Sonnet BioTherapeutics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Convertible Notes Payable (Details Narrative)

v3.8.0.1

Convertible Notes Payable (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
Convertible Notes Payable (Details Narrative) - USD ($)	Mar. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2017	May 31, 2017	Apr. 30, 2017	Dec. 31, 2016
Debt Instrument, Redemption [Line Items]
Amortized debt discount		$ 501,126	$ 925,806
Convertible debt principal amount		820,107
Convertible notes payable		725,000
Unpaid accrued interest		$ 95,107
Conversion price per share		$ 3.00
Convertible debt					$ 187,798	$ 475,000
Lender [Member]
Debt Instrument, Redemption [Line Items]
Convertible debt		$ 3,000,000
Convertible debt percentage		6.00%
Debt maturity date		Dec. 31, 2018
Convertible Notes Payable [Member]
Debt Instrument, Redemption [Line Items]
Amortized debt discount		$ 27,014	793,904
Debt conversion percentage		8.00%
Convertible notes payable		$ 3,214,704					$ 3,678,064
Net loss on extinguishment		$ 95,310
2% notes [Member]
Debt Instrument, Redemption [Line Items]
Convertible note payable term		2 years
Convertible Notes [Member]
Debt Instrument, Redemption [Line Items]
Convertible notes payable				$ 150,000
Debt conversion on converted shares	50,000
Net loss on extinguishment		$ 362,822

- Definition

Convertible debt percentage.

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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.

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Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.

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