Notes Payable (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | |||||
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Jun. 30, 2016 |
May 27, 2016 |
Apr. 05, 2016 |
Dec. 31, 2015 |
Dec. 24, 2015 |
Dec. 30, 2016 |
Dec. 31, 2016 |
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Procceds from common stock | $ 2,000,000 | ||||||
Alternus Capital Holdings Ltd. [Member] | 8% Convertible Promissory Note Due On December 23, 2017 [Member] | |||||||
Debt principal 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 principal 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 then outstanding shares of the “public” company. |
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Berwin Trading Limited [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. |
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Procceds from common stock | $ 2,000,000 | ||||||
Number of shares issued | 3,007,519 | ||||||
Total Belief Limited [Member] | |||||||
Procceds from common stock | $ 3,812,500 | ||||||
Number of shares issued | 2,083,334 | ||||||
Total Belief Limited [Member] | Securities Purchase Agreement [Member] | |||||||
Debt principal amount | $ 6,000,000 | ||||||
Maturity date | Jun. 30, 2018 |
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- Definition Refers to the description of agreement terms. No definition available.
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- Definition The number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of the original debt being converted in a noncash (or part noncash) transaction. "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 The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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/presentationRef
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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