Stockholder's Equity (Details Narrative)
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1 Months Ended |
3 Months Ended |
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Feb. 07, 2020
USD ($)
$ / shares
shares
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Jun. 28, 2019
USD ($)
shares
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Mar. 31, 2020
USD ($)
$ / shares
shares
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Mar. 31, 2020
USD ($)
$ / shares
shares
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Dec. 31, 2019
USD ($)
$ / shares
shares
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Stockholder's Equity [Line Items] |
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Common stock, shares authorized |
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45,000,000
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45,000,000
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45,000,000
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Common stock, par value | $ / shares |
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$ 0.0001
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$ 0.0001
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$ 0.0001
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Common stock, shares issued |
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549,336
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549,336
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400,167
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Common stock, shares outstanding |
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549,336
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549,336
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400,167
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Preferred stock, shares authorized |
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5,000,000
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5,000,000
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5,000,000
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Preferred stock, par value | $ / shares |
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Unrecognized stock based compensation expense | $ |
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$ 16,250
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$ 16,250
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Recognized term |
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1 year
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Warrants exercised |
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92,847
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Warrant forfeited or other adjustments |
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4,062
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Additional paid in capital | $ |
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$ 73,470,624
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$ 73,470,624
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$ 71,505,989
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Expected Volatility [Member] | Minimum [Member] |
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Stockholder's Equity [Line Items] |
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|
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Warrants and rights outstanding measurement input |
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88
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88
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Expected Volatility [Member] | Maximum [Member] |
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Stockholder's Equity [Line Items] |
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|
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Warrants and rights outstanding measurement input |
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95
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95
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Risk Free Interest Rate [Member] | Minimum [Member] |
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Stockholder's Equity [Line Items] |
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Warrants and rights outstanding measurement input |
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1.7
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1.7
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Risk Free Interest Rate [Member] | Maximum [Member] |
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Stockholder's Equity [Line Items] |
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Warrants and rights outstanding measurement input |
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0.84
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0.84
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Expected Term [Member] | Minimum [Member] |
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Stockholder's Equity [Line Items] |
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Warrant weighted average term |
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6 years 6 months
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Expected Term [Member] | Maximum [Member] |
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Stockholder's Equity [Line Items] |
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Warrant weighted average term |
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8 years
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Warrant Holders [Member] |
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Stockholder's Equity [Line Items] |
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Warrants exercise price | $ / shares |
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$ 13.00
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$ 13.00
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Additional paid in capital | $ |
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$ 325,000
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$ 325,000
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Proceeds from warrants exercised | $ |
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$ 1,200,000
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2014 Stock Incentive Plan [Member] |
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Stockholder's Equity [Line Items] |
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Stock options granted |
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15,385
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Number of shares issued |
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14,837
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Shares remained available for grant |
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547
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547
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Unrecognized stock based compensation expense | $ |
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$ 19,500
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$ 19,500
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Recognized term |
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9 months
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Common Stock [Member] |
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Stockholder's Equity [Line Items] |
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Conversion of stock shares converted |
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54,879
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Preferred Series 2 [Member] |
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Stockholder's Equity [Line Items] |
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Conversion of stock shares converted |
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713
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Preferred stock stated value | $ / shares |
$ 1,000
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Preferred stock redemption, description |
Redemption. If the merger is not completed within six months of issuance of the Series 2 Preferred Stock, the Company would have been required to redeem all the outstanding Series 2 Preferred Stock for 125% of the aggregate stated value of the Series 2 Preferred Stock then outstanding plus any default interest and any other fees or liquidated damages then due and owing thereon under the Certificate of Designations. Additionally, there are other triggering events, as defined, that can cause the Series 2 Preferred Stock to be redeemable at the option of the holder of which, some are outside of the control of the Company. Liquidation preference. Upon any liquidation, dissolution or winding-up of the Company, the holder was entitled to receive out of the assets, whether capital or surplus, an amount equal to 125% of the stated value plus any default interest and any other fees or liquidated damages then due and owing thereon under the Certificate of Designations, for each share of Series 2 Preferred Stock before any distribution or payment to the holders of common stock.
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Debt instrument default interest rate |
18.00%
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Debt conversion, description |
(i) $26.00 (subject to adjustment for forward and reverse stock splits, recapitalizations and the like) or (ii) 90% of the five day average volume weighted average price of the common, provided the conversion price has a floor of $13.00 (subject to adjustment for forward and reverse stock splits, recapitalizations and the like). Conversion was subject to a beneficial ownership limitation of 4.99%. This limitation was increased by the holder to 9.99% prior to the Merger.
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Debt conversion, price per share | $ / shares |
$ 13.00
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Debt instrument conversion amount |
1,400
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Securities Purchase Agreement [Member] | Common Stock [Member] |
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Stockholder's Equity [Line Items] |
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Conversion of stock shares converted |
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54,879
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Securities Purchase Agreement [Member] | Series 2 Preferred Stock [Member] |
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Stockholder's Equity [Line Items] |
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Number of shares issued in transaction |
1,500
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Value of stock received on transaction | $ |
$ 1,500,000
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Transaction costs | $ |
95,000
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Embedded derivate liabilities | $ |
529,000
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Beneficial conversion feature | $ |
$ 729,000
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Securities Purchase Agreement [Member] | Series 2 Preferred Stock [Member] | Maximum [Member] |
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Stockholder's Equity [Line Items] |
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Number of shares issued in transaction |
1,500
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Value of stock received on transaction | $ |
$ 1,500,000
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Rights Offering [Member] |
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Stockholder's Equity [Line Items] |
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Subscription price | $ / shares |
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$ 26.00
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Subscriptions to purchase shares |
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234,028
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Rights offering, expiration date |
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Jun. 28, 2019
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Gross proceeds from rights offering | $ |
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$ 6,009,733
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Remaining proceeds receivable | $ |
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$ 2,700,000
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Rights Offering [Member] | Chardan Capital Markets, LLC and The Oak Ridge Financial Services Group Inc [Member] |
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Stockholder's Equity [Line Items] |
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Percentage of proceeds payable as dealer-managers fee |
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7.00%
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Maximum reimbursement of expenses for dealer-managers | $ |
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$ 75,000
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Aggregate commission | $ |
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$ 286,000
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Rights Offering [Member] | Basic Subscription Privilege [Member] |
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Stockholder's Equity [Line Items] |
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Subscriptions to purchase shares |
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72,858
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Rights Offering [Member] | Over Subscription [Member] |
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Stockholder's Equity [Line Items] |
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Subscriptions to purchase shares |
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161,174
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Rights Offering [Member] | Subscribed by Certain Record Holders [Member] |
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Stockholder's Equity [Line Items] |
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Gross proceeds from rights offering | $ |
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$ 3,075,000
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