Quarterly report pursuant to Section 13 or 15(d)

Convertible Note Payable (Details Narrative)

v3.19.2
Convertible Note Payable (Details Narrative)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 24, 2019
USD ($)
Jun. 19, 2019
USD ($)
TradingDays
Jun. 05, 2019
USD ($)
Jun. 04, 2019
USD ($)
TradingDays
May 31, 2019
USD ($)
TradingDays
$ / shares
May 29, 2019
USD ($)
May 15, 2019
USD ($)
TradingDays
Mar. 20, 2019
USD ($)
TradingDays
$ / shares
shares
Mar. 20, 2019
USD ($)
$ / shares
shares
Mar. 19, 2019
USD ($)
TradingDays
$ / shares
shares
Mar. 19, 2019
USD ($)
$ / shares
shares
Mar. 19, 2019
USD ($)
$ / shares
shares
Mar. 06, 2019
USD ($)
TradingDays
$ / shares
shares
Mar. 04, 2019
USD ($)
TradingDays
$ / shares
shares
Dec. 19, 2018
USD ($)
TradingDays
Dec. 06, 2018
USD ($)
TradingDays
$ / shares
shares
Nov. 02, 2018
USD ($)
Nov. 01, 2018
USD ($)
TradingDays
$ / shares
shares
Sep. 17, 2018
USD ($)
shares
Aug. 11, 2018
USD ($)
$ / shares
shares
Aug. 11, 2018
USD ($)
$ / shares
shares
Jan. 16, 2018
USD ($)
Nov. 17, 2017
USD ($)
$ / shares
Nov. 07, 2017
USD ($)
$ / shares
shares
Sep. 29, 2017
$ / shares
shares
May 10, 2017
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
Jun. 30, 2018
USD ($)
Dec. 31, 2018
USD ($)
Number of common stock shares issued | shares                                               50,000 136,015              
Warrants to purchase common stock | shares                                               50,000 136,015              
Warrant exercise price per share | $ / shares                                             $ 1.00 $ 1.00 $ 1.00              
Warrant expiration date                                               May 07, 2019                
Conversion price per share | $ / shares                                       $ 0.665 $ 0.665     $ 0.665                
Fair value of warrants                           $ 1,381,963             $ 9,035   $ 10,750 $ 3,381                
Debt instrument repayment date                                     Dec. 15, 2018                          
Number of restricted stock award issued | shares                                     50,000                          
Number of restricted stock issued, value                                     $ 4,500                          
Debt instrument face amount                                       $ 44,000 $ 44,000   $ 267,500       $ 50,000 $ 50,000   $ 50,000    
Proceeds from debt                                                           1,350,500  
Warrant term                                       24 months 24 months   18 months                  
Original issue discount [1]                                                        
Interest expense                                                           1,209,546 307,081  
Debt repayment                                                           265,000 100,000  
Derivative liability                                                     6,506,062 6,506,062   6,506,062   $ 661,320
Gain on extinguishment of debt                                                       513,833 $ (63,685) 1,246,186 (63,685)  
Legal fees                                           $ 2,500                    
Debt description                           As the result, the exercise price of the warrants was reset to the lesser of (i) 50% multiplied by the lowest Trading Price during the previous twenty (20) Trading Day prior to March 4, 2019, which is $0.025. (ii) 50% multiplied by the lowest Trading Price during the previous twenty (20) Trading Day prior to the Conversion Date.                                    
Amortization of debt issuance costs and discounts                                                           1,136,048 $ 245,657  
Unamortized debt discount                                                     $ 899,443 $ 899,443   $ 899,443    
Convertible Note Payable Four [Member]                                                                
Debt instrument interest rate                                                     12.00% 12.00%   12.00%   12.00%
Debt instrument, maturity date                                                           Dec. 06, 2019   Dec. 06, 2019
Remaining balance [2]                                                     $ 45,500 $ 45,500   $ 45,500   $ 45,000
Convertible Note Payable Five [Member]                                                                
Debt instrument interest rate                                                     10.00% 10.00%   10.00%   10.00%
Debt instrument, maturity date                                                           Sep. 19, 2019   Sep. 19, 2019
Remaining balance [3]                                                     $ 64,130 $ 64,130   $ 64,130   $ 58,300
Convertible Note Payable Six [Member]                                                                
Debt instrument interest rate                                                     10.00% 10.00%   10.00%   10.00%
Debt instrument, maturity date                                                           Sep. 01, 2019   Sep. 01, 2019
Remaining balance [4]                                                     $ 625,882 $ 625,882   $ 625,882  
Convertible Note Payable Ten [Member]                                                                
Debt instrument interest rate                                                     12.00% 12.00%   12.00%   12.00%
Debt instrument, maturity date                                                           May 15, 2020   May 15, 2020
Remaining balance [5]                                                     $ 131,250 $ 131,250   $ 131,250  
Convertible Note Payable Eleven [Member]                                                                
Debt instrument interest rate                                                     10.00% 10.00%   10.00%   10.00%
Debt instrument, maturity date                                                           May 29, 2020   May 29, 2020
Remaining balance [6]                                                     $ 57,000 $ 57,000   $ 57,000  
Convertible Note Payable Twelve [Member]                                                                
Debt instrument interest rate                                                     12.00% 12.00%   12.00%   12.00%
Debt instrument, maturity date                                                           May 31, 2020   May 31, 2020
Remaining balance [7]                                                     $ 86,625 $ 86,625   $ 86,625  
Convertible Note Payable Thirteen [Member]                                                                
Debt instrument interest rate                                                     10.00% 10.00%   10.00%   10.00%
Debt instrument, maturity date                                                           May 31, 2020   May 31, 2020
Remaining balance [8]                                                     $ 60,000 $ 60,000   $ 60,000  
Convertible Note Payable Fourteen [Member]                                                                
Debt instrument interest rate                                                     8.00% 8.00%   8.00%   8.00%
Debt instrument, maturity date                                                           Jun. 04, 2020   Jun. 04, 2020
Remaining balance [9]                                                     $ 46,200 $ 46,200   $ 46,200  
Convertible Note Payable Fifteen [Member]                                                                
Debt instrument interest rate                                                     12.00% 12.00%   12.00%   8.00%
Debt instrument, maturity date                                                           Jun. 19, 2020   Jun. 19, 2020
Remaining balance [10]                                                     $ 113,000 $ 113,000   $ 113,000  
Unaffiliated Investor [Member]                                                                
Borrowing from unrelated party                               $ 136,500                                
Debt instrument interest rate                             10.00% 12.00%                                
Number of common stock shares issued | shares                                   650,000                            
Warrants to purchase common stock | shares                               227,500   380,000                            
Warrant exercise price per share | $ / shares                               $ 0.20   $ 0.20                            
Fair value of warrants                           $ 3,421,241   $ 7,880   $ 89,908                            
Fair value assumptions, measurement input, term                               5 years                                
Number of restricted stock award issued | shares                                   650,000                            
Debt instrument face amount                             $ 58,300 $ 45,500                     85,000 85,000   85,000    
Debt principal balance increase $ 5,830                                                              
Proceeds from debt                                   $ 342,000                            
Warrant term                               5 years   5 years                            
Original issue discount                             $ 5,300 $ 12,000                                
Original issue discount percentage                                   10.00%                            
Call payment                                   $ 20,000                            
Debt conversion description                                   The Note accrues interest at 12% per year, and is due and payable on May 1, 2019 ("Maturity Date"). The Company may prepay the Note without prepayment penalty if prepaid during the first 180 days following issuance date. No prepayment is permitted after the initial 180 days from issuance. The Note agreements give the lender the right to convert the loan amounts due into common stock at a conversion price equal to the lesser of (i) 50% multiplied by the lowest trading price during the previous twenty (20) trading day period ending on the latest complete trading day prior to the date of this Note and (ii) 50% multiplied by the during the twenty (20) trading day period ending on the latest complete trading day prior to the conversion date.                            
