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Notes Payable and Convertible Notes Payable (Details Narrative)
 3 Months Ended
Jun. 30, 2016
USD ($)
$ / shares
Convertible notes $ 201,759
Amount by which converted value exceeds principal 25,000
Notes Receivable $ 12,051
Regen  
Annual interest rate 10.00%
Convertible notes $ 100,000
Convertible notes issued by subsidiary $ 100,000
Convertible note issued by subsidiary, interest rate 8.00%
Convertible Note Terms

(a) For the period beginning on the Issue Date and ending 365 days subsequent to the Issue Date (“Year 1”) a 50% discount to the lowest Trading Price (as defined below) for the Common Stock during the ten (10) Trading Day (as defined below) period ending on the latest complete Trading Day prior to the Conversion Date or ten cents per share (whichever is greater).

 

(b) For the period beginning one day subsequent to the final day of Year One and ending 365 days subsequent to Year One (“Year 2”) a 35% discount to the lowest Trading Price (as defined below) for the Common Stock during the ten (10) Trading Day (as defined below) period ending on the latest complete Trading Day prior to the Conversion Date or ten cents per share (whichever is greater).

 

(c) For the period beginning one day subsequent to the final day of Year 2 and ending 365 days subsequent to Year 2 (“Year 3”) a 25% discount to the lowest Trading Price (as defined below) for the Common Stock during the ten (10) Trading Day (as defined below) period ending on the latest complete Trading Day prior to the Conversion Date or ten cents per share (whichever is greater).

 

(d) “Trading Price” means the closing bid price on the Over-the-Counter Bulletin Board, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Lender (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by Regen and the Lender. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. “Trading Volume” shall mean the number of shares traded on such Trading Day as reported by such Reporting Service. The Conversion Price shall be equitably adjusted for stock splits, stock dividends, rights offerings, combinations, recapitalization, reclassifications, extraordinary distributions and similar events by Regen relating to the Lender’s securities.

 

Regen shall have the right, exercisable on not less than five (5) Trading Days prior written notice to the Lender, to prepay the outstanding Note in part or in full, including outstanding principal and accrued interest.

 

Upon closing of a Transaction Event the Lender shall receive 0 .10% ( one tenth of one percent)of the consideration actually received by Regen from an unaffiliated third party as a result of the closing of a Transaction Event.

 

“Transaction Event” shall mean either of:

 

(a) The sale by Regen of Regen’s proprietary NR2F6 intellectual property to an unaffiliated third party

(b) The granting of a license by Regen to an unaffiliated third party granting that unaffiliated third party the right to develop and/or commercialize Regen’s proprietary NR2F6 intellectual property
Beneficial conversion feature $ 42,600
Unamortized discount on convertible notes $ 38,165
Regen (2)  
Annual interest rate 8.00%
Convertible notes $ 50,000
Convertible Note Terms

(a) For the period beginning on the Issue Date and ending 365 days subsequent to the Issue Date (“Year 1”) a 50% discount to the lowest Trading Price (as defined below) for the Common Stock during the ten (10) Trading Day (as defined below) period ending on the latest complete Trading Day prior to the Conversion Date or ten cents per share (whichever is greater).

 

(b) For the period beginning one day subsequent to the final day of Year One and ending 365 days subsequent to Year One (“Year 2”) a 35% discount to the lowest Trading Price (as defined below) for the Common Stock during the ten (10) Trading Day (as defined below) period ending on the latest complete Trading Day prior to the Conversion Date or ten cents per share (whichever is greater).

 

(c) For the period beginning one day subsequent to the final day of Year 2 and ending 365 days subsequent to Year 2 (“Year 3”) a 25% discount to the lowest Trading Price (as defined below) for the Common Stock during the ten (10) Trading Day (as defined below) period ending on the latest complete Trading Day prior to the Conversion Date or ten cents per share (whichever is greater).

 

(d) “Trading Price” means the closing bid price on the Over-the-Counter Bulletin Board, or applicable trading market (the “OTCQB”) as reported by a reliable reporting service (“Reporting Service”) designated by the Lender (i.e. Bloomberg) or, if the OTCQB is not the principal trading market for such security, the closing bid price of such security on the principal securities exchange or trading market where such security is listed or traded or, if no closing bid price of such security is available in any of the foregoing manners, the average of the closing bid prices of any market makers for such security that are listed in the “pink sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by Regen and the Lender. “Trading Day” shall mean any day on which the Common Stock is tradable for any period on the OTCQB, or on the principal securities exchange or other securities market on which the Common Stock is then being traded. “Trading Volume” shall mean the number of shares traded on such Trading Day as reported by such Reporting Service. The Conversion Price shall be equitably adjusted for stock splits, stock dividends, rights offerings, combinations, recapitalization, reclassifications, extraordinary distributions and similar events by Regen relating to the Lender’s securities.

 

Regen shall have the right, exercisable on not less than five (5) Trading Days prior written notice to the Lender, to prepay the outstanding Note in part or in full, including outstanding principal and accrued interest.

