XML 65 R57.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Convertible Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Schedule of 12% Convertible Debentures | The following table represents the various financings of the 12% Convertible Debentures recognized during the year ended December 31, 2019 and carrying value as of December 31, 2019: Schedule of 12% Convertible Debentures
|  | Issuance Date |  |  | Total 12% |
|  | December 12, 2018 |  |  | March 18, 2019 |  |  | March 27, 2019 |  |  | April 8, 2019 |  |  | Convertible Debentures |
Principal amount of debt |  | $ | 9,540,000 |  |  | $ | 1,696,000 |  |  | $ | 318,000 |  |  | $ | 100,000 |  |  | $ | 11,654,000 |
Less issuance costs |  |  | (590,000 | ) |  |  | (96,000 | ) |  |  | (18,000 | ) |  |  | - |  |  |  | (704,000 | )
Net cash proceeds received |  | $ | 8,950,000 |  |  | $ | 1,600,000 |  |  | $ | 300,000 |  |  | $ | 100,000 |  |  | $ | 10,950,000 |
Principal amount of debt (excluding original issue discount) |  | $ | 9,540,000 |  |  | $ | 1,696,000 |  |  | $ | 318,000 |  |  | $ | 100,000 |  |  | $ | 11,654,000 |
Add conversion of debt from convertible debentures |  |  | 3,551,528 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,551,528 |
Add: accrued interest |  |  | 1,711,273 |  |  |  | 164,083 |  |  |  | 29,754 |  |  |  | 8,933 |  |  |  | 1,914,043 |
Principal amount of debt including accrued interest |  |  | 14,802,801 |  |  |  | 1,860,083 |  |  |  | 347,754 |  |  |  | 108,933 |  |  |  | 17,119,571 |
Debt discount: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocated embedded derivative liabilities |  |  | (4,760,000 | ) |  |  | (822,000 | ) |  |  | (188,000 | ) |  |  | (64,000 | ) |  |  | (5,834,000 | )
Liquidated Damages recognized upon issuance |  |  | (706,944 | ) |  |  | (67,200 | ) |  |  | (12,600 | ) |  |  | (4,200 | ) |  |  | (790,944 | )
Issuance costs |  |  | (590,000 | ) |  |  | (106,000 | ) |  |  | (18,000 | ) |  |  | - |  |  |  | (714,000 | )
Subtotal debt discount |  |  | (6,056,944 | ) |  |  | (995,200 | ) |  |  | (218,600 | ) |  |  | (68,200 | ) |  |  | (7,338,944 | )
Less amortization of debt discount |  |  | 2,927,248 |  |  |  | 414,465 |  |  |  | 89,422 |  |  |  | 27,200 |  |  |  | 3,458,335 |
Unamortized debt discount |  |  | (3,129,696 | ) |  |  | (580,735 | ) |  |  | (129,178 | ) |  |  | (41,000 | ) |  |  | (3,880,609 | )
Carrying value at December 31, 2019 |  |  | 11,673,105 |  |  |  | 1,279,348 |  |  |  | 218,576 |  |  |  | 67,933 |  |  |  | 13,238,962 |
Less current portion |  |  | (534,993 | ) |  |  | - |  |  |  | (206,204 | ) |  |  | - |  |  |  | (741,197 | )
Carry value at December 31, 2019, net of current portion |  | $ | 11,138,112 |  |  | $ | 1,279,348 |  |  | $ | 12,372 |  |  | $ | 67,933 |  |  | $ | 12,497,765 |
For additional information for the years ended December 31, 2020 and 2019 with respect to interest expense related to the 12% Convertible Debentures is provided in Note 19.
Series H Preferred Stock [Member] |
Schedule of Components of Preferred Stock | The following table represents the components of the Series H Preferred Stock for the year ended December 31, 2020 and as of December 31, 2019: Schedule of Components of Preferred Stock
|  | Shares |  |  | Series H Preferred Stock Components |
Series H Preferred Stock at December 31, 2019 |  |  | 19,400 |  |  | $ | 18,045,496 |
Issuance of Series H Preferred Stock on August 19, 2020: |  |  |  |  |  |  |  |
Issuance of Series H Preferred Stock |  |  | 108 |  |  |  | 130,896 |
Less issuance costs netted from the proceeds |  |  |  |  |  |  | (17,896 | )
Net proceeds received upon issuance of Series H Preferred Stock |  |  |  |  |  |  | 113,000 |
Conversion of Series H Preferred Stock into common stock on September 21, 2020 |  |  | (300 | ) |  |  | (300,000 | )
Issuance of Series H Preferred Stock upon conversion of promissory note on November 13, 2020 |  |  | 389 |  |  |  | 389,000 |
Net issuance of Series H Preferred Stock |  |  | 197 |  |  |  | 202,000 |
Series H Preferred Stock at December 31, 2020 |  |  | 19,597 |  |  | $ | 18,247,496 |
Beneficial conversion feature recognized during the year ended December 31, 2020 (as described below) upon issuance of Series H Preferred Stock |  |  |  |  |  | $ | 502,000 |
Series l Preferred Stock [Member] |
Schedule of Components of Preferred Stock | The following table represents the components of the Series I Preferred Stock for the years ended December 31, 2020 and 2019: Schedule of Components of Preferred Stock
|  | Shares |  |  | Series I Preferred Stock Components |
Issuance of Series I Preferred Stock on June 28, 2019 |  |  | 23,100 |  |  | $ | 23,100,000 |
