v3.19.2

Subsequent Event | 6 Months Ended
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Jun. 30, 2019
Subsequent Events [Abstract] |
Subsequent Event | NOTE 22. Subsequent Event On July 9, 2019, Cool Holdings Inc. (the “Company”) closed a private placement of $350,000 of 12% unsecured convertible notes (the “Notes”). The Notes mature 12 months from the date of issuance. The proceeds from the private placement were used entirely to fund the Company’s pending acquisition of Simply Mac referred to in Note 21. The Company intends to seek shareholder and regulatory approvals needed to enable the Notes, as well as the majority of other outstanding notes payable, and unpaid accrued interest to be converted into shares of the Company’s common stock (the “Equity Securities”) at a price that is 20% below the 5-day average closing price immediately prior to the date on which such approval is obtained (the “Approval Date”). Upon receipt of the required approvals, the principal and unpaid accrued interest of the Notes may be converted at the election of the holders at any time after the Approval Date.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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