Processa Pharmaceuticals, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Notes Payable Disclosure (Details)

Notes Payable Disclosure (Details) (USD $)	12 Months Ended		1 Months Ended		6 Months Ended	1 Months Ended
Notes Payable Disclosure (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Aug. 30, 2013	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2012	Dec. 11, 2013	Feb. 28, 2014	Jan. 06, 2014	Mar. 01, 2014	Oct. 09, 2014	Dec. 11, 2014	May 31, 2013	Apr. 15, 2011
Loss on extinguishment of debt	$ 822,205
Lin of credit	229,980us-gaap_LineOfCredit				229,980us-gaap_LineOfCredit
Repayment of senior secured notes payable		250,018us-gaap_RepaymentsOfSecuredDebt
Repayment of senior subordinated notes payable	500,000us-gaap_RepaymentsOfSeniorDebt	500,000us-gaap_RepaymentsOfSeniorDebt
Loan Payable Due
Total amount of notes outstanding							142,290
Note interest rate							2.60%
Loan payable due - purchase of truck
Loan payable assumed			83,507
Loan payable due - purchase of equipment
Loan payable assumed				49,204
Senior unsecured Notes Payable
Total amount of notes outstanding								90,000
Note interest rate								12.00%
Amount of debt converted for equity	90,000
Amount of interest converted for equity	1,332
Notes and warrants
Total amount of notes outstanding									850,000
Note interest rate										12.00%
Amount of debt converted for equity	500,000
Amount of interest converted for equity	7,397
Offering amount of notes and warrants										1,000,000
Amortization of discount on notes payable					100,999
Notes and warrants(2)
Total amount of notes outstanding	1,299,003				1,299,003
Note interest rate											12.00%
Amount of debt converted for equity	1,229,003
Amount of interest converted for equity	21,758
Offering amount of notes and warrants											3,000,000
Amortization of discount on notes payable					52,618
Discount on notes payable	207,014				207,014
Short-term unsecured debt
Total amount of notes outstanding												75,000
Note interest rate												12.00%
Amount of debt converted for equity	75,000
Amount of interest converted for equity	2,047
Short-term unsecured debt(2)
Total amount of notes outstanding	20,000				20,000								20,000
Note interest rate													12.00%
Revolving line of credit
Lin of credit	229,980				229,980
Interest payable	7,079				7,079
Secured Notes Payable
Total amount of notes outstanding														1,000,000
Note interest rate								12.00%						12.00%
Interest payable	4,641				4,641
Notes payable assumed						160,000
Amount of debt retired		749,982				749,982
Senior Subordinated Note Payable
Total amount of notes outstanding															$ 1,000,000
Note interest rate															6.00%