NextPlat Corp Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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)

v3.19.3

Note Exchange Agreement (Details Narrative) - USD ($)		3 Months Ended	9 Months Ended
Note Exchange Agreement (Details Narrative) - USD ($)	Apr. 30, 2019	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Repayments from note payable			$ 46,422
Long-term notes payable		$ 121,848	121,848
Interest on debt		$ 1,843	$ 3,065
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

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

+ References

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