Conversion percentage                             60.00% 50.00%                                
Trading days | TradingDays                             25 20   20                            
Proceeds from issuance of common stock                                   $ 53,300                            
Converted derivative value                             $ 102,942 $ 74,970   558,923                            
Interest expense                             52,942 42,850   $ 364,131                            
Debt repayment     $ 5,000                                                     295,000    
Legal fees                             $ 53,000 $ 41,500                                
Debt description                           As the result, the exercise price of the warrants was reset to the lesser of (i) 50% multiplied by the lowest Trading Price during the previous twenty (20) Trading Day prior to March 4, 2019, which is $0.025. (ii) 50% multiplied by the lowest Trading Price during the previous twenty (20) Trading Day prior to the Conversion Date. The maturity date for the Note is September 19, 2019 ("Maturity Date"), and is the date upon which the principal sum, as well as any accrued and unpaid interest, shall be due and payable. This Company may prepay any amount outstanding under this Note, during the initial 60 calendar day period after the issuance of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61st through 120 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 135% multiplied the amount that the Company is prepaying. Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 121st through 180 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 140% multiplied the amount that the Company is prepaying. This Company may prepay any amount outstanding under each tranche of this Note, during the initial 60 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61st through 120 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 135% multiplied the amount that the Company is prepaying.                                
Debt outstanding description                             The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche of this Note. Any amount of principal or interest due pursuant to this Note, which is not paid by the Maturity Date, shall bear interest at the rate of the lesser of (i) eighteen percent (18%) per annum or (ii) the maximum amount permitted by law from the due date thereof until the same is paid ("Default Interest"). The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche of this Note. Any amount of principal or interest due pursuant to this Note, which is not paid by the Maturity Date, shall bear interest at the rate of the lesser of (i) fifteen percent (15%) per annum or (ii) the maximum amount permitted by law from the due date thereof until the same is paid ("Default Interest").                                
Original debt discount, warrant and conversion feature                               $ 45,500                                
Fair value of conversion feature                             $ 50,000                                  
Debt instrument, principal increase, description On June 24, 2019, we increased the principal balance by 10% in the amount of $5,830 in exchange the debt holder agreed not to convert the Note into common stock until July 21, 2019.                                                              
Unaffiliated Investor [Member] | Convertible Note Payable Four [Member]                                                                
Debt instrument face amount                                                     45,500 45,500   45,500    
Unaffiliated Investor [Member] | Convertible Note Payable Five [Member]                                                                
Debt instrument face amount                                                     64,130 64,130   64,130    
First Fire Opportunity Fund LLC [Member]                                                                
Debt instrument interest rate                           10.00%                                    
Number of common stock shares issued | shares                           1,125,000                                    
Warrant exercise price per share | $ / shares                           $ 0.50                                    
Fair value of warrants                           $ 3,553,635                                    
Debt instrument face amount                           705,882                                    
Proceeds from debt                           $ 592,500                                    
Warrant term                           18 months                                    
Original issue discount                           $ 113,382                                    
Conversion percentage                           50.00%                                    
Trading days | TradingDays                           20                                    
Converted derivative value                           $ 4,135,070                                    
Interest expense                           3,816,305                                    
Debt repayment                           20,000                                    
Derivative liability                           $ 4,135,070                                    
First Fire Opportunity Fund LLC [Member] | Convertible Note Payable Six [Member]                                                                
Debt instrument face amount                                                     625,882 625,882   625,882    
Debt repayment                                                     80,000          
Delaware Limited Partnership [Member]                                                                
Debt instrument interest rate                         10.00%                                      
Warrant exercise price per share | $ / shares                         $ 0.50                                      
Fair value of warrants                         $ 2,306,364                                      
Number of restricted stock award issued | shares                         608,000                                      
Debt instrument face amount                         $ 380,000                                      
Proceeds from debt                         $ 338,000                                      
Warrant term                         5 years                                      
Original issue discount                         $ 42,000                                      
Conversion percentage                         12.00%                                      
Trading days | TradingDays                         20                                      
Converted derivative value                         $ 2,599,866                                      
Interest expense                         179,140                                      
Debt repayment                                 $ 110,000                              
Derivative liability                         $ 2,599,866                                      
Odyssey Capital Funding, LLC [Member] | Convertible Note Payable Ten [Member]                                                                
Debt instrument interest rate             12.00%                                                  
Debt instrument, maturity date             May 15, 2020                                                  
Debt instrument face amount             $ 131,250                                                  
Proceeds from debt             125,000                                                  
Original issue discount             $ 6,250                                                  
Debt conversion description             Odyssey is entitled, at its option, at any time after the 180 th daily anniversary of the Note, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock at a price for each share of Common Stock equal to 55% of the lowest trading price of the Common Stock for the twenty (20) prior trading days including the day upon which a Notice of Conversion is received by the Company.                                                  
Conversion percentage             55.00%                                                  
Trading days | TradingDays             20                                                  
Converted derivative value             $ 230,389                                                  
Interest expense             105,389                                                  
Fair value of conversion feature             $ 125,000                                                  
Third Party [Member] | Convertible Note Payable Eleven [Member]                                                                
Debt instrument interest rate           10.00%                                                    
Debt instrument, maturity date           May 29, 2020                                                    
Debt instrument face amount           $ 57,000                                                    
Proceeds from debt           55,000                                                    
Original issue discount           2,000                                                    
Converted derivative value           88,261                                                    
Interest expense           33,261                                                    
Fair value of conversion feature           $ 55,000                                                    
Third Party [Member] | Convertible Note Payable Thirteen [Member]                                                                
