XML 33 R37.htm IDEA: XBRL DOCUMENT v3.20.1
Convertible Notes (Related and Unrelated Party) (Details Narrative) - USD ($)
3 Months Ended
Mar. 20, 2020
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Convertible notes   $ 1,298,396   $ 2,740,561
Debt maturity date   Mar. 31, 2022    
Debt conversion, description If the volume-weighted average trading price for the 20 consecutive trading days that conclude upon 6 months after the initial closing (the "Six Month Price") exceeds or equals $0.50 per share (the "Target Price"), the per share purchase price will not be adjusted. If the Six Month Price is less than the Target Price, the per share purchase price will be automatically reduced to the Six Month Price, but in no event less than $0.35 per share, in which case the Company shall issue to each investor, pro-rata based on such investor's investment: (a) shares in a quantity that equals the difference between the number of shares issued to such purchaser at closing and the number of shares that would have been issued to such purchaser at closing at the Six Month Price; and (b) a warrant for a number of shares of common stock equal to 50% of the difference between the number of shares issued to such investor at closing and the number of shares that would have been issued to such investor at closing at the Six Month Price, with an exercise price equal to the sum of $0.10 per share and the Six Month Price, but in no eventless than $0.45 per share. The exercise price per share for each warrant will automatically adjust to the sum of $0.10 per share and the Six-Month Price, but in no event less than $0.45 per share.      
Fair value of warrants   $ 307,460  
Convertible note, net of discount   171,360   150,742
Convertible note related party, non-current   192,763   1,181,942
Convertible note non-current   934,273   $ 1,407,877
Extinguishment of debt $ 379,200 $ 379,200  
Gain on extinguishment of debt 437,201      
Loss on extinguishment of debt $ 58,001      
Conversion description The gain of $437,201 related to the portion of Convertible Notes that were converted to common stock on March 20, 2020. The loss on extinguishment of debt of $58,001related to the portion of Convertible Notes that were extended by either 24 for Milestone I, or 12 months for Milestone II.      
Series CN Convertible Notes 1 [Member]        
Principal balance converted into common stock $ 720,000      
Due from related parties $ 675,000      
Debt instrument conversion of common stock percentage 20.00%      
Convertible notes $ 1,071,000      
Remaining convertible notes $ 1,186,167      
Debt interest rate 15.00%      
Debt maturity date Mar. 20, 2022      
Debt conversion, description The terms of the Series CN Note 1 were amended to increase the interest rate to 15% per annum and to extend the maturity of the outstanding principal balance by 24 months to March 20, 2022. The notes are convertible at any time prior to the maturity into our common stock at a conversion price of 0.50 per share. If the six month price is less than the 0.50 per share, the principal conversion price will be automatically reduced to the 0.50 per share, but in no event less than $0.35 per Share, in which case the Company shall issue to each purchaser, based on such purchaser's investment, (a) shares in a quantity that equals the difference between the number of Shares issued to such purchaser at closing and the number of Shares that would have been issued to such purchaser at closing at the 0.50 per share and (b) warrants in a quantity that equals fifty percent (50%) of the difference between the number of shares issued to such Purchaser at closing and the number of shares that would have been issued to such purchaser at closing at the 0.50 per share, with an exercise price that equals the sum of $0.10 per share and the 0.50 per share, but in no event less than $0.45 per share. The exercise price per share for the Convertible Note Warrants and the Bonus Warrant issued at closing will automatically adjust as well to the sum of $0.10 per share and the Six Month Price, but in no event less than $0.45 per share.      
Debt conversion price $ 0.50      
Closing price of the common stock, percentage 50.00%      
Series CN Convertible Notes 1 [Member] | O Warrants [Member]        
Warrant issued 864,000      
Series CN Convertible Notes 1 [Member] | L Warrants [Member]        
Warrant issued 1,082,727      
Series CN Convertible Notes 1 [Member] | L Warrants [Member] | Maximum [Member]        
Warrant exercise price $ 0.70      
Series CN Convertible Notes 1 [Member] | L Warrants [Member] | Minimum [Member]        
Warrant exercise price $ 0.50      
Series CN Convertible Notes 1 [Member] | P Warrants [Member]        
Warrant granted 1,071,000      
Series CN Convertible Notes 1 [Member] | L and P Warrants [Member]        
Fair value of warrants $ 92,266      
Series CN Note 1 and 2 [Member] | P Warrants [Member]        
Fair value of warrants 17,082      
Debt discount 75,184      
Series CN Convertible Notes 2 [Member]        
Principal balance converted into common stock 1,128,000      
Due from related parties $ 590,000      
Debt instrument conversion of common stock percentage 20.00%      
Convertible notes $ 168,000      
Remaining convertible notes $ 235,200      
Debt interest rate 60.00%      
Debt maturity date Nov. 30, 2021      
Series CN Convertible Notes 2 [Member] | O Warrants [Member]        
Warrant issued 1,501,012      
Series CN Convertible Notes 2 [Member] | L Warrants [Member]        
Debt discount $ 1,817      
Series CN Convertible Notes 2 [Member] | L Warrants [Member] | Pre Modification [Member]        
Fair value of warrants 4,279      
Series CN Convertible Notes 2 [Member] | L Warrants [Member] | Post Modification [Member]        
Fair value of warrants 6,096      
Private Placement Offering [Member]        
Proceeds from private placement $ 3,825,000