XML 41 R27.htm IDEA: XBRL DOCUMENT
v3.20.2

Fair Value Measurement (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Fair Value Disclosures [Abstract] |
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table represents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019:
|  | June 30, 2020 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured convertible notes |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Proceeds investment agreement obligation |  |  | — |  |  |  | — |  |  |  | 3,615,000 |  |  |  | 3,615,000 |
|  | $ | — |  |  | $ | — |  |  | $ | 3,615,000 |  |  | $ | 3,615,000 |
|  | December 31, 2019 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Secured convertible notes |  | $ | — |  |  | $ | — |  |  | $ | 1,593,809 |  |  | $ | 1,593,809 |
Proceeds investment agreement obligation |  |  | — |  |  |  | — |  |  |  | 6,500,000 |  |  |  | 6,500,000 |
|  | $ | — |  |  | $ | — |  |  | $ | 8,093,809 |  |  | $ | 8,093,809 |
Fair Value Measurements Change in Level 3 Inputs | The following table represents the change in Level 3 tier value measurements:
|  | 2019 |  |  | 2020 |  |  |  |  |  |  |
|  | Secured |  |  | Secured |  |  | Proceeds |  |  |  |
|  | Convertible |  |  | Convertible |  |  | Investment |  |  |  |
|  | Notes |  |  | Notes |  |  | Agreement |  |  | Total |
Balance, December 31, 2019 |  | $ | 1,593,809 |  |  | $ | — |  |  | $ | 6,500,000 |  |  | $ | 8,093,809 |
Issuance of secured convertible debt |  |  | — |  |  |  | 778,859 |  |  |  | — |  |  |  | 778,859 |
Conversion of secured convertible debentures |  |  | (1,259,074 | ) |  |  | (1,665,666 | ) |  |  | — |  |  |  | (2,924,740 | )
Repayment of secured convertible notes |  |  | (747,180 | ) |  |  | (1,000 | ) |  |  | — |  |  |  | (748,180 | )
Change in fair value of secured convertible debentures and proceeds investment agreement |  |  | 412,445 |  |  |  | 887,807 |  |  |  | (2,885,000 | ) |  |  | (1,548,748 | )
Balance, June 30, 2020 |  | $ | — |  |  | $ | — |  |  | $ | 3,615,000 |  |  | $ | 3,615,000 |

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration