Debentures (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | 45 Months Ended | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 27, 2019 |
Aug. 31, 2019 |
Jun. 24, 2019 |
Jun. 13, 2019 |
May 12, 2019 |
Mar. 27, 2019 |
Feb. 24, 2019 |
Aug. 31, 2020 |
Jul. 31, 2020 |
May 31, 2020 |
Jan. 31, 2020 |
Feb. 28, 2019 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2020 |
Jun. 30, 2020 |
Oct. 12, 2019 |
Aug. 17, 2019 |
Jun. 21, 2019 |
Jun. 07, 2019 |
Jun. 05, 2019 |
|
Outstanding debentures | $ 12,690,539 | $ 29,873,740 | $ 12,690,539 | ||||||||||||||||||
Penalties | 6,900,000 | ||||||||||||||||||||
Debt instrument maturity date | Nov. 29, 2020 | ||||||||||||||||||||
Debt instrument default interest rate | 18.00% | 18.00% | |||||||||||||||||||
Accrued interest expenses | $ 9,500,000 | ||||||||||||||||||||
Debt converted into shares, value | $ 1,001,000 | ||||||||||||||||||||
Debt converted into shares | 38,371,250 | ||||||||||||||||||||
Original issue discount | 100,000 | ||||||||||||||||||||
Debt interest rate | 18.00% | ||||||||||||||||||||
Interest rate description | The exchange of the outstanding non-convertible debentures issued in 2019, with a carrying value on Rennova's book of $4.8 million at August 31, 2020, including penalties at 30% of the original principal balance and penalty interest calculated at 18% per annum, for Series N Preferred Stock with a stated value of $4.9 million. Under this provision, the penalty interest is accrued at the rate of 18% per annum and not the original interest terms, which were 5% per month and 24% per annum on late payment of penalty interest, as a concession and to offset the premium paid for the exchange of the debentures noted in Number 2 above. This interest rate concession, which totaled $2.3 million at August 31, 2020, is permanent and will not be reversed in any event, including non-payment of the $10.0 million by November 29, 2020; | ||||||||||||||||||||
Proceeds from debt | 3,845,000 | ||||||||||||||||||||
Repayment of debt | 920,000 | ||||||||||||||||||||
Number of common stock issued, value | 2,500 | ||||||||||||||||||||
Accrued interest | 6,000,000 | 2,100,000 | $ 6,000,000 | ||||||||||||||||||
Non-convertible debentures outstanding | $ 4,800,000 | ||||||||||||||||||||
Interest rate concession | 2,300,000 | ||||||||||||||||||||
Non payment of debt | 10,000,000 | ||||||||||||||||||||
Gain on extinguishment of debt | 2,041,038 | ||||||||||||||||||||
Deemed dividend | 256,400,000 | 123,900,000 | |||||||||||||||||||
Amortization of debt discount | $ 122,885 | 16,223,474 | |||||||||||||||||||
Series N Preferred Stock [Member] | |||||||||||||||||||||
Debt converted into shares | 1,001 | ||||||||||||||||||||
Principal amount | 4,900,000 | ||||||||||||||||||||
Bridge Debenture Agreement [Member] | June Thirteen Two Thousand And Nineteen Offerings [Member] | |||||||||||||||||||||
Debt instrument maturity date | Dec. 31, 2019 | ||||||||||||||||||||
Principal amount | $ 1,250,000 | ||||||||||||||||||||
Proceeds from offerings | $ 1,250,000 | ||||||||||||||||||||
Debt instrument maturity date description | Under the June 13 Agreement, the maturity date of the debentures issued on February 24, 2019, March 27, 2019, May 12, 2019, June 5, 2019 and June 7, 2019 were extended to December 31, 2019 and the terms were changed such that they have the same interest terms as contained in the June 13, 2019 debentures | ||||||||||||||||||||
Forbearance Agreement [Member] | |||||||||||||||||||||
Outstanding debentures | $ 29,200,000 | ||||||||||||||||||||
Repayment of debt | $ 200,000 | ||||||||||||||||||||
