Plan of Merger (Details Narrative) - USD ($) |
Oct. 10, 2019 |
Dec. 31, 2019 |
Dec. 31, 2018 |
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Common stock, par value | $ 0.0001 | $ 0.0001 | |
Warrant exercise price | $ 0.50 | ||
Spin-Off Entity [Member] | |||
Agreement term, description | Chanticleer will issue to the Spin-Off Entity a warrant to purchase that number of shares of Chanticleer Common Stock equal two percent (2%) of the number of shares of issued and outstanding Chanticleer Common Stock of Chanticleer at Closing. The Warrant will be a five-year warrant, will have an exercise price of $0.01 per share and will not be exercisable for 180 days following the Closing. Upon completion of the Merger, Chanticleer will change its name to Sonnet BioTherapeutics Holdings, Inc. | ||
Warrant term | 5 years | ||
Warrant exercise price | $ 0.01 | ||
Merger Consideration [Member] | |||
Common stock, par value | $ 0.0001 | ||
Merger Consideration [Member] | Sonnet Shareholders [Member] | |||
Equity method investment, ownership percentage | 94.00% | ||
Merger Consideration [Member] | Shareholders of Chanticleer [Member] | |||
Equity method investment, ownership percentage | 6.00% | ||
Spin-Off [Member] | |||
Repayments of debt | $ 6,000,000 |
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- Definition Agreement term, description. No definition available.
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face amount or stated value per share of common stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Period between issuance and expiration of outstanding warrant and right embodying unconditional obligation requiring redemption by transferring asset at specified or determinable date or upon event certain to occur, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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