NextPlat Corp Post-effective amendment to a registration statement that is not immediately effective upon filing

Post-effective amendment to a registration statement that is not immediately effective upon filing

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Note Exchange Agreement (Details Narrative) (10-K)

v3.20.2

Note Exchange Agreement (Details Narrative) (10-K) - USD ($)		3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Repayments from note payable					$ 46,422	$ 46,422
Long-term notes payable		$ 330,887		330,887		121,848
Interest on debt		$ 1,843	$ 1,843	$ 5,488	$ 3,065	$ 4,907	$ 0
Note Exchange Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	6.00%
Debt instrument, interest rate basis for effective rate	In the event that any amount due under a Note is not paid as and when due, such amounts will accrue interest at the rate of 12% per year, simple interest, non-compounding, until paid.
Debt instrument, effective interest rate	12.00%

- Definition

Description of any adjustments made to the stated rate to determine the effective rate.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399

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-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- Definition

Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 6
-Subparagraph (a)
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- Definition

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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- Definition

Amount of the cost of borrowed funds accounted for as interest expense for debt.

+ References

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- Definition

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+ References

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- Definition

The cash outflow for a borrowing supported by a written promise to pay an obligation.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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