Annual report pursuant to Section 13 and 15(d)

Convertible Notes Payable - Schedule of Convertible Notes Payable (Details)

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Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Convertible Notes Payable [Line Items]    
Convertible Notes Payable, Total $ 725,000  
Current portion of convertible notes payable 3,000,000
Convertible notes payable, less current portion 212,256 3,678,064
6% Convertible Notes Payable Due June 2018 [Member]    
Convertible Notes Payable [Line Items]    
Convertible Notes Payable, Total [1] 3,000,000 3,000,000
Convertible Notes Payable Due March 2019 [Member]    
Convertible Notes Payable [Line Items]    
Convertible Notes Payable, Total [2] 200,000 250,000
Premium (Discount) on Above Convertible Note [Member]    
Convertible Notes Payable [Line Items]    
Convertible Notes Payable, Total 12,256 (46,936)
8% Convertible Notes Payable due March 2019 [Member]    
Convertible Notes Payable [Line Items]    
Convertible Notes Payable, Total [2] 475,000
Convertible Notes Payable [Member]    
Convertible Notes Payable [Line Items]    
Convertible Notes Payable, Total 3,212,256 3,678,064
Current portion of convertible notes payable 3,000,000
Convertible notes payable, less current portion $ 212,256 $ 3,678,064
[1] On August 2, 2013, the Company entered into an agreement with seven individual accredited investors, whereby the Company issued separate 6% Secured Subordinate Convertible Notes for a total of $3,000,000 in a private offering and is collateralized by the assets of the Hooters Nottingham restaurant and a subordinate position to all other assets of the Company. In connection with the Company's agreement to conduct capital raise in 2016, the lenders agreed to waive certain existing defaults and extended the original note maturity by eighteen months from December 31, 2016 to June 30, 2018. The Note holders shall receive 10%, pro rata, of the net profit of the Nottingham, England Hooters restaurant, paid quarterly, and 10% of the net proceeds should the location be sold.
[2] Pursuant to exchange agreements dated and effective March 10, 2017 by and between the Company and four existing note holders, the Company exchanged its 8% convertible notes in the aggregate principal amount of $725,000, which notes were in default, for new two-year 2% notes, in the aggregate principal amount of $820,107, representing $725,000 in principal and $95,107 unpaid accrued interest. The original convertible notes were canceled and new convertible notes issued that may be converted to common stock of the Company, at the option of the holder, at a conversion price of $3.00 per share. The notes have a two-year term, but may be called by the holder after the one-year anniversary of the exchange date. During March 2017, subsequent to the exchange agreements, convertible notes in the amount of $150,000 were converted by the holders into 50,000 shares of common stock. During April and May 2017, convertible notes in the amount of $475,000, plus related accrued interest balances, were converted by the holders into 187,798 shares of common stock. The exchange of the convertible notes was accounting for as an extinguishment of the previous debt, resulting in the recognition of a net loss on extinguishment of $362,822 in the accompanying condensed consolidated financial statements, which was recorded during March 2017. In addition, the lenders of the $3 million 6% convertible debt agreed to waive defaults and extend the note maturity by eighteen months to December 2018.