XML 55 R43.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Convertible Promissory Notes and Warrant Agreements (Details Textual) - USD ($)
1 Months Ended 9 Months Ended 12 Months Ended
Feb. 28, 2019
Jul. 02, 2018
Jan. 02, 2018
Sep. 30, 2018
Sep. 30, 2019
Jun. 30, 2017
Convertible Promissory Notes and Warrant Agreements (Textual)            
Loss on convertible notes extinguishment       $ (1,314,487) $ (553,447)  
Conversion derivative related to convertible promissory notes       $ 168,384  
New Warrants [Member]            
Convertible Promissory Notes and Warrant Agreements (Textual)            
Fair value of warrants expected volatility       50.00%    
Fair value of warrants expected life       5 years 2 months 16 days    
Fair value of warrants expected dividend yield       0.00%    
Convertible promissory note proceeds assigned to warrants       $ 442,151    
Amortization expense       375,076 163,060  
Fair value changes of warrant liability       39,770 $ 18,568  
2017 Convertible Note Amendment [Member]            
Convertible Promissory Notes and Warrant Agreements (Textual)            
Maturity date, description         Maturity date was moved up to December 2018 from October 2022  
Discount amortization expense related to the bifurcated derivative       143,166 $ 62,158  
Fair value changes on premium debt conversion derivative       11,020 111,195  
Amortization relates to the discount attributed to the note modification in March 2018       $ 19,510 $ 6,575  
Conversion rate discount associated with the applicable stock price in an offering         80.00%  
Amount of remained a debt discount     $ 26,085      
2017 Convertible Notes [Member]            
Convertible Promissory Notes and Warrant Agreements (Textual)            
Convertible notes bear interest at fixed rate         8.00%  
Principal amount         $ 1,540,000  
Maturity date, description         Extend the maturity date from December 31, 2018 to June 30, 2019.  
Description of outstanding principal and accrued interest         If the Company consummated an equity round of financing resulting in more than $3 million in gross proceeds before June 30, 2019 (the "2017 Convertible Notes Qualified Financing"), the outstanding principal and accrued and unpaid interest on the 2017 Convertible Notes would have automatically converted into the securities issued by the Company in the 2017 Convertible Notes Qualified Financing equal to the outstanding principal and accrued interest on the 2017 Convertible Notes divided by 80% of the price per share of the securities issued by the Company in the 2017 Convertible Notes Qualified Financing.  
Description of maximum voting power of surviving entity         Change of control meant a merger or consolidation with another entity in which the Company's stockholders do not own more than 50% of the outstanding voting power of the surviving entity or the disposition of all or substantially all of the Company's assets.  
Fair value of warrants risk-free interest rate 2.52%          
Fair value of warrants expected volatility 50.00%          
Fair value of warrants expected life 5 years          
Fair value of warrants expected dividend yield 0.00%          
Convertible notes conversion price per common share         $ 3.00  
Loss on convertible notes extinguishment $ 553,447          
Outstanding principal and interest $ 1,678,361          
Convertible promissory notes converted into common stock 839,179          
Shares of common stock issuable upon exercise of warrants 839,179          
Issued new warrants exercisable common stock 839,179          
Warrant exercise term 4 years 9 months 18 days          
2017 Convertible Notes [Member] | New Warrants [Member]            
Convertible Promissory Notes and Warrant Agreements (Textual)            
Fair value of warrants risk-free interest rate       2.94%    
Fair value of warrants expected volatility       50.00%    
Fair value of warrants expected life       5 years 2 months 16 days    
Fair value of warrants expected dividend yield       0.00%    
Orginal issuance cost and discount         $ 8,133  
Interest on principal amount       $ 80,022 51,333  
Amortization of debt issuance costs       2,944 $ 1,431  
2016 Convertible Promissory Notes [Member]            
Convertible Promissory Notes and Warrant Agreements (Textual)            
Principal amount           $ 1,625,120
Warrants exercise price           $ 1.80
Warrants exercisable date of issuance and expire   Nov. 21, 2021        
Fair value of warrants risk-free interest rate         2.65%  
Fair value of warrants expected volatility         49.80%  
Fair value of warrants expected life         3 years 4 months 20 days  
Fair value of warrants expected dividend yield         0.00%  
Bifurcation discount related to the premium conversion liability       70,324    
Conversion agreements, description   (i) convert the Outstanding Balance under the Convertible Notes into shares of the Company’s common stock based on the Outstanding Balance divided by $1.80 per share (the “2016 Note Conversion Shares”); (ii) cancel and extinguish the Convertible Notes; and (iii) amend and restate the Warrants as defined below to make them immediately exercisable upon the conversion, at a per share exercise price equal to $1.80 per share. As consideration for the early conversion of the Convertible Notes, the Company issued each subscriber an additional new warrant (the “2016 Note Payment Warrants”), exercisable for up to the number of shares of common stock equal to the number of 2016 Note Conversion Shares received by such subscriber; at a per share exercise price of $1.80 per share.        
Outstanding principal and interest         $ 1,804,064  
Convertible promissory notes converted into common stock         1,002,258  
Shares of common stock issuable upon exercise of warrants         2,004,516  
Note payment warrants issued         $ 979,480  
Warrant liability value of reclassified to equity         1,031,366  
Interest on principal amount       65,727    
Fair value changes related to underlying premium conversion derivative amounted to benefit       (333,183)    
Fair value changes related to warrant liability amounted to benefit       $ (14,865)    
Unamortized discount remaining on the convertible notes   $ 11,143     $ 979,480