Debt instrument interest rate         10.00%                                                      
Debt instrument, maturity date         May 31, 2020                                                      
Debt instrument face amount         $ 60,000                                                      
Proceeds from debt         50,000                                                      
Original issue discount         10,000                                                      
Interest expense         42,904                                                      
Derivative liability         50,000                                                      
Fair value of conversion feature         $ 92,904                                                      
Third Party [Member] | Convertible Note Payable Fourteen [Member]                                                                
Debt instrument interest rate       8.00%                                                        
Debt instrument, maturity date       Jun. 04, 2020                                                        
Debt instrument face amount       $ 46,200                                                        
Proceeds from debt       40,000                                                        
Original issue discount       $ 6,200                                                        
Conversion percentage       60.00%                                                        
Trading days | TradingDays       20                                                        
Interest expense       $ 33,627                                                        
Derivative liability       40,000                                                        
Fair value of conversion feature       $ 73,627                                                        
GW Holdings Group, LLC [Member] | Convertible Note Payable Twelve [Member]                                                                
Debt instrument, maturity date         May 31, 2020                                                      
Debt instrument face amount         $ 86,625                                                      
Original issue discount         $ 11,625                                                      
Conversion percentage         50.00%                                                      
Trading days | TradingDays         20                                                      
Interest expense         $ 112,660                                                      
Legal fees         75,000                                                      
Fair value of conversion feature         148,885                                                      
Amortization of debt issuance costs and discounts         $ 38,775                                                      
Unaffiliated Lending Rntity [Member] | Convertible Note Payable Fifteen [Member]                                                                
Debt instrument, maturity date   Jun. 17, 2020                                                            
Debt instrument face amount   $ 113,000                                                            
Original issue discount   $ 3,000                                                            
Conversion percentage   61.00%                                                            
Trading days | TradingDays   20                                                            
Derivative liability   $ 110,000                                                            
Legal fees   113,000                                                            
Fair value of conversion feature   $ 274,884                                                            
Tranche 1 [Member] | Unaffiliated Investor [Member]                                                                
Warrants to purchase common stock | shares                                   687,500                            
Warrant exercise price per share | $ / shares                                   $ 0.20                            
Debt instrument face amount                               $ 45,500                                
Warrant term                                   5 years                            
Tranche 2 [Member] | Unaffiliated Investor [Member]                                                                
Warrants to purchase common stock | shares                                   2,062,500                            
Warrant exercise price per share | $ / shares                                   $ 0.20                            
Warrant term                                   5 years                            
Unaffiliated Investor [Member]                                                                
Borrowing from unrelated party                                       $ 44,000 $ 44,000                      
Debt instrument interest rate                                       12.50% 12.50%                      
Debt instrument, maturity date                                       Feb. 11, 2020                        
Number of common stock shares issued | shares                                       100,000                        
Warrant exercise price per share | $ / shares                                       $ 0.665 $ 0.665                      
Debt instrument face amount                                                     44,000 44,000   44,000    
Warrant term                                       24 months 24 months                      
Fair value of common stock, shares | shares                                       44,000 44,000                      
Fair value of market price                                       $ 5,280 $ 5,280                      
Amortization of debt discount amount                                       $ 14,315                   5,209    
Original issue discount                                                     $ 5,893 $ 5,893   $ 5,893    
Unaffiliated Investor [Member] | Restricted Stock [Member]                                                                
Number of common stock shares issued | shares                                       44,000                        
Conversion price per share | $ / shares                                       $ 0.20 $ 0.20                      
Fair value of warrants                                       $ 9,035                        
Volatility Rate [Member] | Minimum [Member]                                                                
Fair value assumptions, measurement input, percentages                                                     248.00% 248.00%   248.00%    
Volatility Rate [Member] | Maximum [Member]                                                                
Fair value assumptions, measurement input, percentages                                                     276.00% 276.00%   276.00%    
Volatility Rate [Member] | Odyssey Capital Funding, LLC [Member] | Convertible Note Payable Ten [Member]                                                                
Fair value assumptions, measurement input, percentages             254.00%                                                  
Volatility Rate [Member] | Third Party [Member] | Convertible Note Payable Eleven [Member]                                                                
Fair value assumptions, measurement input, percentages           253.00%                                                    
Volatility Rate [Member] | Third Party [Member] | Convertible Note Payable Thirteen [Member]                                                                
Fair value assumptions, measurement input, percentages         253.00%                                                      
Volatility Rate [Member] | Third Party [Member] | Convertible Note Payable Fourteen [Member]                                                                
Fair value assumptions, measurement input, percentages       253.00%                                                        
Volatility Rate [Member] | GW Holdings Group, LLC [Member] | Convertible Note Payable Twelve [Member]                                                                
Fair value assumptions, measurement input, percentages         253.00%                                                      
Volatility Rate [Member] | Unaffiliated Lending Rntity [Member] | Convertible Note Payable Fifteen [Member]                                                                
Fair value assumptions, measurement input, percentages   274.00%                                                            
Discount Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                                                     0.00% 0.00%   0.00%    
Discount Rate [Member] | Odyssey Capital Funding, LLC [Member] | Convertible Note Payable Ten [Member]                                                                
Fair value assumptions, measurement input, percentages             0.00%                                                  
Discount Rate [Member] | Third Party [Member] | Convertible Note Payable Eleven [Member]                                                                
Fair value assumptions, measurement input, percentages           0.00%                                                    
Discount Rate [Member] | Third Party [Member] | Convertible Note Payable Thirteen [Member]                                                                
Fair value assumptions, measurement input, percentages         0.00%                                                      
Discount Rate [Member] | Third Party [Member] | Convertible Note Payable Fourteen [Member]                                                                
