RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2016

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 9 – RELATED PARTY TRANSACTIONS

Convertible Notes Payable

As of March 31, 2016, the Company has outstanding convertible notes payable to a member of the Company’s Board of Directors. Total amounts due the Board Member included in convertible notes payable amounted to $150,000 at March 31, 2016. See Note 7.

Fin Holdings Acquisition

As discussed in Note 2, on February 8, 2016, the Company closed on the acquisition of FIN Holdings Inc. ("FIN"), a related party as a result of common management and partial common ownership, and its wholly owned subsidiaries, ID Solutions Inc. a Delaware Corporation specializing in field proven, cutting-edge biometric fingerprint software technology and algorithms, as well as Cards Plus Pty Ltd, a South African company which provides unique secure credential products and solutions to government customers in Africa.

Other

In connection with the Company’s ability to secure third-party financing, the Company issued Network 1 Financial Securities, Inc. (“Network 1”), a registered broker-dealer, 190,000 shares of common stock of the Company in accordance with its agreement in the first quarter of 2016. A member of the Company’s Board of Directors previously maintained a partnership with a key principal of Network 1. In addition to the fee paid, the agreement calls for Network 1 to receive an 8% commission of the total amount of proceeds from any financing it secures for the Company.