Zero Gravity Solutions (ZGSI) 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 14, 2015
Document Information [Line Items]
Entity Registrant Name	Zero Gravity Solutions, Inc.
Entity Central Index Key	1,574,186
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	ZGSI
Entity Common Stock, Shares Outstanding		33,825,597
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash	$ 20,440	$ 253,677
Prepaid Expenses	445,727	213,781
Accounts Receivable	350	1,325
Inventory	25,393	18,592
Total Current Assets	491,910	487,375
Property and Equipment - net	56,374	44,142
OTHER ASSETS
Deposit	6,756	6,356
Advance on Future Royalties - Related Parties	102,370	50,356
TOTAL ASSETS	657,410	588,229
CURRENT LIABILITIES
Accounts Payable and Accrued Liabilities	366,888	155,960
Notes Payable Related Party	0	11,000
Notes Payable	34,873	104,647
Total Current Liabilities	401,761	271,607
STOCKHOLDERS' EQUITY
Common stock; 100,000,000 shares authorized, at $0.001 par value, 33,715,097 and 30,844,597 shares issued and outstanding, respectively	33,715	30,845
Common stock to be issued	0	25,000
Additional paid-in capital	7,129,108	4,748,285
Accumulated other comprehensive loss	(9,786)	(1,847)
Accumulated deficit	(6,897,388)	(4,485,661)
Total Stockholders' Equity	255,649	316,622
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 657,410	$ 588,229

Consolidated Balance Sheets _Pa

Consolidated Balance Sheets [Parenthetical] - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares, Issued	33,715,097	30,844,597
Common Stock, Shares, Outstanding	33,715,097	30,844,597

Consolidated Statements of Oper

Consolidated Statements of Operations and Other Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
REVENUE
Sale of Goods	$ 82,965	$ 0	$ 82,965	$ 0
Total Revenue	82,965	0	82,965	0
COST OF REVENUE
Cost of Goods Sold	7,583	0	7,583	0
Royalty Expense	4,265	0	4,265	0
Total Cost of Revenue	11,848	0	11,848	0
GROSS PROFIT	71,118	0	71,118	0
OPERATING EXPENSES
General and Administrative	1,375,222	511,865	2,467,364	1,037,431
Research and Development	4,816	51,497	12,916	77,271
Total Operating Expenses	1,380,037	563,362	2,480,280	1,114,702
LOSS FROM OPERATIONS	(1,308,920)	(563,362)	(2,409,162)	(1,114,702)
OTHER EXPENSES
Interest Expense	(1,282)	(401)	(2,565)	(973)
Total Other Income (Expenses)	(1,282)	(401)	(2,565)	(973)
NET LOSS	$ (1,310,202)	$ (563,763)	$ (2,411,727)	$ (1,115,675)
NET LOSS PER SHARE - BASIC AND DILUTED (in dollars per share)	$ (0.04)	$ (0.02)	$ (0.07)	$ (0.04)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC AND DILUTED (in shares)	33,529,281	26,804,615	33,037,091	26,488,232
OTHER COMPREHENSIVE LOSS
Net Loss	$ (1,310,202)	$ (563,763)	$ (2,411,727)	$ (1,115,675)
Foreign currency translation loss	(379)	(3,259)	(7,939)	(3,730)
COMPREHENSIVE LOSS	$ (1,310,581)	$ (567,022)	$ (2,419,666)	$ (1,119,405)

