NOTES PAYABLE, NET (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of notes payable

The following is a summary of notes payable as of March 31, 2018 and December 31, 2017:	March 31, 2018			December 31, 2017
In January 2017, the Company issued a Senior Unsecured Note (“Note”) a face value of $3,000,000, payable two years from issuance, along with an aggregate of 4,500,000 shares of Common Stock, with a fair value of $1,147,500. The Company allocated the proceeds to the common stock based on their relative fair value and recorded a discount of $830,018 to be amortized into interest expense over the two-year term of the note. The Company also paid debt issuance costs consisting of a cash fee of $120,000 and 1,020,000 shares of common stock of the Company with a fair value of $306,000. On April 30, 2018, the Company and the Noteholder agreed to extend the due date of the note until April 30, 2020 for an extension fee of 1,500,000 shares of the Common Stock issued to the Noteholder.		3,000,000			3,000,000
Total Principal Outstanding	$	3,000,000		$	3,000,000
Unamortized Deferred Debt		(129,496	)		(168,345	)
Unamortized Deferred Debt Issuance Costs		(350,719	)		(455,935	)
Notes Payable, Net	$	2,519,785		$	2,375,720

Schedule of notes payable and related discounts

The following is a roll-forward of the Company’s notes payable and related discounts for the three months ended March 31, 2018:

	Principal Balance		Debt Issuance Costs			Debt Discounts			Total
Balance at December 31, 2017	$	3,000,000	$	(168,345	)	$	(455,935	)	$	2,375,720
Amortization		—		38,849			105,216			144,065
Balance at March 31, 2018	$	3,000,000	$	(129,496	)	$	(350,719	)	$	2,519,785