Convertible Debt (Details) - USD ($) | 12 Months Ended |
Sep. 30, 2015 | Sep. 30, 2014 |
Line of Credit Facility [Line Items] | | | | | |
Face Value | | $ 336,613 | | $ 1,285,750 | |
Accrued Interest | | 90,523 | | 36,874 | |
Discount | | 171,012 | | 684,015 | |
Deferred Debt Origination Costs Due at Maturity | | 85,000 | | 25,000 | [1] |
Net Convertible Note Payable | | 256,124 | | 663,609 | |
Note Derivative Liability | | $ 725,898 | | $ 1,016,044 | |
Implied interest rate | | 12.00% | | | |
Charge repaid duration | | 90 days | | | |
Number of share issued for convertible debt upon conversion (in shares) | | 20,633,744 | | 0 | |
Value of shares issued for convertible debt upon conversion | | $ 1,728,370 | | $ 0 | |
Decrease in derivative value due to conversion | | $ 2,474,418 | | 0 | |
Effective date from which note becomes convertible | | 180 days | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | $ 129,000 | | 109,000 | |
Deferred Debt Origination Costs Due at Maturity | | 85,000 | | 25,000 | [1] |
Legal and Other Debt Origination Costs | | 139,106 | | 98,050 | |
Initial Deferred Origination Costs | | 188,323 | | 232,050 | |
Amortization | | 247,669 | | 41,216 | |
Net Deferred Debt Origination Costs | | $ 61,710 | | $ 190,834 | |
Maximum [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Annual Interest Rate | | 22.00% | | | |
Minimum [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Annual Interest Rate | | 12.00% | | | |
JMJ Financial [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | | | Apr. 15, 2014 | |
Term | | | | 24 months | |
Annual Interest Rate | [2] | | | 5.83% | |
Face Value | | | | $ 100,000 | |
Accrued Interest | | | | 1,342 | |
Discount | | | | 95,379 | |
Deferred Debt Origination Costs Due at Maturity | [1] | | | 11,111 | |
Net Convertible Note Payable | | | | 17,074 | |
Note Derivative Liability | | | | 117,809 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | | | 10,000 | |
Deferred Debt Origination Costs Due at Maturity | [1] | | | 11,111 | |
Legal and Other Debt Origination Costs | | | | 0 | |
Initial Deferred Origination Costs | | | | 21,111 | |
Amortization | | | | 2,215 | |
Net Deferred Debt Origination Costs | | | | $ 18,896 | |
Date of Agreement | | Oct. 22, 2014 | | | |
Term of Conversion | | Conversion Price shall be lesser of $0.06 or 60% of lowest trade price in the 25 trading days previous to conversion. | | | |
Conversion price | | 60.00% | | | |
Conversion price (in dollars per share) | | $ 0.06 | | | |
Trading days | | 25 trading days prior to conversion | | | |
Calculation period | | 25 days | | | |
Eligible for Conversion | | 180 after the effective dates | | | |
Eligible period for conversion | | 180 days | | | |
KBM World wide [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | | | Apr. 24, 2014 | |
Term | | | | 9 months | |
Annual Interest Rate | | | | 8.00% | |
Face Value | | | | $ 103,500 | |
Accrued Interest | | | | 4,809 | |
Discount | | | | 0 | |
Deferred Debt Origination Costs Due at Maturity | [1] | | | 0 | |
Net Convertible Note Payable | | | | 108,309 | |
Note Derivative Liability | | | | 0 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | | | 10,000 | |
Deferred Debt Origination Costs Due at Maturity | [1] | | | 0 | |
Legal and Other Debt Origination Costs | | | | 3,500 | |
Initial Deferred Origination Costs | | | | 13,500 | |
Amortization | | | | 5,808 | |
Net Deferred Debt Origination Costs | | | | $ 7,692 | |
KBM Worldwide 1 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Apr. 24, 2014 | | Jun. 26, 2014 | |
Term | | | | 9 months | |
Annual Interest Rate | | | | 8.00% | |
Face Value | | | | $ 53,000 | |
Accrued Interest | | | | 1,487 | |
Discount | | | | 0 | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | 0 | [1] |
Net Convertible Note Payable | | | | 54,487 | |
Note Derivative Liability | | | | 0 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 10,000 | | 5,000 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 3,500 | | 3,000 | |
Initial Deferred Origination Costs | | 7,692 | | 8,000 | |
Additions | | 0 | | | |
Amortization | | 7,692 | | 1,753 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 6,247 | |
JSJ Investments [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | | | Apr. 29, 2014 | |
Term | | | | 6 months | |
