Subsequent Events (Details Narrative)
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1 Months Ended |
3 Months Ended |
6 Months Ended |
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Mar. 11, 2016
USD ($)
$ / shares
shares
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Jan. 15, 2016
USD ($)
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Nov. 13, 2015
$ / shares
shares
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Nov. 09, 2015
USD ($)
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Oct. 14, 2015
USD ($)
$ / shares
shares
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Jul. 31, 2015
USD ($)
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Jul. 29, 2015
USD ($)
$ / shares
shares
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Jul. 24, 2015
USD ($)
$ / shares
shares
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Jul. 22, 2015
$ / shares
shares
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Aug. 07, 2014
USD ($)
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Jan. 31, 2016
$ / shares
shares
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Dec. 31, 2015
$ / shares
shares
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Oct. 31, 2015
$ / shares
shares
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Sep. 30, 2015
$ / shares
shares
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Mar. 31, 2015
USD ($)
shares
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Jun. 30, 2015
USD ($)
$ / shares
shares
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Jun. 30, 2014
USD ($)
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Jun. 30, 2015
USD ($)
$ / shares
shares
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Jun. 30, 2014
USD ($)
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Nov. 11, 2015
shares
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Jul. 28, 2015
USD ($)
Dispute
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Dec. 31, 2014
$ / shares
shares
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Number of warrants issued for purchase of common stock shares |
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150,000
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Convertible preferred stock stated value per share | $ / shares |
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$ 0.001
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$ 0.001
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$ 0.001
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Common stock exercise price | $ / shares |
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$ 1.00
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$ 1.00
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Number of option granted |
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90,000
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Number of vested common stock value issued | $ |
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$ 192,147
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Debt instrument interest | $ |
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$ 11,960
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$ 11,537
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21,019
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$ 45,868
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Breach of contract for failure to pay invoices amount | $ |
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$ 112,500
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Operating leases, rent expense, total | $ |
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$ 113,297
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$ 120,281
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229,244
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223,588
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Repayment of notes payable | $ |
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$ 171,585
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$ 31,274
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Board of Directors [Member] |
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Number of vested common stock shares issued |
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147,000
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147,000
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OPFIN Committee [Member] |
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Number of vested common stock shares issued |
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41,958
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41,958
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Series C Convertible Preferred Stock [Member] |
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Preferred stock shares issued |
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86,049
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86,049
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60,250
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Series A Convertible Preferred Stock [Member] |
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Preferred stock shares issued |
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10,500,000
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10,500,000
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10,000,000
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Subsequent Event [Member] |
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Amount paid for license | $ |
$ 8,525
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Number of warrants issued for purchase of common stock shares |
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1,527,617
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Common stock exercise price | $ / shares |
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$ 0.63
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$ 0.32
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$ 0.17
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$ 0.27
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Number of shares vested during period |
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37,500
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Number of option granted |
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5,000
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5,000
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Option term |
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5 years
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5 years
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Debt instrument interest | $ |
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$ 11,000
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Operating leases, rent expense | $ |
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$ 20,000
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Operating leases, rent expense, total | $ |
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$ 755,000
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Convertible note | $ |
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$ 200,000
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Subsequent Event [Member] | Date Of Issuance [Member] |
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Number of shares vested during period |
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423,154
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Subsequent Event [Member] | First Anniversary Of Date Of Issuance [Member] |
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Number of shares vested during period |
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368,154
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Subsequent Event [Member] | Second Anniversary Of Date Of Issuance [Member] |
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Number of shares vested during period |
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368,154
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Subsequent Event [Member] | Third Anniversary Of Date Of Issuance [Member] |
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Number of shares vested during period |
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368,155
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Subsequent Event [Member] | Beam LLC [Member] |
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Number of shares vested during period |
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32,929
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Number of vested common stock shares issued |
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475
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475
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Number of vested common stock value issued | $ |
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$ 138
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Subsequent Event [Member] | Beam LLC [Member] | Minimum [Member] |
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Common stock exercise price | $ / shares |
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$ 0.27
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$ 0.27
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Subsequent Event [Member] | Beam LLC [Member] | Maximum [Member] |
