Notes Payable (Details Narrative) - USD ($) |
9 Months Ended | ||||
|---|---|---|---|---|---|
Jun. 30, 2016 |
May 27, 2016 |
Apr. 05, 2016 |
Dec. 24, 2015 |
Sep. 30, 2016 |
|
| Procceds from common stock | $ 2,000,000 | ||||
| Alternus Capital Holdings Ltd. [Member] | 8% Convertible Promissory Note Due On December 23, 2017 [Member] | |||||
| Debt principle amount | $ 400,000 | $ 600,000 | |||
| Debt instrument term | 2 years | ||||
| Debt conversion price (in dollars per share) | $ 0.665 | ||||
| Alternus Capital Holdings Ltd. [Member] | 8% Convertible Promissory Note Due On December 23, 2017 [Member] | |||||
| Debt principle amount | $ 400,000 | ||||
| Debt conversion price (in dollars per share) | $ 0.665 | ||||
| Original debt converted amount | $ 1,000,000 | ||||
| Number of shares issued upon conversion | 1,503,759 | ||||
| Description of agreement |
Under the agreements between Alternus and FPI, Alternus had the right but not the obligation to subscribe for an aggregate of up to $3,500,000 of convertible notes which, in the event of that full subscription would convert into not less than 30% of the outstanding shares of the “public” company. |
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| Berwin Trading Limited [Member] | Securities Purchase Agreement [Member] | |||||
| Procceds from common stock | $ 2,000,000 | ||||
| Number of shares issued | 3,007,519 | ||||
| Berwin Trading Limited [Member] | Subsequent Event [Member] | Securities Purchase Agreement [Member] | |||||
| Description of agreement |
Alternus transferred to Berwin Trading Limited its right to purchase the remaining $2,500,000 in equity in the Company at substantially the same terms as the conversion of the convertible note purchase agreement. |