Quarterly report pursuant to Section 13 or 15(d)

Convertible Debentures (Details Textual)

v3.20.2
Convertible Debentures (Details Textual) - USD ($)
6 Months Ended
Nov. 12, 2019
Jun. 30, 2020
Jun. 30, 2019
Jul. 30, 2020
Apr. 30, 2020
Dec. 31, 2019
Convertible Debentures (Textual)            
Maximum principal amount $ 326,250          
Debt conversion, converted instrument amount   $ 200,000      
Common stock, shares issued 5,404 8,596,189       1,157,890
Interest rate 9.00%     51.00% 5.00%  
Securities Purchase Agreement [Member]            
Convertible Debentures (Textual)            
Maximum principal amount $ 480,770          
Proceeds from original issue discount $ 375,000          
Original issue discount 22.00%          
Redemption of debenture, description The Company had the right to redeem all or a portion of the outstanding principal of the Debenture (i) prior to the maturity date without interest and with no conversion by the investor and (ii) after the maturity date at a premium of <span style="border-left: none; border-right: none;">120</span>%, and with interest accruing at <span style="border-left: none; border-right: none;">24</span>% from the maturity date. A<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">s of December 13, 2019 the Debenture was paid back in full to the investor. </span>          
Conversion of debenture to shares, description <span style="font-size: 10pt; color: #000000;">The Debenture was convertible into shares of the Company’s common stock only upon (i) the occurrence of an Event of Default (as defined in the Debenture) or (ii) at maturity in the event any principal remained outstanding, at a conversion price equal to the lower of (x) <span style="border-left: none; border-right: none;">67.5</span>% of the lowest daily VWAPs of the common stock during the five consecutive trading days immediately preceding the Event of Default or date of maturity or (y) if the Debenture was not fully paid as of the Maturity, the lowest daily VWAP during the ten (10) consecutive trading days immediately preceding the date of the applicable Conversion, and based on a conversion amount determined by the product of (x) the portion of the principal and accrued interest to be converted and (y) <span style="border-left: none; border-right: none;">120</span>% or (y) if the Debenture was not fully paid as of the Maturity Date and no conversions had been effected under the Debenture, the lowest daily VWAP during the ten (10) consecutive Trading Days immediately preceding the date of the applicable Conversion; provided, however, that the Company will not issue any shares of common stock upon conversion of the Debenture if the investor would exceed the aggregate number of shares of common stock which the Company may issue upon conversion or exercise (as the case may be) of the Debenture without breaching the Company’s obligations under the rules or regulations of the Nasdaq Stock Market, including rules related to the aggregate of offerings under NASDAQ Listing Rule 5635(d) (which limited such issuance to <span style="border-left: none; border-right: none;">60,048</span> shares, which was <span style="border-left: none; border-right: none;">19.99</span>% of the Company’s outstanding shares as of the date of issuance). In addition, subject to limited exceptions, the investor will not have the right to convert any portion of the Debenture if the investor, together with its affiliates, would beneficially own in excess of <span style="border-left: none; border-right: none;">4.99</span>% of the number of shares of the Company’s common stock outstanding immediately after giving effect to its conversion</span><span style="color: #000000;"> </span><span style="font-size: 10.0pt; color: black;">and under no circumstances may convert the Debenture if the investor, together with its affiliates, would beneficially own in excess of <span style="border-left: none; border-right: none;">9.99</span>% of the number of shares of the Company’s common stock outstanding immediately after giving effect to its conversion.</span>          
Placement Agency Agreement [Member]            
Convertible Debentures (Textual)            
Expense fee $ 15,000          
Percentage of exercise price 110.00%          
Common stock, shares issued 5,404          
Interest rate 9.00%