• Filing Date: 2018-08-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
3. CONVERTIBLE PROMISSORY NOTES (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Summary of Convertible Promissory Notes
    June 30,   December 31,
    2018   2017
         
CAVU Notes, net   $ 100,000     $ 100,000  
Berg Note     50,000       50,000  
Secured and unsecured Notes net of discounts of $368,990 for June 30, 2018 and $234,502 for December 31, 2017     4,240,010       2,999,498  
Total Debt     4,390,010       3,149,498  
Current portion of debt     4,390,010       3,149,498  
Long-term portion of debt   $ —       $ —    
Schedule of Derivative Instruments
Derivative Liability 2018
Beginning balance   $ (666,123 )
New Issuances     (559,728 )
Discount on new issuances     (647,431 )
Gain (Loss) on revaluation of derivative liability     (9,246,435 )
Ending balance   $ (11,119,717 )