Stockholders' Deficit (Details Narrative) - USD ($)
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1 Months Ended |
12 Months Ended |
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Jun. 30, 2020 |
Apr. 22, 2020 |
Sep. 01, 2019 |
Jul. 03, 2019 |
Jun. 30, 2019 |
Mar. 27, 2019 |
Mar. 22, 2019 |
Jan. 29, 2019 |
Jan. 04, 2019 |
Dec. 31, 2018 |
Dec. 26, 2018 |
Sep. 28, 2018 |
Jun. 21, 2018 |
Apr. 26, 2018 |
Apr. 01, 2018 |
Dec. 31, 2018 |
Jun. 30, 2020 |
Jun. 30, 2019 |
Nov. 26, 2014 |
Jan. 26, 2014 |
Number of shares issued |
2,000,000
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Number of shares issued, value |
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$ 1,365,000
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$ 4,390,000
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Common stock per share |
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$ 4.00
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Number of common stock shares sold |
275,000
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Proceeds from offering |
$ 1,100,000
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Aggregate intrinsic value of exercisable options |
608,000
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$ 608,000
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Share based compensation, number of shares authorized |
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1,000,000
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Number of stock issued for serivces |
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Unrecognized stock-based compensation expense |
$ 933,000
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$ 933,000
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Unrecognized stock-based compensation weighted average period |
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7 years 3 months 8 days
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Number of shares purchase upto |
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83,205
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Warrants term |
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3 years
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Warrants outstanding, description |
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The Cleveland Warrant was amended and restated to change the warrant coverage from 0.5% to 1% of the number of shares of common stock outstanding after giving effect to the total number of shares of common stock sold in the next private or public offering (Offering).
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We issued Cleveland a three-year warrant (the Cleveland Warrant) to purchase the Company's common stock in a number equal to one-half percent (0.5%) of the number of shares of common stock outstanding after giving effect to the total number of shares of common stock sold in a public offering.
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2014 Equity Incentive Plan [Member] |
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Share based compensation, number of shares authorized |
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1,000,000
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Secured Promissory Note [Member] |
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Principal and accrued interest |
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$ 7,383,000
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Number of shares converted into common stock |
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1,845,830
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Debt conversion description |
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An aggregate of approximately $7,383,000 in principal and accrued interest outstanding under the LOC was converted into 1,845,830 shares of common stock, which consisted of (a) partial conversion of Principal plus interest under the Esenjay LOC Note in the amount of $4,400,000 into 1,100,000 shares of common stock at $4.00 per share, and (b) conversion of approximately $2,983,000 of the secured promissory notes issued in connection with the LOC, principal plus accrued interest, by other lenders, including certain assignees of the Esenjay LOC Note, into 745,830 shares of common stock.
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Esenjay LOC Note [Member] |
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Conversion price per share |
$ 4.00
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$ 4.00
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Principal and accrued interest |
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$ 4,400,000
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Number of shares converted into common stock |
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1,100,000
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Common Stock [Member] |
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Number of shares issued |
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399,257
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Number of shares issued, value |
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$ 4,392,000
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Two Accredited Investors [Member] |
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Number of shares issued |
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66,250
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63,347
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Number of shares issued, value |
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$ 265,000
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$ 697,000
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Sale of stock price per share |
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$ 4.00
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$ 11.00
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Esenjay [Member] |
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Proceeds from offering |
$ 300,000
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Dutt [Member] |
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Proceeds from offering |
$ 50,000
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Cleveland Capital L.P [Member] |
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Number of common stock shares sold |
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335,910
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Number of common stock shares sold, value |
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$ 3,695,000
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Sale of stock price per share |
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$ 11.00
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Proceeds from offering |
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$ 2,600,000
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Catalyst Global LLC [Member] | Advisory Agreement [Member] |
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Monthly fees for services |
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$ 4,500
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Number of stock issued for serivces |
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3,484
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Catalyst Global LLC [Member] | Advisory Agreement [Member] | Tranche One [Member] |
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Sale of stock price per share |
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$ 15.50
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Monthly fees for services |
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$ 871
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Number of stock issued for serivces |
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13,500
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Catalyst Global LLC [Member] | Advisory Agreement [Member] | Tranche Two [Member] |
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Sale of stock price per share |
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$ 20.10
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Monthly fees for services |
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$ 871
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Number of stock issued for serivces |
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17,507
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Catalyst Global LLC [Member] | Advisory Agreement [Member] | Tranche Three [Member] |
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Sale of stock price per share |
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$ 17.50
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$ 17.50
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Monthly fees for services |
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$ 871
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Number of stock issued for serivces |
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15,243
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Catalyst Global LLC [Member] | Advisory Agreement [Member] | Tranche Four [Member] |
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Sale of stock price per share |
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$ 13.10
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Monthly fees for services |
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$ 871
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Number of stock issued for serivces |
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11,410
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Shenzhen Reach Investment Development Co. [Member] | Consulting Agreement [Member] |
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Monthly fees for services |
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$ 17,468
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$ 17,468
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Shenzhen Reach Investment Development Co. [Member] | Consulting Agreement [Member] | Tranche One [Member] |
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Sale of stock price per share |
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$ 5.20
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Monthly fees for services |
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$ 5,765
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Number of stock issued for serivces |
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29,978
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Shenzhen Reach Investment Development Co. [Member] | Consulting Agreement [Member] | Tranche Two [Member] |
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Sale of stock price per share |
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$ 17.00
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Monthly fees for services |
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$ 2,926
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Number of stock issued for serivces |
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49,742
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Shenzhen Reach Investment Development Co. [Member] | Consulting Agreement [Member] | Tranche Three [Member] |
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Sale of stock price per share |
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$ 20.10
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Monthly fees for services |
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$ 2,926
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Number of stock issued for serivces |
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58,813
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Shenzhen Reach Investment Development Co. [Member] | Consulting Agreement [Member] | Tranche Four [Member] |
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Sale of stock price per share |
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$ 13.90
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Monthly fees for services |
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$ 2,926
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Number of stock issued for serivces |
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40,671
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Shenzhen Reach Investment Development Co. [Member] | Consulting Agreement [Member] | Tranche Five [Member] |
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Sale of stock price per share |
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$ 13.60
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Monthly fees for services |
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$ 2,926
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Number of stock issued for serivces |
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39,794
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Investor [Member] | Private Placement [Member] |
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Number of shares issued |
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454,546
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Number of shares issued, value |
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$ 5,000,000
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Common stock per share |
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$ 11.00
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$ 11.00
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Investor [Member] | Private Placement [Member] | Maximum [Member] |
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Number of shares issued, value |
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$ 7,000,000
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Lenders [Member] | Secured Promissory Note [Member] |
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Conversion price per share |
$ 4.00
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$ 4.00
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Other Lenders [Member] | Secured Promissory Note [Member] |
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Principal and accrued interest |
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$ 2,983,000
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Number of shares converted into common stock |
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745,830
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Other Lenders [Member] | Esenjay LOC Note [Member] |
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Number of shares issued |
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745,830
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Two Accredited Investors [Member] | Esenjay Note [Member] |
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Conversion price per share |
$ 4.00
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$ 4.00
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Principal and accrued interest |
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$ 500,000
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Number of shares converted into common stock |
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125,000
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