Common Stock (Details Narrative) - USD ($)
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12 Months Ended |
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Dec. 30, 2017 |
Nov. 17, 2017 |
Nov. 07, 2017 |
Nov. 06, 2017 |
Nov. 03, 2017 |
Nov. 03, 2017 |
Sep. 29, 2017 |
Aug. 15, 2017 |
Jul. 10, 2017 |
Jun. 30, 2017 |
Jun. 15, 2017 |
May 31, 2017 |
May 15, 2017 |
Feb. 27, 2017 |
Feb. 15, 2017 |
Dec. 30, 2016 |
Aug. 15, 2016 |
Jun. 30, 2016 |
May 27, 2016 |
May 19, 2016 |
May 16, 2016 |
May 02, 2016 |
Apr. 01, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Number of shares granted |
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275,000
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Number of shares issued |
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50,000
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4,500,000
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Number of shares issued, value |
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$ 270,000
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$ 2,000,000
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Forward stock split ratio |
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4:1 forward split of our shares of common stock.
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Number of warrants to purchase common shares |
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50,000
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Warrant exercise price per share |
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$ 1.00
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$ 1.00
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Common stock, par value |
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$ 0.0001
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$ 0.0001
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Strike price |
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$ 1.00
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$ 3.00
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Description on warrants |
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If the Company fails to pay the principal and accrued unpaid interest due and payable to Lender on or before the due date of the convertible note, then the Lender shall be provided the right to convert at either $0.665 per share or upon the same terms offered in FirstFire Opportunity Fund, LLC Notes conversion options.
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Number of shares granted, value |
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$ 453,500
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$ 10,312
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Common stock, shares issued |
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14,900,627
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13,779,612
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Common stock, shares outstanding |
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14,900,627
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13,779,612
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Warrant expiration date |
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May 07, 2019
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Fair value of warrants |
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$ 3,381
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Number of stock option shares granted |
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1,600,000
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450,000
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Option expenses |
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$ 816,139
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$ 0
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Unamortized option expense |
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$ 17,869,818
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Berwin Debenture [Member] |
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Number of shares issued |
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100,000
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Number of shares issued, value |
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$ 48,000
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Well Debenture [Member] |
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Number of shares issued |
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100,000
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Number of shares issued, value |
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$ 48,000
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Debenture [Member] |
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Number of shares issued |
30,000
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75,000
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Number of shares issued, value |
$ 9,900
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$ 36,000
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Convertible Promissory Note [Member] |
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Number of shares issued |
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60,000
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Number of shares issued, value |
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$ 18,250
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Senior Convertible Promissory Note [Member] |
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Debt principal amount |
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$ 267,500
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$ 50,000
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Volatility Rate [Member] |
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Fair value assumptions, measurement input, percentages |
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78.00%
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77.00%
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94.00%
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Discount Rate [Member] |
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Fair value assumptions, measurement input, percentages |
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0.00%
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0.00%
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0.00%
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Dividend Yield [Member] |
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Fair value assumptions, measurement input, percentages |
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0.00%
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0.00%
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0.00%
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Expected Life [Member] |
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Fair value assumptions, measurement input, term |
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1 year 6 months
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1 year 6 months
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3 years
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Warrants [Member] |
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Number of warrants to purchase common shares |
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267,500
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Warrant term |
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18 months
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Warrant exercise price per share |
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$ 1.00
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$ 1.56
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$ 2.32
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Fair value of warrants |
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$ 10,750
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$ 2,144
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Warrants [Member] | Volatility Rate [Member] |
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Fair value assumptions, measurement input, percentages |
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78.00%
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77.00%
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120.00%
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Warrants [Member] | Discount Rate [Member] |
