Subsequent Events (Details Narrative) (10Q)
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6 Months Ended |
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Jul. 28, 2016
USD ($)
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Jun. 24, 2016
USD ($)
$ / shares
shares
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May 18, 2016
USD ($)
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Apr. 08, 2016
USD ($)
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Jul. 28, 2015
USD ($)
Chargers
Cables
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Mar. 15, 2015
USD ($)
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Mar. 05, 2015
USD ($)
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Aug. 07, 2014
USD ($)
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Jan. 31, 2014
USD ($)
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Jun. 30, 2016
USD ($)
$ / shares
shares
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Jun. 30, 2015
USD ($)
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Jan. 31, 2016
$ / shares
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Dec. 31, 2015
USD ($)
$ / shares
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Feb. 25, 2015
$ / shares
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Dec. 31, 2014
USD ($)
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Sep. 24, 2014
$ / shares
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Jan. 15, 2014
$ / shares
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Proceeds from financing from third parties |
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$ 200,000
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Number of warrant to purchase of common stock shares | shares |
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525,000
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Warrant term |
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5 years
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Warrant exercise price per share | $ / shares |
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$ 0.70
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$ 2.25
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$ 1.00
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$ 0.70
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$ 0.97
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$ 0.50
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Note payable, Current |
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349,859
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$ 351,954
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$ 401,297
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Note payable, nonurrent |
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$ 4,815
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$ 18,803
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Number of charging cables | Chargers |
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6,500
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Litigation settlement amount |
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$ 172,645
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$ 178,893
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$ 737,425
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$ 5,000
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$ 10,000
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$ 112,500
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$ 15,000
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Warrant [Member] |
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Number of warrant to purchase of common stock shares | shares |
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475,000
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Warrant term |
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5 years
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Warrant exercise price per share | $ / shares |
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$ 0.70
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$ 0.70
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Warrant [Member] | Minimum [Member] |
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Warrant exercise price per share | $ / shares |
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1.05
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Warrant [Member] | Maximum [Member] |
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Warrant exercise price per share | $ / shares |
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$ 1.00
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Sixty Day Convertible Note [Member] |
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Aggregate principal amount |
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$ 95,000
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Proceeds from financing from third parties |
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$ 1,000,000
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Debt instrument interest rate |
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18.00%
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Debt instrument, per share | $ / shares |
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$ 0.70
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Subsequent Event [Member] |
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Litigation settlement amount |
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$ 178,893
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Subsequent Event [Member] | ITT Cannon [Member] |
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Number of charging cables | Cables |
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6,500
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Litigation settlement amount |
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$ 737,425
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Subsequent Event [Member] | Solomon Edwards Group, LLC [Member] |
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Litigation settlement amount |
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$ 172,645
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Subsequent Event [Member] | Purchase Agreement [Member] | October 13, 2016 [Member] |
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Aggregate principal amount |
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500,000
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Subsequent Event [Member] | Purchase Agreement [Member] | October 7, 2016 [Member] |
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Aggregate principal amount |
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$ 1,680,000
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Debt instrument interest rate |
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80.00%
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Debt instrument, per share | $ / shares |
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$ 0.70
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Debt maturity date description |
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Additionally, pursuant to the Purchase Agreement, on the fifth (5th) trading day after the pricing of the Public Offering, but in no event later than February 28, 2017, or, if the Listing Approval End Date is February 28, 2017, in no event later than March 31, 2017
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Subsequent Event [Member] | Board of Directors Chairman [Member] |
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Note payable, Current |
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$ 495,000
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Note payable, nonurrent |
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395,000
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Subsequent Event [Member] | JMJ Financial [Member] |
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Proceeds from financing from third parties |
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$ 500,000
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Additional advances, description |
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Pursuant to the Note, JMJ is obligated to provide the Company additional $250,000 or $500,000 advances under the Note as certain milestones
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Additional advances, percentage |
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100.00%
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Subsequent Event [Member] | JMJ Financial [Member] | Purchase Agreement [Member] | October 7, 2016 [Member] |
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Debt maturity date description |
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Due and payable on the earlier of February 15, 2017 or if the Listing Approval End Date (as defined in the Note) is February 28, 2017, March 31, 2017, or the third business day after the closing of the Public Offering
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Maturity date |
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Feb. 15, 2017
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Subsequent Event [Member] | Balance Labs, Inc [Member] |
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Total sublease agreement base rent percentage |
50.00%
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Total sublease agreement base rent |
$ 200,000
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Sublease agreement description |
The term of the sublease agreement is from August 1, 2016 to September 29, 2018, subject to earlier termination upon written notice of termination by the landlord or Sublandlord.
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Subsequent Event [Member] | Balance Labs, Inc [Member] | Minimum [Member] |
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Total sublease agreement base rent |
$ 7,500
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Subsequent Event [Member] | Balance Labs, Inc [Member] | Maximum [Member] |
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Total sublease agreement base rent |
$ 8,000
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Subsequent Event [Member] | Warrant [Member] | Purchase Agreement [Member] | October 7, 2016 [Member] |
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Debt instrument interest rate |
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80.00%
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Number of warrant to purchase of common stock shares | shares |
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714,285
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Warrant exercise price per share | $ / shares |
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$ 0.70
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Subsequent Event [Member] | Sixty Day Convertible Note [Member] |
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Aggregate principal amount |
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$ 400,000
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Proceeds from financing from third parties |
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$ 1,000,000
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Debt instrument interest rate |
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18.00%
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Debt instrument, per share | $ / shares |
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$ 0.70
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Subsequent Event [Member] | Sixty Day Convertible Note [Member] | Warrant [Member] |
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Number of warrant to purchase of common stock shares | shares |
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2,000,000
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Warrant term |
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5 years
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Warrant exercise price per share | $ / shares |
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$ 0.70
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Subsequent Event [Member] | Promissory Note [Member] | JMJ Financial [Member] | Purchase Agreement [Member] |
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Aggregate principal amount |
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$ 3,725,000
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