Exchange and Redemption Agreement [Member] | |||||||||||||||||||||
Outstanding debentures | $ 9,800,000 | ||||||||||||||||||||
Debt instrument maturity date | Nov. 29, 2020 | ||||||||||||||||||||
Accrued interest expenses | $ 2,300,000 | ||||||||||||||||||||
Repayment of debt | $ 10,000,000 | ||||||||||||||||||||
Description on agreement | Provide that if the $10.0 million cash payment is made timely, no interest will accrued or be due under the outstanding debentures for the periods subsequent to August 31, 2020, however, interest will again accrued on these outstanding debentures at a rate of 18% per annum subsequent to August 31, 2020 if the $10.0 million cash payment is not made timely; During the 90-day redemption period (or until the occurrence of certain specified events, if earlier), the investors will forbear from exercising any remedies against the Company or Mr. Diamantis as a result of any existing defaults under the outstanding securities; and Provide that the embedded conversion options of the outstanding debentures noted in Number 3 above have been suspended as of August 31, 2020 and that the conversion terms will only be reinstated to their original terms after November 29, 2020 if the $10.0 million cash payment is not made. | ||||||||||||||||||||
Gain on extinguishment of debt | $ 2,000,000 | ||||||||||||||||||||
Exchange and Redemption Agreement [Member] | Series I-1 and Series I-2 Preferred Stock [Member] | |||||||||||||||||||||
Number of common stock issued, value | 6,257,616 | ||||||||||||||||||||
Deemed dividend | 3,700,000 | ||||||||||||||||||||
Exchange and Redemption Agreement [Member] | Series N Preferred Stock [Member] | |||||||||||||||||||||
Outstanding debentures | 19,300,000 | ||||||||||||||||||||
Number of common stock issued, value | 24,200,000 | ||||||||||||||||||||
Principal and penalties | 16,500,000 | ||||||||||||||||||||
Accrued interest | $ 2,800,000 | ||||||||||||||||||||
Exchange and Redemption Agreement [Member] | Potential Exchange Premium [Member] | |||||||||||||||||||||
Fair value adjustment of debentures | 300,000 | 300,000 | |||||||||||||||||||
Investors [Member] | Bridge Debenture Agreement [Member] | June Thirteen Two Thousand And Nineteen Offerings [Member] | |||||||||||||||||||||
Principal amount | $ 1,250,000 | ||||||||||||||||||||
Mr. Diamantis [Member] | |||||||||||||||||||||
Penalties | 500,000 | 500,000 | |||||||||||||||||||
Debt instrument maturity date | Nov. 08, 2019 | ||||||||||||||||||||
Principal amount | $ 1,900,000 | ||||||||||||||||||||
Original issue discount | 300,000 | ||||||||||||||||||||
Proceeds from debt | 1,500,000 | ||||||||||||||||||||
Repayment of debt | $ 2,200,000 | 450,000 | |||||||||||||||||||
Principal and penalties | $ 1,000,000 | ||||||||||||||||||||
Mr. Diamantis [Member] | Forbearance Agreement [Member] | |||||||||||||||||||||
Debt instrument maturity date | Mar. 15, 2020 | ||||||||||||||||||||
Principal amount | 4,700,000 | 4,700,000 | |||||||||||||||||||
Legal fees | $ 50,000 | ||||||||||||||||||||
Debentures principal payments | $ 220,000 | ||||||||||||||||||||
Repayment of debt | $ 500,000 | $ 4,900,000 | |||||||||||||||||||
March 2017 Debentures [Member] | |||||||||||||||||||||
Outstanding debentures | $ 2,000,000 | 2,000,000 | |||||||||||||||||||
Debt instrument maturity date | Mar. 21, 2019 | ||||||||||||||||||||
March 2017 Debentures [Member] | March Debentures Holders [Member] | |||||||||||||||||||||
Outstanding debentures | $ 2,600,000 | $ 2,600,000 | |||||||||||||||||||
