Convertible Notes Payable - Schedule of Convertible Notes Payable (Details) (Parenthetical)
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1 Months Ended |
3 Months Ended |
12 Months Ended |
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Oct. 30, 2018
USD ($)
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Oct. 19, 2018
USD ($)
shares
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Jan. 29, 2018
shares
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Dec. 14, 2017
USD ($)
Integer
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Dec. 08, 2017
USD ($)
Integer
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Sep. 26, 2017
USD ($)
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Sep. 16, 2017
USD ($)
$ / shares
shares
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Aug. 04, 2017
USD ($)
$ / shares
shares
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Dec. 30, 2016
USD ($)
$ / shares
shares
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Apr. 03, 2016
USD ($)
$ / shares
shares
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Mar. 31, 2018
USD ($)
shares
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Jan. 31, 2018
USD ($)
$ / shares
shares
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Aug. 31, 2017
USD ($)
$ / shares
shares
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Jun. 30, 2017
USD ($)
$ / shares
shares
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Nov. 30, 2017
USD ($)
$ / shares
shares
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Dec. 31, 2018
USD ($)
$ / shares
shares
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Dec. 31, 2017
USD ($)
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Dec. 04, 2018
shares
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Aug. 08, 2018
shares
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Mar. 28, 2018
$ / shares
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May 22, 2017
$ / shares
shares
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Number of warrant purchase shares | shares |
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18,333
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23,562
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163,113
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6,667
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Warrant price per share | $ / shares |
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$ 1.20
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$ 1.08
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$ 6.00
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Fair value of warrants |
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$ 1,188,000
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Debt extinguishment |
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$ 10,000
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$ (534,000)
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$ (977,000)
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Number of common stock shares issued upon conversion | shares |
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83,333
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1,243,189
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Proceeds from sale of common stock |
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$ 2,979,000
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796,000
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Financing costs |
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798,000
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643,000
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Repayment of debt |
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845,000
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Notes payable |
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125,000
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Proceeds from issuance of convertible notes |
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1,772,000
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813,000
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Unsecured Convertible Notes [Member] | Unaffiliated Third-Party [Member] |
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Outstanding balance of debt |
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$ 220,000
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$ 220,000
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Interest rate |
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5.00%
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5.00%
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Number of warrant purchase shares | shares |
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22,000
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22,000
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Warrant price per share | $ / shares |
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$ 4.50
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$ 4.50
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Fair value of warrants |
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$ 12,500
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$ 12,500
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Maturity date, description |
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February and March 2018
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February and March 2018
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Number of common stock shares issued upon conversion | shares |
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3,333
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3,333
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Exchange for cash |
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$ 200,000
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$ 200,000
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Original issue discount |
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10,500
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10,500
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Prepaid interest |
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$ 10,000
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$ 10,000
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Conversion price per share description |
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Convertible to shares of Common Stock at a conversion price of either $3.755 per share or $1.50 per share.
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Convertible to shares of Common Stock at a conversion price of either $3.755 per share or $1.50 per share.
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Convertible Note [Member] | Unaffiliated Third-Party [Member] |
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Outstanding balance of debt |
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22,000
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Fair value of warrants |
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40,000
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Number of common stock shares issued upon conversion | shares |
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102,900
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Original issue discount |
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175,000
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Prepaid interest |
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21,000
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Beneficial conversion feature |
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102,000
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Unamortized debt discount |
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40,000
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Two Unsecured Convertible Notes [Member] |
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Outstanding balance of debt |
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400,000
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Interest rate |
5.00%
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Maturity date |
Apr. 29, 2019
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Debt conversion percentage of amount |
75.00%
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Debt principal amount |
$ 400,000
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Unamortized debt discount |
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$ 201,000
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Fair value of derivatives |
$ 302,000
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Oceanside Strategies, Inc. [Member] | Extension Agreement [Member] |
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Outstanding balance of debt |
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$ 680,000
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$ 476,000
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680,000
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Maturity date |
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Aug. 04, 2018
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Aug. 04, 2017
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Number of warrant purchase shares | shares |
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87,787
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161,969
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Warrant price per share | $ / shares |
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$ 2.25
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$ 1.20
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Warrant exercisable date |
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Aug. 03, 2022
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Dec. 29, 2019
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Fair value of warrants |
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$ 171,000
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$ 159,000
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Maturity date, description |
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August 4, 2017 to April 4, 2018
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December 30, 2016 to August 4, 2017
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Debt extinguishment |
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$ 171,000
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$ 1,090,000
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Maximum rate of warrants issued |
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10.00%
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Number of common stock shares issued upon conversion | shares |
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305,967
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Fair value of common shares |
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$ 65,469
