Notes Payable (Details Narrative) - USD ($) |
3 Months Ended | ||||
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Dec. 30, 2016 |
Mar. 31, 2017 |
Mar. 31, 2016 |
Jan. 05, 2017 |
Dec. 31, 2016 |
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Debt discount amount | $ 57,134 | ||||
Loan bear interest rate | 9.00% | ||||
Debt default rate | 11.00% | ||||
Accrued interest | $ 50,486 | ||||
9% Unsecured Debenture Due April 30, 2017 [Member] | Full Wealth Investment Hong Kong Limited [Member] | |||||
Debt principal amount | $ 1,000,000 | ||||
Total Belief Limited [Member] | Promissory Note Due June 30, 2018 [Member] | |||||
Debt principal amount | $ 6,000,000 | $ 6,000,000 | |||
Maturity date | Jun. 30, 2018 | ||||
Debt discount amount | $ 342,804 | ||||
Debt interest rate | 4.00% | ||||
Debt instrument term | 1 year 6 months |
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- Definition Debt default rate, No definition available.
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- Definition Loan bear interest rate. No definition available.
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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