NOTES PAYABLE, NET (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of notes payable

The following is a summary of notes payable as of September 30, 2018 and December 31, 2017:	September 30, 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 1,500,000 shares of the Common Stock issued to the Noteholder. The April 2018 change in the terms of this note payable has been determined to be a debt extinguishment in accordance with ASC 470. The reported amounts under the debt extinguishment are not significantly different than that of the Company’s reported amounts.  See below.	$	2,000,000		$	3,000,000
Total Principal Outstanding	$	2,000,000		$	3,000,000
Unamortized Deferred Debt Discount		(126,927	)		(168,345	)
Unamortized Deferred Debt Issuance Costs		(46,865	)		(455,935	)
Notes Payable, Net	$	1,826,208		$	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 nine months ended September 30, 2018:

	Principal Balance			Debt Issuance Costs			Debt Discounts			Total
Balance at December 31, 2017	$	3,000,000		$	(168,345	)	$	(455,935	)	$	2,375,720
Payments		(1,000,000	)		—			—			(1,000,000	)
Amortization		—			121,480			329,008			450,488
Balance at September 30, 2018	$	2,000,000		$	(46,865	)	$	(126,927	)	$	1,826,208