Stockholders' Equity (Details Narrative) - USD ($) |
3 Months Ended | 6 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jun. 21, 2018 |
Jun. 19, 2018 |
Jan. 13, 2017 |
Sep. 12, 2016 |
Mar. 31, 2017 |
Jun. 30, 2018 |
Jun. 30, 2017 |
Dec. 31, 2017 |
Aug. 16, 2016 |
Jul. 29, 2016 |
|
Common stock par value | $ 0.0001 | $ 0.0001 | ||||||||
Number of warrant to purchase of common stock | 30,966,350 | |||||||||
Estimated net proceeds from issuance of warrants | $ 12,700,000 | |||||||||
Proceeds from exercise of warrants | $ 13,500,000 | $ 14,834,367 | ||||||||
July 30, 2018 [Member] | ||||||||||
Number of warrants expired | 410,125 | |||||||||
Warrants [Member] | Minimum [Member] | ||||||||||
Class of warrant or right, exercise price of warrants or rights | $ 0.50 | |||||||||
Warrants [Member] | Maximum [Member] | ||||||||||
Class of warrant or right, exercise price of warrants or rights | $ 2.00 | |||||||||
Warrants [Member] | ||||||||||
Warrant term | 5 years | |||||||||
Issuance of warrants description | The Company may call the Warrants, other than the Placement Agent Warrants, at any time the common stock trades above $5.00 (for warrants issued in 2013) or above $ 3.00 (for warrants issued in 2015) for twenty (20) consecutive days | |||||||||
Proceeds from exercise of warrants | $ 14,800,000 | |||||||||
Warrants [Member] | Outside Tender Offer [Member] | ||||||||||
Proceeds from exercise of warrants | $ 2,100,000 | |||||||||
2018 Placement Agent Warrants [Member] | ||||||||||
Warrants exercisable description | The 2018 Placement Agent Warrants are exercisable on the 1-year anniversary of the issuance date, June 21, 2019, and have a five year term. | |||||||||
Warrants [Member] | ||||||||||
Number of warrant to purchase of common stock | 6,197,831 | |||||||||
Warrants [Member] | 2018 Placement Agent Warrants [Member] | ||||||||||
Number of warrant to purchase of common stock | 240,000 | |||||||||
Placement Agency Agreement [Member] | ||||||||||
Gross proceeds of shares issued | $ 8,000,000 | |||||||||
Net Proceeds of shares issued | $ 7,100,000 | |||||||||
Percentage of gross proceeds | 7.00% | |||||||||
Percentage of non- accountable expenses | 1.00% | |||||||||
Number of warrant to purchase of common stock | 240,000 | |||||||||
Fair value of warrants | $ 89,000 | |||||||||
Class of warrant or right, exercise price of warrants or rights | $ 0.75 | |||||||||
Warrant term | 5 years | |||||||||
Series A Preferred Stock [Member] | ||||||||||
Preferred stock shares authorized | 10,000,000 | |||||||||
Preferred stock par value | $ 0.0001 | |||||||||
Preferred stock shares designated | 1,600,000 | |||||||||
Preferred stock, shares outstanding | 1,472,858 | |||||||||
Preferred stock conversion basis | Series A Preferred Shares to be converted, multiplied by the stated value of $5.00 (the Stated Value), divided by the Conversion Price in effect at the time of the conversion (the initial conversion price will be $0.50, subject to adjustment in the event of stock splits, stock dividends, and fundamental transactions). | |||||||||
Conversion price per share | $ 0.50 | |||||||||
Sale of stock price per share | $ 1.00 | $ 0.70 | $ 0.67 | |||||||
Intrinsic value | $ 4,400,000 | |||||||||
Beneficial conversion feature amount | $ 4,400,000 | |||||||||
Beneficial conversion feature percentage | 100.00% | |||||||||
Dividend rate | 8.00% | |||||||||
Dividends | $ 587,000 | |||||||||
Paid in kind dividend | $ 21,000 | |||||||||
Liquidation value of preferred share value | $ 5.00 | |||||||||
Royalty percentage | 7.50% | 7.50% | ||||||||
Proceeds from royalty | $ 10,000,000 | $ 10,000,000 | ||||||||
Series A Preferred Stock [Member] | Sales Revenue, Net [Member] | ||||||||||
Royalty percentage | 4.50% | 4.50% | ||||||||
Proceeds from royalty | $ 25,000,000 | $ 25,000,000 | ||||||||
Series B Preferred Stock [Member] | ||||||||||
Preferred stock shares designated | 8,000 | |||||||||
Preferred stock, shares outstanding | 7,975 | |||||||||
Conversion price per share | $ 0.50 | |||||||||
Liquidation value of preferred share value | 1,000 | |||||||||
Preferred stock stated value | $ 1,000 | |||||||||
Number of preferred stock shares converted | 2,000 | |||||||||
Stock conversion percentage | 0.501 | |||||||||
Beneficial ownership limitation description | The "Beneficial Ownership Limitation" is 4.99% of the number of shares of common stock outstanding immediately after giving effect to the issuance of shares of common stock issuable upon conversion of Series B Preferred held by the applicable holder. A holder may, prior to issuance of the Series B Preferred or, with 61 days prior notice to us, elect to increase or decrease the Beneficial Ownership Limitation; provided, however, that in no event may the Beneficial Ownership Limitation exceed 9.99%. | |||||||||
Liquidity value and dividends, description | (i) a number of shares of common stock equal to 10% of the shares of common stock underlying the Series B Preferred then held by such holder on the 12 month anniversary of the filing of the certificate of designation for the Series B Preferred with the Secretary of State of the State of Delaware ("COD Effective Date" which is June 19, 2018), (ii) a number of shares of common stock equal to 15% of the shares of common stock underlying the Series B Preferred then held by such holder on the 24-month anniversary of the COD Effective Date and (iii) a number of shares of common stock equal to 20% of the shares of common stock underlying the Series B Preferred then held by such holder on the 36-month anniversary of the COD Effective Date. In the event a purchaser in this offering no longer holds Series B Preferred as of the 12-month anniversary, the 24-month anniversary or the 36 month anniversary, such purchaser will not be entitled to receive any dividends on such anniversary date. | |||||||||
Series B Preferred Stock [Member] | Holders [Member] | ||||||||||
Conversion price per share | $ 0.50 | |||||||||
Series B Convertible Preferred Stock [Member] | ||||||||||
Preferred stock shares authorized | 8,000 | |||||||||
Preferred stock par value | $ 1,000 | $ 1,000 | ||||||||
Preferred stock, shares outstanding | 7,975 | |||||||||
Series B Convertible Preferred Stock [Member] | Placement Agency Agreement [Member] | ||||||||||
Preferred stock par value | $ 0.0001 | |||||||||
Preferred stock stated value | $ 1,000 | |||||||||
Number share issued upon conversion | 8,000 | |||||||||
Common Stock [Member] | Placement Agency Agreement [Member] | ||||||||||
Conversion price per share | $ 0.50 | |||||||||
Number share issued upon conversion | 16,000,000 | |||||||||
Common stock par value | $ 0.0001 | |||||||||
Number of common shares issued | 7,200,000 |