XML 447 R42.htm IDEA: XBRL DOCUMENT
v3.20.4

Convertible Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Debt Disclosure [Abstract] |
Schedule of Convertible Debt and Related Debt Components | Convertible debt and the related debt components for the year ended December 31, 2018 are summarized as follows:
|  | 8% Promissory Notes |  |  | 10% Convertible Debentures |  |  | 10% OID Convertible Debentures |  |  | 12% Convertible Debentures |  |  | Total Convertible Debt and Debt Components |
Principal amount of debt |  | $ | 1,126,112 |  |  | $ | 4,775,000 |  |  | $ | 3,500,000 |  |  | $ | 9,540,000 |  |  | $ | 18,941,112 |
Less: original issue discount |  |  | (111,112 | ) |  |  | - |  |  |  | (175,000 | ) |  |  | - |  |  |  | (286,112 | )
Less: issuance costs |  |  | (15,000 | ) |  |  | - |  |  |  | (40,000 | ) |  |  | (590,000 | ) |  |  | (645,000 | )
Net cash proceeds received |  | $ | 1,000,000 |  |  | $ | 4,775,000 |  |  | $ | 3,285,000 |  |  | $ | 8,950,000 |  |  | $ | 18,010,000 |
Principal amount of debt (excluding original issue discount) |  | $ | 1,015,000 |  |  | $ | 4,775,000 |  |  | $ | 3,325,000 |  |  | $ | 9,540,000 |  |  | $ | 18,655,000 |
Add: conversion of debt from 10% OID Convertible Debentures |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,551,528 |  |  |  | 3,551,528 |
Add: accrued interest |  |  | 20,986 |  |  |  | 69,920 |  |  |  | 28,009 |  |  |  | 82,913 |  |  |  | 201,828 |
Principal amount of debt including accrued interest |  |  | 1,035,986 |  |  |  | 4,844,920 |  |  |  | 3,353,009 |  |  |  | 13,174,441 |  |  |  | 22,408,356 |
Debt discount: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocated warrant derivative liabilities for B. Riley Warrants |  |  | - |  |  |  | - |  |  |  | (382,725 | ) |  |  | - |  |  |  | (382,725 | )
Allocated warrant derivative liabilities for L2 Warrants |  |  | (600,986 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (600,986 | )
Allocated embedded derivative liabilities |  |  | (159,601 | ) |  |  | (471,002 | ) |  |  | (49,000 | ) |  |  | (4,760,000 | ) |  |  | (5,439,603 | )
Liquidated Damages recognized upon issuance |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (706,944 | ) |  |  | (706,944 | )
Issuance costs |  |  | (15,000 | ) |  |  | - |  |  |  | (40,000 | ) |  |  | (590,000 | ) |  |  | (645,000 | )
Subtotal debt discount |  |  | (775,587 | ) |  |  | (471,002 | ) |  |  | (471,725 | ) |  |  | (6,056,944 | ) |  |  | (7,775,258 | )
Less: amortization of debt discount |  |  | 315,309 |  |  |  | 64,452 |  |  |  | 68,637 |  |  |  | 153,442 |  |  |  | 601,840 |
Less: write off unamortized debt discount upon extinguishment of debt |  |  | 460,278 |  |  |  | 406,550 |  |  |  | 403,088 |  |  |  | - |  |  |  | 1,269,916 |
Unamortized debt discount |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (5,903,502 | ) |  |  | (5,903,502 | )
Debt components: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accretion of original issue discount |  |  | 44,133 |  |  |  | - |  |  |  | 25,463 |  |  |  | - |  |  |  | 69,596 |
Loss on extinguishment of debt |  |  | 292,201 |  |  |  | 885,080 |  |  |  | 173,056 |  |  |  | - |  |  |  | 1,350,337 |
Conversion of debt to 12% Convertible Debentures |  |  | - |  |  |  | - |  |  |  | (3,551,528 | ) |  |  | - |  |  |  | (3,551,528 | )
Conversion of debt to Series H Preferred Stock |  |  | - |  |  |  | (5,730,000 | ) |  |  | - |  |  |  | - |  |  |  | (5,730,000 | )
Repayment of convertible debt |  |  | (1,372,320 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,372,320 | )
Total debt components |  |  | (1,035,986 | ) |  |  | (4,844,920 | ) |  |  | (3,353,009 | ) |  |  | - |  |  |  | (9,233,915 | )
Carrying amount at December 31, 2018 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 7,270,939 |  |  | $ | 7,270,939 |
Schedule of Interest Expense | Interest expense for the year ended December 31, 2018 is summarized as follows:
|  | 8% Promissory Notes |  |  | 10% Convertible Debentures |  |  | 10% OID Convertible Debentures |  |  | 12% Convertible Debentures |  |  | Total Interest Expense |
Accretion of original issue discount |  | $ | 44,133 |  |  | $ | - |  |  | $ | 25,463 |  |  | $ | - |  |  | $ | 69,596 |
Amortization of debt discount |  |  | 315,309 |  |  |  | 64,452 |  |  |  | 68,637 |  |  |  | 153,442 |  |  |  | 601,840 |
Loss on extinguishment of debt |  |  | 292,201 |  |  |  | 885,080 |  |  |  | 173,056 |  |  |  | - |  |  |  | 1,350,337 |
Gain on extinguishment of embedded derivative liabilities upon extinguishment of host instrument |  |  | (29,860 | ) |  |  | (1,042,000 | ) |  |  | (25,000 | ) |  |  | - |  |  |  | (1,096,860 | )
Write off unamortized debt discount upon extinguishment of debt |  |  | 460,278 |  |  |  | 406,550 |  |  |  | 403,088 |  |  |  | - |  |  |  | 1,269,916 |
Accrued interest |  |  | - |  |  |  | 69,920 |  |  |  | 28,009 |  |  |  | 82,913 |  |  |  | 180,842 |
Cash interest paid |  |  | 20,986 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 20,986 |
|  | $ | 1,103,047 |  |  | $ | 384,002 |  |  | $ | 673,253 |  |  | $ | 236,355 |  |  |  | 2,396,657 |
Accrued interest on Officer Promissory Notes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12,574 |
Other interest |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 99,643 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,508,874 |

X
- Definition Schedule of Interest Expense [Table Text Block] + References No definition available. + Details
Name: | MVEN_ScheduleOfInterestExpenseTableTextBlock
Namespace Prefix: | MVEN_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration