XML 59 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholders’ Deficiency (Details Narrative) - USD ($)
 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 24, 2015
Jul. 31, 2017
Mar. 27, 2014
Apr. 27, 2017
Jul. 31, 2017
Jul. 31, 2016
Apr. 30, 2017
Mar. 27, 2017
Feb. 28, 2017
Feb. 09, 2017
Jan. 18, 2017
Common stock issued   1,068,101     1,068,101 908,541         53,211
Acquisition in HDS                     51.00%
Shares of common stock, obligated to issue                     230,000
Common stock purchase warrants, exercise price                   $ 7.40  
Common stock payable   $ 2,168,951     $ 2,168,951          
Warrants, exercise price         $ 15.00            
Total Warrants Outstanding, Value         $ 50,000            
Warrants expired during period         65,896            
Common shares attributable to conversion of preferred stock   76                  
Accounts payable and accrued expenses   $ 9,865,484     $ 9,865,484 8,950,870          
Amortization of debt discount         $ 131,724            
Warrants           $ 383,877          
Current exercise price           $ 15          
Weighted average exercise price   $ 31.02     $ 31.02 $ 15          
Weighted average remaining life           2 years 1 month 6 days          
Estimated fair value of warrants           $ 2,048,846          
Series G Convertible Preferred Stock                      
Convertible preferred stock, shares authorized   1,000     1,000 1,000          
Convertible preferred stock, cumulative percentage of interest   9.00%     9.00% 9.00%          
Convertible preferred stock, par value (in dollars per share)   $ 1,000     $ 1,000 $ 1,000          
Convertible preferred stock, shares issued   0     0 500          
Convertible preferred stock shares issued value                
Common shares attributable to conversion of preferred stock         33,333            
Convertible preferred stock conversion price $ 15.00                    
Conversion of stock, amount converted         $ 150            
Common stock issued on conversion of preferred stock   43,333     43,333            
Issuance costs $ 25,000                    
Initial "Make-whole payments" $ 135,000                    
Accounts payable and accrued expenses   $ 0     $ 0 $ 135,000          
Series F Convertible Preferred Stock                      
Convertible preferred stock, shares authorized   4,150 4,150   4,150 4,150          
Convertible preferred stock, cumulative percentage of interest   9.00% 9.00%   9.00% 9.00%          
Convertible preferred stock, par value (in dollars per share)   $ 1,000 $ 1,000   $ 1,000 $ 1,000          
Convertible preferred stock, shares issued   0 2,075   0 120          
Convertible preferred stock shares issued value                
Common shares attributable to conversion of preferred stock         69,167            
Convertible preferred stock conversion price     $ 15.00                
Late fee per annum     18.00%                
Preferred stock outstanding 55,883   27,942                
Aggregate subscription amount, maximum     $ 2,075,000                
Conversion of stock, amount converted         $ 2,075            
Common stock issued on conversion of preferred stock   97,108     97,108            
Initial cash proceeds     2,020,000                
Issuance costs     55,000                
Initial "Make-whole payments"     $ 560,250                
Accounts payable and accrued expenses       $ 32,400          
Series I Convertible Preferred Stock                      
Convertible preferred stock, shares authorized   6,000     6,000 6,000   6,000      
Convertible preferred stock, cumulative percentage of interest   9.00%     9.00% 9.00%          
Convertible preferred stock, par value (in dollars per share)   $ 0.001     $ 0.001 $ 0.001   $ 1,000      
Convertible preferred stock, shares issued   790     790 0          
Convertible preferred stock shares issued value   $ 1     $ 1          
Convertible preferred stock, conversion terms        

The Series H and Series I Convertible Preferred Stock are convertible at the option of the holder at any time into shares of the Company’s common stock at an effective conversion price of $2.50 per share. An aggregate of 46,000,000 shares of the Company’s common stock would be issuable upon conversion of both the Series H and Series I Preferred Stock if all shares of such preferred stock contemplated by the securities purchase agreement are issued.

 

The Series I Preferred Stock have a special one-time voting rights that provide at the first meeting of the Corporation’s stockholders following the initial issuance of the Preferred Stock, and all adjournments of such meeting, the Preferred Stock shall be entitled to vote on (i) the election of individuals to serve as members of the Board of Directors, and (ii) any proposal to increase the authorized number of shares of Common Stock. The Preferred Stock, as a class, shall be entitled to cast a number of votes on such proposal equal to fifty percent (50%) of the total number of votes entitled to be cast at such meeting (determined as of the record date for such meeting) by all other outstanding shares of the Corporation’s capital stock. Each share of Preferred Stock shall be entitled to cast a number of votes equal to the aggregate number determined pursuant to the last sentence divided by one thousand (1,000).

 

            
Series H Convertible Preferred Stock                      
Convertible preferred stock, shares authorized   109,000     109,000 109,000   109,000      
Convertible preferred stock, cumulative percentage of interest   9.00%     9.00% 9.00%          
Convertible preferred stock, par value (in dollars per share)   $ 1,000     $ 1,000 $ 0.001   $ 1,000      
Convertible preferred stock, shares issued   3,000     3,000 0   3,000      
Convertible preferred stock shares issued value   $ 3     $ 3   $ 3,000,000      
Convertible preferred stock, conversion terms        

The Series H and Series I Convertible Preferred Stock are convertible at the option of the holder at any time into shares of the Company’s common stock at an effective conversion price of $2.50 per share. An aggregate of 46,000,000 shares of the Company’s common stock would be issuable upon conversion of both the Series H and Series I Preferred Stock if all shares of such preferred stock contemplated by the securities purchase agreement are issued.

            
Common shares attributable to conversion of preferred stock         1,200,000            
Salvo                      
Issue discount       $ 66,560              
Salvo | Series I Convertible Preferred Stock                      
Conversion of stock, amount converted       399              
Idebtedness retired       399,363              
Moscato                      
Issue discount       65,164              
Moscato | Series I Convertible Preferred Stock                      
Conversion of stock, amount converted       391              
Idebtedness retired       $ 390,984              
Shares Issued                      
Common stock issued   31,195     31,195            
Remain To Be Issued                      
Common stock issued   72,614     72,614            
Common stock payable   $ 1,071,851     $ 1,071,851            
Series G Convertible Preferred Stock                      
Common stock issued upon conversion of preferred stock             10,000   33,333    
Converted stock amount, payment to holder             $ 150   $ 350    
Common stock issued as "make-whole payments" on conversions of preferred stock             4,688   15,294    
Convertible preferred stock, shares authorized 1,000                    
Convertible preferred stock, cumulative percentage of interest 9.00%                    
Convertible preferred stock, par value (in dollars per share) $ 1,000                    
Convertible preferred stock, shares issued 500                    
Late fee per annum 18.00%                    
Preferred stock outstanding 138,333                    
Aggregate subscription amount, maximum $ 500,000                    
Initial cash proceeds $ 475,000                    
Series F Convertible Preferred Stock                      
Common stock issued upon conversion of preferred stock             8,000        
Converted stock amount, payment to holder             $ 120        
Common stock issued as "make-whole payments" on conversions of preferred stock             4,235        
Warrant                      
Common stock issued   103,809     103,809            
Warrants Outstanding   0     0            
Warrants exercised   3,333     3,333            
Warrants issued on cashless basis   314,649     314,649