Commitments (Details Narrative) - USD ($) |
3 Months Ended | |||
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Mar. 23, 2017 |
Sep. 30, 2017 |
Sep. 30, 2016 |
Jun. 30, 2017 |
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Discount rate | 14.10% | |||
Contingent liability | $ 1,730,542 | $ 1,730,542 | ||
36 - Month Lease Agreement [Member] | Building [Member] | Huntersville, North Carolina [Member] | ||||
Annual rent | 17,107 | $ 14,202 | ||
36 - Month Lease Agreement [Member] | Equipment [Member] | Canandaigua, New York [Member] | ||||
Annual rent | $ 35,000 | $ 0 | ||
Asset Purchase Agreement [Member] | Fuller Road Management Corporation (FRMC) [Member] | Research Foundation for the State University of New York (RF-SUNY) [Member] | ||||
Description of agreement |
If the Company sells the property subject to the RP Agreement within three (3) years after the date of the RP Agreement for an amount in excess of $1,750,000, subject to certain enumerated exceptions. |
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Description of penalty |
The penalty imposed shall be equivalent to the amount that the sales price of the property exceeds $1,750,000 up to the maximum penalty (“Maximum Penalty”). |
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- Definition Represent information about the description of agreement. No definition available.
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- Definition Represent information about the description of penalty. No definition available.
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- Definition Fair value of contingent consideration in a business combination that is classified in shareholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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