Annual Interest Rate | | | | 12.00% | |
Face Value | | | | $ 100,000 | |
Accrued Interest | | | | 10,126 | |
Discount | | | | 0 | |
Deferred Debt Origination Costs Due at Maturity | [1] | | | 0 | |
Net Convertible Note Payable | | | | 109,792 | |
Note Derivative Liability | | | | 0 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | | | 10,000 | |
Deferred Debt Origination Costs Due at Maturity | [1] | | | 0 | |
Legal and Other Debt Origination Costs | | | | 0 | |
Initial Deferred Origination Costs | | | | 10,000 | |
Amortization | | | | 8,438 | |
Net Deferred Debt Origination Costs | | | | $ 1,562 | |
Adar Bay [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | May 20, 2014 | | May 20, 2014 | |
Term | | | | 12 months | |
Annual Interest Rate | | | | 8.00% | |
Face Value | | | | $ 52,500 | |
Accrued Interest | | | | 1,530 | |
Discount | | | | 48,234 | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | 0 | [1] |
Net Convertible Note Payable | | | | 5,796 | |
Note Derivative Liability | | | | 81,401 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 5,000 | | 5,000 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 2,500 | | 2,500 | |
Initial Deferred Origination Costs | | 4,900 | | 7,500 | |
Additions | | 0 | | | |
Amortization | | 4,900 | | 2,600 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 4,900 | |
Date of Agreement | | Feb. 19, 2015 | | | |
Term of Conversion | | Conversion price shall equal be 50% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. | | | |
Conversion price | | 50.00% | | | |
Trading days | | 20 trading days prior to conversion | | | |
Calculation period | | 20 days | | | |
Eligible for Conversion | | 180 after the effective dates | | | |
Eligible period for conversion | | 180 days | | | |
LG Capital [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | May 20, 2014 | | May 20, 2014 | |
Term | | | | 12 months | |
Annual Interest Rate | | | | 8.00% | |
Face Value | | | | $ 52,500 | |
Accrued Interest | | | | 1,530 | |
Discount | | | | 48,234 | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | 0 | [1] |
Net Convertible Note Payable | | | | 5,796 | |
Note Derivative Liability | | | | 68,626 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 5,000 | | 5,000 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 2,500 | | 2,500 | |
Initial Deferred Origination Costs | | 4,900 | | 7,500 | |
Additions | | 0 | | | |
Amortization | | 4,900 | | 2,600 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 4,900 | |
Redwood Fund III [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | May 15, 2014 | | May 15, 2014 | |
Term | | 6 months | | 6 months | |
Annual Interest Rate | | 12.00% | | 7.85% | [3] |
Face Value | | $ 40,000 | | $ 100,000 | |
Accrued Interest | | 5,918 | | 5,934 | |
Discount | | 15,867 | | 0 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | [1] |
Net Convertible Note Payable | | 30,051 | | 105,934 | |
Note Derivative Liability | | 114,005 | | 0 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 10,000 | | 10,000 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 0 | | 0 | |
Initial Deferred Origination Costs | | 2,438 | | 10,000 | |
Additions | | 0 | | | |
Amortization | | 2,438 | | 7,562 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 2,438 | |
Date of Agreement | | May 15, 2014 | | | |
Term of Conversion | | Conversion Price shall be 55% of the lowest traded price, determined on the then current trading market for the Company’s common stock, for 20 trading days prior to conversion. | | | |
Conversion price | | 55.00% | | | |
Trading days | | 20 trading days prior to conversion | | | |
Calculation period | | 20 days | | | |
Eligible for Conversion | | 180 after the effective dates | | | |
Eligible period for conversion | | 180 days | | | |
Vista Capital Investments [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | | | Jun. 16, 2014 | |
Term | | | | 24 months | |
Annual Interest Rate | [3] | | | 5.83% | |
Face Value | | | | $ 50,000 | |
Accrued Interest | | | | 423 | |
Discount | | | | 43,441 | |
Deferred Debt Origination Costs Due at Maturity | [1] | | | 5,556 | |
Net Convertible Note Payable | | | | 12,538 | |
Note Derivative Liability | | | | 60,785 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | | | 5,000 | |
