated depreciation and amortization	(556,228)	(497,865)
Fixed assets, net	$ 558,904	$ 617,267

FIXED ASSETS (Details Narrative

FIXED ASSETS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Fixed Assets
Depreciation expense	$ 58,363	$ 52,558

TENANT IMPROVEMENTS - Schedule

TENANT IMPROVEMENTS - Schedule of Tenant Improvements (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Tenant improvements, net	$ 861,048	$ 872,060
Tenant Improvement
Tenant Improvements	923,820	923,820
Less accumulated depreciation and amortization	(62,772)	(51,760)
Tenant improvements, net	$ 861,048	$ 872,060

TENANT IMPROVEMENTS (Details Na

TENANT IMPROVEMENTS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Tenant Improvement
Depreciation expense	$ 11,012	$ 4,733

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)	2 Months Ended	3 Months Ended		12 Months Ended
	May. 20, 2016USD ($)	Mar. 31, 2016USD ($)$ / shares$ / lb	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Professional Fees		$ 332,375	$ 137,610
Accounts payable and accrued liabilities		1,913,970		$ 1,539,524
Titan
Advances from related parties	$ 71,600	590,413		231,938
Accounts payable and accrued liabilities		$ 123,988
Debt Instrument, Repayment	$ 88,025
ZSL Note
Date of Debt Instrument		Apr. 5, 2016
Debt Instrument		$ 450,000
Debt Instrument, Interest Rate		4.00%
Debt Instrument, Maturity Date		Sep. 30, 2016
Conversion price per share | $ / shares		$ 0.90
CEO
Salary compensation		$ 160,000
Professional Fees		40,000
Professional Fees, unpaid		20,000
COO
Salary compensation		160,000
Professional Fees		40,000
Professional Fees, unpaid		$ 13,333
Atlas
Inventory Purchase Price | $ / lb		0.36
Inventory Purchase		$ 32,172	166,656
Accounts payable and accrued liabilities		$ 219,018		213,721
Plant Green
Inventory Purchase Price | $ / lb		0.36
Inventory Purchase		$ 14,508	$ 72,897
Accounts payable and accrued liabilities		167,344		$ 152,826
Bluechip
Salary compensation		66,000
Monthly Consulting Fee		8,000
Professional Fees, unpaid		$ 50,033

NOTES PAYABLE - Schedule of Una

NOTES PAYABLE - Schedule of Unamortized Debt Discount (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note payable, net	$ 250,000	$ 250,000
E-6 (Balance)
Note payable	32,818
Less unamortized debt discount	(8,821)
Note payable, net	23,997
E-8 (Balance)
Note payable	83,636
Less unamortized debt discount	(13,651)
Note payable, net	69,985
E-7 (Balance)
Note payable	231,619
Less unamortized debt discount	(48,851)
Note payable, net	$ 182,768

