Quarterly report pursuant to Section 13 or 15(d)

Subordinated Notes - Related Parties (Details)

v3.10.0.1
Subordinated Notes - Related Parties (Details) - USD ($)
1 Months Ended 6 Months Ended
Feb. 22, 2018
Nov. 20, 2017
Jun. 30, 2018
Subordinated Notes - Related Parties (Textual)      
Secured notes $ 100,000    
Realized gain $ 12,241    
Interest expense     $ 435
Amortization of debt discount     $ 8,287
Subordinated Notes [Member]      
Subordinated Notes - Related Parties (Textual)      
Aggregate principal amount   $ 115,000  
Proceeds from related parties   100,000  
Original issue discount   $ 15,000  
Debt description  

In the event of default, the full principal amount of $115,000 plus accrued interest would be immediately due and payable to the Subordinated Holder; in addition, interest on the outstanding principal and accrued interest would increase to 15% and $25,000 would be due and payable to Subordinated Holder for every calendar month the note is in default until full payment were made. Because the default provisions required payment of significant penalties in the case of a default event (greater than 10% of the principal), the default provision was determined to be a derivative instrument. (Refer to Note 8 for derivative liability disclosure.) In addition, on repayment, the Subordinated Holders were to receive warrants for purchase of the Company’s common stock in the amount of the principal and at an exercise price per share equal to 100% of the IPO price.