XML 73 R62.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUBSEQUENT EVENTS (Details Narrative)
1 Months Ended 3 Months Ended 6 Months Ended
Mar. 22, 2017
USD ($)
shares
Jan. 31, 2017
USD ($)
$ / shares
shares
Dec. 30, 2016
USD ($)
Kiosks
Aug. 10, 2016
USD ($)
$ / shares
shares
Dec. 27, 2016
USD ($)
shares
Aug. 26, 2016
USD ($)
shares
Jan. 31, 2016
USD ($)
$ / shares
shares
Sep. 30, 2015
Jun. 30, 2016
USD ($)
$ / shares
shares
Jun. 30, 2016
USD ($)
$ / shares
shares
Dec. 31, 2015
$ / shares
Number of option granted                   3,000,000  
Exercise price option (in dollars per share) | $ / shares                   $ 0.34  
Expiration term                   5 years  
Amount of debt converted | $                   $ 21,222  
Number of shares issued on conversion                   704,074  
Common stock, par value (in dollars per share) | $ / shares                 $ 0.0001 $ 0.0001 $ 0.0001
12% Note Due January 2017 [Member]                      
Debt face amount | $             $ 100,000        
Description of collateral            

assets of the Company

       
Conversion price (in dollars per share) | $ / shares             $ 0.48        
Warrant [Member]                      
Exercise price (in dollars per share) | $ / shares                 $ 0.58 $ 0.58  
Warrant [Member] | 12% Note Due January 2017 [Member]                      
Exercise price (in dollars per share) | $ / shares             $ 0.48        
Number of common shares purchased             208,332   6,408,332 6,408,332  
Securities Purchase Agreements [Member] | Network 1 Financial Securities, Inc. [Member]                      
Cash fee | $                   $ 124,000  
Cash Collection Services (the "Contract") [Member] | Recaudo Bogota S.A.S. [Member]                      
Revenues | $                 $ 13,000 $ 13,000  
Contract term               10 years      
Subsequent Event [Member]                      
Expiration term       10 years              
Amount of debt converted | $   $ 84,800,000                  
Number of shares issued on conversion   6,300,000                  
Conversion price (in dollars per share) | $ / shares   $ 0.10                  
Common stock, par value (in dollars per share) | $ / shares   $ 0.0001                  
Subsequent Event [Member] | Equity Compensation Plan [Member]                      
Exercise price (in dollars per share) | $ / shares       $ 0.05              
Number of option granted       17,000,000              
Amendment number of common shares granted       50,800,000              
Description Vesting period      

The Plan Options contain vesting periods of 12 quarters commencing on October 1, 2016 as well as various vesting milestones. The Plan Options are exercisable for a period of ten years. Further, the Company amended existing stock options to acquire 50,800,000 shares of common stock under its Equity Compensation Plan to extend the term from five years to 10 years.

             
Subsequent Event [Member] | Warrant [Member]                      
Number of common shares purchased   11,700,000                  
Subsequent Event [Member] | Mr. Philip D. Beck [Member]                      
Number of option granted   15,000,000                  
Exercise price option (in dollars per share) | $ / shares   $ 0.10                  
Expiration term   10 years                  
Subsequent Event [Member] | Mr. Stuart P. Stoller [Member]                      
Number of option granted   5,000,000                  
Exercise price option (in dollars per share) | $ / shares   $ 0.10                  
Expiration term   10 years                  
Subsequent Event [Member] | Subscription Agreements [Member] | Several Accredited Investors (the "April 2016 Accredited Investors") [Member]                      
Number of shares issued           25,000,000          
Number of shares issued, value | $           $ 1,250,000          
Subsequent Event [Member] | Subscription Agreements [Member] | Network 1 Financial Securities, Inc. [Member]                      
Cancellation of common stock       10,000,000              
Cash fee | $ $ 240,000     $ 100,000              
Number of shares issued 1,000,000     2,000,000              
Subsequent Event [Member] | Subscription Agreements [Member] | Accredited Investor [Member]                      
Debt face amount | $ $ 830,000                    
Subsequent Event [Member] | Subscription Agreements [Member] | Several Accredited Investors (the "March 2017 Accredited Investors") [Member]                      
Number of shares issued 20,000,000                    
Number of shares issued, value | $ $ 4,000,000                    
Proceeds from issuance of shares | $ $ 3,170,000                    
Subsequent Event [Member] | Amended Agreement [Member]                      
Exercise price (in dollars per share) | $ / shares       $ 0.05              
Subsequent Event [Member] | Amended Agreement [Member] | Parity Labs LLC [Member]                      
Number of shares issued       20,000,000              
Exercise price (in dollars per share) | $ / shares       $ 0.05              
Number of shares option vest       10,000,000              
Vesting term       10 years              
Description Vesting period      

12 equal tranches of 833,333 shares per month commencing on September 1, 2016.

             
Subsequent Event [Member] | Securities Purchase Agreements [Member] | Several Accredited Investors (the "December 2016 Accredited Investors") [Member] | 12% Note Due January 2017 [Member]                      
Number of shares issued         1,912,500            
Debt face amount | $         $ 1,275,000            
Description of interest rate terms        

Interest of 10% per annum for the initial six months of the term of the Notes and 15% per annum for the remaining six months of the term of the Notes.

           
Subsequent Event [Member] | Cash Collection Services (the "Contract") [Member] | ID Global LATAM S.A.S [Member] | Recaudo Bogota S.A.S. [Member]                      
Revenues | $     $ 30,000,000                
Number of payments | Kiosks     740                
Contract term     10 years                
Amount of performance bond | $     $ 6,000,000                
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Network 1 Financial Securities, Inc. [Member]                      
Cash fee | $   $ 120,000                  
Number of shares issued   1,020,000                  
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Accredited Investor [Member] | 10% Senior Unsecured Note Due January 2019 [Member]                      
Number of shares issued   4,500,000                  
Number of shares issued, value | $   $ 3,000,000                  
Subsequent Event [Member] | Restricted Stock Purchase Agreements [Member] | Mr. Philip D. Beck [Member]                      
Number of option granted   15,000,000                  
Subsequent Event [Member] | Restricted Stock Purchase Agreements [Member] | Mr. Stuart P. Stoller [Member]                      
Number of option granted   5,000,000