NOTES PAYABLE, NET (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of notes payable

The following is a summary of notes payable as of December 31, 2018 and 2017:

	2018			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.	$	2,000,000		$	3,000,000
Total Principal Outstanding		2,000,000			3,000,000
Unamortized Deferred Discounts		(106,886	)		(455,935	)
Unamortized Debt Issuance Costs		(39,466	)		(168,345	)
Notes Payable, net of current maturities	$	1,853,648		$	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 years ended December 31, 2018 and 2017:

	Principal			Debt Issuance			Debt
	Balance			Costs			Discounts			Total
Balance at December 31, 2016	$	6,065,914		$	(243,055	)	$	(165,841	)	$	5,657,018
New issuances		3,000,000			(310,790	)		(841,727	)		1,847,483
Payments/conversions		(6,065,914	)		—			—			(6,065,914	)
Amortization		—			385,500			551,633			937,133
Balance at December 31, 2017		3,000,000			(168,345	)		(455,935	)		2,375,720
New issuances		—			—			—			—
Payments/Conversions		(1,000,000	)		—			—			(1,000,000	)
Amortization		—			128,879			349,049			477,928
Balance at December 31, 2018	$	2,000,000		$	(39,466	)	$	(106,886	)	$	1,853,648

Schedule of future maturities of notes payable

Future maturities of notes payable are as follows for the calendar years 2019 and 2020:

2019	$	—
2020		2,000,000
	$	2,000,000