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest expense	$ (275,453)	$ (30,802)
E7
Date of Debt Instrument	Nov. 3, 2015
Debt Instrument	$ 217,500
Principal and Interest, Paid	112,190
Interest expense	34,901
Debt Instrument, Original Issue Discount	$ 117,000
Debt Instrument, Term	126 months
Debt Instrument, Repayment Description	The loan will be repaid over 126 equal daily payments of $1,726 and is secured by all assets of the Company.
E8
Date of Debt Instrument	Nov. 4, 2015
Debt Instrument	$ 180,461
Principal and Interest, Paid	60,032
Interest expense	10,267
Debt Instrument, Original Issue Discount	$ 30,461
Debt Instrument, Term	187 months
Debt Instrument, Repayment Description	The loan will be repaid over 187 equal daily payments of $968 and is secured by all assets of the Company.
E9
Date of Debt Instrument	Nov. 27, 2015
Debt Instrument	$ 146,000
Principal and Interest, Paid	113,150
Interest expense	29,795
Debt Instrument, Original Issue Discount	$ 46,000
E10
Date of Debt Instrument	Jul. 15, 2015
Debt Instrument	$ 16,000
Debt Instrument, Interest Rate	12.00%
Debt Instrument, Maturity Date	Jan. 28, 2016
E11
Date of Debt Instrument	Nov. 17, 2015
Debt Instrument	$ 10,900
Debt Instrument, Interest Rate	12.00%
Debt Instrument, Maturity Date	Nov. 27, 2016
Debt Instrument, Balance	$ 7,485
E1
Date of Debt Instrument	Aug. 15, 2014
Debt Instrument	$ 250,000
Debt Instrument, Interest Rate	16.00%
Debt Instrument, Maturity Date	Dec. 31, 2018
Debt Instrument, Shares Issued	233,791
E2
Date of Debt Instrument	Aug. 15, 2014
Debt Instrument	$ 250,000
Debt Instrument, Interest Rate	16.00%
Debt Instrument, Maturity Date	Dec. 31, 2018
Debt Instrument, Shares Issued	233,791
E3
Date of Debt Instrument	Jan. 15, 2015
Debt Instrument	$ 100,000
E4
Date of Debt Instrument	Apr. 16, 2015
Debt Instrument	$ 200,000
Debt Instrument, Interest Rate	23.00%
Debt Instrument, Maturity Date	Jun. 30, 2015
Debt Instrument, Shares Issued	352,941
Debt Instrument, Value of Convertible Feature	$ 0
E5
Date of Debt Instrument	Mar. 2, 2015
Debt Instrument	$ 750,000
Debt Instrument, Interest Rate	12.00%
Debt Instrument, Maturity Date	Sep. 18, 2015
Debt Instrument Description	In connection with the entry into the letter of intent, on March 18, 2015, Epic Corp. entered into a loan agreement with a third party lender, pursuant to which the lender agreed to make a loan in the principal amount of $750,000 to Epic Corp. The loan bore interest at the rate of 12% per annum, and had a maturity date of September 18, 2015. As security for the secured note, Epic Corp. provided the lender with security over all of its assets pursuant to the terms of a general security agreement made by Epic Corp. in favor of the lender. In connection with the closing of the Exchange Agreement on June 24, 2015, the principal amount outstanding under the March 18, 2015 note, and accrued interest thereon, totaling $770,959, was settled by the issuance of units of the Company at a deemed price of $0.882 per unit. Each unit consisted of one share of common stock in the capital of the Company and one warrant, each of which is exercisable into one share of common stock of the Company at a price of $1.02 until June 24, 2018.
E6
Date of Debt Instrument	Aug. 13, 2015
Debt Instrument	$ 195,000
Debt Instrument, Original Issue Discount	45,000
Debt Instrument, net	150,000
Debt Instrument, Balance	$ 0
E12
Date of Debt Instrument	Feb. 26, 2016
Debt Instrument	$ 256,000
Principal and Interest, Paid	24,381
Interest expense	7,149
Debt Instrument, Original Issue Discount	$ 56,000
E13
Date of Debt Instrument	Jan. 28, 2016
Debt Instrument	$ 6,000
Debt Instrument, Interest Rate	12.00%
Debt Instrument, Balance	$ 5,000
E-4 Amdt
Date of Debt Instrument	Jan. 25, 2016
Debt Instrument Description	(a) the maturity date for repayment of the note was changed from June 30, 2015 to December 31, 2015; (b) the Company agreed to the pay Funding Corp. the fee of $50,000 on or prior to January 8, 2016, plus accrued interest at a rate of 23% per annum beginning on July 1, 2015, until the date of payment in full of the fee and any accrued but unpaid interest thereon, which accrued interest will be payable on the last day of each calendar month with the first such payment made on December 31, 2015; and (c) if all amounts owing under the note and the fee, including all accrued but unpaid interest thereon, had not been wired to Funding Corp. on or prior to February 2, 2016, the Company would be required to pay Funding Corp. an additional $25,000 on February 2, 2016, with interest at the rate of 23% per annum to accrue with respect to such $25,000 effective as of February 2, 2016 in the event such payment is not made on February 2, 2016.
Debt Instrument Fee Amount	$ 50,000
Debt Instrument, Repayment Description	In consideration of the amendments, the Company agreed to issue Funding Corp, 145,000 stock purchase warrants, plus commencing on January 8, 2016, 1,000 warrants per day until the date of repayment of all amounts owing under the note.