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Common stock exercise price | $ / shares |
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1.50
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$ 1.50
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Subsequent Event [Member] | Blink Network [Member] |
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Litigation number of dispute product purchased | Dispute |
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6,500
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Value of purchase contract under dispute | $ |
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$ 737,425
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Subsequent Event [Member] | Bernstein Law Firm [Member] |
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Breach of contract for failure to pay invoices amount | $ |
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$ 87,167
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Subsequent Event [Member] | Board of Directors [Member] |
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Common stock exercise price | $ / shares |
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$ 0.19
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Number of shares vested during period |
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101,962
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Number of vested common stock shares issued |
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20,000
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Stock option vested period |
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5 years
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Subsequent Event [Member] | OPFIN Committee [Member] |
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Number of shares vested during period |
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15,000
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Stock option vested period |
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5 years
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Subsequent Event [Member] | OPFIN Committee [Member] | Minimum [Member] |
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Common stock exercise price | $ / shares |
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$ 0.18
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Subsequent Event [Member] | OPFIN Committee [Member] | Maximum [Member] |
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Common stock exercise price | $ / shares |
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$ 0.19
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Subsequent Event [Member] | Warrantholders [Member] |
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Number of warrants issued for purchase of common stock shares |
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1,290,000
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Warrants term |
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18 months
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Common stock exercise price | $ / shares |
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$ 2.25
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Subsequent Event [Member] | Former Beam [Member] | March 2016 [Member] |
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Number of common stock shares returned during the period |
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242,303
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Number of common stock returned during the period | $ |
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$ 45,000
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Subsequent Event [Member] | Mr. Michael J. Calise [Member] |
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Officers' compensation | $ |
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$ 275,000
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Subsequent Event [Member] | Mr. Ira Feintuch [Member] |
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Percentage of incentive on gross sale price |
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1.00%
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Subsequent Event [Member] | Executive Chairman of Board [Member] |
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Repayment of notes payable | $ |
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$ 100,000
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Subsequent Event [Member] | Common Stock [Member] | February 29, 2016 [Member] |
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Number of warrants issued for purchase of common stock shares |
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280,000
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Common stock exercise price | $ / shares |
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$ 1.00
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$ 1.00
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Debt instrument principal | $ |
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$ 170,008
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$ 170,008
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Debt instrument interest | $ |
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$ 50,000
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Subsequent Event [Member] | Common Stock [Member] | Mr. Ira Feintuch [Member] |
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Officers' compensation | $ |
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$ 25,000
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Percentage of stock awards |
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100.00%
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Shares issued as signing bonus |
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220,588
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Shares issued as signing bonus, value | $ |
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$ 75,000
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Annual performance bonus | $ |
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100,000
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Subsequent Event [Member] | Series C Convertible Preferred Stock [Member] |
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Preferred stock shares issued |
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45,115
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45,115
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Subsequent Event [Member] | Series C Convertible Preferred Stock [Member] | Michael D. Farkas [Member] |
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Preferred stock voting rights |
Michael D. Farkas agrees to vote all shares of voting capital stock of the Company registered in his name or beneficially owned by him as of the date hereof in accordance with the instructions of at least 60% of the holders of the shares of Series C Convertible Preferred Stock
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Subsequent Event [Member] | Series C Convertible Preferred Stock [Member] | Mr. Ira Feintuch [Member] |
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Amount recevied in transaction | $ |
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$ 400,000
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|
|
|
|
|
|
|
|
|
|
|
Officers' compensation, shares |
|
|
|
|
|
|
4,444
|
|
|
|
|
|
|
|
|
|
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|
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|
Subsequent Event [Member] | Series A Convertible Preferred Stock [Member] | Mr. Ira Feintuch [Member] |
|
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|
|
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|
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|
Common stock exercise price | $ / shares |
|
|
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|
|
|
$ 0.70
|
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|
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|
Officers' compensation, shares |
|
|
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|
|
|
3,584,400
|
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|
Percentage of stock option exercisable |
|
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|
25.00%
|
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|
Subsequent Event [Member] | Securities Purchase Agreement [Member] |
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|
Amount recevied in transaction | $ |
|
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|
$ 1,100,000
|
|
|
$ 830,000
|
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|
|
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Eventide Gilead Fund [Member] |
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|
Payment of subscription amount | $ |
$ 650,040
|
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|
Preferred stock voting rights |
In the event of the Companys noncompliance with Rule 144(c)(1) at any time after the six (6) month anniversary of the offering, the Purchaser is entitled to receive a cash fee equal to 1% of the aggregate subscription amount of the Purchasers securities, plus an additional 1% for every pro rata 30 day period that the Company is not in compliance.
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|
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Series A Convertible Preferred Stock [Member] |
|
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|
|
|
|
|
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|
|
|
|
|
|
|
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|
|
Number of warrants issued for purchase of common stock shares |
|
|
|
|
|
|
|
9,223
|
|
|
|
|
|
|
|
|
|
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|
Convertible preferred stock stated value per share | $ / shares |
|
|
|
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|
|
|
$ 100
|
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|
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Common Stock [Member] |
|
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|
|
|
|
|
|
|
|
|
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|
|
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|
|
|
|
|
|
Number of warrants issued for purchase of common stock shares |
|
|
|
|
2,618,997
|
|
|
1,318,889
|
|
|
|
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|
Warrants term |
|
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|
|
5 years
|
|
|
5 years
|
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|
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|
Common stock exercise price | $ / shares |
|
|
|
|
$ 1.00
|
|
|
$ 1.00
|
|
|
|
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|
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Series C Convertible Preferred Stock [Member] |
|
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|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
Number of warrants issued for purchase of common stock shares |
6,904,857
|
|
|
|
18,333
|
|
|
|
|
|
|
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|
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|
|
Warrants term |
5 years
|
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|
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|
|
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|
|
|
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|
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|
|
Convertible preferred stock stated value per share | $ / shares |
$ 100
|
|
|
|
$ 100
|
|
|
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|
Preferred stock shares issued |
48,334
|
|
|
|
|
|
|
|
|
|
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|
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|
|
Annual revenue description |
If (i) the Company fails to achieve annual overall revenue growth of 20% measured year to year (e.g., Q3 2016 compared to Q3 2015) based on its most recent public filings; and (ii) the Company fails to achieve at least a 25% increase in the value of purchase orders received for Generation 2 Hardware (with a minimum average 40% gross margin) quarter over quarter on a quarterly basis (e.g., Q3 2016 compared to Q2 2016) based on its most recent two quarters of public filings;
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|
Convertible preferred stock description |
the Company chooses not to honor the redemption request; then, within 180 days from the Companys receipt of notice from at least 60% of the holders of the shares of Series C Convertible Preferred Stock,
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|
Cash fee percentage |
1.00%
|
|
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|
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Series C Convertible Preferred Stock [Member] | April 30, 2016 [Member] |
|
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|
|
|
|
|
|
|
|
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|
|
|
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|
|
Convertible preferred stock stated value per share | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 90
|
|
$ 90
|
|
|
|
|
Percentage of future equity financing purchase price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125.00%
|
|
125.00%
|
|
|
|
|
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Series C Convertible Preferred Stock [Member] | Eventide Gilead Fund [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants issued for purchase of common stock shares |
1,547,714
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock exercise price | $ / shares |
$ 1.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred stock shares issued |
10,834
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Securities Purchase Agreement [Member] | Eventide Gilead Fund [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from subscription amount | $ |
$ 2,900,040
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Milestone amounts payable | $ |
$ 2,250,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
Subsequent Event [Member] | OPFIN Committee [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of vested common stock shares issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,299
|
|
|
Subsequent Event [Member] | Options [Member] | Mr. Michael J. Calise [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock exercise price | $ / shares |
|
|
|
|
|
|
$ 1.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Officers' compensation, shares |
|
|
|
|
|
|
1,588,016
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Option 1 [Member] | Mr. Michael J. Calise [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock exercise price | $ / shares |
|
|
|
|
|
|
$ 1.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Officers' compensation, shares |
|
|
|
|
|
|
26,422
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Option 2 [Member] | Mr. Michael J. Calise [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock exercise price | $ / shares |
|
|
|
|
|
|
$ 2.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Officers' compensation, shares |
|
|
|
|
|
|
287,970
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subsequent Event [Member] | Option 3 [Member] | Mr. Michael J. Calise [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock exercise price | $ / shares |
|
|
|
|
|
|
$ 3.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Officers' compensation, shares |
|
|
|
|
|
|
1,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|