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,411,727)	$ (1,115,675)
Adjustments to reconcile net loss to net cash used by operating activities:
Depreciation expense	3,349	413
Common stock issued for services	452,000	25,000
Warrants issued for services	723,695	273,801
Imputed interest - related party	0	33
Changes in operating assets and liabilities:
Receivables	975	0
Prepaids	(231,946)	(8,596)
Advance on future royalties - related parties	(52,013)	(16,000)
Inventory	(6,802)	(15,863)
Deposit	(400)	(2,226)
Accounts payable and accrued liabilities	210,928	(5,883)
Accrued interest	0	(1,143)
(Decrease) increase in:
Net Cash Used in Operating Activities	(1,311,941)	(866,139)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid to purchase equipment	(15,582)	(3,017)
Net Cash Used in Investing Activities	(15,582)	(3,017)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments of notes payable	(69,775)	0
Repayment on notes payable - related party	(11,000)	(26,000)
Proceeds from sale of common stock	1,278,500	678,000
Payment of offering costs	(95,500)	(54,900)
Net Cash Provided by Financing Activities	1,102,225	597,100
EFFECT OF EXCHANGE RATES ON CASH	(7,939)	(3,730)
NET (DECREASE) INCREASE IN CASH	(233,236)	(275,786)
CASH AT BEGINNING OF PERIOD	253,677	292,935
CASH AT END OF PERIOD	20,440	17,149
CASH PAID FOR:
Interest	0	0
Income Taxes	0	0
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Warrants issued as direct offering costs	185,103	53,225
Forgiveness of debt and accrued interest by a related party	0	0
Subscription receivable	$ 0	$ 0

ORGANIZATION, HISTORY AND NATUR

ORGANIZATION, HISTORY AND NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 – ORGANIZATION, HISTORY AND NATURE OF OPERATIONS The Company was organized on August 19, 1983 Delaware On January 12, 2012, the Company amended its Articles of Incorporation to change its name to ElectroHealing Technologies, Inc. under the laws of the State of Nevada, in anticipation of a merger which did not occur. On January 11, 2013, the Company amended its Articles of Incorporation to change its name to Zero Gravity Solutions, Inc. (“the Company”) (“ZGSI”), pursuant to the acquisition of intellectual property on December 3, 2012. On October 29, 2013, the Company formed its wholly-owned subsidiary in the State of Delaware, Zero Gravity Solutions, Inc., which had no operations through December 31, 2013. On December 16, 2013, the Company acquired 100 On June 13, 2014, the Company formed its wholly-owned subsidiary in the State of Florida, Bam Agricultural Solutions, Inc. On August 19, 2014, the Company formed its wholly-owned subsidiary in the U.K., Bam Agricultural Solutions, Ltd. On December 17, 2014, the Company formed its wholly-owned subsidiary in the State of Florida, Zero Gravity Life Sciences, Inc. The Company owns proprietary technology for its first commercial product, BAM-FX TM The Company’s mission is to improve life on earth by applying intellectual property and technology designed for and derived from six NASA enabled flights over the last five years through utilization of the unique long-term microgravity environment platform of the International Space Station (ISS). The Company’s initial projects are directed to providing solutions to critical world food crop challenges. Further, the Company is focused on industrializing and commercializing scientific breakthroughs in the area of patentable stem cell technologies through developing advances in plant, animal and human biology based on intellectual property designed for and derived from multiple experiments on the ISS. Basis of Presentation Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. It is management's opinion, however, that all material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The interim results for the period ended June 30, 2015, are not necessarily indicative of results for the full fiscal year. These unaudited financial statements should be read in conjunction with the audited financial statements and the notes thereto for the year ended December 31, 2014.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company had no cash equivalents at June 30, 2015 and December 31, 2014. In preparing financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses in the statement of operations. Actual results could differ from those estimates. The accompanying unaudited interim condensed consolidated financial statements include the accounts of Zero Gravity Solutions, Inc. and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Inventory is valued on a lower of first-in, first out (FIFO) cost or market basis. At June 30, 2015 raw materials on hand was $ 9,946 15,447 Property and equipment is stated at cost, less accumulated depreciation. Expenditures for maintenance and repairs are charged to expense as incurred. Depreciation is computed on a straight-line basis over estimated useful lives. Property and equipment is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. There were no impairment charges taken during the period ended June 30, 2015. The Company applies the accounting guidance under Financial Accounting Standards Board (“FASB”) ASC 820-10, “Fair Value Measurements” The guidance also establishes a fair value hierarchy for measurements of fair value as follows: • Level 1 – quoted market prices in active markets for identical assets or liabilities. • Level 2 - inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 – unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The carrying amounts of the Company’s short-term financial instruments, accounts payable and accrued liabilities and notes payable – related party, approximate fair value due to the relatively short period to maturity for these instruments. We account for stock options in accordance with Accounting Standards Codification (“ASC”) 718: Compensation - Stock Compensation (“ASC 718”). ASC 718 requires generally that all equity awards be accounted for at their “fair value.” This fair value is measured on the grant date for stock-settled awards, and at subsequent exercise or settlement for cash-settled awards. Fair value is equal to the underlying value of the stock for “full-value” awards such as restricted stock and performance shares, and estimated using an option-pricing model with traditional inputs for “appreciation” awards such as stock options and stock appreciation rights. Costs equal to these fair values are recognized ratably over the requisite service period based on the number of awards that are expected to vest, or in the period of grant for awards that vest immediately and have no future service condition. For awards that vest over time, cumulative adjustments in later periods are recorded to the extent actual forfeitures differ from our initial estimates: previously recognized compensation cost is reversed if the service or performance conditions are not satisfied and the award is forfeited. The expense resulting from share-based payments is recorded in general and administrative expense. Basic (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. June 30, 2015 December 31. Stock Warrants (Exercise price - $.50/share) (see Note 5) 2,796,900 1,926,900 Stock Warrants (Exercise price - $3.00/share) (see Note 5) 188,750 0 Total common stock equivalents 2,985,650 1,926,900 The Company expenses all research and development costs as incurred for which there is no alternative future use. The consolidated financial statements are presented in United States Dollars. The Company has a bank account in foreign currency. The balance of this bank account was translated from its local currency (British Pounds) into the reporting currency, U.S. dollars, using period end exchange rates. The resulting translation adjustments were recorded as a separate component of accumulated other comprehensive loss. Revenues and expenses were translated using weighted average exchange rate for the period. Transaction gains and losses resulting from foreign currency transactions were recorded as foreign exchange gains or losses in the consolidated statement of operations. The Company did not enter into any financial instruments to offset the impact of foreign currency fluctuations. The Company accounts for income taxes in accordance with accounting guidance now codified as FASB ASC Topic 740, “ Income Taxes Accounting guidance now codified as FASB ASC Topic 740-20, “Income Taxes – Intraperiod Tax Allocation,” At June 30, 2015 and December 31, 2014, the Company did not record any liabilities for uncertain tax positions.

