SUBSEQUENT EVENTS (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | ||||
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Jul. 07, 2018 |
Mar. 12, 2018 |
Dec. 06, 2017 |
Mar. 16, 2018 |
Jan. 18, 2018 |
Dec. 31, 2017 |
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Common stock for cash, shares | 9,500,206 | |||||
Dyer [Member] | ||||||
Assets purchase price | $ 11,000,000 | |||||
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Reverse stock split | 1-for-15 | |||||
Subsequent Event [Member] | Accredited Investor [Member] | ||||||
Interest rate | 7.50% | 7.50% | 12.00% | |||
Convertible note | $ 5,000,000 | $ 5,000,000 | $ 5,000,000 | |||
Convertible note maturity date | Dec. 31, 2019 | Sep. 30, 2019 | Jul. 31, 2019 | |||
Line of credit amount | $ 40,000,000 | |||||
Common stock for cash, amount | $ 750,000 | |||||
Common stock for cash, shares | 160,450 | |||||
Subsequent Event [Member] | Convertible promissory notes [Member] | ||||||
Converted common stock, amount | $ 9,400,000 | |||||
Converted common stock, shares | 3,141,005 | |||||
Subsequent Event [Member] | Accrued Interest [Member] | ||||||
Converted common stock, amount | $ 84,613 | |||||
Subsequent Event [Member] | DirectorsAndExecutives [Member] | ||||||
Options granted shared issued | 800,000 | |||||
Options vested period | 3 years | |||||
Subsequent Event [Member] | Loan Agreement [Member] | ||||||
Default penalty percentage | 130.00% | |||||
Loan from related party | $ 6,500,000 | |||||
Term of loan maturity period description |
The loan is collateralized by the real property. The Loan matures on the three-year anniversary of the closing date (January 18, 2018); provided that the Company may extend the maturity date by 12 months by delivering a notice to the lender at least 30 days before the stated maturity date. The Loan bears interest at the rate of 12% during the first 12 months, 12.5% during the second 12 months, 13% during the third 12 months, and 13.5% during any extension. The Company prepaid the first three (3) months of interest on the Loan and additional interest payments are due on the first day of each month starting on the fourth month after the Closing Date. |
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- References No definition available.
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- Definition The maturity date of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The value of the stock converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of warrants issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The rate of interest that was being paid on the original debt issue that is being converted in the noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Describes when borrowings outstanding under a line of credit will convert to a term loan, and describes the repayment terms, collateral, and priority (seniority) of the term loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash paid to purchase other assets as part of operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Receivables to be collected from (obligations owed to) related parties, net as of the balance sheet date where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of the reverse stock split arrangement. Also provide the retroactive effect given by the reverse split that occurs after the balance sheet date but before the release of financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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