2016 Private Placement Funding (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | |||||
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Sep. 13, 2016 |
Sep. 30, 2016 |
Aug. 31, 2016 |
Jul. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Jan. 13, 2017 |
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Stock issued during period, value, new issues | $ 7,999,999 | ||||||
Warrants issued for purchase of common stock | 30,966,350 | ||||||
2016 Private Placement [Member] | |||||||
Proceeds from issuance of private placement | $ 6,800,000 | $ 6,800,000 | $ 6,800,000 | ||||
Beneficially ownership percentage | 10.00% | ||||||
Placement agent fees | $ 800,000 | ||||||
Non accountable expense allowance | $ 240,000 | ||||||
Warrants issued for purchase of common stock | 1,600,000 | ||||||
Warrant price per share | $ 0.50 | ||||||
Payment for finder fee description | (a) 5% of the first $1,000,000 of the consideration paid in such transaction; plus (b) 4% of the next $1,000,000 of the consideration paid in such transaction; plus (c) 3% of the next $5,000,000 of the consideration paid in the such transaction; plus (d) 2.5% of any consideration paid in such transaction in excess of $7,000,000. | ||||||
Series A Preferred Stock [Member] | |||||||
Stock issued during period, shares, new issues | 1,600,000 | 1,600,000 | 1,600,000 | 1,600,000 | |||
Convertible preferred stock, shares issued upon conversion | 16,000,000 | 16,000,000 | 16,000,000 | ||||
Shares issued, price per share | $ 5.00 | $ 5.00 | $ 5.00 | ||||
Stock issued during period, value, new issues | $ 8,000,000 | $ 8,000,000 | $ 8,000,000 | ||||
Proceeds from issuance of private placement | $ 6,900,000 |
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- Definition Represents the Non accountable expense. No definition available.
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- Definition Represent that percentage of agent fees respectively to the business combination consideration paid. No definition available.
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- Definition Represents the amount of cash fee paid to placement agent. No definition available.
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of shares issued for each share of convertible preferred stock that is converted. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow associated with the amount received from entity's raising of capital via private rather than public placement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Per share or per unit amount of equity securities issued. No definition available.
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- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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