Quarterly report pursuant to Section 13 or 15(d)

Senior Secured Convertible Notes (Details Narrative)

v3.20.2
Senior Secured Convertible Notes (Details Narrative)
9 Months Ended
Aug. 19, 2019
USD ($)
Founder
$ / shares
Sep. 30, 2020
USD ($)
shares
Sep. 30, 2019
USD ($)
Dec. 31, 2019
USD ($)
shares
Dec. 23, 2019
USD ($)
Dec. 21, 2019
shares
Cash proceeds on the promissory note   $ 4,515,000      
Principal amount   2,131,050   $ 5,602,750    
Debt issuance cost net   $ 185,985   $ 1,386,443    
Promissory note payable date Dec. 31, 2020          
Debt instrument conversion price | $ / shares $ 1.00          
Debt installment, description The Company shall repay the Principal Amount of the Notes in 12 installments, with the first installment starting on February 1, 2020 (each, an "Installment Date"). Installments 1-3 shall be 1/36th of the Principal Amount, Installments 4-6 shall be 1/18th of the Principal Amount and Installments 7-12 shall be 1/8th of the Principal Amount. The repayment amount shall be payable in cash, or, subject to the satisfaction of equity conditions, at the option of the Company, in registered Common Stock or a combination of cash and registered Common Stock.          
Debt market price rate 50.00%          
Conversion price, description The shares used to meet a Principal Repayment ("Installment Shares") would be valued at a conversion Price, calculated as the lesser of (i) 85% of the arithmetic average of the three lowest daily VWAPs of the 20 trading days prior to the payment date or (ii) 85% of the VWAP of the trading day prior to payment date ("Installment Price") with a floor of $0.10.          
Debt instrument trading days | Founder 20          
Debt instrument, convertible percentage 85.00%          
Percentage to purchase outstanding notes in cash 125.00%          
Debt issuance, description Until the 3 year anniversary of the maturity date, the investor shall have the right (but not the obligation) to participate in 50% of any subsequent equity or debt issuance. As of September 30, 2020, the principal amount of Notes amounted to $2,131,050, net of debt issuance costs of $185,985. As of December 31, 2019, the principal amount of Notes amounted to $5,602,750, net of debt issuance costs of $1,386,443.        
Common Stock [Member]            
Debt conversion, converted instrument, shares issued | shares   3,200,000        
Institutional Investor [Member] | Securities Purchase Agreement [Member]            
Cash proceeds on the promissory note $ 11,500,000          
Original issue discount, percentage 15.00%          
Description for market capitalization The Investor Note is subject to optional prepayment at any time at the option of the investor and mandatory prepayment, at the Company's option, subject to certain equity conditions, at any time 45 Trading Days after the effectiveness of a resale registration statement (or otherwise the applicability of Rule 144 promulgated under the Securities Act of 1933, as amended). Notwithstanding the foregoing, the Company may not effect a mandatory prepayment if the shares underlying the Series A Note and the portion of the Series B Note that has become unrestricted exceeds 35% of the market capitalization of the Company.          
Investor [Member]            
Debt instrument conversion price | $ / shares $ 500,000          
Debt installment, description All amortization payments shall be subject to the Investors' right to (a) defer some or all of any Installment Payment to a subsequent Installment Date; and (b) at any time during an installment period, convert up to four times the installment amount at the Installment Price; provided shares received pursuant to such accelerated conversions shall be subject to a leak-out provision that solely limits sales of such shares received by the investor in such accelerated conversion (and not any other sales) to the greater of (a) $500,000 per trading day or (b) 40% of the volume traded on a given day as reported by Bloomberg LP.          
Debt market price rate 40.00%          
Warrants term 5 years          
Warrants conversion price percentage 50.00%          
Warrants exercise price | $ / shares $ 1.00          
Fair value of warrant liability $ 575,000          
Investor [Member] | Exchange Agreement [Member]            
Promissory note face amount         $ 5,500,000  
Series D Preferred Stock [Member]            
Preferred stock, shares authorized | shares   5,775   5,775    
Series D Preferred Stock [Member] | Board of Directors [Member]            
Preferred stock, shares authorized | shares           5,775
Series A Note [Member] | Investor [Member]            
Promissory note face amount 6,720,000          
Payment of promissory note $ 5,000,000          
Notes [Member] | Investor [Member]            
Original issue discount, percentage 15.00%          
Promissory note face amount $ 4,780,000          
Payment of promissory note $ 4,780,000          
Company received amount in connection with note   $ 3,000,000