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Fair value assumptions, measurement input, percentages |
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0.00%
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0.00%
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0.00%
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Warrants [Member] | Dividend Yield [Member] |
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Fair value assumptions, measurement input, percentages |
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0.00%
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0.00%
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0.00%
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Warrants [Member] | Expected Life [Member] |
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Fair value assumptions, measurement input, term |
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1 year 6 months
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1 year 6 months
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5 years
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Securities Purchase Agreement [Member] |
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Number of shares issued |
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100,752
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25,000
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Number of shares issued, value |
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$ 25,000
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Number of warrants to purchase common shares |
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300,752
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Warrant exercise price per share |
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$ 0.665
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$ 1.50
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1.50
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Warrant minimum exercisable term |
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3 years
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Purchase price |
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$ 1.00
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Strike price |
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$ 0.665
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$ 0.665
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Description on warrants |
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Each unit consisted of one share of the Company's common stock and one warrant to purchase a share of the Company's common stock
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Interest expenses |
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$ 59,801
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Mr. B.P. Allaire [Member] | Restricted Shares [Member] |
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Number of shares granted |
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150,000
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30,000
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Number of shares issued |
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150,000
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Compensation expenses |
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$ 1,500
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Wilshire Energy Partners LLC [Member] |
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Number of shares issued upon acquisition |
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4,500,000
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Wilshire Energy Partners LLC [Member] | Warrants [Member] |
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Number of warrants to purchase common shares |
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700,000
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Warrant term |
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5 years
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Warrant minimum exercisable term |
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1 year
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1 year
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Warrant expiration date |
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Jun. 01, 2021
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Wilshire Energy Partners LLC [Member] | Warrants One [Member] |
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Warrant exercise price per share |
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$ 1.25
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Wilshire Energy Partners LLC [Member] | Warrants Two [Member] |
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Warrant exercise price per share |
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2.00
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Wilshire Energy Partners LLC [Member] | Warrants Three [Member] |
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Warrant exercise price per share |
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$ 3.00
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Berwin Trading Limited [Member] |
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Restricted stock unit value |
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$ 48,000
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Berwin Trading Limited [Member] | Securities Purchase Agreement [Member] |
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Number of shares issued |
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|
|
|
|
|
3,007,519
|
|
|
|
|
|
|
|
|
Number of shares issued, value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,000,000
|
|
|
|
|
|
|
|
|
Purchase price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.665
|
|
|
|
|
|
|
|
|
Common stock, par value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.0001
|
|
|
|
|
|
|
|
|
Total Belief Limited [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,083,334
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued, value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,812,500
|
|
|
|
|
|
|
|
|
|
|
Purchase price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1.83
|
|
|
|
|
|
|
|
|
|
|
Mr. Ritchie Lanclos [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares vested |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,000
|
|
|
Mr. Ritchie Lanclos [Member] | Restricted Stock Units (RSUs) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of restricted shares issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,000
|
|
|
|
|
|
|
|
|
|
Number of shares vested |
|
|
|
|
|
|
|
|
|
|
|
|
20,000
|
|
20,000
|
|
60,000
|
|
|
|
|
|
|
|
|
|
Restricted shares purchase price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.665
|
|
|
|
|
|
|
|
|
|
Restricted stock unit value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 67,000
|
|
|
Mr.Eleazar Ovalle [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares vested |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,000
|
|
|
Mr.Eleazar Ovalle [Member] | Restricted Stock Units (RSUs) [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of restricted shares issued |
|
|
|
|
|
|
|
100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares vested |
|
|
|
|
|
|
|
60,000
|
|
|
|
|
20,000
|
|
20,000
|
|
|
|
|
|
|
|
|
|
|
|
Restricted shares purchase price |
|
|
|
|
|
|
|
$ 0.665
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted stock unit value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 67,000
|
|
|
Director One [Member] | First Option [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description of vesting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
vesting when the Company achieves and maintains a total average daily production level of 100 barrels of oil equivalent per day (Â"BOE/D"Â) for at least 30 days.
|
|
|
|
|
|
|
Strike price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2
|
|
|
|
|
|
|
Number of stock option shares granted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,000
|
|
|
|
|
|
|
Director Two [Member] | Second Option [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description of vesting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
vesting when the Company achieves and maintains a total average daily production level of 200 BOE/D for at least 60 days.
