Note 13 - Subsequent Events (Details) - Convertible Debt [Member] - USD ($) |
Apr. 11, 2016 |
Mar. 18, 2016 |
Feb. 29, 2016 |
|---|---|---|---|
| Old Main 10% Notes [Member] | Subsequent Event [Member] | |||
| Note 13 - Subsequent Events (Details) [Line Items] | |||
| Debt Instrument, Subscription Amount | $ 500,000 | ||
| Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ||
| Debt Instrument, Description | The purchase will occur, at the Company’s option, in up to five tranches, with the first tranche of $200,000 being purchased on March 18, 2016; the second tranche of $50,000 being purchased on the first Friday, which is a trading day after the date (the “Filing Date”) that a registration statement (the “Registration Statement”) registering shares of common stock of the Company issuable upon conversion or repayment of the 10% Notes, is filed with the SEC; the third tranche of $50,000 being purchased on the first Friday, which is a trading day at least three (3) trading days after the Company receives initial comments from the SEC on the Registration Statement, or the date that the Company is notified by the SEC that the Registration Statement will not be reviewed; the fourth tranche of $100,000 being purchased on the first Friday, which is a trading day at least three trading days after of the date that the Registration Statement is declared effective by the SEC (the “SEC Effective Date”); and the fifth Tranche of $100,000 being purchased on the first Friday, which is a trading day after the thirty (30) day anniversary of the SEC Effective Date. | ||
| Debt Instrument, Payment Terms | At the earlier of September 18, 2016 or two (2) trading days after the SEC Effective Date, the Company must begin to redeem 1/24th of the face amount of the Notes and any accrued but unpaid interest on a bi-weekly basis. Such amortization payment may be made, at the option of the Company, in cash or, subject to certain conditions, in common stock of the Company pursuant to a conversion rate equal to the lower of (a) $0.80 (the “Fixed Conversion Price”) or (b) 75% of the lowest daily volume weighted average price of the common stock of (the “VWAP”) in the 20 consecutive trading days immediately prior to the applicable conversion date. At any time after the issue date of the Notes, the holder may convert the 10% Notes into shares of common stock of the Company at the holder’s option. The conversion price will be the Fixed Conversion Price. Subject to certain exclusions, if the Company sells or issues its common stock or certain common stock equivalents at an effective price per share that is lower than the Fixed Conversion Price, the conversion price will be reduced to equal to such lower price. | ||
| Old Main 10% Notes [Member] | Tranche 1 [Member] | Subsequent Event [Member] | |||
| Note 13 - Subsequent Events (Details) [Line Items] | |||
| Debt Instrument, Face Amount | $ 222,222 | ||
| Proceeds from Issuance of Debt | 200,000 | ||
| Old Main 8% Note [Member] | Subsequent Event [Member] | |||
| Note 13 - Subsequent Events (Details) [Line Items] | |||
| Debt Instrument, Face Amount | $ 200,000 | ||
| Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||
| Debt Instrument, Payment Terms | At the earlier of the six month anniversary of the Closing Date or two (2) trading days after the SEC Effective Date, the Company must begin to redeem 1/6th of the face amount of the 8% Note and any accrued but unpaid interest on a monthly basis. Such amortization payment may be made, at the option of the Company, in cash or, subject to certain conditions, in common stock of the Company pursuant to a conversion rate equal to the lower of (a) $1.07 (the “8% Note Fixed Conversion Price”) or (b) 75% of the lowest VWAP in the twenty (20) consecutive trading days ending on the trading day that is immediately prior to the applicable conversion date. | ||
| Koretsky and Binder Convertible Notes 2 [Member] | Chief Executive Officer and Director [Member] | |||
| Note 13 - Subsequent Events (Details) [Line Items] | |||
| Debt Instrument, Interest Rate, Stated Percentage | 6.00% | ||
| Koretsky and Binder Convertible Notes 2 [Member] | Chief Executive Officer and Director [Member] | Subsequent Event [Member] | |||
| Note 13 - Subsequent Events (Details) [Line Items] | |||
| Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ||
| Debt Instrument, Payment Terms | No payments are required until April 1, 2017, at which time all accrued interest becomes due and payable. Principal will be paid in eight equal quarterly installments, together with accrued interest, beginning on July 1, 2017 | ||
| Debt Instrument, Convertible, Terms of Conversion Feature | At the note holder’s election, at any time prior to payment or prepayment of the loans in full, all principal and accrued interest under the loans may be converted, in whole or in part, into the Company’s securities. Upon such an election, the holder will receive one “Unit” for each $1.07 converted, with each Unit consisting of one (1) share of common stock and a five-year warrant to purchase (1) share of common stock at a price of $1.07 per share. | ||
| Maximum [Member] | Old Main 10% Notes [Member] | Subsequent Event [Member] | |||
| Note 13 - Subsequent Events (Details) [Line Items] | |||
| Debt Instrument, Face Amount | $ 555,555 |