Related Party Transactions (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | |||
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May. 22, 2015 |
Jun. 30, 2014 |
Mar. 31, 2013 |
Jun. 30, 2015 |
Apr. 30, 2015 |
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Converted note into shares | $ 10,000 | ||||
Net note investment remaining | $ 645,000 | ||||
Cancellation Common Stock | $ 9,854,019 | ||||
Private Placement [Member] | |||||
Sale of common stock | On May 22, 2015, concurrently with the closing of the Merger, and as a condition to the Merger, we held a closing on a private placement offering in which we sold 3,531,104 shares of our Common Stock, at a purchase price of $1.50 per share. On June 10, 2015, we completed a second and final closing of the private placement offering in which we sold an additional 261,000 shares of common stock. In total, we sold an aggregate of 3,792,104 shares of common stock. | ||||
Aggregate gross proceeds from the offering | $ 5,688,156 | ||||
Placement agent fees and offering expenses | $ 801,581 | ||||
founders and angel investors [Member] | |||||
Capital contribution | $ 30,000 | ||||
Purchased principal amount | $ 200,000 | ||||
Issued convertible notes in exchange for investments | 655,000 | ||||
Legal and audit expenses | $ 35,000 | ||||
Chief Executive Officer [Member] | |||||
Management fee | 175,000 | ||||
Related party transaction | $ 30,000 | ||||
Related party loan term | 12 months |
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- Definition Issued convertible notes in exchange for investments. No definition available.
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- Definition Net note investment remaining. No definition available.
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- Definition Placement agent fees and offering expenses. No definition available.
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- Definition Purchased principal amount. No definition available.
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- Definition Related party loan term. No definition available.
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- Definition The value of the stock converted 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://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of discretionary contributions made by an employer to a defined contribution plan. No definition available.
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- Definition The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expenses related to the managing member or general partner for management of the day-to-day business functions of the limited liability company (LLC) or limited partnership (LP). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow associated with the amount received from entity's first offering of stock to the public. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Purchases during the period (excluding transactions that are eliminated in consolidated or combined financial statements) with related party. No definition available.
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- Definition Description of stock transaction which may include details of the offering (IPO, private placement), a description of the stock sold, percentage of subsidiary's or equity investee's stock sold, a description of the investors and whether the stock was issued in a business combination. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated. No definition available.
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