Subsequent Events (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | ||
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Dec. 23, 2020 |
May 05, 2021 |
Mar. 31, 2021 |
Mar. 31, 2020 |
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Warrants issued | 521,200 | |||
Warrants term | 5 years | |||
Warrant exercise price per share | $ 3.50 | |||
Proceeds from related party loan | $ 85,000 | $ 8,500 | ||
Debt description | We are obligated to issue 100,000 warrants if the loan is not repaid before January 23, 2021 and an additional 10,000 shares of common stock and 100,000 warrants if the loan is not repaid before February 23, 2021. We are also obligated to issue 10,000 shares of common stock and 200,000 warrants if the loan is not repaid before March 23, 2021. During the quarter ended March 31,2021 the Company issued 400,000 warrants to this lender ($3.50 exercise price and five year term) with a fair value of $600,298. The Company is also obligated to issue 10,000 shares of common stock to this lender every 31 days up to the loan’s maturity date on June 23, 2021. | |||
Issuance of common stock for interest paid-in-kind | $ 2,021,780 | |||
Merchant Agreements [Member] | ||||
Repayments of debt | $ 300,000 | |||
Issuance of common stock for interest paid-in-kind, shares | 331,370 | |||
Issuance of common stock for interest paid-in-kind | $ 671,066 | |||
Subsequent Event [Member] | ||||
Proceeds from loans | $ 747,500 | |||
Warrants issued | 299,000 | |||
Warrants term | 5 years | |||
Warrant exercise price per share | $ 3.50 | |||
Debt, conversion price per share | $ 2.50 | |||
Debt, interest rate | 10.00% | |||
Subsequent Event [Member] | New Related Party [Member] | ||||
Proceeds from related party loan | $ 50,000 | |||
Debt description | Merchant Cash lender agreement (collecting $200,000 of which $27,580 was used to settle an existing merchant agreement dated November 19, 2020). Under the Merchant Cash agreement, the Company pays $1,970 each business day to the Merchant Cash lender until the lender has received cumulative payments of $275,800. |
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- Definition Issuance of common stock for interest paid-in-kind. No definition available.
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- Definition Issuance of common stock for interest paid-in-kind, shares No definition available.
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- Definition Exercise price per share or per unit of warrants or rights outstanding. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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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 Identification of the lender and information about a contractual promise to repay a short-term or long-term obligation, which includes borrowings under lines of credit, notes payable, commercial paper, bonds payable, debentures, and other contractual obligations for payment. This may include rationale for entering into the arrangement, significant terms of the arrangement, which may include amount, repayment terms, priority, collateral required, debt covenants, borrowing capacity, call features, participation rights, conversion provisions, sinking-fund requirements, voting rights, basis for conversion if convertible and remarketing provisions. The description may be provided for individual debt instruments, rational groupings of debt instruments, or by debt in total. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Cash received from principal payments made on loans related to operating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow during the period from the repayment of aggregate short-term and long-term debt. Excludes payment of capital lease obligations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Period between issuance and expiration of outstanding warrant and right embodying unconditional obligation requiring redemption by transferring asset at specified or determinable date or upon event certain to occur, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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