Fair value assumptions, measurement input, percentages       0.00%                                                        
Discount Rate [Member] | GW Holdings Group, LLC [Member] | Convertible Note Payable Twelve [Member]                                                                
Fair value assumptions, measurement input, percentages         0.00%                                                      
Discount Rate [Member] | Unaffiliated Lending Rntity [Member] | Convertible Note Payable Fifteen [Member]                                                                
Fair value assumptions, measurement input, percentages   0.00%                                                            
Expected Dividend Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                                                     0.00% 0.00%   0.00%    
Expected Dividend Rate [Member] | Odyssey Capital Funding, LLC [Member] | Convertible Note Payable Ten [Member]                                                                
Fair value assumptions, measurement input, percentages             0.00%                                                  
Expected Dividend Rate [Member] | Third Party [Member] | Convertible Note Payable Eleven [Member]                                                                
Fair value assumptions, measurement input, percentages           0.00%                                                    
Expected Dividend Rate [Member] | Third Party [Member] | Convertible Note Payable Thirteen [Member]                                                                
Fair value assumptions, measurement input, percentages         0.00%                                                      
Expected Dividend Rate [Member] | Third Party [Member] | Convertible Note Payable Fourteen [Member]                                                                
Fair value assumptions, measurement input, percentages       0.00%                                                        
Fair value assumptions, measurement input, term       1 year                                                        
Expected Dividend Rate [Member] | GW Holdings Group, LLC [Member] | Convertible Note Payable Twelve [Member]                                                                
Fair value assumptions, measurement input, percentages         0.00%                                                      
Expected Dividend Rate [Member] | Unaffiliated Lending Rntity [Member] | Convertible Note Payable Fifteen [Member]                                                                
Fair value assumptions, measurement input, percentages   0.00%                                                            
Expected Life [Member] | Minimum [Member]                                                                
Debt instrument term                                                           29 days    
Expected Life [Member] | Maximum [Member]                                                                
Debt instrument term                                                           1 year    
Expected Life [Member] | Odyssey Capital Funding, LLC [Member] | Convertible Note Payable Ten [Member]                                                                
Fair value assumptions, measurement input, term             1 year                                                  
Expected Life [Member] | Third Party [Member] | Convertible Note Payable Eleven [Member]                                                                
Fair value assumptions, measurement input, term           1 year                                                    
Expected Life [Member] | Third Party [Member] | Convertible Note Payable Thirteen [Member]                                                                
Fair value assumptions, measurement input, term         1 year                                                      
Expected Life [Member] | GW Holdings Group, LLC [Member] | Convertible Note Payable Twelve [Member]                                                                
Fair value of warrants         $ 159,495                                                      
Fair value assumptions, measurement input, term         1 year                                                      
Expected Life [Member] | Unaffiliated Lending Rntity [Member] | Convertible Note Payable Fifteen [Member]                                                                
Fair value assumptions, measurement input, term   1 year                                                            
Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                             228.00% 225.00%                                
Black-Scholes Option Pricing Model [Member] | Discount Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                             0.00% 0.00%                 0.00%              
Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                             0.00% 0.00%                 0.00%              
Black-Scholes Option Pricing Model [Member] | Expected Life [Member]                                                                
Fair value assumptions, measurement input, term                             9 months                                  
Warrants [Member]                                                                
Warrant exercise price per share | $ / shares         $ 0.50     $ 0.50 $ 0.50 $ 0.50 $ 0.50 $ 0.50   $ 0.50                                    
Fair value of warrants         $ 159,495       $ 106,534     $ 296,143   $ 3,553,635                                    
Warrant term         5 years     5 years 5 years 18 months 18 months 18 months   18 months                                    
Debt description         As the result, the exercise price of the warrants was reset to 50% multiplied by the lowest Trading Price during the previous twenty 20 Trading Days prior to this note or notice of conversion.       As the result, the exercise price of the warrants was reset to 50% multiplied by the lowest Trading Price during the previous twenty 20 Trading Days prior to notice of conversion.     As the result, the exercise price of the warrants was reset to the lesser of (i) 60% multiplied by the lowest Trading Price during the previous twenty-five (25) Trading Days before the Issue Date of this Note or (ii) 60% multiplied by the Market Price.   As the result, the exercise price of the warrants was reset to the lesser of (i) $0.5 or (ii) 50% multiplied by the lowest Trading Price during the previous twenty (20) Trading Day prior to the exercise price upon issuance.                                    
Warrants [Member] | Volatility Rate [Member] | GW Holdings Group, LLC [Member] | Convertible Note Payable Twelve [Member]                                                                
Fair value assumptions, measurement input, percentages         253.00%                                                      
Warrants [Member] | Discount Rate [Member] | GW Holdings Group, LLC [Member] | Convertible Note Payable Twelve [Member]                                                                
Fair value assumptions, measurement input, percentages         0.00%                                                      
Warrants [Member] | Expected Dividend Rate [Member] | GW Holdings Group, LLC [Member] | Convertible Note Payable Twelve [Member]                                                                
Fair value assumptions, measurement input, percentages         0.00%                                                      
Warrants [Member] | Expected Life [Member] | GW Holdings Group, LLC [Member] | Convertible Note Payable Twelve [Member]                                                                
Fair value assumptions, measurement input, term         5 years                                                      
Amortization of debt issuance costs and discounts         $ 36,225                                                      
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                                   226.00%   221.00% 221.00%     77.00%                
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Discount Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                                   0.00%   0.00% 0.00%     0.00%                
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                                   0.00%           0.00%                
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member] | FirstFire Global Opportunities Fund, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                                       0.00% 0.00%                      
Warrants [Member] | Black-Scholes Option Pricing Model [Member] | Expected Life [Member]                                                                
Fair value assumptions, measurement input, term                                   5 years   2 years       1 year 6 months                
Warrant One [Member] | Delaware Limited Partnership [Member]                                                                
Fair value of warrants                                 158,860                              
Warrant One [Member] | Volatility Rate [Member] | Delaware Limited Partnership [Member]                                                                
Fair value assumptions, measurement input, percentages                         248.00%                                      
Warrant One [Member] | Discount Rate [Member] | Delaware Limited Partnership [Member]                                                                