GOING CONCERN

GOING CONCERN	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern, Disclosure [Text Block]	NOTE 3 – GOING CONCERN As reflected in the accompanying financial statements, the Company has an accumulated deficit of $ 6,897,388 1,311,941 The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established any source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plans to obtain such resources for the Company include obtaining capital from certain related parties, management and significant shareholders and through private placement of securities sufficient to meet its minimal operating expenses. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND COMMITMENT	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 4 – RELATED PARTY TRANSACTIONS AND COMMITMENT (A) Notes Payable Interest Rate Maturity Date June 30, 2015 December 31, 2014 (1) Note Payable - related party 10 % Due on Demand — 11,000 Total $ — $ 11,000 (1) During the year ended December 31, 2013, a board of director advanced $ 15,000 10 (B) Commitments During the year ended December 31, 2013, the Company entered into a royalty agreement having a term of 75 102,370 82,965

EQUITY

EQUITY	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	NOTE 5 – EQUITY (A) Common Stock Issued for Cash Period Ended June 30, 2015 The Company issued 2,507,000 1,253,500 0.50 12,500 25,000 2.00 (B) Direct Offering Costs Period Ended June 30, 2015 During the six months ended June 30, 2015, the Company issued 2,507,000 1,253,500 0.50 12,500 25,000 2.00 95,500 189,000 0.50 88,390 Exercise price $ 0.50 Expected dividends 0 % Expected volatility 157.54 % Risk free interest rate 1.18% - 1.50 % Expected life of warrants 5 years 1,250 3.00 2,384 Exercise price $ 3.00 Expected dividends 0 % Expected volatility 184.20 % Risk free interest rate 1.69 % Expected life of warrants 5 years (F) Warrants issued for Services Period Ended June 30, 2015 681,000 0.50 389,907 Exercise price $ 0.50 Expected dividends 0 % Expected volatility 157.54-184.20 % Risk free interest rate 1.29% - 1.69 % Expected life of warrants 5 years 175,000 3.00 333,790 Exercise price $ 3.00 Expected dividends 0 % Expected volatility 184.20 % Risk free interest rate 1.57% - 1.69 % Expected life of warrants 5 years (G) Warrants Weighted Average Remaining Weighted Average Contractual Life Number of Warrants Exercise Price (in Years) Outstanding - December 31, 2014 1,926,900 0.50 3.7 Granted 870,000 0.50 4.6 Granted 188,750 3.00 4.9 Exercised Cancelled/Forfeited Outstanding - June 30, 2015 2,985,650 0.60 4.0 Exercisable - June 30, 2015 2,985,650 0.60 4.0 As of June 30, 2015: Weighted Average Exercise Warrants Warrants Remaining Aggregate Price Outstanding Exercisable Contractual Life Intrinsic Value $ 0.50 2,796,900 2,796,900 3.9 years $ 3.00 188,750 188,750 4.9 years 2,985,650 2,985,650 4.0 years (H) Common Stock Issued for Services During the period ended June 30, 2015, the Company issued 150,000 75,000 0.50 201,000 402,000 2.00

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 6 – SUBSEQUENT EVENTS The Company has evaluated for subsequent events between the balance sheet date of June 30, 2015 and August 13, 2015, the date the financial statements were available to be issued. Warrants Associated with Offering Costs As a result of 110,000 18,450 110,000 245,007 Exercise price $ 3.00 Expected dividends 0 % Expected volatility 184.20 % Risk free interest rate 1.52-1.68 % Expected life of warrants 5 years Related Party Transactions On July 17, 2015, the Company executed a $ 500,000 8.5 July 16, 2016 350,000 3.00

