Convertible Notes (Details Narrative) - USD ($) |
6 Months Ended | |||
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Oct. 23, 2018 |
May 14, 2018 |
Dec. 31, 2018 |
Dec. 31, 2017 |
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Debt Instrument [Line Items] | ||||
Principal amount | $ 25,000,000 | |||
Net proceeds from offering | 8,867,272 | |||
Debt Discount | $ 770,835 | |||
Number of shares issued (in dollars per share) | $ 4.25 | |||
6.5% Convertible Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Principal amount | $ 15,000,000 | |||
Maturity date | May 31, 2023 | |||
Conversion price | $ 5.00 | |||
Change in conversion price | $ 6.55 | |||
Increase in conversion value | $ 3,950,839 | |||
6.5% Convertible Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Principal amount | $ 10,000,000 | |||
Maturity date | Nov. 30, 2023 | |||
Net proceeds from offering | $ 8,900,000 | |||
Description of interest payment date | Interest on the notes accrues at the rate of 6.5% per year and is payable in cash on each February 28, May 31, August 31 and November 30, beginning February 28, 2019. | |||
Conversion price | $ 5.10 | |||
Description of debt conversion | The notes are convertible into common stock at the option of the holder at any time prior to maturity at an initial conversion price of $5.10 per share, subject to adjustment under certain circumstances. | |||
Debt Discount | $ 0 | |||
Number of shares issued (in dollars per share) | $ 4.25 |
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- Definition It represents description of interest payment date. No definition available.
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- Definition The amount of increase in conversion value. 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 The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per share decrease in conversion price of debt instrument. Excludes change due to standard antidilution provision. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Description of the conversion terms of a debt instrument which may include the conversion ratio (including all potential conversion ratios if contingently adjustable), type of debt or equity security into which the debt is convertible, the dollars of debt or the number of shares into which the instrument is convertible (or potentially convertible into), the conversion period, any contingencies associated with the conversion terms, and the existence and amount of a beneficial conversion feature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. 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 The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per share or per unit amount of equity securities issued. No definition available.
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- Details
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- Details
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