 

Upon closing of a Transaction Event the Lender shall receive 0 .10% ( one tenth of one percent)of the consideration actually received by Regen from an unaffiliated third party as a result of the closing of a Transaction Event.

 

“Transaction Event” shall mean either of:

 

(a) The sale by Regen of Regen’s proprietary NR2F6 intellectual property to an unaffiliated third party

 

(b) The granting of a license by Regen to an unaffiliated third party granting that unaffiliated third party the right to develop and/or commercialize Regen’s proprietary NR2F6 intellectual property
Beneficial conversion feature $ 9,900
Unamortized discount on convertible notes 9,132
Blackbriar Partners (Regen) (1)  
Notes Payable $ 7,097
Annual interest rate 10.00%
Maturity Date Apr. 08, 2017
Blackbriar Partners (Regen) (2)  
Notes Payable $ 3,000
Annual interest rate 10.00%
Maturity Date Apr. 08, 2017
Bio Technology Partners Business Trust (Company)  
Annual interest rate 10.00%
David R. Koos (Company)  
Annual interest rate 15.00%
Bostina Partners (Regen)  
Notes Payable $ 60,000
Annual interest rate 10.00%
Maturity Date Sep. 16, 2016
Bostina Partners (Regen) (2)  
Notes Payable $ 59,000
Annual interest rate 10.00%
Maturity Date Sep. 22, 2016
Bostina Partners (Regen) (3)  
Notes Payable $ 20,000
Annual interest rate 10.00%
Maturity Date Feb. 19, 2017
Bostina Partners (Regen) (4)  
Notes Payable $ 30,000
Annual interest rate 10.00%
Maturity Date Feb. 24, 2017
Bostina Partners (Regen) (5)  
Notes Payable $ 10,000
Annual interest rate 10.00%
Maturity Date Mar. 08, 2017
Bostina Partners (Regen) (6)  
Notes Payable $ 63,300
Annual interest rate 10.00%
Maturity Date May 10, 2017
Bostina Partners (Company)  
Notes Payable $ 40,000
Annual interest rate 10.00%
Maturity Date Sep. 02, 2016
Bostina Partners (Company) (2)  
Notes Payable $ 35,000
Annual interest rate 10.00%
Maturity Date Dec. 14, 2016
Bostina Partners (Company) (3)  
Notes Payable $ 13,000
Annual interest rate 10.00%
Maturity Date Jan. 28, 2017
Bostina Partners (Company) (4)  
Notes Payable $ 3,000
Annual interest rate 10.00%
Maturity Date Mar. 17, 2017
Blackbriar Partners (Company)  
Notes Payable $ 5,000
Annual interest rate 10.00%
Maturity Date Apr. 08, 2014
Star City Capital, LLC  
Convertible notes $ 121,058
Maturity Date Apr. 01, 2016
Convertible Note Terms

The Holder of the Note is entitled, at its option, at any time after 180 days after March 27, 2015 to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock (the "Common Stock") at a price ("Conversion Price") for each share of Common Stock equal to the greater of

 

(iii) fifty five percent (55%) (the "Discount'') of the lowest closing bid price for the Company's common stock during the five (5) trading days immediately preceding a conversion date, as reported by Bloomberg (the "Closing Bid Price") ("Initial Conversion Price") or

(iv) $0.0001.

 

Upon :

 

(i) a transfer of all or substantially all of the assets of the Company to any person in a single transaction or series of related transactions,

 

(ii) a reclassification, capital reorganization or other change or exchange of outstanding shares of the Common Stock, or

 

(iii) any consolidation or merger of the Company with or into another person or entity in which the Company is not the surviving entity (other than a merger which is effected solely to change the jurisdiction of incorporation of the Company and results in a reclassification, conversion or exchange of outstanding shares of Common Stock solely into shares of Common Stock)

 

then, in each case, Holder may convert the unpaid principal amount of this Note into shares of Common Stock immediately prior to such event at the Conversion Price.

 

other than as provided in (i), (ii) and(ii) above, the Holder shall not have the right to convert its debt into shares which, when added to such Holder’s other holdings in the Company stock, shall have caused such Holder to hold more than 9.99% of the Company’s outstanding common stock.
Beneficial conversion feature $ 300,000
Amount by which converted value exceeds principal $ 357,165
Scott Levine  
Annual interest rate 12.00%
Convertible notes $ 50,000
Conversion price | $ / shares $ 0.15
Maturity Date Nov. 14, 2009
Mike and Ofie Weiner (1)  
Annual interest rate 12.00%
Convertible notes $ 10,000
Conversion price | $ / shares $ .15
Maturity Date Mar. 03, 2010
Mike and Ofie Weiner (2)  
Annual interest rate 12.00%
Convertible notes $ 18,400
Conversion price | $ / shares $ .15
Maturity Date Nov. 26, 2009
Bio Technology Partners Business Trust  
Annual interest rate 12.00%
Convertible notes $ 2,301
Conversion price | $ / shares $ .15
Maturity Date Nov. 26, 2009