Redeemable Preferred Stock (Details Narrative) - USD ($) |
12 Months Ended | |||
---|---|---|---|---|
Aug. 31, 2020 |
Oct. 30, 2017 |
Dec. 31, 2020 |
Dec. 31, 2019 |
|
Preferred stock, shares authorized | 5,000,000 | |||
Preferred stock, par value | $ 0.01 | |||
Common Stock [Member] | ||||
Number of shares converted | 313,000 | 940,075 | ||
Series I-1 and Series I-2 Preferred Stock [Member] | ||||
Preferred stock, shares issued | 6,257.62 | |||
Redeemable Preferred Stock [Member] | ||||
Preferred stock, shares authorized | 5,000,000 | |||
Preferred stock, par value | $ 0.01 | |||
Series I-1 Convertible Preferred Stock [Member] | ||||
Preferred stock, shares authorized | 4,960 | |||
Preferred stock, par value | $ 1,000 | |||
Proceeds from offering | $ 4,960,000 | |||
Series I-1 Convertible Preferred Stock [Member] | Purchase Agreement [Member] | ||||
Proceeds from offering | $ 4,000,000 | |||
Series I-1 Preferred Stock [Member] | Investor [Member] | ||||
Common stock weighted average market price percentage | 85.00% | |||
Series I-2 Convertible Preferred Stock [Member] | September 2017 Debenture [Member] | ||||
Preferred stock, shares authorized | 5,000,000 | |||
Preferred stock, par value | $ 1.00 | $ 1,000 | ||
Common stock weighted average market price percentage | 85.00% | |||
Preferred stock, conversion description | At the holder's option each holder could reduce the principal amount of September Debentures exchanged on any particular closing date, or elect not to exchange any September Debentures at all on a closing date. If a holder chose to exchange less principal amount of September Debentures or none at all, it could carry forward such lesser amount to a future closing date and then exchange more than the originally specified principal amount for that later closing date. For each $0.80 of principal amount of the debenture surrendered to the Company at any closing date, the Company would issue to the holder a share of Series I-2 Preferred Stock with a stated value of $1.00. From December 2, 2017 through March 1, 2018, any exchange under the Exchange Agreements was at the option of the holder. Subsequent to March 2018, any exchange was at the option of the Company. Each share of Series I-2 Preferred Stock was convertible into shares of the Company's common stock at any time at the option of the holder at a conversion price equal to 85% of the lesser of the volume weighted average market price of the common stock on the day prior to conversion or on the day of conversion. | |||
Preferred stock, shares issued | 3,907.67 | |||
Series I-2 Convertible Preferred Stock [Member] | Board of Directors [Member] | September 2017 Debenture [Member] | ||||
Preferred stock, shares authorized | 21,346 | |||
Series I-2 Preferred Stock [Member] | ||||
Number of shares converted | 236.30 | 1,078.63 | ||
Principal and penalties | $ 19,300,000 | |||
Preferred stock, shares outstanding | 30,435.52 |