2019 Senior 8% Convertible Notes Payable (Details Narrative) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2019 |
Dec. 31, 2019 |
Jun. 30, 2020 |
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Senior convertible notes, outstanding | $ 805,000 | $ 805,000 | $ 805,000 |
Warrants to purchase shares of common stock | 56,350 | 56,350 | |
2019 Senior Notes [Member] | |||
Senior convertible notes, outstanding | $ 805,000 | $ 805,000 | |
Debt interest rate | 8.00% | 8.00% | |
Debt principal amount | $ 1,000 | $ 1,000 | |
Warrants to purchase shares of common stock | 70 | 70 | |
Warrants exercise price | $ 19.04 | $ 19.04 | |
Debt maturity date | Dec. 15, 2020 | Dec. 15, 2020 | |
Debt conversion price, description | The 2019 Senior Notes, plus any accrued interest, is convertible into shares of our common stock at a conversion price equal to the lower of (i) $14.28 per share or (ii) a price per share equal to a 10% discount to the pre-money valuation of a Qualified Financing or an Equity State Transaction, both as defined in the 2019 Senior Note agreement, occurring after the closing of the 2019 Senior Note financing. | ||
Discount percentage | 10.00% | 10.00% | |
Debt issuance costs | $ 4,280 | $ 4,280 | |
2019 Senior Notes [Member] | Warrant [Member] | |||
Warrants to purchase shares of common stock | 56,350 | 56,350 | |
Warrants exercise price | $ 19.04 | $ 19.04 |
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- Definition Debt conversion price, description. No definition available.
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- Definition Discount percentage. 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/disclosureRef
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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/disclosureRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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