Annual report pursuant to Section 13 and 15(d)

Convertible Notes Payable (Narrative) (Details1)

v3.20.1
Convertible Notes Payable (Narrative) (Details1) - USD ($)
 9 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 20, 2017
Nov. 11, 2017
Nov. 01, 2017
Sep. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Short-term Debt [Line Items]
Net proceeds from convertible promissory notes $ 2,802,500 $ 2,541,470
Convertible notes payable $ 4,002,528 $ 2,028,849
Warrants [Member]
Short-term Debt [Line Items]
Warrants issued for debt as an investment incentive 2,370,298 1,827,564
Secured Convertible Promissory Notes Dated November 01, 2017 - St George Investments [Member]
Short-term Debt [Line Items]
Convertible promissory note face value $ 601,420
Convertible promissory note interest rate 10.00%
Convertible promissory note interest rate description The promissory note bears interest at 10% compounded daily This note was in default, but the lender has not enforced the default interest rate.
Convertible promissory note due date Sep. 10, 2018
Convertible promissory note original issue discount $ 59,220
Net proceeds from convertible promissory notes $ 542,200
Convertible notes payable $ 417,890
Accrued interest $ 38,378
Convertible promissory note conversion terms The promissory notes are convertible, at any time at the lender’s option, at $0.04. However, in the event the Company’s market capitalization (as defined) falls below $30,000,000, the conversion rate is 60% of the 3 lowest closing trade prices due the 20 trading days immediately preceding date of conversion, subject to additional adjustments, as defined. In addition, the promissory note includes certain anti-dilution provisions should the Company subsequently issue any common stock or equivalents at an effective price less than the lender conversion price.
Convertible promissory note payment terms The Company has a right to prepayment of the note, subject to a 20% prepayment premium and is secured by a trust deed of certain assets of the Company.
Secured Convertible Promissory Notes Dated December 20, 2017 - St George Investments [Member]
Short-term Debt [Line Items]
Convertible promissory note face value $ 1,655,000
Convertible promissory note interest rate 10.00%
Convertible promissory note interest rate description The promissory note bears interest at 10% compounded daily
Convertible promissory note due date Oct. 27, 2018
Convertible promissory note original issue discount $ 155,000
Net proceeds from convertible promissory notes $ 300,000 $ 1,200,000
Legal, accounting and other transaction costs with respect to convertible promissory note $ 5,000
Convertible promissory note description The promissory note was funded in nine tranches of $300,000; $200,000; $200,000; $400,000; $75,000; $150,000; $85,000; $120,000 and $70,000, resulting in aggregate net proceeds of $1,500,000.
Convertible promissory note conversion terms The promissory notes are convertible, at any time at the lender’s option, at $2.40 per share. However, in the event the Company’s market capitalization (as defined) falls below $30,000,000, the conversion rate is 60% of the 3 lowest closing trade prices due the 20 trading days immediately preceding date of conversion, subject to additional adjustments, as defined. In addition, the promissory note includes certain anti-dilution provisions should the Company subsequently issue any common stock or equivalents at an effective price less than the lender conversion price.
Convertible promissory note payment terms The Company has a right to prepayment of the note, subject to a 20% prepayment premium and is secured by a trust deed of certain assets of the Company.
Secured Convertible Promissory Notes Dated December 20, 2017 - St George Investments [Member] | Warrants [Member]
Short-term Debt [Line Items]
Warrants issued for debt as an investment incentive 1,100,000
Cashless warrant period 5 years
Exercisable price $ 2.40