|3 Months Ended|
Mar. 31, 2016
|Related-Party Transactions [Abstract]|
12. RELATED-PARTY TRANSACTIONS
Convertible Notes Receivable
See footnote 4 for a discussion of related party convertible notes receivable.
The Company has a demand promissory note with Neurotrophics, which is due 365 days upon demand of the holder. At the option of the Company, the note and the accrued interest owed can be repaid by issuing shares of its common stock based on the closing price of the Company’s common stock on the day of the conversion. The conversion price if converted on March 31, 2016 would be $0.05 related to the note and accrued interest on the note and would convert to approximately 5.2 million shares.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef