Liquidity and Financial Condition (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | ||||
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Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Dec. 31, 2017 |
Nov. 03, 2016 |
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Working capital deficit | $ 30,000,000 | $ 30,000,000 | ||||
Accumulated deficit | (190,973,014) | (190,973,014) | $ (169,180,425) | |||
Loss from operation | (2,815,575) | $ (4,502,688) | (8,920,984) | $ (11,974,010) | ||
Cash used in operating activities | (7,121,826) | (11,793,129) | ||||
Change in fair value of derivative instruments | (109,305,331) | (13,688,678) | $ 42,702,815 | |||
Gain on bargain purchase | 7,700,000 | |||||
Principal amount | $ 341,612 | |||||
October 1, 2018 to November 9, 2018 [Member] | ||||||
Principal amount | 1,200,000 | 1,200,000 | ||||
Proceeds from private placement | 100,000 | |||||
Private Placement [Member] | ||||||
Principal amount | 9,900,000 | 9,900,000 | ||||
Original issue discounts | $ 1,900,000 | 1,900,000 | ||||
Proceeds from private placement | $ 8,000,000 |
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- Definition Gain on bargain purchase. No definition available.
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- Definition Working capital deficit. No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after accumulated amortization, of debt discount. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The cash inflow associated with the amount received from entity's raising of capital via private rather than public placement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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- Details
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