|
|
|
|
|
|
|
Strike price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3
|
|
|
|
|
|
|
Number of stock option shares granted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,000
|
|
|
|
|
|
|
Director Three [Member] | Third Option [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description of vesting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
vesting when the Company achieves and maintains a total average daily production level of 500 BOE/D for at least 90 days.
|
|
|
|
|
|
|
Strike price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 4
|
|
|
|
|
|
|
Number of stock option shares granted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,000
|
|
|
|
|
|
|
Foothills Petroleum Inc [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of acquired shares pre-split |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,100,000
|
|
|
14,100,000
|
|
Percentage of voting interest acquired by parent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
96.00%
|
|
|
|
|
Number of acquired shares pre-split, value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 316,035
|
|
|
|
|
Number of acquired shares post-split |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
56,400,000
|
|
|
56,400,000
|
|
Number of shares retained after post-split |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,360,000
|
|
|
|
|
Foothills Petroleum Inc [Member] | Share Exchange Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued upon acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,003,759
|
|
|
|
|
|
6,003,759
|
|
Wilshire Energy Partners LLC [Member] | Warrants One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,000
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1.25
|
|
|
|
|
|
|
|
Wilshire Energy Partners LLC [Member] | Warrants Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
200,000
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.00
|
|
|
|
|
|
|
|
Wilshire Energy Partners LLC [Member] | Warrants Three [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
400,000
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3.00
|
|
|
|
|
|
|
|
Wilshire Energy Partners LLC [Member] | Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant expiration date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jun. 01, 2021
|
|
|
|
|
|
|
|
Wilshire Energy Partners LLC [Member] | Warrants One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,000
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1.25
|
|
|
|
|
|
|
|
Wilshire Energy Partners LLC [Member] | Warrants Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
200,000
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.00
|
|
|
|
|
|
|
|
Wilshire Energy Partners LLC [Member] | Warrants Three [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
400,000
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3.00
|
|
|
|
|
|
|
|
Wilshire Energy Partners LLC [Member] | Share Exchange Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued upon acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,500,000
|
|
|
|
|
|
|
|
Wilshire Energy Partners LLC [Member] | Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
|
|
|
|
200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued, value |
|
|
|
|
|
|
|
|
|
|
|
$ 200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
$ 1.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant minimum exercisable term |
|
|
|
|
|
|
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase price |
|
|
|
|
|
|
|
|
|
|
|
$ 1.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description on warrants |
|
|
|
|
|
|
|
|
|
|
|
Each unit consisted of one share of the Company's common stock and one warrant to purchase a share of the Company's common stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Alternus Capital Holdings Ltd. [Member] | Share Exchange Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued upon acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,503,759
|
|
|
|
|
|
|
|
Zhuge Liang, LLC [Member] | Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
10,075
|
|
|
|
20,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued, value |
|
|
|
|
|
|
|
|
|
|
$ 20,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
30,075
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
$ 0.665
|
|
|
|
$ 1.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant minimum exercisable term |
|
|
|
|
|
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase price |
|
|
|
|
|
|
|
|
|
|
$ 1.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Strike price |
|
|
|
|
|
|
$ 0.665
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description on warrants |
|
|
|
|
|
|
|
|
|
|
Each unit consisted of one share of the Company's common stock and one warrant to purchase one additional share of the Company's common stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Subscription receivable |
|
|
|
|
|
|
|
|
|
|
$ 10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrelated Party [Member] | Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant expiration date |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jun. 01, 2021
|
|
|
|
|
|
|
|
Unrelated Party [Member] | Warrants One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125,000
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1.25
|
|
|
|
|
|
|
|
Unrelated Party [Member] | Warrants Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,000
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.00
|
|
|
|
|
|
|
|
Unrelated Party [Member] | Warrants Three [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,000
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3.00
|
|
|
|
|
|
|
|
FirstFire Opportunity Fund, LLC [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
$ 1.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Strike price |
|
|
$ 0.665
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
Debt principal amount |
|
$ 267,500
|
|
|
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|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FirstFire Opportunity Fund, LLC [Member] | Volatility Rate [Member] |
|
|
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|
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|
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|
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|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
77.00%
|
|
|
FirstFire Opportunity Fund, LLC [Member] | Discount Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.00%
|
|
|
FirstFire Opportunity Fund, LLC [Member] | Dividend Yield [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.00%
|
|
|
FirstFire Opportunity Fund, LLC [Member] | Expected Life [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7 months 6 days
|
|
|
Director One [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares granted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125,000
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125,000
|
|
|
Number of shares issued, value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,250
|
|
|
Director Two [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares granted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125,000
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125,000
|
|
|
Number of shares issued, value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,250
|
|
|
Two Directors [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description of vesting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40% vesting ninety (90) days from the appointment date; (ii) 20% vesting one hundred eighty (180) days from the appointment date; (iii) 20% vesting two hundred seventy (270) days following the appointment date; (iv) 20% vesting three hundred sixty (360) days following the appointment date.
