H. REDEEMABLE PREFERRED STOCK (Details Narrative) - USD ($) |
12 Months Ended | |
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Dec. 31, 2015 |
Dec. 31, 2014 |
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Redeemable preferred stock reclassified from temporary equity to permanent equity | $ 1,322,112 | |
Series A Preferred Stock [Member] | ||
Charge to additional paid in capital for amortization of discount and costs | $ 64,207 | |
Accrued dividends | 36,707 | 74,026 |
Cumulative accrued dividends | 452,886 | 378,859 |
Liquidation preference | 1,377,886 | |
Series B Preferred Stock [Member] | ||
Charge to additional paid in capital for amortization of discount and costs | 25,942 | |
Accrued dividends | 10,921 | 22,025 |
Cumulative accrued dividends | 119,055 | 97,030 |
Liquidation preference | $ 394,055 | $ 372,030 |
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- Definition Reclassification from temporary equity to permanent equity, value No definition available.
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- Definition Amount of other increase (decrease) in additional paid in capital (APIC). No definition available.
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- Definition Amount of cumulative cash dividends distributed to shareholders. No definition available.
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- Definition Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. 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 Value of the difference between preference in liquidation and the par or stated values of the preferred shares. No definition available.
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