Deferred Debt Origination Costs Due at Maturity | [1] | | | 5,556 | |
Legal and Other Debt Origination Costs | | | | 0 | |
Initial Deferred Origination Costs | | | | 10,556 | |
Amortization | | | | 696 | |
Net Deferred Debt Origination Costs | | | | 9,860 | |
JMJ Financial 2 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Sep. 3, 2014 | | | |
Deferred Debt Origination Costs Due at Maturity | | $ 5,556 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 5,000 | | | |
Deferred Debt Origination Costs Due at Maturity | | 5,556 | | | |
Legal and Other Debt Origination Costs | | 0 | | | |
Initial Deferred Origination Costs | | 10,556 | | | |
Additions | | 0 | | | |
Amortization | | 10,556 | | | |
Net Deferred Debt Origination Costs | | $ 0 | | | |
JMJ Financial 3 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Oct. 22, 2014 | | | |
Term | | 24 months | | | |
Annual Interest Rate | | 5.83% | | | |
Face Value | | $ 8,900 | | | |
Accrued Interest | | 5,556 | | | |
Discount | | 11,582 | | | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | | |
Net Convertible Note Payable | | 2,874 | | | |
Note Derivative Liability | | 27,375 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 5,000 | | | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | | |
Legal and Other Debt Origination Costs | | 5,556 | | | |
Initial Deferred Origination Costs | | 0 | | | |
Additions | | 10,556 | | | |
Amortization | | 5,556 | | | |
Net Deferred Debt Origination Costs | | $ 5,000 | | | |
LG Capital 2 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Oct. 23, 2014 | | | |
Term | | 12 months | | | |
Annual Interest Rate | | 8.00% | | | |
Face Value | | $ 23,533 | | | |
Accrued Interest | | 2,500 | | | |
Discount | | 9,398 | | | |
Deferred Debt Origination Costs Due at Maturity | | 2,500 | | | |
Net Convertible Note Payable | | 16,635 | | | |
Note Derivative Liability | | 52,628 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 5,000 | | | |
Deferred Debt Origination Costs Due at Maturity | | 2,500 | | | |
Legal and Other Debt Origination Costs | | 2,500 | | | |
Initial Deferred Origination Costs | | 0 | | | |
Additions | | 10,000 | | | |
Amortization | | 9,494 | | | |
Net Deferred Debt Origination Costs | | $ 506 | | | |
Date of Agreement | | Oct. 23, 2014 | | | |
Term of Conversion | | Conversion price shall be 50% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. | | | |
Conversion price | | 50.00% | | | |
Trading days | | 20 trading days prior to conversion | | | |
Calculation period | | 20 days | | | |
Eligible for Conversion | | 180 after the effective dates | | | |
Eligible period for conversion | | 180 days | | | |
Cardinal Capital Group [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Nov. 6, 2014 | | | |
Term | | 24 months | | | |
Annual Interest Rate | [4] | 22.00% | | | |
Face Value | | $ 43,998 | | | |
Accrued Interest | | 30,133 | | | |
Discount | | 41,984 | | | |
Deferred Debt Origination Costs Due at Maturity | | 8,500 | | | |
Net Convertible Note Payable | | 32,147 | | | |
Note Derivative Liability | | 94,158 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 0 | | | |
Deferred Debt Origination Costs Due at Maturity | | 8,500 | | | |
Legal and Other Debt Origination Costs | | 6,500 | | | |
Initial Deferred Origination Costs | | 0 | | | |
Additions | | 15,000 | | | |
Amortization | | 5,667 | | | |
Net Deferred Debt Origination Costs | | $ 9,333 | | | |
Date of Agreement | | Nov. 6, 2014 | | | |
Term of Conversion | | Conversion price shall equal the lesser of (a) $0.05 or (b) 60% of the lowest trade occurring during the twenty five (25) consecutive Trading Days immediately preceding the applicable Conversion Date on which the Holder elects to convert all or part of this Note, subject to adjustment as provided in this Note. | | | |
Conversion price | | 60.00% | | | |
Conversion price (in dollars per share) | | $ 0.05 | | | |
Trading days | | 25 trading days prior to conversion | | | |
Calculation period | | 25 days | | | |
Eligible for Conversion | | 180 after the effective dates | | | |
Eligible period for conversion | | 180 days | | | |
Rock Capital [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Feb. 6, 2015 | | | |
Term | | 12 months | | | |
Annual Interest Rate | | 10.00% | | | |
Face Value | | $ 23,005 | | | |
