STOCKHOLDERS’ EQUITY (Details Narrative)
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3 Months Ended |
9 Months Ended |
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Sep. 22, 2021
$ / shares
shares
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Sep. 14, 2021
$ / shares
shares
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Sep. 03, 2021
$ / shares
shares
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Aug. 24, 2021
USD ($)
$ / shares
shares
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Jul. 30, 2021
USD ($)
$ / shares
shares
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Jul. 19, 2021
USD ($)
$ / shares
shares
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Jul. 15, 2021
USD ($)
shares
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Jul. 14, 2021
USD ($)
$ / shares
shares
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Jul. 13, 2021
USD ($)
$ / shares
shares
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Jul. 12, 2021
USD ($)
$ / shares
shares
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Jul. 08, 2021
USD ($)
$ / shares
shares
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Jul. 06, 2021
USD ($)
$ / shares
shares
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Jun. 28, 2021
$ / shares
shares
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Jun. 28, 2021
USD ($)
$ / shares
shares
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Jun. 10, 2021
USD ($)
$ / shares
shares
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Jun. 02, 2021
USD ($)
$ / shares
shares
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May 28, 2021
USD ($)
$ / shares
shares
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May 27, 2021
USD ($)
$ / shares
shares
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May 26, 2021 |
May 20, 2021
USD ($)
$ / shares
shares
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Mar. 24, 2021 |
Mar. 02, 2021
USD ($)
$ / shares
shares
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Feb. 23, 2021
USD ($)
$ / shares
shares
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Feb. 19, 2021
shares
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Jan. 12, 2021
USD ($)
$ / shares
shares
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Aug. 19, 2019 |
Jul. 24, 2019
$ / shares
shares
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Mar. 08, 2018 |
Mar. 28, 2014 |
Sep. 30, 2021
$ / shares
shares
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Sep. 30, 2020
shares
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Sep. 30, 2021
USD ($)
$ / shares
shares
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Sep. 30, 2020
USD ($)
shares
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Dec. 31, 2020
$ / shares
shares
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Mar. 05, 2016
shares
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Mar. 04, 2016
shares
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Class of Stock [Line Items] |
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Authorized capital |
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800,000,000
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220,000,000
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Common stock, shares authorized |
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750,000,000
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50,000,000
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50,000,000
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50,000,000
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750,000,000
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200,000,000
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Preferred stock, shares authorized |
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50,000,000
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3,333,333
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3,333,333
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50,000,000
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20,000,000
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Reverse split |
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ratio of 1-for-5
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1-for-5
reverse stock split
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stock
split not to exceed 1 for 5 reverse stock split
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reverse split of our common stock at a ratio of 1 for 15
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1-for-15
reverse split
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ratio of 1 for 150
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1:150 reverse split of our common stock
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Common Stock, Par or Stated Value Per Share | $ / shares |
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$ 0.0001
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$ 0.0001
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$ 0.0001
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$ 0.0001
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Preferred Stock, Par or Stated Value Per Share | $ / shares |
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$ 0.0001
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$ 0.0001
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$ 0.0001
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Preferred Stock, Shares Issued |
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0
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0
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Preferred Stock, Shares Outstanding |
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0
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0
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Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised |
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925,908
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Stock Issued During Period, Value, New Issues | $ |
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$ 12,661,984
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Common stock, shares issued |
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6,469,263
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6,469,263
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817,450
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Common stock, shares outstanding |
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2,530,092
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2,530,092
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800
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Common stock, shares outstanding |
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6,469,263
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6,469,263
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817,450
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Stock Issued During Period, Value, Issued for Services | $ |
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$ 14,200
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Proceeds from Issuance of Common Stock | $ |
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$ 14,400,000
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12,661,984
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Proceeds from Warrant Exercises | $ |
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$ 4,629,540
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Options exercised, cashless |
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19,200
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Options granted |
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325,000
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325,000
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Stock option exercise price | $ / shares |
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$ 3.24
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Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ |
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$ 1,053,064
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Share-based Payment Arrangement, Noncash Expense | $ |
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$ 1,321,564
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$ 130,400
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Measurement Input Expected Volatility [Member] |
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Class of Stock [Line Items] |
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Derivative Liability, Measurement Input |
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75.25
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Measurement Input, Expected Term [Member] |
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Class of Stock [Line Items] |
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Derivative liability measurement input term |
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5 years
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Measurement Input, Risk Free Interest Rate [Member] |
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Class of Stock [Line Items] |
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Derivative Liability, Measurement Input |
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0.28
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Board of Directors [Member] |
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Class of Stock [Line Items] |
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Reverse split |
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no less than 1-for-2 shares of Common Stock, and (ii) no more than 1-for-5 shares of
Common Stock, the exact ratio to be determined in the sole discretion of the Board of Directors, at any time before August 31, 2021.