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,000
|
|
|
Third Party Investor [Member] | Securities Purchase Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued |
|
|
|
|
|
|
12,594
|
|
|
25,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of shares issued, value |
|
|
|
|
|
|
|
|
|
$ 25,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of warrants to purchase common shares |
|
|
|
|
|
|
37,594
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant term |
|
|
|
|
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price per share |
|
|
|
|
|
|
$ 0.665
|
|
|
$ 1.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Purchase price |
|
|
|
|
|
|
|
|
|
$ 1.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Strike price |
|
|
|
|
|
|
$ 0.665
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description on warrants |
|
|
|
|
|
|
|
|
|
Each unit consisted of one share of the Company's common stock and one warrant to purchase one additional share of the Company's common stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third Party Investor [Member] | Securities Purchase Agreement [Member] | Volatility Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
94.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third Party Investor [Member] | Securities Purchase Agreement [Member] | Discount Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third Party Investor [Member] | Securities Purchase Agreement [Member] | Dividend Yield [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Third Party Investor [Member] | Securities Purchase Agreement [Member] | Expected Life [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, term |
|
|
|
|
|
|
3 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Officer and Director [Member] | Mr. Christopher Jarvis [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description of vesting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
vesting quarterly over two years commencing with the first quarter following the 90-day probationary period.
|
|
|
|
|
|
|
|
|
|
|
|
|
Strike price |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1.99
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of stock option shares granted |
|
|
|
|
|
|
|
|
|
|
|
|
|
400,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of stock option |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 616,055
|
|
|
|
|
|
|
|
|
|
|
|
|
Officer and Director [Member] | Mr. Christopher Jarvis [Member] | Volatility Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
|
|
|
|
|
|
|
129.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
Officer and Director [Member] | Mr. Christopher Jarvis [Member] | Discount Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
|
|
|
|
|
|
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
Officer and Director [Member] | Mr. Christopher Jarvis [Member] | Dividend Yield [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
|
|
|
|
|
|
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
Officer and Director [Member] | Mr. Christopher Jarvis [Member] | Expected Life [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, term |
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
Executive Chairman of the Board [Member] | Mr. Kevin Sylla [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Description of vesting period |
|
|
|
|
|
|
|
|
|
|
|
|
|
vesting quarterly over the term of three years.
|
|
|
|
|
|
|
|
|
|
|
|
|
Strike price |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1.99
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of stock option shares granted |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,200,000
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of stock option |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,986,902
|
|
|
|
|
|
|
|
|
|
|
|
|
Executive Chairman of the Board [Member] | Mr. Kevin Sylla [Member] | Volatility Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
|
|
|
|
|
|
|
129.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
Executive Chairman of the Board [Member] | Mr. Kevin Sylla [Member] | Discount Rate [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
|
|
|
|
|
|
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
Executive Chairman of the Board [Member] | Mr. Kevin Sylla [Member] | Dividend Yield [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, percentages |
|
|
|
|
|
|
|
|
|
|
|
|
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
Executive Chairman of the Board [Member] | Mr. Kevin Sylla [Member] | Expected Life [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair value assumptions, measurement input, term |
|
|
|
|
|
|
|
|
|
|
|
|
|
7 years
|
|
|
|
|
|
|
|
|
|
|
|
|