Accrued Interest | | 0 | | | |
Discount | | 20,351 | | | |
Deferred Debt Origination Costs Due at Maturity | | 1,000 | | | |
Net Convertible Note Payable | | 2,654 | | | |
Note Derivative Liability | | 67,377 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 0 | | | |
Deferred Debt Origination Costs Due at Maturity | | 1,000 | | | |
Legal and Other Debt Origination Costs | | 4,500 | | | |
Initial Deferred Origination Costs | | 0 | | | |
Additions | | 5,500 | | | |
Amortization | | 189 | | | |
Net Deferred Debt Origination Costs | | $ 5,311 | | | |
Date of Agreement | | Feb. 6, 2015 | | | |
Term of Conversion | | Conversion price shall equal be 55% of the lowest closing bid price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of Conversion is delivered by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to include the same day closing price). | | | |
Conversion price | | 55.00% | | | |
Trading days | | 20 trading days prior to conversion | | | |
Calculation period | | 20 days | | | |
Eligible for Conversion | | 180 after the effective dates | | | |
Eligible period for conversion | | 180 days | | | |
Union Capital 3 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Feb. 17, 2015 | | | |
Term | | 12 months | | | |
Annual Interest Rate | | 8.00% | | | |
Face Value | | $ 34,500 | | | |
Accrued Interest | | 0 | | | |
Discount | | 0 | | | |
Deferred Debt Origination Costs Due at Maturity | | 1,500 | | | |
Net Convertible Note Payable | | 34,500 | | | |
Note Derivative Liability | | 93,039 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 0 | | | |
Deferred Debt Origination Costs Due at Maturity | | 1,500 | | | |
Legal and Other Debt Origination Costs | | 4,500 | | | |
Initial Deferred Origination Costs | | 0 | | | |
Additions | | 6,000 | | | |
Amortization | | 4,500 | | | |
Net Deferred Debt Origination Costs | | $ 1,500 | | | |
Adar Bay 2 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Feb. 19, 2015 | | | |
Term | | 12 months | | | |
Annual Interest Rate | | 8.00% | | | |
Face Value | | $ 12,000 | | | |
Accrued Interest | | 0 | | | |
Discount | | 11,742 | | | |
Deferred Debt Origination Costs Due at Maturity | | 3,500 | | | |
Net Convertible Note Payable | | 258 | | | |
Note Derivative Liability | | 39,280 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 0 | | | |
Deferred Debt Origination Costs Due at Maturity | | 3,500 | | | |
Legal and Other Debt Origination Costs | | 0 | | | |
Initial Deferred Origination Costs | | 0 | | | |
Additions | | 3,500 | | | |
Amortization | | 0 | | | |
Net Deferred Debt Origination Costs | | $ 3,500 | | | |
LG Capital 3 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Mar. 10, 2015 | | | |
Term | | 12 months | | | |
Annual Interest Rate | | 8.00% | | | |
Face Value | | $ 52,500 | | | |
Accrued Interest | | 0 | | | |
Discount | | 43,388 | | | |
Deferred Debt Origination Costs Due at Maturity | | 4,000 | | | |
Net Convertible Note Payable | | 9,112 | | | |
Note Derivative Liability | | 109,470 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 0 | | | |
Deferred Debt Origination Costs Due at Maturity | | 4,000 | | | |
Legal and Other Debt Origination Costs | | 7,500 | | | |
Initial Deferred Origination Costs | | 0 | | | |
Additions | | 11,500 | | | |
Amortization | | 8,878 | | | |
Net Deferred Debt Origination Costs | | $ 2,622 | | | |
Date of Agreement | | Mar. 10, 2015 | | | |
Term of Conversion | | Conversion price shall equal be 60% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future, for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company. | | | |
Conversion price | | 60.00% | | | |
Trading days | | 20 trading days prior to conversion | | | |
Calculation period | | 20 days | | | |
Eligible for Conversion | | 180 after the effective dates | | | |
Eligible period for conversion | | 180 days | | | |
KBM World Wide 7 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Jan. 12, 2015 | | | |
Deferred Debt Origination Costs Due at Maturity | | $ 4,500 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 0 | | | |
Deferred Debt Origination Costs Due at Maturity | | 4,500 | | | |
Legal and Other Debt Origination Costs | | 0 | | | |
Initial Deferred Origination Costs | | 0 | | | |
Additions | | 4,500 | | | |
Amortization | | 0 | | | |