CONVERTIBLE NOTES PAYABLE - Sch

CONVERTIBLE NOTES PAYABLE - Schedule of Outstanding Convertible Notes (Details)	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Old Main #1
Date of Debt Instrument	Jan. 27, 2016
Debt Instrument	$ 500,000
Debt Instrument, Interest Rate	8.00%
Conversion price per share | $ / shares	$ 0.25
Debt Instrument, Maturity Date	Jan. 27, 2017
Accrued Interest	$ 11,555
Shares Issuable upon conversion | shares	2,046,220
Old Main #2
Date of Debt Instrument	Jan. 27, 2016
Debt Instrument	$ 271,739
Debt Instrument, Interest Rate	10.00%
Conversion price per share | $ / shares	$ 0.25
Debt Instrument, Maturity Date	Jan. 27, 2017
Accrued Interest	$ 13,587
Shares Issuable upon conversion | shares	1,141,304
Old Main #3
Date of Debt Instrument	Feb. 26, 2016
Debt Instrument	$ 181,857
Debt Instrument, Interest Rate	10.00%
Conversion price per share | $ / shares	$ 0.25
Debt Instrument, Maturity Date	Sep. 26, 2016
Accrued Interest
Shares Issuable upon conversion | shares	727,428
Old Main #4
Date of Debt Instrument	Apr. 1, 2016
Debt Instrument	$ 271,739
Debt Instrument, Interest Rate	10.00%
Conversion price per share | $ / shares	$ 0.25
Debt Instrument, Maturity Date	Apr. 1, 2017
Accrued Interest	$ 13,587
Shares Issuable upon conversion | shares	1,141,304
Old Main #5
Date of Debt Instrument	Apr. 15, 2016
Debt Instrument	$ 135,869
Debt Instrument, Interest Rate	10.00%
Conversion price per share | $ / shares	$ 0.25
Debt Instrument, Maturity Date	Apr. 15, 2017
Accrued Interest	$ 6,793
Shares Issuable upon conversion | shares	570,648
Old Main #6
Debt Instrument	$ 135,869
Debt Instrument, Interest Rate	10.00%
Conversion price per share | $ / shares	$ 0.25
Accrued Interest	$ 6,793
Shares Issuable upon conversion | shares	570,648

CONVERTIBLE NOTES PAYABLE (Deta

CONVERTIBLE NOTES PAYABLE (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Interest expense	$ (275,453)	$ (30,802)
Old Main Combined
Debt Instrument	750,000
Debt Instrument, Principal Amount	1,497,073
Interest expense	$ 52,315
Shares Issuable upon conversion	6,197,552

STOCKHOLDERS DEFICIT (Details N

STOCKHOLDERS DEFICIT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Preferred stock, par value (in dollars per share)	$ 0.001		$ 0.001
Preferred stock, shares authorized	10,000,000		10,000,000
Common stock, par value (in dollars per share)	$ 0.0001		$ 0.0001
Common stock, shares authorized	687,500,000		687,500,000
Common stock, shares issued	38,680,263		38,123,120
Shares issued to settle dividends payable	$ (74,686)
Payroll and Related Expenses	$ 883,907	$ 1,208,009
Issuance #7
Date of Issuance	Jan. 24, 2016
Shares Issued, New Issuances	200,000
Shares Issued, New Issuances, Value	$ 212,000
Issuance #8
Date of Issuance	Feb. 25, 2016
Shares Issued, New Issuances	357,143
Shares Issued, New Issuances, Value	$ 250,000

STOCK OPTIONS AND WARRANTS - Sc

STOCK OPTIONS AND WARRANTS - Schedule of Warrany Activity (Details) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Other Liabilities Disclosure [Abstract]
Beginning Balance, number of shares	6,265,286
Beginning Balance, weighted average exercise price	$ 0.73
Warrants granted and assumed, number of shares	228,000
Warrants granted and assumed, weighted average exercise price	$ 1.02
Warrants expired, number of shares
Warrants expired, weighted average exercise price
Warrants cancelled, number of shares
Warrants cancelled, weighted average exercise price
Warrants exercised, number of shares
Warrants exercised, weighted average exercise price
Ending Balance, number of shares	6,493,286	6,265,286
Ending Balance, weighted average exercise price	$ 0.74	$ 0.73

