XML 69 R56.htm IDEA: XBRL DOCUMENT v3.20.2
Note Payables, Net (Details) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
May 15, 2020
Apr. 14, 2019
Feb. 27, 2019
Jan. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Jun. 30, 2020
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Mar. 31, 2020
Note Payables, Net (Details) [Line Items]                      
Conversion price (in Dollars per share)         $ 600,000     $ 600,000      
Amortization of OID and debt issuing costs of convertible note               $ 45,833 $ 84,661    
Principle adjustment amount         $ 262,500     262,500      
Additional paid capital         119,128,530     119,128,530   $ 116,682,374  
Conversion price         36,023            
Loss on note redemption           $ (893,958)    
Securities Purchase Agreement [Member]                      
Note Payables, Net (Details) [Line Items]                      
Convertible promissory note amount     $ 1,050,000 $ 1,050,000              
Original issue discount     $ 50,000 $ 50,000              
Interest rate     8.00% 8.00%              
Percentage of amounts outstanding     125.00% 125.00%              
Conversion price (in Dollars per share)     $ 3.00 $ 3.00              
Promissory Note [Member]                      
Note Payables, Net (Details) [Line Items]                      
Principal amount                     $ 430,000
Investor [Member]                      
Note Payables, Net (Details) [Line Items]                      
Principle adjustment amount                   $ 305,626  
Trading, L.P. [Member]                      
Note Payables, Net (Details) [Line Items]                      
Agreement, description   The Company and Lender exchanged the Partitioned Note for the delivery of total 242,699 shares (post-reverse stock split) of the Company’s Common Stock. The Company recorded $36,023 loss on conversion of these portion of the note. In addition, under the term of the forbearance agreement, as the investor delivered redemption notices totaling $1,050,000 which were not paid within 5 days, per the forbearance agreement, adjustments of $262,500 were made to increase the principle of the notes during the third quarter of 2020.         Pursuant to the Agreement, the Company and Lender partitioned four new Promissory Notes in the original total principal amount of $819,586 from a Promissory Note issued by the Company on April 14, 2019. The Company and Lender exchanged the Partitioned Note for the delivery of total 304,710 shares (post-reverse stock split) of the Company’s Common Stock. The Company recorded $49,837 gain on conversion of these portion of the note. In addition, the investor also made adjustments of $145,000 to increase the principle of the notes during the second quarter of 2020 under the term of the September 11th forbearance agreement and the amendment to forbearance agreement dated on December 16, 2019.        
Additional paid capital             $ 769,749        
Conversion price             819,586        
Gain on conversion amount             $ 49,837        
Net conversion price               145,000      
Loss on note redemption               $ 95,163      
Exchange Agreement [Member]                      
Note Payables, Net (Details) [Line Items]                      
Interest rate     8.00% 8.00%              
Exchange notes     $ 1,165,379 $ 1,173,480              
Agreement, description               The Company’s obligations under the Exchange Notes could be prepaid at any time, provided that in such circumstance the Company would have paid 125% of any amounts outstanding under the Exchange Notes. Beginning on the date that is six months from the issue date of the respective Original Notes (the “Issue Dates”) and at any time thereafter until the Exchange Notes are paid in full, Purchaser shall have the right to redeem up to $750,000 of the outstanding balance during months six to eight following the respective Issue Date and any amount thereafter.      
Amortization of OID and debt issuing costs of convertible note         6,250     $ 45,833      
Interest expense         23,292     $ 84,901      
Loss on note redemption         $ 298,523            
Forbearance Agreement [Member]                      
Note Payables, Net (Details) [Line Items]                      
Agreement, description               Under the term of the forbearance agreement, in the event Lender delivers after October 1, 2019 a Redemption Notice to Borrower and the Redemption Amount set forth therein is not paid in cash to Lender within three Trading Days, then the applicable Redemption Amount shall be increased by 25% (the “First Adjustment,” and such increase to the Redemption Amount, the “First Adjusted Redemption Amount”). In the event the First Adjusted Redemption Amount is not paid within three Trading Days after the date of First Adjustment, then the First Adjusted Redemption Amount shall be increased in accordance with the following formula: $0.50 divided by the lowest Closing Trade Price of the Common Stock during the 20 Trading Days prior to the date of the Second Adjustment and the resulting quotient multiplied by the First Adjusted Redemption Amount (the “Second Adjustment   the Company entered into a series of Exchange Agreements with Iliad Research and Trading, L.P. Pursuant to the Agreement, the Company and Lender partitioned five Promissory Notes in the original total principal amount of $797,000 from a Promissory Note issued by the Company on April 14, 2019. The Company and Lender exchanged the Partitioned Note for the delivery of total 175,400 shares (post-reverse stock split) of the Company’s Common Stock. The Company recorded $131,740 gain on conversion of these portion of the note. However, on December 16, 2019, the Company and the lender amended the September 11, 2019 forbearance agreement to increase the adjustment ratio described above from $0.50 to $0.30 (pre-reverse stock split price). The outstanding balance of the Note shall be reduced by an amount equal to the total outstanding balance of the Partitioned Note. The investor made adjustments of $305,626 to increase the principle of the notes during the year ended December 31, 2019 under the term of the September 11th forbearance agreement and the amendment to forbearance agreement dated on December 16, 2019.  
Exchange Agreements Two [Member]                      
Note Payables, Net (Details) [Line Items]                      
Total shares of common stock (in Shares)         143,333     143,333      
Loss on conversion of debt               $ 103,167      
Increase decrease outstanding balance, percentage 25.00%                    
Debt instrument outstanding balance $ 1,271,720                    
Percentage of redemption amount increased 25.00%