Less issuance costs: |  |  |  |  |  |  |  |
Cash paid to B. Riley FBR as placement fee |  |  |  |  |  |  | (1,386,000 | )
Legal fees and other costs |  |  |  |  |  |  | (73,858 | )
Total issuance costs |  |  |  |  |  |  | (1,459,858 | )
Less Liquidated Damages recognized upon issuance |  |  |  |  |  |  | (1,940,400 | )
Total issuance costs and Liquidated Damages |  |  |  |  |  |  | (3,400,258 | )
Net issuance of Series I Preferred Stock at December 31, 2019 |  |  | 23,100 |  |  |  | 19,699,742 |
Conversion of Series I Preferred Stock to common stock on December 18, 2020 |  |  | (23,100 | ) |  |  | (19,699,742 | )
Series I Preferred Stock at December 31, 2020 |  |  | - |  |  | $ | - |
Beneficial conversion feature recognized during the year ended December 31, 2020 (as described below) upon conversion of Series I Preferred Stock |  |  |  |  |  | $ | 5,082,000 |
Series J Preferred Stock [Member] |
Schedule of Components of Preferred Stock | The following table represents the components of the Series J Preferred Stock for the years ended December 31, 2020 and 2019: Schedule of Components of Preferred Stock
|  | Shares |  |  | Series J Preferred Stock Components |
Issuance of Series J Preferred Stock on October 7, 2019 |  |  | 20,000 |  |  | $ | 20,000,000 |
Less shares issued for payment of 12% Amended Senior Secured Notes |  |  | (5,000 | ) |  |  | (5,000,000 | )
Net issuance of Series J Preferred Stock |  |  | 15,000 |  |  | $ | 15,000,000 |
Issuance of Series J Preferred Stock |  |  | 20,000 |  |  | $ | 20,000,000 |
Less issuance costs: |  |  |  |  |  |  |  |
Cash paid to B. Riley FBR as placement fee |  |  |  |  |  |  | (525,240 | )
Legal fees and other costs |  |  |  |  |  |  | (54,764 | )
Total issuance costs |  |  |  |  |  |  | (580,004 | )
Less Liquidated Damages recognized upon issuance |  |  |  |  |  |  | (1,680,000 | )
Total issuance costs and Liquidated Damages |  |  |  |  |  |  | (2,260,004 | )
Net issuance of Series J Preferred Stock at December 31, 2019 |  |  |  |  |  |  | 17,739,996 |
Issuance of Series J Preferred Stock on September 4, 2020 |  |  | 10,500 |  |  |  | 6,000,000 |
Net Issuance of Series J Preferred Stock prior to conversion on December 18, 2020 |  |  | 30,500 |  |  |  | 23,739,996 |
Conversion of Series J Preferred Stock to common stock on December 18, 2020 (as further described below) |  |  | (30,500 | ) |  |  | (23,739,996 | )
Series I Preferred Stock at December 31, 2020 |  |  | - |  |  | $ | - |
Beneficial conversion feature recognized during the year ended December 31, 2020 (as described below) upon conversion of Series J Preferred Stock |  |  |  |  |  | $ | 586,545 |
Series K Preferred Stock [Member] |
Schedule of Components of Preferred Stock | The following table represents the components of the Series K Preferred Stock for the year ended December 31, 2020: Schedule of Components of Preferred Stock
|  | Shares |  |  | Series K Preferred Stock Components |
Issuance of Series K Preferred Stock: |  |  |  |  |  |  |  |
Issuance of Series K Preferred Stock on October 23, 2020 |  |  | 6,750 |  |  | $ | 6,750,000 |
Issuance of Series K Preferred Stock on October 28, 2020 |  |  | 5,292 |  |  |  | 5,292,000 |
Issuance of Series K Preferred Stock on November 11, 2020 |  |  | 6,000 |  |  |  | 6,000,000 |
Subtotal issuance of Series K Preferred Stock |  |  | 18,042 |  |  |  | 18,042,000 |
Less issuance costs: |  |  |  |  |  |  |  |
Cash paid to B. Riley FBR as placement fee |  |  |  |  |  |  | (440,500 | )
Legal fees and other costs |  |  |  |  |  |  | (120,000 | )
Total issuance costs |  |  |  |  |  |  | (560,500 | )
Net issuance of Series K Preferred Stock prior to conversion on December 18, 2020 |  |  |  |  |  |  | 17,481,500 |
Conversion of Series K Preferred Stock to common stock on December 18, 2020 |  |  | (18,042 | ) |  |  | (17,481,500 | )
Series K Preferred Stock at December 31, 2020 |  |  | - |  |  | $ | - |
Beneficial conversion feature recognized during the year ended December 31, 2020 (as described below) upon conversion of Series k Preferred Stock |  |  |  |  |  | $ | 9,472,050 |

X
- Definition Schedule of Components of Preferred Stock [Table Text Block] + References No definition available. + Details
Name: | MVEN_ScheduleOfComponentsOfPreferredStockTableTextBlock
Namespace Prefix: | MVEN_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_SeriesHPreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=MVEN_SeriesIPreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=MVEN_SeriesJPreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=MVEN_SeriesKPreferredStockMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |