Convertible Notes Payable (Details Textual) - USD ($) |
1 Months Ended | 3 Months Ended | ||||
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Dec. 09, 2019 |
Sep. 06, 2019 |
Jun. 06, 2017 |
Mar. 31, 2020 |
Mar. 31, 2019 |
Dec. 31, 2019 |
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Convertible Notes Payable (Textual) | ||||||
Aggregate derivative expense | $ 1,310,654 | $ 890,410 | ||||
Amortization of debt discount | 148,917 | $ 2,883 | ||||
Interest expense | 241,203 | 52,534 | ||||
Securities Purchase Agreements [Member] | ||||||
Convertible Notes Payable (Textual) | ||||||
Maturity date | Sep. 09, 2020 | |||||
Principal balance | 57,750 | |||||
Warrant to purchase | $ 144,375 | |||||
Original principal amount | $ 130,000 | |||||
Interest rate | 12.00% | 12.00% | ||||
Original issue discount | $ 15,000 | $ 5,000 | ||||
Origination fees, net | 2,750 | |||||
Issued shares of common stock | 300,000 | |||||
Net proceeds value | $ 115,000 | 50,000 | ||||
Convertible Promissory Notes [Member] | ||||||
Convertible Notes Payable (Textual) | ||||||
Convertible promissory note | $ 130,000 | |||||
Accrued interest rate | 12.00% | |||||
Interest expense related to convertible note | $ 156,236 | 34,547 | ||||
Weighted average interest rate | 14.70% | 8.50% | ||||
Warrant to purchase shares of common stock | 1,050,000 | |||||
Warrant initial exercise price | $ 0.10 | |||||
Net proceeds value | $ 320,351 | |||||
Aggregate derivative expense | 1,194,375 | |||||
Fair value of the warrants | 61,899 | |||||
Amortization of debt discount | 143,334 | $ 2,883 | ||||
Interest expense | 8,676 | |||||
Current period operations as initial derivative expense | 273,297 | |||||
Derivative expense | $ 378,920 | |||||
Convertible Promissory Notes [Member] | Securities Purchase Agreements [Member] | ||||||
Convertible Notes Payable (Textual) | ||||||
Convertible promissory note | 300,000 | $ 300,000 | ||||
Debt conversion, description | (i) the lowest Trading Price (as defined below) during the previous twenty-five Trading Day period ending on the latest complete Trading Day prior to the date of this Note, and (ii) the Variable Conversion Price (as defined below) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Company). The "Variable Conversion Price" shall mean 60% multiplied by the Market Price (as defined herein) (representing a discount rate of 40%). "Market Price" means the lowest Trading Price (as defined below) for the Company's common stock during the twenty-five Trading Day period ending on the latest complete Trading Day prior to the Conversion Date. | |||||
Maturity date | Jun. 06, 2020 | |||||
Principal balance | $ 130,000 | |||||
Interest rate | 12.00% | 12.00% | ||||
Original issue discount | $ 30,000 | $ 30,000 | ||||
Received net proceeds | 267,250 | |||||
Origination fees, net | $ 2,750 | |||||
Warrant to purchase shares of common stock | 750,000 | 750,000 | ||||
Warrant initial exercise price | $ 0.10 | |||||
Net proceeds value | $ 267,250 | $ 267,250 | ||||
Net of origination fees | $ 2,750 | $ 2,750 |
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- References No definition available.
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- Definition Debt discount. No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Principal balance. No definition available.
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- References No definition available.
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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The number of new shares issued in the conversion of stock in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The name of the original debt issue that has been converted in a noncash (or part noncash) transaction during the accounting period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. No definition available.
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- Definition Amount of the total principal payments made during the annual reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Incremental percentage increase (decrease) in the stated rate on a debt instrument. No definition available.
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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 Weighted average interest rate of debt outstanding. No definition available.
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Excess (deficiency) of net proceeds received over the net carrying value of a certain, bundled grouping of insurance policies. No definition available.
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash inflow from additional borrowings, net of cash paid to third parties in connection with debt origination. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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