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Percentage of shares issued in settlement of debt |
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70.00%
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Oceanside Strategies, Inc. [Member] | Convertible Note Payable [Member] |
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Outstanding balance of debt |
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$ 680,000
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Interest rate |
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12.00%
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Maturity date |
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Dec. 30, 2016
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Debt conversion percentage of amount |
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30.00%
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Debt principal amount |
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$ 204,000
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Debt conversion price per share | $ / shares |
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$ 1.05
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Number of warrant purchase shares | shares |
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161,969
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Warrant price per share | $ / shares |
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$ 1.05
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Oceanside Strategies, Inc. [Member] | New Note [Member] |
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Debt principal amount |
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$ 680,000
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Kodiak Capital Group, LLC [Member] | Purchase Agreement [Member] |
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Outstanding balance of debt |
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$ 100,000
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320,000
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Debt extinguishment |
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23,000
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Unamortized debt discount |
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114,000
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191,000
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Proceeds from sale of common stock |
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$ 2,000,000
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Purchase price of shares |
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$ 2,000,000
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Repayment of debt |
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226,000
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Notes payable |
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220,000
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Amortization of debt discount |
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77,000
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Kodiak Capital Group, LLC [Member] | Three Convertible Notes Payable [Member] | Purchase Agreement [Member] |
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Outstanding balance of debt |
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$ 320,000
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Interest rate |
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5.00%
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Debt conversion percentage of amount |
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70.00%
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Debt conversion price per share | $ / shares |
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$ 3.75
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Number of warrant purchase shares | shares |
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133,333
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Warrant price per share | $ / shares |
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$ 2.25
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$ 3.00
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Maturity date, description |
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March 2018 through June 2018
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Exchange for cash |
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$ 200,000
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Original issue discount |
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20,000
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Settlement of financing expense |
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100,000
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Fair value of derivatives |
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412,000
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Financing costs |
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92,000
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Amortization of debt discount |
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$ 320,000
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Warrants term |
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5 years
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EMA Financial and Auctus Fund [Member] | Convertible Note Payable [Member] |
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Outstanding balance of debt |
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$ 150,000
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Interest rate |
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8.00%
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Maturity date |
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Jan. 31, 2019
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Debt conversion percentage of amount |
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70.00%
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Exchange for cash |
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$ 130,000
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Original issue discount |
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20,000
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Fair value of derivatives |
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253,000
|
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Financing costs |
|
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|
|
|
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|
$ 103,000
|
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|
EMA Financial and Auctus Fund [Member] | Unsecured Convertible Notes [Member] |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding balance of debt |
|
|
|
|
$ 370,000
|
|
|
|
|
|
|
|
|
|
|
|
370,000
|
|
|
|
|
Interest rate |
|
|
|
|
8.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maturity date |
|
|
|
|
Dec. 08, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt conversion percentage of amount |
|
|
|
|
70.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrant purchase shares | shares |
|
|
|
|
|
|
|
|
|
|
|
66,667
|
|
|
|
160,000
|
|
|
|
|
|
Warrant price per share | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
$ 2.10
|
|
|
|
$ 1.65
|
|
|
|
|
|
Exchange for cash |
|
|
|
|
$ 323,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Original issue discount |
|
|
|
|
47,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized debt discount |
|
|
|
|
|
|
|
|
|
|
494,000
|
|
|
|
|
|
$ 344,000
|
|
|
|
|
Fair value of derivatives |
|
|
|
|
565,000
|
|
|
|
|
|
|
$ 49,000
|
|
|
|
$ 119,000
|
|
|
|
|
|
Financing costs |
|
|
|
|
$ 195,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description on warrants |
|
|
|
|
|
|
|
|
|
|
|
Warrants to purchase up to 33,333 shares of Common Stock included (i) a full ratchet reset provision in the event the Company engaged in a future equity offering at an offering price less than $2.10 per share and (ii) a fundamental transaction provision that could give rise to an obligation to pay cash to the warrant holder and a reset of the exercise price.
|
|
|
|
Warrants to acquire up to 80,000 shares of Common Stock contained (i) a full ratchet reset provision in the event the Company engages in a future equity offering and the Company offers equity securities at a price less than $1.65 per share and (ii) a fundamental transaction provision that could give rise to an obligation to pay cash to the warrant holder.
|
|
|
|
|
|
Warrants term |
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
5 years
|
|
|
|
|
|
Number of consecutive trading days | Integer |
|
|
|
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PowerUp Lending Group, Ltd. [Member] | Unsecured Convertible Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding balance of debt |
|
|
|
$ 105,000
|
|
|
|
|
|
|
|
|
|
|
|
$ 105,000
|
|
|
|
|
|
Interest rate |
|
|
|
8.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maturity date |
|
|
|
Sep. 20, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt conversion percentage of amount |
|
|
|
70.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exchange for cash |
|
|
|
$ 90,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Original issue discount |
|
|
|
15,000
|
|
|
|
|
|
|
|
|
|
|
|
15,000
|
|
|
|
|
|
Unamortized debt discount |
|
|
|
|
|
|
|
|
|
|
$ 100,000
|
|
|
|
|
100,000
|
|
|
|
|
|
Fair value of derivatives |
|
|
|
160,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing costs |
|
|
|
55,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of debt discount |
|
|
|
$ 105,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of consecutive trading days | Integer |
|
|
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bellridge Capital, LP [Member] | Unsecured Convertible Notes [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding balance of debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,500,000
|
|
|
|
|
|
Interest rate |
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maturity date |
|
Apr. 30, 2019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt conversion percentage of amount |
|
70.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt principal amount |
|
$ 1,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of common stock shares issued upon conversion | shares |
|
96,667
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of common shares |
|
$ 595,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Original issue discount |
|
150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unamortized debt discount |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
881,000
|
|
|
|
|
|
Settlement of financing expense |
|
109,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of derivatives |
|
1,273,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 626,000
|
|
|
|
|
|
Proceeds from issuance of convertible notes |
|
1,242,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate cost incurred |
|
$ 2,126,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|