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Number of common stock shares owned |
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2,686,337
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Common stock shares issued outstanding percentage |
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63.50%
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Douglas Ellenoff, Chief Business Development Strategist [Member] |
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Class of Stock [Line Items] |
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Shares issued |
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50,000
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Share-based Compensation Arrangement by Share-based Payment Award, Description |
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On
August 24, 2021, the Company issued to Douglas Ellenoff, Chief Business Development Strategist, 300,000 options which are fully
vested, to purchase its common stock. The Company will issue an additional 150,000 options per year for the next three years which
will be fully vested at the end of each year, as long as Mr. Ellenoff remains employed by the Company. During the next three years, Mr.
Ellenoff will be eligible to receive an additional 250,000 per year on each of the first three anniversaries of the commencement
of his employment if during each such year Mr. Ellenoff introduces the Company to twelve (12) or more potential Business Transactions
(as defined in the Ellenoff Agreement and which transactions need not be consummated); provided that the Company’s Chief Executive
Officer may, in his sole discretion, waive the vesting requirement in any given year. Such options have an exercise price of $5.35
per share and will terminate 5 years after they vest.
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Share-based Payment Arrangement, Noncash Expense | $ |
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268,500
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Shares Issued, Price Per Share | $ / shares |
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$ 5.37
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Paul R Thomson, Executive Vice President and Chief Financial Officer [Member] |
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Class of Stock [Line Items] |
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Options granted |
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25,000
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Stock option exercise price | $ / shares |
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$ 5.35
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Stock option vesting term |
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5 years
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Share-based Payment Arrangement, Noncash Expense | $ |
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$ 1,053,064
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Common Stock [Member] |
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Class of Stock [Line Items] |
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Common stock, shares authorized |
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50,000,000
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50,000,000
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Shares issued |
12,437
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40,000
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10,000
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80,000
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1,000
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5,000
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278,555
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59,853
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2,000
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425,000
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78,500
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1,000
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2,880,000
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Warrant exercise price | $ / shares |
$ 1.00
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$ 5.35
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$ 5.35
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$ 5.00
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$ 5.00
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$ 5.00
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$ 5.00
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$ 5.00
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$ 5.00
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$ 5.00
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$ 5.00
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Common stock shares issued |
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80,000
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1,000
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278,555
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59,853
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2,000
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425,000
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78,500
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1,000
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|
|
Stock Issued During Period, Value, New Issues | $ |
|
|
|
|
$ 400,000
|
$ 5,000
|
$ 5,000
|
$ 1,392,775
|
$ 299,265
|
$ 10,000
|
$ 2,125,000
|
$ 392,500
|
|
|
$ 5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 288
|
|
|
|
|
Common stock, shares issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,469,263
|
|
6,469,263
|
|
|
|
|
Common stock, shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,469,263
|
|
6,469,263
|
|
|
|
|
Debt Conversion, Converted Instrument, Shares Issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
149,532
|
80,289
|
|
30,000
|
|
|
|
|
|
|
|
|
|
|
|
Debt Conversion, Converted Instrument, Amount | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 149,532
|
$ 80,289
|
|
$ 30,000
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Convertible, Conversion Price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1.29
|
|
$ 1.00
|
|
$ 1.00
|
$ 1.00
|
|
$ 1.00
|
|
|
|
|
|
|
|
|
|
|
|
Stock Issued During Period, Shares, Issued for Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,000
|
|
|
|
|
|
|
|
|
1,000
|
|
|
|
|
Stock Issued During Period, Value, Issued for Services | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 14,200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options exercised, cashless |
14,200
|
|
|
|
|
|
5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,437
|
85,960
|
17,437
|
85,960
|
|
|
|
Options exercised |
2,763
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted stock award exercised |
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock 1 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reverse split |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 for 5 reverse
stock split. A definitive Information Statement relating to the shareholder consent was filed with the SEC on March 13, 2021. The Company’s
Board of Directors subsequently approved a 1-for-5 reverse stock split. The Company has filed a Certificate of Change to its Amended
and Restated Articles of Incorporation to effect a reverse stock split of its issued and outstanding common stock, at a ratio of 1-for-5.
