XML 49 R39.htm IDEA: XBRL DOCUMENT v3.19.1
Convertible Promissory Notes and Warrant Agreements (Details Textual) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Feb. 28, 2019
Jul. 02, 2018
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Sep. 30, 2018
May 31, 2018
Nov. 30, 2017
Jun. 30, 2017
Convertible Promissory Notes and Warrant Agreements (Textual)                    
Loss on convertible notes extinguishment     $ (553,447) $ (186,220) $ (553,447) $ (537,134)        
Conversion derivative related to convertible promissory notes         219,825        
New Warrants [Member]                    
Convertible Promissory Notes and Warrant Agreements (Textual)                    
Fair value of warrants risk-free interest rate 2.52%           2.94%      
Fair value assumption expected volatility rate 50.00%           50.00%      
Fair value assumption expected term 5 years           5 years 2 months 16 days      
Fair value assumption expected dividend rate 0.00%           0.00%      
Convertible promissory note proceeds assigned to warrants       238,864   575,435        
Amortization expense     0 70,505 163,060 80,477        
Fair value changes of warrant liability     $ 11,879 9,354 $ 18,568 8,017        
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.          
Gross proceeds of equity qualified financing         $ 3,000,000          
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.          
Convertible notes conversion price per common share     $ 3.00   $ 3.00          
Loss on convertible notes extinguishment     $ 553,447   $ 553,447          
Conversion derivative related to convertible promissory notes       91,298   219,823        
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          
Interest on principal amount     20,534 20,489 $ 51,333 27,494        
2017 Convertible Notes [Member] | New Warrants [Member]                    
Convertible Promissory Notes and Warrant Agreements (Textual)                    
Amortization of discount to convertible notes     0 376 1,431 533        
Cost of issuance         8,133          
2017 Convertible Notes [Member] | Private placement agent [Member]                    
Convertible Promissory Notes and Warrant Agreements (Textual)                    
Discount amortization expense related to the bifurcated derivative     0 27,021 62,158 30,836        
Fair value changes on premium debt conversion derivative     $ 104,930 1,323 $ 111,195 1,790        
2016 Convertible Promissory Notes [Member]                    
Convertible Promissory Notes and Warrant Agreements (Textual)                    
Warrants exercisable date of issuance and expire   Nov. 21, 2021                
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 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                   $ 1,625,120
Interest on principal amount       32,502   65,005        
Interest related to amortization of discounts related to bifurcation of premium derivative liability, separation of warrants, revaluation discounts and issuance costs amount       34,585   296,333        
Fair value changes related to underlying premium conversion derivative amounted to benefit       (105,976)   (105,976)        
Fair value changes related to underlying premium conversion derivative amounted to expense       2,666   2,666        
Fair value changes related to warrant liability amounted to benefit       (130,976)   (130,976)        
Fair value changes related to warrant liability amounted to expense       141,083   141,083        
2017 Convertible Note amendment [Member]                    
Convertible Promissory Notes and Warrant Agreements (Textual)                    
Convertible notes bear interest at fixed rate     50.00%   50.00%          
Maturity date, description         Maturity date was moved up to December 2018 from October 2022          
Amortization relates to the discount attributed to the note modification in March 2018     $ 0 $ 6,432 $ 6,575 7,718        
Amortization of discount to convertible notes         $ 27,371          
Description of convertible notes issuance costs         Prior to the December 2017 amendment, if the Company had raised more than $3,000,000 in an equity financing before October 4, 2022, 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 such financing based on the greater number of such securities resulting from either (i) the outstanding principal and accrued interest on the 2017 Convertible Notes divided by $2.25 or (ii) the outstanding principal and accrued interest on the 2017 Convertible Notes multiplied by 1.25, divided by the price paid per security in such financing. The New Warrants would have also become exercisable in conjunction with the 2017 Convertible Notes Qualified Financing.          
Conversion rate discount associated with the applicable stock price in an offering         80.00%          
Extinguisment loss associated with the December 2017 modification           303,560        
Other component of the extinguisment loss           294,615        
Legal costs portion of the extinguishment loss for the Dec 2017 modification           8,945        
November 2017 [Member] | 2016 Convertible Promissory Notes [Member]                    
Convertible Promissory Notes and Warrant Agreements (Textual)                    
Discount to debt with gain on convertible note extinguishments           $ 97,223        
Fair value change of the amended convertible notes carrying value at time of the amendment resulting in note discount                 $ 97,223