SUMMARY OF SIGNIFICANT ACCOUN12

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company had no cash equivalents at June 30, 2015 and December 31, 2014.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates In preparing financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses in the statement of operations. Actual results could differ from those estimates.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The accompanying unaudited interim condensed consolidated financial statements include the accounts of Zero Gravity Solutions, Inc. and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Inventory, Policy [Policy Text Block]	Inventory Inventory is valued on a lower of first-in, first out (FIFO) cost or market basis. At June 30, 2015 raw materials on hand was $ 9,946 15,447
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment is stated at cost, less accumulated depreciation. Expenditures for maintenance and repairs are charged to expense as incurred. Depreciation is computed on a straight-line basis over estimated useful lives. Property and equipment is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. There were no impairment charges taken during the period ended June 30, 2015.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments and Derivative Financial Instruments The Company applies the accounting guidance under Financial Accounting Standards Board (“FASB”) ASC 820-10, “Fair Value Measurements” The guidance also establishes a fair value hierarchy for measurements of fair value as follows: • Level 1 – quoted market prices in active markets for identical assets or liabilities. • Level 2 - inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3 – unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The carrying amounts of the Company’s short-term financial instruments, accounts payable and accrued liabilities and notes payable – related party, approximate fair value due to the relatively short period to maturity for these instruments.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock based compensation We account for stock options in accordance with Accounting Standards Codification (“ASC”) 718: Compensation - Stock Compensation (“ASC 718”). ASC 718 requires generally that all equity awards be accounted for at their “fair value.” This fair value is measured on the grant date for stock-settled awards, and at subsequent exercise or settlement for cash-settled awards. Fair value is equal to the underlying value of the stock for “full-value” awards such as restricted stock and performance shares, and estimated using an option-pricing model with traditional inputs for “appreciation” awards such as stock options and stock appreciation rights. Costs equal to these fair values are recognized ratably over the requisite service period based on the number of awards that are expected to vest, or in the period of grant for awards that vest immediately and have no future service condition. For awards that vest over time, cumulative adjustments in later periods are recorded to the extent actual forfeitures differ from our initial estimates: previously recognized compensation cost is reversed if the service or performance conditions are not satisfied and the award is forfeited. The expense resulting from share-based payments is recorded in general and administrative expense.
Earnings Per Share, Policy [Policy Text Block]	Basic (Loss) per Common Share Basic (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. June 30, 2015 December 31. Stock Warrants (Exercise price - $.50/share) (see Note 5) 2,796,900 1,926,900 Stock Warrants (Exercise price - $3.00/share) (see Note 5) 188,750 0 Total common stock equivalents 2,985,650 1,926,900
Research and Development Expense, Policy [Policy Text Block]	Research and Development The Company expenses all research and development costs as incurred for which there is no alternative future use.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Transactions The consolidated financial statements are presented in United States Dollars. The Company has a bank account in foreign currency. The balance of this bank account was translated from its local currency (British Pounds) into the reporting currency, U.S. dollars, using period end exchange rates. The resulting translation adjustments were recorded as a separate component of accumulated other comprehensive loss. Revenues and expenses were translated using weighted average exchange rate for the period. Transaction gains and losses resulting from foreign currency transactions were recorded as foreign exchange gains or losses in the consolidated statement of operations. The Company did not enter into any financial instruments to offset the impact of foreign currency fluctuations.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes in accordance with accounting guidance now codified as FASB ASC Topic 740, “ Income Taxes Accounting guidance now codified as FASB ASC Topic 740-20, “Income Taxes – Intraperiod Tax Allocation,” At June 30, 2015 and December 31, 2014, the Company did not record any liabilities for uncertain tax positions.

SUMMARY OF SIGNIFICANT ACCOUN13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	The Company had the following potential common stock equivalents at June 30, 2015 and December 31, 2014: June 30, 2015 December 31. Stock Warrants (Exercise price - $.50/share) (see Note 5) 2,796,900 1,926,900 Stock Warrants (Exercise price - $3.00/share) (see Note 5) 188,750 0 Total common stock equivalents 2,985,650 1,926,900

RELATED PARTY TRANSACTIONS AN14

RELATED PARTY TRANSACTIONS AND COMMITMENT (Tables)	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Schedule of Short-term Debt [Table Text Block]	(A) Notes Payable Interest Rate Maturity Date June 30, 2015 December 31, 2014 (1) Note Payable - related party 10 % Due on Demand — 11,000 Total $ — $ 11,000 (1) During the year ended December 31, 2013, a board of director advanced $ 15,000 10

EQUITY (Tables)

EQUITY (Tables)	6 Months Ended
	Jun. 30, 2015
Class of Stock [Line Items]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]	The following is a summary of the Company’s warrant activity: Weighted Average Remaining Weighted Average Contractual Life Number of Warrants Exercise Price (in Years) Outstanding - December 31, 2014 1,926,900 0.50 3.7 Granted 870,000 0.50 4.6 Granted 188,750 3.00 4.9 Exercised Cancelled/Forfeited Outstanding - June 30, 2015 2,985,650 0.60 4.0 Exercisable - June 30, 2015 2,985,650 0.60 4.0 As of June 30, 2015: Weighted Average Exercise Warrants Warrants Remaining Aggregate Price Outstanding Exercisable Contractual Life Intrinsic Value $ 0.50 2,796,900 2,796,900 3.9 years $ 3.00 188,750 188,750 4.9 years 2,985,650 2,985,650 4.0 years
Direct Offering Cost [Member]
Class of Stock [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	As a result of the offering, the Company also issued 189,000 0.50 88,390 Exercise price $ 0.50 Expected dividends 0 % Expected volatility 157.54 % Risk free interest rate 1.18% - 1.50 % Expected life of warrants 5 years
Direct Offering Cost One [Member]
Class of Stock [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	As a result of the offering, the Company also issued 1,250 3.00 2,384 Exercise price $ 3.00 Expected dividends 0 % Expected volatility 184.20 % Risk free interest rate 1.69 % Expected life of warrants 5 years
Warrants Issued For Services [Member]
Class of Stock [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	During the period ended June 30, 2015, the Company issued 681,000 0.50 389,907 Exercise price $ 0.50 Expected dividends 0 % Expected volatility 157.54-184.20 % Risk free interest rate 1.29% - 1.69 % Expected life of warrants 5 years
Warrants Issued For Services One [Member]
Class of Stock [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	During the period ended June 30, 2015, the Company issued 175,000 3.00 333,790 Exercise price $ 3.00 Expected dividends 0 % Expected volatility 184.20 % Risk free interest rate 1.57% - 1.69 % Expected life of warrants 5 years

SUBSEQUENT EVENTS (Tables)

SUBSEQUENT EVENTS (Tables)	6 Months Ended
	Jun. 30, 2015
Warrant [Member]
Subsequent Event [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Exercise price $ 3.00 Expected dividends 0 % Expected volatility 184.20 % Risk free interest rate 1.52-1.68 % Expected life of warrants 5 years

ORGANIZATION, HISTORY AND NAT17

ORGANIZATION, HISTORY AND NATURE OF OPERATIONS (Details Textual)	6 Months Ended
	Jun. 30, 2015	Dec. 16, 2013
Organization Consolidation And Presentation of Financial Statement [Line Items]
Entity Incorporation, Date of Incorporation	Aug. 19, 1983
Entity Incorporation, State Country Name	Delaware
Zero Gravity Solutions, Ltd. [Member]
Organization Consolidation And Presentation of Financial Statement [Line Items]
Minority Interest Ownership Percentage By Parent		100.00%

SUMMARY OF SIGNIFICANT ACCOUN18

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Accounting Policies [Line Items]
Total common stock equivalents	2,985,650	1,926,900
Exercise Price 3.00 [Member]
Accounting Policies [Line Items]
Stock Warrants	188,750	0
Exercise Price 0.50 [Member]
Accounting Policies [Line Items]
Stock Warrants	2,796,900	1,926,900

SUMMARY OF SIGNIFICANT ACCOUN19

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Accounting Policies [Line Items]
Inventory, Raw Materials, Gross	$ 9,946
Inventory, Finished Goods, Gross	$ 15,447
Exercise Price 0.50 [Member]
Accounting Policies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price		$ 0.50
Exercise Price 3.00 [Member]
Accounting Policies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 3
Warrant [Member]
Accounting Policies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	0.60	0.50
Warrant [Member] | Exercise Price 0.50 [Member]
Accounting Policies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	0.50	0.50
Warrant [Member] | Exercise Price 3.00 [Member]
Accounting Policies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 3	$ 3

GOING CONCERN (Details Textual)

GOING CONCERN (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Going Concern [Line Items]
Retained Earnings (Accumulated Deficit)	$ (6,897,388)		$ (4,485,661)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	$ (1,311,941)	$ (866,139)

RELATED PARTY TRANSACTIONS AN21

RELATED PARTY TRANSACTIONS AND COMMITMENT (Details) - USD ($)		6 Months Ended
		Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage				10.00%
Notes Payable, Related Parties, Current		$ 0	$ 11,000	$ 15,000	[1]
Related Party, Note Payable One [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	[1]	10.00%
Debt Instrument, Maturity Date, Description	[1]	Due on Demand
Notes Payable, Related Parties, Current	[1]	$ 0	$ 11,000
[1]	During the year ended December 31, 2013, a board of director advanced $15,000 to the Company. The advance bears interest at 10%, was unsecured and due on demand. The outstanding note balance at June 30, 2015 was fully paid.

RELATED PARTY TRANSACTIONS AN22

RELATED PARTY TRANSACTIONS AND COMMITMENT (Details Textual) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2013		Dec. 31, 2014
Related Party Transaction [Line Items]
Royalty Term		75 years
Advance Royalties, Noncurrent	$ 102,370			$ 50,356
Royalty Revenue	82,965
Notes Payable, Related Parties, Current	$ 0	$ 15,000	[1]	$ 11,000
Debt Instrument, Interest Rate, Stated Percentage		10.00%
[1]	During the year ended December 31, 2013, a board of director advanced $15,000 to the Company. The advance bears interest at 10%, was unsecured and due on demand. The outstanding note balance at June 30, 2015 was fully paid.

EQUITY (Details)

EQUITY (Details) - Jun. 30, 2015 - $ / shares	Total
Direct Offering Cost [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Exercise price	$ 0.50
Expected dividends	0.00%
Expected volatility	157.54%
Risk free interest rate, Minimum	1.18%
Risk free interest rate, Maximum	1.50%
Expected life of warrants	5 years
Direct Offering Cost One [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Exercise price	$ 3
Expected dividends	0.00%
Expected volatility	184.20%
Risk free interest rate	1.69%
Risk free interest rate, Minimum	1.57%
Risk free interest rate, Maximum	1.69%
Expected life of warrants	5 years

EQUITY (Details 1)

EQUITY (Details 1) - Jun. 30, 2015 - Warrant [Member] - $ / shares	Total
Warrants Issued For Services [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Exercise price	$ 0.50
Expected dividends	0.00%
Expected volatility, Minimum	157.54%
Expected volatility, Maximum	184.20%
Risk free interest rate, Minimum	1.29%
Risk free interest rate, Maximum	1.69%
Expected life of warrants	5 years
Warrants Issued For Services One [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Exercise price	$ 3
Expected dividends	0.00%
Expected volatility	184.20%
Risk free interest rate, Minimum	1.57%
Risk free interest rate, Maximum	1.69%
Expected life of warrants	5 years

EQUITY (Details 2)

EQUITY (Details 2) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Warrants, Outstanding at Ending Period	2,985,650
Number of Warrants, Exercisable at Ending Period	2,985,650
Weighted Average Remaining Contractual Life, Outstanding at Ending Period (in years)	4 years
Exercise Price 0.50 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Warrants, Outstanding at Beginning Balance	2,796,900
Number of Warrants, Outstanding at Ending Period		2,796,900
Number of Warrants, Exercisable at Ending Period	2,796,900
Weighted Average Exercise Price, Outstanding at Beginning Balance	$ 0.50
Weighted Average Exercise Price, Outstanding at Ending Balance		$ 0.50
Weighted Average Remaining Contractual Life, Outstanding at Ending Period (in years)	3 years 10 months 24 days
Exercise Price 3.00 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Warrants, Outstanding at Beginning Balance	188,750
Number of Warrants, Outstanding at Ending Period		188,750
Number of Warrants, Exercisable at Ending Period	188,750
Weighted Average Exercise Price, Outstanding at Ending Balance	$ 3
Weighted Average Remaining Contractual Life, Outstanding at Ending Period (in years)	4 years 10 months 24 days
Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Warrants, Outstanding at Beginning Balance	1,926,900
Number of Warrants, Exercised	0
Number of Warrants, Cancelled/Forfeited	0
Number of Warrants, Outstanding at Ending Period	2,985,650	1,926,900
Number of Warrants, Exercisable at Ending Period	2,985,650
Weighted Average Exercise Price, Outstanding at Beginning Balance	$ 0.50
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Cancelled/Forfeited	0
Weighted Average Exercise Price, Outstanding at Ending Balance	0.60	$ 0.50
Weighted Average Exercise Price, Exercisable at Ending Balance	$ 0.60
Weighted Average Remaining Contractual Life, Outstanding at Ending Period (in years)	4 years	3 years 8 months 12 days
Weighted Average Remaining Contractual Life, Exercisable at Ending Period (in years)	4 years
Warrant [Member] | Exercise Price 0.50 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Warrants, Granted	870,000
Weighted Average Exercise Price, Outstanding at Beginning Balance	$ 0.50
Weighted Average Exercise Price, Granted	0.50
Weighted Average Exercise Price, Outstanding at Ending Balance	$ 0.50	$ 0.50
Weighted Average Remaining Contractual Life, Granted (in years)	4 years 7 months 6 days
Warrant [Member] | Exercise Price 3.00 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Warrants, Granted	188,750
Weighted Average Exercise Price, Outstanding at Beginning Balance	$ 3
Weighted Average Exercise Price, Granted	3
Weighted Average Exercise Price, Outstanding at Ending Balance	$ 3	$ 3
Weighted Average Remaining Contractual Life, Granted (in years)	4 years 10 months 24 days

