SUBSEQUENT EVENTS (Details) - Subsequent Event [Member] $ / shares in Units, $ in Millions |
Aug. 14, 2020
USD ($)
$ / shares
shares
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SUBSEQUENT EVENTS (Details) [Line Items] | |
Gross proceeds from Closing amount | $ | $ 3.0 |
Net proceeds from Closing | $ | $ 2.9 |
Subsequent event, description | In the event of any stock split, stock dividend, or stock combination, the number of shares deliverable and the conversion price of the Series A Preferred will be appropriately adjusted. In the event a Mandatory Conversion is triggered, if the offering price on the date such Mandatory Conversion is triggered is less than a 25% premium to the Purchase Price, the Company will issue additional shares of the Company’s common stock for each outstanding share of Series A Preferred to ensure the effective conversion price equals a 25% discount to the Purchase Price. |
Series A Convertible Preferred Stock [Member] | |
SUBSEQUENT EVENTS (Details) [Line Items] | |
Provided sale Investors | $ | $ 3.0 |
Series A Preferred Stock [Member] | |
SUBSEQUENT EVENTS (Details) [Line Items] | |
Purchase price | $ / shares | $ 2.00 |
Designated share | shares | 5,000,000 |
Series A Preferred Stock [Member] | |
SUBSEQUENT EVENTS (Details) [Line Items] | |
Purchase of aggregate shares | shares | 1,500,000 |
Series A Preferred Stock [Member] | Eric Brock [Member] | |
SUBSEQUENT EVENTS (Details) [Line Items] | |
Purchased closing Preferred shares | shares | 157,500 |
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- Definition Number of designated share. No definition available.
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- Definition Purchased closing Preferred shares. No definition available.
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- References No definition available.
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- Definition Amount of funds committed to investment company from investors. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Gross number of share options (or share units) granted during the period. No definition available.
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- Definition Per share or per unit amount of equity securities issued. No definition available.
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- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Describes the event or transaction that occurred between the balance sheet date and the date the financial statements are issued or available to be issued. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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