Fair value assumptions, measurement input, percentages                         0.00%                                      
Warrant One [Member] | Expected Dividend Rate [Member] | Delaware Limited Partnership [Member]                                                                
Fair value assumptions, measurement input, percentages                         0.00%                                      
Warrant One [Member] | Expected Life [Member] | Delaware Limited Partnership [Member]                                                                
Fair value assumptions, measurement input, term                         5 years                                      
Warrant One [Member] | Black-Scholes Option Pricing Model [Member]                                                                
Fair value of warrants                                   $ 194,792                            
Warrant One [Member] | Black-Scholes Option Pricing Model [Member] | First Fire Opportunity Fund LLC [Member]                                                                
Fair value of warrants                           $ 273,735                                    
Fair value assumptions, measurement input, term                           1 year 6 months                                    
Warrant One [Member] | Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                               225.00%   226.00%                            
Debt instrument face amount                               $ 5,000                                
Warrant One [Member] | Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member] | First Fire Opportunity Fund LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                           248.00%                                    
Warrant One [Member] | Black-Scholes Option Pricing Model [Member] | Discount Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                               0.00%   0.00%                            
Warrant One [Member] | Black-Scholes Option Pricing Model [Member] | Discount Rate [Member] | First Fire Opportunity Fund LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                           0.00%                                    
Warrant One [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member]                                                                
Fair value assumptions, measurement input, percentages                               0.00%   0.00%                            
Warrant One [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member] | First Fire Opportunity Fund LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                           0.00%                                    
Warrant One [Member] | Black-Scholes Option Pricing Model [Member] | Expected Life [Member]                                                                
Fair value assumptions, measurement input, term                               1 year   6 months                            
Warrants Three [Member] | Black-Scholes Option Pricing Model [Member]                                                                
Fair value of warrants                               $ 74,970                                
Warrants Two [Member] | Delaware Limited Partnership [Member]                                                                
Fair value of warrants                         $ 179,140                                      
Warrants Two [Member] | Volatility Rate [Member] | Delaware Limited Partnership [Member]                                                                
Fair value assumptions, measurement input, percentages                         248.00%                                      
Warrants Two [Member] | Discount Rate [Member] | Delaware Limited Partnership [Member]                                                                
Fair value assumptions, measurement input, percentages                         0.00%                                      
Warrants Two [Member] | Expected Dividend Rate [Member] | Delaware Limited Partnership [Member]                                                                
Fair value assumptions, measurement input, percentages                         0.00%                                      
Warrants Two [Member] | Expected Life [Member] | Delaware Limited Partnership [Member]                                                                
Fair value assumptions, measurement input, term                         5 months                                      
Warrants Two [Member] | Black-Scholes Option Pricing Model [Member] | First Fire Opportunity Fund LLC [Member]                                                                
Fair value of warrants                           $ 318,765                                    
Fair value assumptions, measurement input, term                           6 months                                    
Warrants Two [Member] | Black-Scholes Option Pricing Model [Member] | Volatility Rate [Member] | First Fire Opportunity Fund LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                           248.00%                                    
Warrants Two [Member] | Black-Scholes Option Pricing Model [Member] | Discount Rate [Member] | First Fire Opportunity Fund LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                           0.00%                                    
Warrants Two [Member] | Black-Scholes Option Pricing Model [Member] | Expected Dividend Rate [Member] | First Fire Opportunity Fund LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                           0.00%                                    
Convertible Note Agreement [Member]                                                                
Borrowing from unrelated party                                                   $ 50,000            
Debt instrument interest rate                                                   10.00%            
Debt instrument, maturity date                                                   May 10, 2018            
Private Placement [Member]                                                                
Common stock selling price percentage                                                   100.00%            
Debt instrument, convertible date                                                   May 10, 2018            
Auditor [Member] | Delaware Limited Partnership [Member]                                                                
Debt repayment                                 $ 40,000                              
Securities Purchase Agreement [Member] | Jefferson Street Capital, LLC [Member]                                                                
Debt instrument, maturity date                   Mar. 28, 2019                                            
Warrants to purchase common stock | shares                   83,078 83,078 83,078                                        
Warrant exercise price per share | $ / shares                   $ 0.50 $ 0.50 $ 0.50                                        
Debt instrument face amount                   $ 52,250 $ 52,250 $ 52,250                                        
Proceeds from debt                   $ 40,000                                            
Warrant term                   18 months 18 months 18 months                                        
Original issue discount                   $ 12,250 $ 12,250 $ 12,250                                        
Debt conversion description                   Exercise Price shall be reduced to equal the effective price, and the number of Warrant Shares issuable hereunder shall be calculated by the original total number of Warrant Shares multiplied by the initial Exercise Price divided by the effective price. As the result, the exercise price of the warrants was reset to the lesser of (i) 60% multiplied by the lowest Trading Price during the previous twenty-five (25) Trading Days before the Issue Date of this Note or (ii) 60% multiplied by the Market Price.                                            
Conversion percentage                   60.00%                                            
Trading days | TradingDays                   25                                            
Securities Purchase Agreement [Member] | Jefferson Street Capital, LLC [Member] | JSC Note [Member]                                                                
Debt instrument interest rate                   10.00% 10.00% 10.00%                                        
Debt instrument, maturity date                   Dec. 19, 2019                                            
Original issue discount                   $ 4,750 $ 4,750 $ 4,750                                        
Debt conversion description                   The holder may convert after the 180 th calendar day after the issue date of the JSC Note, all or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of the JSC Note due into shares of common stock of the Company at the conversion price that is equal to the lesser of (i) 60% multiplied by the lowest Trading Price during the previous twenty-five (25) Trading Days before the Issue Date of this Note or (ii) 60% multiplied by the Market Price.                                            
Securities Purchase Agreement [Member] | Crown Bridge Partners, LLC [Member]                                                                
Debt instrument interest rate               12.00% 12.00%                                              
Debt instrument, maturity date               Mar. 28, 2019                                                
Warrants to purchase common stock | shares               80,036 80,036                                              
