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Debt Obligations (Tables)
 6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Summary of Secured Convertible Debentures and Proceeds Investment Agreement

Proceeds investment agreement is comprised of the following:

 

   June 30, 2019   December 31, 2018 
2018 Proceeds Investment Agreement, at fair value  $6,240,000   $9,142,000 
Less: Current portion   -    - 
2018 Proceeds investment agreement at fair value-less current portion  $6,240,000   $9,142,000 
Schedule of Fair Value of Embedded Derivatives and Warrants

The Company elected to account for the PIA on the fair value basis. Therefore, the Company determined the fair value of the PIA and PIA Warrants which yielded estimated fair values of the PIA including their embedded derivatives and the detachable PIA Warrants as follows:

 

Proceeds investment agreement  $9,067,513 
Common stock purchase warrants   932,487 
Gross cash proceeds  $10,000,000 
Schedule of Fair Value of Debentures Activity

The following represents activity in the PIA during the six months ended June 30, 2019:

 

Beginning balance as of January 1, 2019  $9,142,000 
Repayment of obligation   (6,000,000)
      
Change in the fair value during the period   3,098,000 
Ending balance as of June 30, 2019  $6,240,000