Stockholders' Deficit and Redeemable Convertible Series B and Series C Preferred Stock (Detail Textuals)
|
1 Months Ended |
3 Months Ended |
12 Months Ended |
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|
Dec. 31, 2016
USD ($)
$ / shares
shares
|
Nov. 30, 2016
USD ($)
$ / shares
shares
|
Oct. 31, 2016
USD ($)
$ / shares
shares
|
Mar. 31, 2016
$ / shares
shares
|
Dec. 31, 2015
$ / shares
shares
|
Aug. 31, 2015
USD ($)
$ / shares
shares
|
Aug. 21, 2015
USD ($)
$ / shares
shares
|
Jul. 31, 2015
USD ($)
shares
|
Jun. 30, 2015
USD ($)
$ / shares
shares
|
May 31, 2015
$ / shares
shares
|
Apr. 30, 2015
USD ($)
$ / shares
shares
|
Mar. 31, 2015
USD ($)
$ / shares
shares
|
Jan. 31, 2015
USD ($)
$ / shares
shares
|
Oct. 31, 2014
Investor
shares
|
Jun. 30, 2014
USD ($)
$ / shares
shares
|
Jul. 17, 2012
USD ($)
Investor
$ / shares
shares
|
Dec. 31, 2016
USD ($)
$ / shares
shares
|
Mar. 31, 2015
USD ($)
$ / shares
shares
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2016
USD ($)
$ / shares
shares
|
Dec. 31, 2015
USD ($)
$ / shares
|
May 25, 2016
USD ($)
shares
|
Nov. 30, 2015
$ / shares
shares
|
Aug. 31, 2014
USD ($)
$ / shares
shares
|
Equity [Line Items] |
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Number of shares issued for services |
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1,110,000
|
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General and administrative expense | $ |
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$ 466,200
|
$ 3,531,540
|
$ 3,741,017
|
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|
Amortization of warrant service cost | $ |
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5,145
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$ 80,805
|
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|
Amortized general and administrative expense | $ |
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$ 12,194
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Fair market value of common stock issued recorded as prepaid expense | $ |
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$ 168,000
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Number of shares issued to group of private investors |
|
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24,000
|
241,663
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Par value of common stock issued (in dollars per share) | $ / shares |
$ 0.001
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$ 0.001
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$ 0.001
|
$ 0.001
|
|
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|
$ 0.001
|
$ 0.001
|
|
$ 0.001
|
$ 0.001
|
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|
Value of shares issued to group of private investors | $ |
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$ 724,989
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Number of individual investor | Investor |
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18
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Preferred stock, shares authorized |
20,000,000
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20,000,000
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20,000,000
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Preferred stock, par value (in dollars per share) | $ / shares |
$ 0.001
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$ 0.001
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$ 0.001
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Beneficial conversion feature upon issuanceof Series C Preferred Stock | $ |
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$ 325,000
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Series A Preferred stock |
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Equity [Line Items] |
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Number of shares issued to group of private investors |
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180,000
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150,000
|
250,000
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Preferred stock, par value (in dollars per share) | $ / shares |
|
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$ 0.001
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Minimum equity financing under down-round protection feature | $ |
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$ 286,000
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$ 1,000,000
|
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$ 1,000,000
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Maximum common stock issuance price per share (in dollars per share) | $ / shares |
2.50
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$ 2.50
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$ 2.50
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$ 2.50
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Conversion price | $ / shares |
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$ 2.50
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Number of shares converted |
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580,000
|
580,000
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Number of shares issued in conversion |
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1,812,500
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Proceeds from issuance of preferred stock and warrants | $ |
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$ 5,000,000
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Series B Preferred Stock |
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Equity [Line Items] |
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Number of preferred stock and warrants sold |
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5,000
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Preferred stock, par value (in dollars per share) | $ / shares |
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$ 1,000
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Maximum common stock issuance price per share (in dollars per share) | $ / shares |
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1,000
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Conversion price | $ / shares |
$ 0.25
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|
$ 0.40
|
$ 0.80
|
$ 0.80
|
$ 0.80
|
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Number of shares converted |
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8
|
500
|
5,625,000
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Number of shares issued in conversion |
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10,000
|
625,000
|
1,812,500
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Proceeds from issuance of preferred stock and warrants | $ |
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$ 5,000,000
|
$ 5,000,000
|
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Preferred stock, redemption terms |
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(A) 115% of the conversion amount and (B) the product of (1) the conversion rate in effect at such time and (2) the greatest closing sale price of the Common Stock during the period beginning on the date immediately preceding such triggering event and ending on the date such holder delivers the notice of redemption.
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Preferred stock, conversion rate |
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1,250:1
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Liquidation preference value | $ |
$ 4,000,000
|
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$ 4,500,000
|
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$ 4,000,000
|
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$ 4,000,000
|
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Series C Preferred Stock |
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Equity [Line Items] |
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Warrant exercise price (in dollars per share) | $ / shares |
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$ 0.40
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Number of preferred stock and warrants sold |
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500
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Effective price per share | $ / shares |
$ 0.40
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$ 0.40
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$ 0.40
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Preferred stock, par value (in dollars per share) | $ / shares |
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$ 1,000
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Conversion price | $ / shares |
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$ 0.40
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Number of shares converted |
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1,250,000
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461
|
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Number of shares issued in conversion |
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1,152,500
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Proceeds from issuance of preferred stock and warrants | $ |
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$ 500,000
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Preferred stock, participation rights |
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For a twelve month period from the date of the financing, the Series C investors will have the right to participate in subsequent financings up to fifty percent of such financing.
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Series C Preferred Stock | Issuance One |
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Equity [Line Items] |
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Conversion price | $ / shares |
$ 0.40
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Number of shares converted |
39
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Number of shares issued in conversion |
97,500
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Series C Preferred Stock | Issuance Two |
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Equity [Line Items] |
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Number of shares converted |
75
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Number of shares issued in conversion |
300,000
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Series B And C Preferred Stock |
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Equity [Line Items] |
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Conversion price | $ / shares |
$ 0.25
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Technology license agreement |
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Equity [Line Items] |
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Number of shares issued for services |
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100,000
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Founders and Board member |
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Equity [Line Items] |
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Number of shares issued for services |
|
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|
7,770,000
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Value of shares exchanged for services | $ |
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|
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$ 1,000
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Warrants |
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Equity [Line Items] |
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Number of shares called by warrants |
|
40,000
|
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6,250,000
|
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|
10,000
|
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|
90,000
|
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3,000,000
|
|
90,000
|
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|
60,000
|
120,000
|
2,200,000
|
Warrant exercise price (in dollars per share) | $ / shares |
|
$ 1.15
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$ 1.15
|
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|
$ 5.00
|
$ 1.15
|
|
$ 2.50
|
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|
$ 1.00
|
|
$ 2.50
|
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$ 1.15
|
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Term of warrant |
|
10 years
|
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5 years
|
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|
5 years
|
5 years
|
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5 years
|
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Number of advisors | Investor |
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|
2
|
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Value of common stock called by warrants | $ |
|
$ 18,400
|
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|
$ 14,700
|
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|
$ 85,950
|
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$ 85,950
|
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|
$ 42,000
|
|
$ 1,100,000
|
Amortization of warrant service cost | $ |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 34,200
|
$ 7,800
|
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|
|
Number of shares issued to group of private investors |
|
|
|
|
|
|
|
36,000
|
|
30,000
|
|
|
|
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|
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|
Value of warrants issued | $ |
|
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|
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|
$ 1,000
|
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|
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$ 625,000
|
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Warrants | Issuance One |
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Equity [Line Items] |
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Number of shares called by warrants |
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|
100,000
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Warrant exercise price (in dollars per share) | $ / shares |
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|
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$ 5.00
|
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Term of warrant |
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10 years
|
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Value of common stock called by warrants | $ |
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|
$ 326,000
|
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Warrants | Issuance Two |
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Equity [Line Items] |
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Number of shares called by warrants |
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6,000
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Warrant exercise price (in dollars per share) | $ / shares |
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$ 2.50
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Value of common stock called by warrants | $ |
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$ 10,000
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Warrants | Series A Preferred stock |
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Equity [Line Items] |
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Number of shares called by warrants |
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36,000
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|
30,000
|
50,000
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Warrant exercise price (in dollars per share) | $ / shares |
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$ 5.00
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Term of warrant |
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5 years
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Warrants | Series B Preferred Stock | Issuance One |
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Equity [Line Items] |
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Number of shares called by warrants |
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6,250,000
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Warrants | Series B Preferred Stock | Issuance Two |
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Equity [Line Items] |
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Number of shares called by warrants |
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187,500
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Warrant exercise price (in dollars per share) | $ / shares |
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$ 1.15
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Value of common stock called by warrants | $ |
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$ 86,250
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Warrants | Series C Preferred Stock |
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Equity [Line Items] |
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Number of shares called by warrants |
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125,000
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Warrant exercise price (in dollars per share) | $ / shares |
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$ 0.40
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Term of warrant |
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5 years
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Value of common stock called by warrants | $ |
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$ 37,500
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Warrants | Stock Purchase Agreement June 2014 |
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Equity [Line Items] |
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Number of shares called by warrants |
|
|
|
|
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|
|
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|
|
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|
450,000
|
|
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550,000
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Warrant exercise price (in dollars per share) | $ / shares |
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|
$ 1.00
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|
$ 1.00
|
Value of common stock called by warrants | $ |
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|
|
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|
|
|
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|
$ 85,500
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$ 104,500
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Number of shares issued to group of private investors |
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|
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|
1,800,000
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Value of shares issued to group of private investors | $ |
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$ 900,000
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Common Stock |
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Equity [Line Items] |
|
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Conversion price | $ / shares |
|
|
$ 0.40
|
|
|
$ 0.80
|
$ 0.80
|
|
|
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|
Number of shares converted |
|
|
2,500
|
|
|
1,250
|
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