Conversion price per share | $ 0.0118 | $ 0.0118 | |||||||||||||||||||
Debt converted into shares, value | $ 14,000,000 | ||||||||||||||||||||
Debt converted into shares | 426 | ||||||||||||||||||||
September 2017 Debenture [Member] | |||||||||||||||||||||
Outstanding debentures | $ 5,900,000 | $ 5,900,000 | |||||||||||||||||||
Debt instrument maturity date | Sep. 19, 2019 | ||||||||||||||||||||
September 2017 Debenture [Member] | September Debentures Holders [Member] | |||||||||||||||||||||
Outstanding debentures | $ 7,700,000 | 7,700,000 | |||||||||||||||||||
Debt converted into shares, value | $ 3,100,000 | ||||||||||||||||||||
Debt converted into shares | 3,916.67 | ||||||||||||||||||||
2018 Debentures [Member] | |||||||||||||||||||||
Outstanding debentures | $ 11,200,000 | $ 11,200,000 | |||||||||||||||||||
Debt instrument maturity date | Sep. 19, 2019 | ||||||||||||||||||||
Conversion price per share | $ 0.052 | $ 0.052 | $ 0.052 | ||||||||||||||||||
Principal amount | $ 8,900,000 | $ 6,800,000 | $ 6,800,000 | ||||||||||||||||||
Proceeds from offerings | 5,500,000 | ||||||||||||||||||||
Original issue discount | $ 1,300,000 | 1,300,000 | |||||||||||||||||||
2018 Debentures [Member] | Issuance Agreements [Member] | |||||||||||||||||||||
Debt instrument maturity date | Sep. 19, 2019 | ||||||||||||||||||||
Principal amount | $ 4,300,000 | 4,300,000 | |||||||||||||||||||
Proceeds from offerings | 3,500,000 | ||||||||||||||||||||
2019 Debentures [Member] | |||||||||||||||||||||
Outstanding debentures | $ 3,900,000 | $ 3,900,000 | |||||||||||||||||||
Debt instrument maturity date | Dec. 31, 2019 | ||||||||||||||||||||
2019 Debentures [Member] | Exchange and Redemption Agreement [Member] | |||||||||||||||||||||
Debt instrument default interest rate | 18.00% | 18.00% | |||||||||||||||||||
Accrued interest expenses | $ 900,000 | ||||||||||||||||||||
Debentures [Member] | |||||||||||||||||||||
Outstanding debentures | $ 1,020,000 | $ 250,000 | |||||||||||||||||||
Penalties | $ 1,200,000 | ||||||||||||||||||||
Debt instrument maturity date | Dec. 31, 2019 | Dec. 31, 2019 | |||||||||||||||||||
Accrued interest expenses | $ 7,400,000 | ||||||||||||||||||||
Principal amount | $ 500,000 | $ 300,000 | $ 300,000 | ||||||||||||||||||
Debt interest rate | 24.00% | 24.00% | 24.00% | 5.00% | 2.50% | ||||||||||||||||
Proceeds from debt | $ 1,270,000 | ||||||||||||||||||||
Debentures [Member] | Purchase Agreement [Member] | June 2019 Debentures [Member] | |||||||||||||||||||||
Debt interest rate | 24.00% | ||||||||||||||||||||
Interest rate description | Commencing on August 17, 2019, the June 2019 Debentures bear interest on the outstanding principal amount at a rate of 2.5% per month (increasing to 5% per month on October 12, 2019), payable quarterly beginning on October 1, 2019. | ||||||||||||||||||||
Debentures [Member] | Christopher Diamantis [Member] | |||||||||||||||||||||
Debt instrument maturity date | Jun. 03, 2019 | ||||||||||||||||||||
Principal amount | $ 200,000 | $ 125,000 | |||||||||||||||||||
Interest rate description | The maturity dates of these debentures were extended to December 31, 2019 and the terms were changed so that commencing on August 17, 2019 the debentures bear interest on the outstanding principal amount at a rate of 2.5% per month (increasing to 5% per month on October 12, 2019), payable quarterly beginning on October 1, 2019. | ||||||||||||||||||||
Debenture One [Member] | |||||||||||||||||||||
Debt interest rate | 5.00% | 2.50% | |||||||||||||||||||
Debenture Two [Member] | |||||||||||||||||||||
Debt interest rate | 5.00% | 2.50% |