EQUITY (Details Textual)

EQUITY (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Share Based Payment Award, Fair Value Assumption [Line Items]
Payments of Stock Issuance Costs	$ 95,500	$ 54,900
Prepaid Expense, Current, Total	$ 445,727		$ 213,781
Common Stock [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Share Price	$ 2
Share Price1	$ 0.50
Stock Issued During Period Shares New Issues1	2,507,000
Stock Issued During Period Value New Issues1	$ 1,253,500
Stock Issued During Period, Shares, New Issues	12,500
Stock Issued During Period, Value, New Issues	$ 25,000
Common Stock [Member] | Issued one [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Share Price	$ 0.50
Stock Issued During Period, Shares, New Issues	2,507,000
Stock Issued During Period, Value, New Issues	$ 1,253,500
Common Stock [Member] | Issued Two [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Share Price	$ 2
Stock Issued During Period, Shares, New Issues	12,500
Stock Issued During Period, Value, New Issues	$ 25,000
Common Stock [Member] | Third Party [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Prepaid Expense, Current, Total	$ 350,181
Common Stock [Member] | Third Party [Member] | Issued one [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Share Price	$ 0.50
Stock Issued During Period, Shares, Issued for Services	150,000
Stock Issued During Period, Value, Issued for Services	$ 75,000
Common Stock [Member] | Third Party [Member] | Issued Two [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Share Price	$ 2
Stock Issued During Period, Shares, Issued for Services	201,000
Stock Issued During Period, Value, Issued for Services	$ 402,000
Warrant [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Payments of Stock Issuance Costs	$ 95,500
Warrant [Member] | Direct Offering Cost [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	189,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 88,390
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.50
Warrant [Member] | Direct Offering Cost One [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	1,250
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 2,384
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 3
Warrant [Member] | Employees and Consultants1 [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	681,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 389,907
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.50
Warrant [Member] | Employees and Consultants2 [Member]
Share Based Payment Award, Fair Value Assumption [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	175,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 333,790
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 3

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Aug. 13, 2015 - Warrant [Member] - Subsequent Event [Member] - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price	$ 3
Expected dividends	0.00%
Expected volatility	184.20%
Risk free interest rate, Minimum	1.52%
Risk free interest rate, Maximum	1.68%
Expected life of warrants	5 years

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - Subsequent Event [Member] - USD ($)	Aug. 13, 2015	Jul. 17, 2015
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 245,007
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	18,450
Member of Board of Directors [Member]
Subsequent Event [Line Items]
Warrant Term		5 years
Warrants To Purchase Common Stock Shares		350,000
Debt Instrument, Face Amount		$ 500,000
Debt Instrument, Interest Rate During Period		8.50%
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		3
Debt Instrument, Maturity Date		Jul. 16, 2016
Private Placement [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues	110,000
Warrant [Member]
Subsequent Event [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	110,000