8. Secured Convertible Notes (Details Narrative) - USD ($) |
8 Months Ended | 12 Months Ended | |
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Aug. 17, 2018 |
Dec. 31, 2018 |
Dec. 31, 2017 |
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Beneficial conversion feature | $ (353,333) | $ 0 | |
Warrants issued | 930,001 | ||
Proceeds from issuance of convertible debt | $ 4,186,054 | $ 0 | |
Securities Purchase Agreement [Member] | |||
Proceeds from offering | 4,500,000 | ||
Beneficial conversion feature | 1,561,111 | ||
Amortization discount | $ 678,016 | ||
August 2018 Purchase Agreement [Member] | Securities Purchase Agreement [Member] | Certain Investors [Member] | |||
Warrants issued | 1,800,000 | ||
Proceeds from issuance of convertible debt | $ 4,186,054 | ||
Debt face amount | $ 4,500,000 |
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- Definition Warrants issued 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 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 Face (par) amount of debt instrument at time of issuance. 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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- Definition The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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