Net Deferred Debt Origination Costs | | 4,500 | | | |
Various [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 0 | | 0 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | |
Legal and Other Debt Origination Costs | | 52,500 | | 33,800 | |
Initial Deferred Origination Costs | | 25,596 | | 33,800 | |
Additions | | 18,700 | | | |
Amortization | | 29,956 | | 5,693 | |
Net Deferred Debt Origination Costs | | $ 14,340 | | $ 28,107 | |
Tonaquint, Inc [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Oct. 7, 2014 | | Jul. 10, 2014 | |
Term | | 12 months | | 12 months | |
Annual Interest Rate | | 22.00% | [4] | 12.00% | |
Face Value | | $ 98,177 | | $ 115,000 | |
Accrued Interest | | 46,416 | | 3,100 | |
Discount | | 16,700 | | 104,979 | |
Deferred Debt Origination Costs Due at Maturity | [1] | | | 0 | |
Net Convertible Note Payable | | 127,893 | | 13,121 | |
Note Derivative Liability | | $ 128,566 | | 152,002 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | | | 10,000 | |
Deferred Debt Origination Costs Due at Maturity | [1] | | | 0 | |
Legal and Other Debt Origination Costs | | | | 15,000 | |
Initial Deferred Origination Costs | | | | 25,000 | |
Amortization | | | | 1,102 | |
Net Deferred Debt Origination Costs | | | | $ 23,898 | |
Date of Agreement | | Oct. 7, 2014 | | | |
Term of Conversion | | Conversion price shall be 65% (the “Conversion Factor”) of the lowest intra-day trade price of Borrower’s common stock (“Common Stock”) in the twenty-five (25) Trading Days immediately preceding the Conversion . | | | |
Conversion price | | 65.00% | | | |
Trading days | | 25 trading days prior to conversion | | | |
Calculation period | | 25 days | | | |
Eligible for Conversion | | 180 after the effective dates | | | |
Eligible period for conversion | | 180 days | | | |
Tonaquint Inc 1 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Jul. 10, 2014 | | | |
Deferred Debt Origination Costs Due at Maturity | | $ 10,000 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 10,000 | | | |
Deferred Debt Origination Costs Due at Maturity | | 10,000 | | | |
Legal and Other Debt Origination Costs | | 5,000 | | | |
Initial Deferred Origination Costs | | 23,898 | | | |
Additions | | 0 | | | |
Amortization | | 23,898 | | | |
Net Deferred Debt Origination Costs | | $ 0 | | | |
Tonaquint, Inc 2 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Oct. 7, 2014 | | | |
Deferred Debt Origination Costs Due at Maturity | | $ 5,000 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 10,000 | | | |
Deferred Debt Origination Costs Due at Maturity | | 5,000 | | | |
Legal and Other Debt Origination Costs | | 15,000 | | | |
Initial Deferred Origination Costs | | 0 | | | |
Additions | | 30,000 | | | |
Amortization | | 14,902 | | | |
Net Deferred Debt Origination Costs | | $ 15,098 | | | |
Union Capital [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Jul. 16, 2014 | | Jul. 16, 2014 | |
Term | | | | 12 months | |
Annual Interest Rate | | | | 8.00% | |
Face Value | | | | $ 30,000 | |
Accrued Interest | | | | 533 | |
Discount | | | | 0 | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | 0 | [1] |
Net Convertible Note Payable | | | | 30,533 | |
Note Derivative Liability | | | | 0 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 0 | | 0 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 4,500 | | 4,500 | |
Initial Deferred Origination Costs | | 4,500 | | 4,500 | |
Additions | | 0 | | | |
Amortization | | 4,500 | | 0 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 4,500 | |
Date of Agreement | | Feb. 17, 2015 | | | |
Term of Conversion | | Conversion price shall equal be 55% of the lowest closing bid price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the twenty prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice of Conversion is delivered by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to include the same day closing price). | | | |
Conversion price | | 55.00% | | | |
Trading days | | 20 trading days prior to conversion | | | |
Calculation period | | 20 days | | | |
Eligible for Conversion | | 180 after the effective dates | | | |
Eligible period for conversion | | 180 days | | | |
Iconic Holdings, LLC [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Jul. 16, 2014 | | Jul. 16, 2014 | |
Term | | | | 12 months | |
Annual Interest Rate | | | | 10.00% | |
Face Value | | | | $ 75,000 | |
Accrued Interest | | | | 1,562 | |
Discount | | | | 69,626 | |
Deferred Debt Origination Costs Due at Maturity | | $ 7,500 | | 0 | [1] |
Net Convertible Note Payable | | | | 6,936 | |
Note Derivative Liability | | | | 67,480 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 6,750 | | 6,750 | |
Deferred Debt Origination Costs Due at Maturity | | 7,500 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 0 | | 7,500 | |
Initial Deferred Origination Costs | | 14,250 | | 14,250 | |
Additions | | 0 | | | |
Amortization | | 14,250 | | 0 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 14,250 | |
Auctus Private [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Jul. 29, 2014 | | Jul. 29, 2014 | |
Term | | | | 9 months | |
Annual Interest Rate | | | | 8.00% | |
Face Value | | | | $ 58,750 | |
Accrued Interest | | | | 1,082 | |
Discount | | | | 0 | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | 0 | [1] |
Net Convertible Note Payable | | | | 59,832 | |
Note Derivative Liability | | | | 0 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 5,250 | | 5,250 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 6,250 | | 6,250 | |
Initial Deferred Origination Costs | | 10,292 | | 11,500 | |
Additions | | 0 | | | |
Amortization | | 10,292 | | 1,208 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 10,292 | |
KBM World wide 2 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Jun. 26, 2014 | | Aug. 11, 2014 | |
Term | | | | 9 months | |
Annual Interest Rate | | | | 8.00% | |
Face Value | | | | $ 53,000 | |
Accrued Interest | | | | 712 | |
Discount | | | | 0 | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | 0 | [1] |
Net Convertible Note Payable | | | | 53,712 | |
Note Derivative Liability | | | | 0 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 5,000 | | 5,000 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 3,000 | | 3,000 | |
Initial Deferred Origination Costs | | 6,247 | | 8,000 | |
Additions | | 0 | | | |
Amortization | | 6,247 | | 840 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 7,160 | |
Vista Capital Investments 1 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Jun. 16, 2014 | | Aug. 26, 2014 | |
Term | | | | 24 months | |
Annual Interest Rate | [3] | | | 5.83% | |
Face Value | | | | $ 25,000 | |
Accrued Interest | | | | 70 | |
Discount | | | | 24,766 | |
Deferred Debt Origination Costs Due at Maturity | | $ 5,556 | | 2,777 | [1] |
Net Convertible Note Payable | | | | 3,081 | |
Note Derivative Liability | | | | 28,000 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 5,000 | | 2,500 | |
Deferred Debt Origination Costs Due at Maturity | | 5,556 | | 2,777 | [1] |
Legal and Other Debt Origination Costs | | 0 | | 0 | |
Initial Deferred Origination Costs | | 9,860 | | 5,277 | |
Additions | | 0 | | | |
Amortization | | 9,860 | | 0 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 5,277 | |
Vista Capital Investments 2 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Aug. 26, 2014 | | | |
Deferred Debt Origination Costs Due at Maturity | | $ 2,777 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 2,500 | | | |
Deferred Debt Origination Costs Due at Maturity | | 2,777 | | | |
Legal and Other Debt Origination Costs | | 0 | | | |
Initial Deferred Origination Costs | | 5,277 | | | |
Additions | | 0 | | | |
Amortization | | 5,277 | | | |
Net Deferred Debt Origination Costs | | $ 0 | | | |
Vista Capital Investments 3 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Mar. 2, 2015 | | | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 0 | | | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | | |
Legal and Other Debt Origination Costs | | 5,800 | | | |
Initial Deferred Origination Costs | | 0 | | | |
Additions | | 5,800 | | | |
Amortization | | 5,800 | | | |
Net Deferred Debt Origination Costs | | $ 0 | | | |
KBM World wide 3 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Aug. 11, 2014 | | Sep. 2, 2014 | |
Term | | | | 9 months | |
Annual Interest Rate | | | | 8.00% | |
Face Value | | | | $ 47,500 | |
Accrued Interest | | | | 389 | |
Discount | | | | 0 | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | 0 | [1] |
Net Convertible Note Payable | | | | 47,889 | |
Note Derivative Liability | | | | 0 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 5,000 | | 4,500 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 3,000 | | 2,500 | |
Initial Deferred Origination Costs | | 7,160 | | 7,000 | |
Additions | | 0 | | | |
Amortization | | 7,160 | | 460 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 6,540 | |
KBM World wide 4 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Sep. 2, 2014 | | | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 4,500 | | | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | | |
Legal and Other Debt Origination Costs | | 2,500 | | | |
Initial Deferred Origination Costs | | 6,540 | | | |
Additions | | 0 | | | |
Amortization | | 6,540 | | | |
Net Deferred Debt Origination Costs | | $ 0 | | | |
JMJ Financial 1 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Apr. 15, 2014 | | Sep. 3, 2014 | |
Term | | | | 24 months | |
Annual Interest Rate | [2] | | | 5.83% | |
Face Value | | | | $ 50,000 | |
Accrued Interest | | | | 108 | |
Discount | | | | 47,948 | |
Deferred Debt Origination Costs Due at Maturity | | $ 11,111 | | 5,556 | [1] |
Net Convertible Note Payable | | | | 7,716 | |
Note Derivative Liability | | | | 58,046 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 10,000 | | 5,000 | |
Deferred Debt Origination Costs Due at Maturity | | 11,111 | | 5,556 | [1] |
Legal and Other Debt Origination Costs | | 0 | | 0 | |
Initial Deferred Origination Costs | | 18,896 | | 10,556 | |
Additions | | 0 | | | |
Amortization | | 18,896 | | 0 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 10,556 | |
JSJ Investments 1 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Apr. 29, 2014 | | Sep. 8, 2014 | |
Term | | | | 6 months | |
Annual Interest Rate | | | | 12.00% | |
Face Value | | | | $ 100,000 | |
Accrued Interest | | | | 1,447 | |
Discount | | | | 87,602 | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | 0 | [1] |
Net Convertible Note Payable | | | | 13,845 | |
Note Derivative Liability | | | | 217,078 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 10,000 | | 10,000 | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 0 | | 2,000 | |
Initial Deferred Origination Costs | | 1,562 | | 12,000 | |
Additions | | 0 | | | |
Amortization | | 1,562 | | 241 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 11,759 | |
JSJ Investments 2 [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Sep. 8, 2014 | | | |
Deferred Debt Origination Costs Due at Maturity | | $ 0 | | | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 10,000 | | | |
Deferred Debt Origination Costs Due at Maturity | | 0 | | | |
Legal and Other Debt Origination Costs | | 2,000 | | | |
Initial Deferred Origination Costs | | 11,759 | | | |
Additions | | 0 | | | |
Amortization | | 11,759 | | | |
Net Deferred Debt Origination Costs | | $ 0 | | | |
Macallan Partners, LLC [Member] | | | | | |
Line of Credit Facility [Line Items] | | | | | |
Date of Agreement | | Sep. 9, 2014 | | Sep. 9, 2014 | |
Term | | | | 12 months | |
Annual Interest Rate | | | | 10.00% | |
Face Value | | | | $ 120,000 | |
Accrued Interest | | | | 690 | |
Discount | | | | 113,806 | |
Deferred Debt Origination Costs Due at Maturity | | $ 12,000 | | 0 | [1] |
Net Convertible Note Payable | | | | 7,218 | |
Note Derivative Liability | | | | 164,817 | |
Deferred origination costs related to the convertible notes [Abstract] | | | | | |
Transaction Costs | | 0 | | 0 | |
Deferred Debt Origination Costs Due at Maturity | | 12,000 | | 0 | [1] |
Legal and Other Debt Origination Costs | | 0 | | 12,000 | |
Initial Deferred Origination Costs | | 12,000 | | 12,000 | |
Additions | | 0 | | | |
Amortization | | 12,000 | | 0 | |
Net Deferred Debt Origination Costs | | $ 0 | | $ 12,000 | |
| |
[1] | Original Issue Discount due at maturity of the note | |
[2] | Implied interest rate. The note is subject to a one time 12% interest charge unless repaid within 90 days | |
[3] | Implied interest rate. The note is subject to a one time 12% interest charge regardless of how long it has been outstanding | |
[4] | During the year ended September 30, 2015, the note was defaulted due to insufficient authorized common share to fulfill conversion request, additional interest accrual recorded due to interest rate increased to 22% from 12% related to the default. | |