9. Secured Convertible Notes (Details Narrative) - USD ($) |
2 Months Ended | 3 Months Ended | 8 Months Ended | |
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Feb. 19, 2019 |
Mar. 31, 2020 |
Mar. 31, 2019 |
Aug. 17, 2018 |
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Proceeds from convertible debt | $ 6,098,000 | $ 0 | ||
Beneficial conversion feature | 0 | 322,240 | ||
Loss on extinguishment of debt | 0 | (3,352,155) | ||
Fair value of warrants | 3,467,961 | $ 0 | ||
Purchase Agreement [Member] | Amendment to February 2019 Offering [Member] | Warrants [Member] | ||||
Warrants issued, shares | 1,800,000 | |||
Warrant exercise price | $ 2.55 | |||
Loss on extinguishment of debt | $ (2,064,193) | |||
Purchase Agreement [Member] | Secured Convertible Notes [Member] | ||||
Proceeds from convertible debt | $ 4,500,000 | |||
Debt maturity date | Aug. 20, 2019 | |||
Debt interest rate | 10.00% | |||
Conversion price per share | $ 2.50 | |||
Amortization discount | $ 7,287 |
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- Definition Warrants issued, shares No definition available.
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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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