XML 44 R31.htm IDEA: XBRL DOCUMENT v3.20.2
Convertible Promissory Notes and Loans (Details)
 1 Months Ended 9 Months Ended 12 Months Ended
May 06, 2020
USD ($)
$ / shares
shares
May 31, 2020
USD ($)
May 08, 2020
USD ($)
Feb. 29, 2020
USD ($)
$ / shares
shares
Feb. 29, 2020
USD ($)
$ / shares
shares
Jan. 31, 2020
USD ($)
shares
Oct. 31, 2019
Sep. 30, 2019
USD ($)
Aug. 31, 2019
USD ($)
Employees
$ / shares
shares
Jul. 31, 2019
USD ($)
$ / shares
Mar. 31, 2018
USD ($)
Sep. 30, 2020
USD ($)
$ / shares
Sep. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
May 07, 2020
shares
Apr. 30, 2020
USD ($)
Jun. 30, 2018
USD ($)
$ / shares
May 24, 2018
USD ($)
$ / shares
Convertible Promissory Notes (Textual)                                      
Proceeds from convertible notes                       $ (56,945) $ (2,061,500)            
Aggregate amount                       100,000              
Amount received                       3,720,500              
Principal amount                       $ 100,000            
Accrued interest and fees                             $ 2,422        
Forgivable advance                                 $ 10,000    
Proceeds from issuance of notes   $ 30,000                                  
Convertible Promissory Note [Member]                                      
Convertible Promissory Notes (Textual)                                      
Conversion price | $ / shares                 $ 1.00 $ 0.10   $ 1.50              
Amount received                       $ 100,000              
Issuance of convertible promissory notes                       $ 1,000,000              
Principal amount                 $ 1,994,500 $ 100,000       $ 1,625,000          
Bear interest rate                       10.00%              
Maturity date                       Oct. 14, 2020              
Restricted shares of common stock | shares                 2,119,525                    
Conversion price, description                       (i) $1.50, and (ii) 50% multiplied by the lowest trading price for the Common Stock during the twenty-five (25) trading day period ending on the latest complete trading day prior to the conversion date (representing a discount rate of 50%). Notwithstanding anything contained in the Auctus Note to the contrary, prior to the occurrence of an Event of Default, the Conversion Price shall not be less than $1.50 per share (the "Floor Price"). The Floor Price is subject to adjustment at the six (6) and nine (9) month anniversary of the Issuance Date. In the event that the Floor Price as of such dates is less than 70% multiplied by the volume weighted average price (VWAP) of the Common Stock during the five (5) trading day period immediately prior to such dates, the Floor Price is adjusted to such lesser amount.              
Issuance date, description                       (i) use its best efforts to file with the Commission the Registration Statement within ninety (90) days of the Issuance Date; and (ii) have the Registration Statement declared effective by the Commission within one hundred fifty (150) days of the Issuance Date.              
Accredited investors | Employees                 59                    
Accrued interest and fees                 $ 124,997 $ 1,000,000                  
Refunded to note investor               $ 26,000                      
Convertible Promissory Note [Member] | Minimum [Member]                                      
Convertible Promissory Notes (Textual)                                      
Accrued interest, percentage                       125.00%              
Convertible Promissory Note [Member] | Maximum [Member]                                      
Convertible Promissory Notes (Textual)                                      
Accrued interest, percentage                       150.00%              
Convertible Promissory Note [Member]                                      
Convertible Promissory Notes (Textual)                                      
Conversion price | $ / shares                 $ 0.10                    
Principal amount                 $ 21,000                    
Convertible shares of common stock | shares                 210,000                    
Private Placement [Member]                                      
Convertible Promissory Notes (Textual)                                      
Conversion price | $ / shares                       $ 1.00             $ 1.50
Aggregate amount       $ 5,000,000 $ 5,000,000             $ 3,995,500             $ 15,000,000
Accrued interest, percentage       8.00% 8.00%                            
Amount received                             $ 3,495,500        
Bear interest rate                                     8.00%
Auctus Fund, LLC [Member]                                      
Convertible Promissory Notes (Textual)                                      
Aggregate amount       $ 138,998 $ 138,998 $ 21,305                          
Warrant purchase, description     The exercise price of the Amended First Warrants from $1.50 per share to $1.00 per share, and to reduce the exercise price of the Second Warrants from $3.75 to $2.50 per share.                                
Conversion price, description   Auctus Fund LLC exercised 50,000 warrants at $1.00 per share, resulting in total proceeds to the Company of $50,000.   The Auctus Fund LLC exercised 167,000 warrants at $1.50 per share, resulting in total proceeds to the Company of $250,500.               Auctus Fund LLC exercised 183,000 warrants at $1.00 per share, resulting in total proceeds to the Company of $183,000.              
Convertible shares of common stock | shares       100,000 100,000 20,000                          
Accrued interest and fees amount     $ 462,691 $ 11,002 $ 11,002 $ 8,695                          
Conversion of remaining principal balance       $ 339,698 $ 339,698 478,695                          
Exercise price | $ / shares       $ 2.75 $ 2.75                            
Warrants per share | $ / shares       $ 1.50 $ 1.50                            
Proceeds from issuance of notes         $ 150,000 $ 30,000                          
Board [Member]                                      
Convertible Promissory Notes (Textual)                                      
Conversion price | $ / shares                                   $ 0.10  
Convertible notes, issued                                   $ 500,000  
Proceeds from convertible notes                     $ 225,000                
Oasis Equity Purchase Agreement [Member]                                      
Convertible Promissory Notes (Textual)                                      
Proceeds from convertible notes $ 10,000,000                                    
Amount received $ 500,000                                    
Conversion price, description The price of each put share shall be equal to ninety percent (90%) of the Market Price (as defined in the Equity Purchase Agreement). Puts may be delivered by the Company to Oasis until the earlier of (i) the date on which Oasis has purchased an aggregate of $10,000,000 worth of Common Stock under the terms of the Equity Purchase Agreement; (ii) April 26, 2023; or (iii) written notice of termination delivered by the Company to Oasis, subject to certain equity conditions set forth in the Equity Purchase Agreement                                    
Agreement description The maximum amount that the Company shall be entitled to put to Oasis in each put notice shall not exceed the lesser of $500,000 or two hundred and fifty percent (250%) of the average daily trading volume of the Company’s Common Stock during the ten (10) trading days preceding the put notice                                    
Commitment Shares | shares 133,334                                    
Unsecured promissory note $ 218,371                                    
Oasis Securities Purchase Agreement [Abstract]                                      
Convertible Promissory Notes (Textual)                                      
Proceeds from convertible notes 500,000                                    
Aggregate amount $ 563,055                                    
Restricted shares of common stock | shares 187,685                                    
Conversion price, description The conversion price (the “Conversion Price”) per share shall be (i) $1.50 during the six month period immediately following the Issuance Date, and (ii) after the six month period immediately following the Issue Date, the lower of: (a) $1.50, and (b) 70% multiplied by the lowest volume weighted average price for the Common Stock during the twenty-five (25) trading day period ending on the latest complete trading day prior to the conversion date (representing a discount rate of 30%).                                    
Exercise price | $ / shares $ 1.50                                    
Share price at par value | $ / shares $ 0.0001                                    
Penalty interest rate description The Note accrues interest at a rate of eight percent (8%) per annum and matures on the nine (9) months anniversary of the Issuance Date (the “Maturity Date”). In the event that the Company prepays the Note, the Company shall pay all of the principal and interest, together with a prepayment penalty ranging from 105% to 135% depending upon the date of such prepayment.                                    
Inducement Shares | shares                               37,537      
Securities Purchase Agreement [Member]                                      
Convertible Promissory Notes (Textual)                                      
Warrant purchase, description             The Company entered into a Securities Purchase Agreement (the "SPA"), dated October 14, 2019 and effective October 16, 2019 (the "Issuance Date"), by and between the Company and Auctus Fund, LLC, a Delaware limited liability company ("Auctus"), pursuant to which Auctus purchased from the Company, for a purchase price of $500,000 (the "Purchase Price"): (i) a Convertible Promissory Note in the principal amount of $500,000.00 (the "Auctus Note"); (ii) a common stock purchase warrant permitting Auctus to purchase up to 500,000 shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), at an exercise price of $2.75 per share (the "First Warrant"); (iii) a common stock purchase warrant permitting Auctus to purchase up to 350,000 shares of the Company's Common Stock at an exercise price of $3.75 per share (the "Second Warrant"); and (iv) a common stock purchase warrant permitting Auctus to purchase up to 275,000 shares of the Company's Common Stock at an exercise price of $4.75 per share (the "Third Warrant" and together with the First Warrant and the Second Warrant, the "Warrants", and together with the Note, the "Securities").