Convertible notes (Details Narrative) - USD ($) |
1 Months Ended | |
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Aug. 05, 2015 |
Oct. 31, 2014 |
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12% Convertible Notes [Member] | ||
Maturity date | Dec. 31, 2015 | |
12% Convertible Notes [Member] | IPO [Member] | ||
Principle amount | $ 6,000,000 | |
Interest amount | $ 279,678 | |
Number of converted shares | 2,511,871 | |
Conversion price (in dollars per share) | $ 2.50 | |
Securities Purchase Agreement [Member] | Accredited Investors [Member] | ||
Principle amount | $ 6,000,000 |
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- Definition The number of shares 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 payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Increase for accrued, but unpaid interest on the debt instrument for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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