The effective time of the reverse stock split will be 12:01 a.m. ET on May 28, 2021.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Conversion, Converted Instrument, Shares Issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
897,231
|
|
29,800
|
|
38,616
|
120,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Conversion, Converted Instrument, Amount | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1,156,377
|
|
$ 29,800
|
|
$ 48,270
|
$ 150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt Instrument, Convertible, Conversion Price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 1.25
|
$ 1.25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants share authorized |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,386,092
|
|
2,386,092
|
|
|
|
|
Warrants to purchase common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,880,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price | $ / shares |
|
|
|
|
$ 5.00
|
$ 5.00
|
|
$ 5.00
|
$ 5.00
|
$ 5.00
|
$ 5.00
|
$ 5.00
|
|
|
$ 5.00
|
$ 5.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business Combination, Consideration Transferred | $ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock shares issued |
|
|
|
|
80,000
|
1,000
|
|
278,555
|
59,853
|
2,000
|
425,000
|
78,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Issued During Period, Value, New Issues | $ |
|
|
|
|
$ 400,000
|
$ 5,000
|
|
$ 1,392,775
|
$ 299,265
|
$ 10,000
|
$ 2,125,000
|
$ 392,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant [Member] | Common Stock [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares issued |
|
|
|
|
80,000
|
1,000
|
|
278,555
|
59,853
|
2,000
|
425,000
|
78,500
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
$ 5.00
|
$ 5.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underwriter Warrants [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock, shares issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
144,000
|
|
144,000
|
|
|
|
|
Common stock, shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
144,000
|
|
144,000
|
|
|
|
|
Underwriter Warrants [Member] | Maxim Group L L C [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
5 years
|
|
|
|
|
Warrants issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
144,000
|
|
144,000
|
|
|
|
|
[custom:PublicOfferingPricePercentage] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
110.00%
|
|
|
|
|
Underwriter Warrant [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrants to purchase common stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
144,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant exercise price | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
[custom:ClassOfWarrantOrRightExercisePricePercentageOnOfferingPrice-0] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
110.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted Stock Units (RSUs) [Member] | Douglas Ellenoff, Chief Business Development Strategist [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period |
|
|
|
40,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number |
|
|
|
60,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting rate, shares |
|
|
|
20,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted Stock Units (RSUs) [Member] | Paul R Thomson, Executive Vice President and Chief Financial Officer [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period |
|
|
|
10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number |
|
|
|
15,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vesting rate, shares |
|
|
|
5,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted Stock Units (RSUs) [Member] | Common Stock [Member] | Douglas Ellenoff, Chief Business Development Strategist [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Issued During Period, Shares, Restricted Stock Award, Gross |
|
|
|
100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restricted Stock Units (RSUs) [Member] | Common Stock [Member] | Paul R Thomson, Executive Vice President and Chief Financial Officer [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Class of Stock [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Issued During Period, Shares, Restricted Stock Award, Gross |
|
|
|
25,000
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Underwriter [Member] | Maxim Group L L C [Member] |
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Class of Stock [Line Items] |
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Public offering description |
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the Company agreed to issue and sell to the Underwriter in an underwritten public
offering
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Partners' Capital Account, Units, Sold in Public Offering |
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2,880,000
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[custom:PublicOfferingPrice-0] | $ / shares |
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$ 5.00
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Proceeds from Issuance of Common Stock | $ |
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$ 2,155,680
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$ 14,400,000
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Underwriter [Member] | Warrant [Member] | Maxim Group L L C [Member] |
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Class of Stock [Line Items] |
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Warrants to purchase common stock |
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432,000
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Common Stock [Member] |
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Class of Stock [Line Items] |
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Reverse split |
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reverse
stock split of its common stock at a ratio of 1-for-5
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Common Stock [Member] | Warrant [Member] |
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Class of Stock [Line Items] |
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Shares issued |
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432,000
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1,000
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2,880,000
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Warrants term |
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5 years
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5 years
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Class of Warrant or Right, Number of Securities Called by Warrants or Rights |
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432,000
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432,000
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Common Stock [Member] | Reverse Split [Member] |
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Class of Stock [Line Items] |
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Reverse split |
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1-for-5
reverse stock split
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Common Stock [Member] | Underwriter [Member] | Maxim Group L L C [Member] |
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Class of Stock [Line Items] |
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Shares issued |
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432,000
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Warrant exercise price | $ / shares |
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$ 0.01
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Proceeds from Warrant Exercises | $ |
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$ 4,320
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