STOCK OPTIONS AND WARRANTS (Det

STOCK OPTIONS AND WARRANTS (Details) - E-4 Amdt	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Date of Debt Instrument	Jan. 25, 2016
Debt Instrument, Repayment Description	In consideration of the amendments, the Company agreed to issue Funding Corp, 145,000 stock purchase warrants, plus commencing on January 8, 2016, 1,000 warrants per day until the date of repayment of all amounts owing under the note.
Warrant to Purchase	145,000
Warrant to Purchase, price per share | $ / shares	$ 1.02
Warrant, Issued	228,000
Warrant, Fair Value Expense | $	$ 81,528

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Schedule of Contractual Obligations (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Long-Term Debt Obligations	$ 250,000	$ 250,000
Convertible notes	611,428
Current Debt Obligations	1,254,648
Capital Leases	143,558
Operating Lease Obligations	14,845,173
Total	$ 17,104,807
Year 1
Long-Term Debt Obligations
Convertible notes	$ 611,428
Current Debt Obligations	1,254,648
Capital Leases	35,607
Operating Lease Obligations	1,506,638
Total	$ 3,408,321
Year 2
Long-Term Debt Obligations
Convertible notes
Current Debt Obligations
Capital Leases	$ 47,996
Operating Lease Obligations	2,061,836
Total	2,109,832
Year 3
Long-Term Debt Obligations	$ 250,000
Convertible notes
Current Debt Obligations
Capital Leases	$ 34,886
Operating Lease Obligations	2,036,119
Total	$ 2,321,005
Year 4
Long-Term Debt Obligations
Convertible notes
Current Debt Obligations
Capital Leases	$ 17,287
Operating Lease Obligations	1,725,979
Total	$ 1,743,266
Year 5
Long-Term Debt Obligations
Convertible notes
Current Debt Obligations
Capital Leases	$ 7,782
Operating Lease Obligations	1,644,042
Total	$ 1,651,824
Thereafter
Long-Term Debt Obligations
Convertible notes
Current Debt Obligations
Capital Leases
Operating Lease Obligations	$ 5,870,559
Total	$ 5,870,559

COMMITMENTS AND CONTINGENCIES46

COMMITMENTS AND CONTINGENCIES - Schedule of Operating Leases (Details)	Mar. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,015	$ 1,506,638
2,016	2,061,836
2,017	2,036,119
2,018	1,725,979
2,019	1,644,042
Thereafter	5,870,559
Operating Lease Obligations	$ 14,845,173

COMMITMENTS AND CONTINGENCIES47

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Lease Term, Min	5 years
Lease Term, Max	10 years
Deferred Rent	$ 1,408,841
Rent expense	$ 628,902	$ 652,100

INCENTIVES FROM LESSORS (Detail

INCENTIVES FROM LESSORS (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Contributions		$ 333,500
Landlord
Amortization of incentives	$ 13,206

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	3 Months Ended
	Mar. 31, 2016USD ($)
E14
Date of Debt Instrument	Apr. 19, 2016
Debt Instrument	$ 290,000
Debt Instrument, Original Issue Discount	$ 90,000
Debt Instrument, Term	126 months
Debt Instrument, Repayment Description	The loan will be repaid in 126 equal payments of $2,300 and is secured by all assets of the Company.
E15
Date of Debt Instrument	Apr. 21, 2016
Debt Instrument	$ 260,000
Debt Instrument, Original Issue Discount	$ 60,000
Debt Instrument, Term	147 months
Debt Instrument, Repayment Description	The loan will be repaid in 147 equal payments of $1,769 and is secured by all assets of the Company.
E16
Date of Debt Instrument	May 12, 2016
Debt Instrument	$ 167,400
Debt Instrument, Original Issue Discount	$ 43,400
Debt Instrument, Term	110 months
Debt Instrument, Repayment Description	The loan will be repaid in 110 equal payments of $1,522 and is secured by all assets of the Company.
Assign & Exchange
Debt Instrument	$ 266,000
Date of Agreement	Apr. 1, 2016