XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash $ 47,768 $ 106,378
Prepaid expenses and other assets 99,136 18,565
Total current assets 146,904 124,943
Intangible assets, net of amortization 2,432,713 2,555,974
Goodwill 3,502,829 3,502,829
Total noncurrent assets 5,935,542 6,058,803
Total assets 6,082,446 6,183,746
Current liabilities    
Accounts payable 1,462,259 1,033,353
Accrued expenses 1,187,185 1,139,369
Due to related party 1,656,042 1,336,518
Accrued fee payable 320,000 320,000
Deferred revenue 200,000
Notes payable 453,223 444,223
Notes payable - related parties 1,597,784 1,462,040
Total current liabilities 6,876,493 5,735,503
Commitments and contingencies (Note 8)
Stockholders' equity    
Common stock, $0.006 par value; 180,000,000 shares authorized, 10,521,728 shares issued and outstanding as of March 31,2018 and December 31, 2017, respectively 63,127 63,127
Additional paid-in capital 8,532,702 8,413,823
Accumulated deficit (9,389,876) (8,028,707)
Total stockholders' equity (794,047) 448,243
Total liabilities and stockholders' equity 6,082,446 6,183,746
Series C Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, $0.01 par value; 100,000 shares authorized
Series D Convertible Preferred Stock [Member]    
Stockholders' equity    
Preferred stock, $0.01 par value; 100,000 shares authorized