Warrant exercise price per share | $ / shares               $ 0.50 $ 0.50                                              
Warrant term               5 years 5 years                                              
Debt conversion description               Each tranche of the note funded accrues interest at a rate of 12% per year. The principal amount of each respective tranche, as well as any accrued and unpaid interest and other fees relating to that respective tranche, is due and payable twelve (12) months from the date on which each respective tranche is delivered to the Company. The Company may not prepay any amount outstanding under each tranche of this Note after the 180 th calendar day after the issuance of the respective tranche received pursuant to the Note.                                                
Conversion percentage               50.00%                                                
Trading days | TradingDays               20                                                
Securities Purchase Agreement [Member] | Second Tranche[Member] | Crown Bridge Partners, LLC [Member]                                                                
Debt instrument face amount               $ 40,018 $ 40,018                                              
Proceeds from debt               35,000                                                
Original issue discount               12,000 12,000                                              
Legal fees               $ 5,018                                                
Securities Purchase Agreement [Member] | Warrant One [Member] | Jefferson Street Capital, LLC [Member]                                                                
Debt instrument, maturity date                     Mar. 19, 2019                                          
Fair value of warrants                     $ 296,143                                          
Converted derivative value                   $ 356,844 356,844 $ 356,844                                        
Interest expense                     335,004                                          
Amortization of debt issuance costs and discounts                     $ 18,160                                          
Securities Purchase Agreement [Member] | Warrant One [Member] | Crown Bridge Partners, LLC [Member]                                                                
Debt instrument, maturity date               Mar. 20, 2019                                                
Fair value of warrants               $ 106,534                                                
Converted derivative value               95,370 $ 95,370                                              
Interest expense               78,850                                                
Amortization of debt issuance costs and discounts               $ 18,480                                                
Securities Purchase Agreement [Member] | Warrant One [Member] | Volatility Rate [Member] | Jefferson Street Capital, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                   266.00% 266.00% 266.00%                                        
Securities Purchase Agreement [Member] | Warrant One [Member] | Volatility Rate [Member] | Crown Bridge Partners, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages               266.00% 266.00%                                              
Securities Purchase Agreement [Member] | Warrant One [Member] | Discount Rate [Member] | Jefferson Street Capital, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                   0.00% 0.00% 0.00%                                        
Securities Purchase Agreement [Member] | Warrant One [Member] | Discount Rate [Member] | Crown Bridge Partners, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages               0.00% 0.00%                                              
Securities Purchase Agreement [Member] | Warrant One [Member] | Expected Dividend Rate [Member] | Jefferson Street Capital, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                   0.00% 0.00% 0.00%                                        
Securities Purchase Agreement [Member] | Warrant One [Member] | Expected Dividend Rate [Member] | Crown Bridge Partners, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages               0.00% 0.00%                                              
Securities Purchase Agreement [Member] | Warrant One [Member] | Expected Life [Member] | Jefferson Street Capital, LLC [Member]                                                                
Fair value assumptions, measurement input, term                     1 year 6 months                                          
Securities Purchase Agreement [Member] | Warrant One [Member] | Expected Life [Member] | Crown Bridge Partners, LLC [Member]                                                                
Fair value assumptions, measurement input, term               5 years                                                
Securities Purchase Agreement [Member] | Warrants Two [Member] | Jefferson Street Capital, LLC [Member]                                                                
Amortization of debt issuance costs and discounts                     $ 21,840                                          
Securities Purchase Agreement [Member] | Warrants Two [Member] | Crown Bridge Partners, LLC [Member]                                                                
Fair value of warrants               $ 16,520                                                
Amortization of debt issuance costs and discounts               $ 21,840                                                
Securities Purchase Agreement [Member] | Warrants Two [Member] | Volatility Rate [Member] | Jefferson Street Capital, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                   26600.00% 26600.00% 26600.00%                                        
Securities Purchase Agreement [Member] | Warrants Two [Member] | Volatility Rate [Member] | Crown Bridge Partners, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages               26600.00% 26600.00%                                              
Securities Purchase Agreement [Member] | Warrants Two [Member] | Discount Rate [Member] | Jefferson Street Capital, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                   0.00% 0.00% 0.00%                                        
Securities Purchase Agreement [Member] | Warrants Two [Member] | Discount Rate [Member] | Crown Bridge Partners, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages               0.00% 0.00%                                              
Securities Purchase Agreement [Member] | Warrants Two [Member] | Expected Dividend Rate [Member] | Jefferson Street Capital, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages                   0.00% 0.00% 0.00%                                        
Securities Purchase Agreement [Member] | Warrants Two [Member] | Expected Dividend Rate [Member] | Crown Bridge Partners, LLC [Member]                                                                
Fair value assumptions, measurement input, percentages               0.00% 0.00%                                              
Securities Purchase Agreement [Member] | Warrants Two [Member] | Expected Life [Member] | Jefferson Street Capital, LLC [Member]                                                                
Fair value assumptions, measurement input, term                     9 months                                          
Securities Purchase Agreement [Member] | Warrants Two [Member] | Expected Life [Member] | Crown Bridge Partners, LLC [Member]                                                                
Fair value assumptions, measurement input, term               1 year                                                
Down Round Feature [Member] | Third Party [Member] | Convertible Note Payable Eleven [Member]                                                                
Converted derivative value           $ 45,638                                                    
Down Round Feature [Member] | Volatility Rate [Member] | Third Party [Member] | Convertible Note Payable Eleven [Member]                                                                
Fair value assumptions, measurement input, percentages           253.00%                                                    
Down Round Feature [Member] | Discount Rate [Member] | Third Party [Member] | Convertible Note Payable Eleven [Member]                                                                
Fair value assumptions, measurement input, percentages           0.00%                                                    
Down Round Feature [Member] | Expected Dividend Rate [Member] | Third Party [Member] | Convertible Note Payable Eleven [Member]                                                                
Fair value assumptions, measurement input, percentages           0.00%                                                    
Down Round Feature [Member] | Expected Life [Member] | Third Party [Member] | Convertible Note Payable Eleven [Member]                                                                
Fair value assumptions, measurement input, term           3 years                                                    
[1] On December 30, 2016, in connection with the TBL acquisition, Foothills entered into a promissory note in the amount of $6,000,000. This note bears no interest during its term. The Company calculated and recorded $342,804 of imputed interest as debt discount. Starting from July 1, 2018, the note bears 10% annual interest.
[2] On December 6, 2018, Foothills Exploration, Inc. (the "Company"), entered into a convertible loan transaction with an unaffiliated investor ("Holder") in the principal amount of $136,500 (the "Note"). The Note is divided into three tranches, the first tranche of which, in the face amount of $45,500, funded and closed on December 7, 2018, before giving effect to certain transactional costs including legal fees yielding a net of $41,500. The Note carries an original issue discount of $12,000 (the "OID") prorated to each tranche, to cover the Holder's accounting fees, due diligence fees, monitoring, and other transactional costs incurred in connection with the negotiation, purchase and sale of the Note, which is included in the principal balance of this Note. For each tranche funded under the Note, the Company agreed to issue warrants having a 5-year term to purchase up to 227,500 shares of the Company's restricted common stock at an exercise price of $0.20 per share with a cashless exercise option. The warrants are subject to adjustment in certain events such as forward or reverse stock splits or if subsequent financings are at terms that are more favorable to persons in subsequent issuances of securities.The Note agreements give the Holder, after the 180th calendar day after the issue date, the right to convert all or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of this Note due into fully paid and non-assessable shares of Common Stock at 50% multiplied by the lowest trading Price for the Common Stock during the twenty (20) Trading Day period prior to the Conversion Date. Each tranche of the Note funded accrues interest at 12% per year. The maturity date for each tranche funded shall be twelve (12) months from the effective date of each payment (each a "Maturity Date"), and is the date upon which the principal sum of each respective tranche, as well as any accrued and unpaid interest and other fees relating to that respective tranche, shall be due and payable. This Company may prepay any amount outstanding under each tranche of this Note, during the initial 60 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61st through 120 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 135% multiplied the amount that the Company is prepaying. Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 121st through 180 calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 145% multiplied the amount that the Company is prepaying. The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche of this Note. Any amount of principal or interest due pursuant to this Note, which is not paid by the Maturity Date, shall bear interest at the rate of the lesser of (i) fifteen percent (15%) per annum or (ii) the maximum amount permitted by law from the due date thereof until the same is paid ("Default Interest"). Interest shall commence accruing on the date that each tranche of the Note is fully paid and shall be computed on the basis of a 365-day year and the actual number of days elapsed. Net proceeds obtained in this transaction will be used for general corporate and working capital purposes. No assurance can be given that any other tranche of the Note will be funded or that any amount due there under will be prepaid. No broker-dealer or placement agent was retained or involved in this transaction. The aggregate relative fair value of the warrant was determined to be $7,880 on December 6, 2018, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5.0 year. The Company accounted for the conversion feature, which was recorded as a derivative valued at $74,970, of which $42,850 was expensed immediately to interest expense. $74,970 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 225%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.00 year. The aggregate value of the original debt discount, warrant and conversion feature of $45,500 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note. On June 5, 2019, we paid an additional $5,000 for an extension and in exchange the Holder agreed not to convert the Note into common stock until July 6, 2019. The $5,000 paid in exchange for not converting was treated as a modification of existing debt pursuant to the guidance of ASC 470-50 "Debt - Modifications and Extinguishments" ("ASC 470-50"). As of June 30, 2019, $45,500 in principal was outstanding under this Note.
[3] On December 19, 2018, Foothills Exploration, Inc. (the "Company"), entered into a convertible loan transaction with an unaffiliated investor ("Holder") in the principal amount of $58,300 (the "Note"), which funded and closed on December 21, 2018, before giving effect to certain transactional costs including legal fees yielding a net of $53,000. The Note carries an original issue discount of $5,300 (the "OID"), to cover the Holder's accounting fees, due diligence fees, monitoring, and/or other transactional costs incurred in connection with the negotiation, purchase and sale of the Note, which is included in the principal balance of this Note. The Note agreements give the Holder, after the 180th calendar day after the issue date, the right to convert all or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of this Note due into fully paid and non-assessable shares of Common Stock at the Conversion Price, which is equal the lesser of (i) 60% multiplied by the lowest trading price during the previous twenty-five (25) trading days before the issue date of this Note or (ii) 60% multiplied by the lowest trading price for the common stock during the twenty-five (25) trading day period ending on the latest complete trading day prior to the conversion date. The Note accrues interest at 10% per year. The maturity date for the Note is September 19, 2019 ("Maturity Date"), and is the date upon which the principal sum, as well as any accrued and unpaid interest, shall be due and payable. This Company may prepay any amount outstanding under this Note, during the initial 60 calendar day period after the issuance of this Note, by making a payment to the Holder of an amount in cash equal to 125% multiplied the amount that the Company is prepaying. Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 61st through 120th calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 135% multiplied the amount that the Company is prepaying. Notwithstanding anything to the contrary contained in this Note, the Company may prepay any amount outstanding under each tranche of this Note, during the 121st through 180th calendar day period after the issuance of the respective tranche of this Note, by making a payment to the Holder of an amount in cash equal to 140% multiplied the amount that the Company is prepaying. The Company may not prepay any amount outstanding under each tranche of this Note after the 180th calendar day after the issuance of the respective tranche of this Note. Any amount of principal or interest due pursuant to this Note, which is not paid by the Maturity Date, shall bear interest at the rate of the lesser of (i) eighteen percent (18%) per annum or (ii) the maximum amount permitted by law from the due date thereof until the same is paid ("Default Interest"). Interest shall commence accruing on the date that each tranche of the Note is fully paid and shall be computed on the basis of a 360-day year and the actual number of days elapsed. Net proceeds obtained in this transaction will be used for general corporate and working capital purposes. No broker-dealer or placement agent was retained or involved in this transaction. The Company accounted for the conversion feature, which was recorded as a derivative valued at $102,942, of which $52,942 was expensed immediately to interest expense. $102,942 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 228%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.75 year. The fair value of the conversion feature of $50,000 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note. On June 24, 2019, we increased the principal balance by 10% in the amount of $5,830 and in exchange the noteholder agreed not to convert the Note into common stock until July 21, 2019. The $5,830 in exchange for not converting was treated as an extinguishment of existing debt pursuant to the guidance of ASC 470-50 "Debt - Modifications and Extinguishments" ("ASC 470-50"). As of June 30, 2019, $64,130 was outstanding under this Note.
[4] On March 4, 2019, the Company closed on a loan transaction with FirstFire Global Opportunities Fund, LLC, ("FirstFire") pursuant to which the Company issued FirstFire a senior secured convertible promissory note ("FirstFire Note") in the principal amount of $705,882, and received proceeds of $592,500, with original discount of $113,382. As part of this transaction the Company issued (i) warrants having an 18-month term, to purchase 1,125,000 shares of the Company's common stock at an exercise price of $0.50 per share, with a cashless exercise feature. The exercise price subject to adjustment if the Company at any time while this Warrant is outstanding, shall sell or grant any option to purchase, or sell or grant any right to reprice, or otherwise dispose of or issue (or announce any offer, sale, grant or any option to purchase or other disposition) any common stock or securities entitling any person or entity to acquire shares of Common Stock (upon conversion, exercise or otherwise) (including but not limited to under the FirstFire Note), at an effective price per share less than the then Exercise Price. The exercise price shall be reduced to equal the effective price, and the number of warrant shares issuable hereunder shall be calculated by the original total number of warrant shares multiplied by the initial exercise price divided by the effective price. As the result, the exercise price of the warrants was reset to the lesser of (i) $0.50 or (ii) 50% multiplied by the lowest trading price during the previous twenty (20) trading days prior to the exercise price upon issuance. The FirstFire Note accrues interest of 10% per annum, and matures on September 1, 2019, which is the date upon which the principal sum, the original issue discount, as well as any accrued and unpaid interest and other fees, shall be due and payable. The Company agreed to make payments of $20,000 per month pursuant to a cash management agreement as described in the note agreements. The FirstFire Note is collateralized by the GRB Assets, which principally are being acquired by the Company with the net proceeds of this Note. FirstFire has the right to convert all or any part of the outstanding and unpaid principal amount and accrued and unpaid interest of this Note due into fully paid and non-assessable shares of common stock at the conversion price which equal the lesser of (i) $0.50 or (ii) 50% multiplied by the lowest trading price during the previous twenty (20) trading days prior to the conversion date. The aggregate relative fair value of the warrant was determined to be $3,553,635 on March 4, 2019, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 248%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1.5 year. The fair value of the warrant of $273,735 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the FirstFire Note or in full upon the conversion of the FirstFire Note. The conversion feature was recorded as a derivative valued at $4,135,070, of which $3,816,305 was expensed immediately to interest expense. $4,135,070 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 248%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 0.50 year. The fair value of the conversion feature of $318,765 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the FirstFire Note or in full upon the conversion of the FirstFire Note. During the six months ended June 30, 2019, we paid $80,000 towards the principal of the FirstFire Note. As of June 30, 2019, $625,882 was outstanding under the FirstFire Note.
[5] On May 15, 2019, the Company closed on a loan transaction with Odyssey Capital Funding, LLC (?Odyssey?), pursuant to which the Company issued Odyssey a convertible redeemable promissory note (?Odyssey Note?) in the principal amount of $131,250, and received proceeds of $125,000, before giving effect to certain transactional costs. The Odyssey Note accrues interest of 12% per annum, and matures on May 15, 2020. Odyssey is entitled, at its option, at any time after the 180th daily anniversary of the Odyssey Note, to convert all or any amount of the principal face amount of the Odyssey Note then outstanding into shares of the Company?s common stock at a price for each share of common stock equal to 55% of the lowest trading price of the common stock for the twenty (20) prior trading days including the day upon which a notice of conversion is received by the Company.   The conversion feature was recorded as a derivative valued at $230,389, of which $105,389 was expensed immediately to interest expense. $230,389 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 254%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1 year. The fair value of the conversion feature of $125,000 and original debt discount of $6,250 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Odyssey Note or in full upon the conversion of the Odyssey Note.
[6] On May 29, 2019, the Company closed on a convertible loan transaction with third party in the principal amount of $57,000, and received proceeds of $55,000 with an original issue discount of $2,000 (the ?Note?). The Note accrues interest of 10% per annum, and matures on May 29, 2020. The conversion feature was recorded as a derivative valued at $88,261, of which $33,261 was expensed immediately to interest expense. $88,261 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 253%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1 year. The fair value of the conversion feature of $55,000 and original debt discount of $2,000 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note. The exercise price of this Note was adjusted to 75% of the conversion price of the GW Note dated May 31, 2019. We measured the value of the effect of the down round feature as the difference between the fair value of the financial instrument at an original exercise price and an adjusted exercise price and, as a result, $45,638 was recorded as down round feature as interest expense under ASC 260-10-30-1. Foothills determined the amount of $45,638 using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 253%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 3 years.
[7] On May 31, 2019, the Company closed on a convertible loan transaction with GW Holdings Group, LLC (?GW?) in the principal amount of $86,625 with an original issue discount of $11,625, before giving effect to certain transactional costs including legal fees yielding a net of $75,000 (the ?Note?). The maturity date for this Note is May 31, 2020 (?Maturity Date?). GW is entitled, at its option, at any time after the 180th daily anniversary of the Note, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company?s common stock at a price equal to 50% of the lowest trading price of the common stock for the twenty (20) prior trading days including the day upon which a notice of conversion is received, As part of this transaction the Company also issued warrants having a five-year term to purchase 160,000 shares of the Company?s restricted common stock at an exercise price of $0.50 per share with a cashless exercise feature. The aggregate relative fair value of the warrants was determined to be $159,495 on May 31, 2019, using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 253%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 5 years. The fair value of the warrant of $38,775 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note. The conversion feature was recorded as a derivative valued at $148,885, of which $112,660 was expensed immediately to interest expense. $148,885 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 253%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1 year. The fair value of the conversion feature of $36,225 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note.
[8] On May 31, 2019, the Company closed on a convertible loan transaction with third party in the principal amount of $60,000, and received proceeds of $50,000 with an original issue discount of $10,000 (the ?Note?). This Note accrues interest of 10% per annum, and matures on May 31, 2020. This Note is convertible into shares of the Company?s common stock at a price equal to 55% of the lowest trading price of the common stock for the twenty-five (25) prior trading days including the day upon which a notice of conversion is received, The conversion feature was recorded as a derivative valued at $92,904, of which $42,904 was expensed immediately to interest expense. $92,904 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 253%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1 year. The fair value of the conversion feature of $50,000 and original debt discount of $10,000 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note.
[9] On June 4, 2019, the Company closed on a convertible loan transaction with third party in the principal amount of $46,200, and received proceeds of $40,000 with an original issue discount of $6,200 (the ?Note?). This Note accrues interest of 8% per annum, and matures on June 4, 2020. This Note is convertible into shares of the Company?s common stock at a price equal to 60% of the lowest trading price of the common stock for the twenty (20) prior trading days including the day upon which a notice of conversion is received. The conversion feature was recorded as a derivative valued at $73,627, of which $33,627 was expensed immediately to interest expense. $73,627 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 253%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1 year. The fair value of the conversion feature of $40,000 and original debt discount of $6,200 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note.
[10] On June 19, 2019, the Company closed on a convertible loan transaction with an unaffiliated lending entity (?Holder?) in the principal amount of $113,000, before giving effect to certain transactional costs including legal fees yielding a net of $113,000 (the ?Note?). The maturity date for this Note is June 17, 2020. The Holder is entitled, at its option, at any time after the 180th daily anniversary of the Note, to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company?s common stock at a price for each share of common stock equal to 61% of the lowest trading price of the common stock for the twenty (20) prior trading days including the day upon which a notice of conversion is received. The conversion feature was recorded as a derivative valued at $274,884, of which $164,884 was expensed immediately to interest expense. $274,884 was determined using the Black-Scholes option-pricing model based on the following assumptions: (i) volatility rate of 274%, (ii) discount rate of 0%, (iii) zero expected dividend yield, and (iv) expected life of 1 year. The fair value of the conversion feature of $110,000 and original debt discount of $3,000 was considered as debt discount upon issuance and is being amortized to interest expense over the term of the Note or in full upon the conversion of the Note.