Stockholders' Equity (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands |
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1 Months Ended |
3 Months Ended |
12 Months Ended |
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Jan. 31, 2018 |
Dec. 12, 2017 |
Feb. 07, 2017 |
Nov. 21, 2016 |
May 24, 2016 |
May 18, 2016 |
Aug. 13, 2015 |
Jul. 31, 2015 |
Jun. 24, 2015 |
Jun. 09, 2015 |
Jan. 31, 2018 |
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Apr. 11, 2017 |
Apr. 03, 2017 |
Mar. 20, 2017 |
Mar. 17, 2017 |
Feb. 15, 2017 |
Feb. 13, 2017 |
Jun. 07, 2016 |
Nov. 02, 2015 |
Oct. 31, 2014 |
Common stock, par value (in dollars per share) |
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$ 0.001
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$ 0.001
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$ 0.001
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$ 0.001
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Common stock, authorized |
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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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50,000,000
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Description of reverse stock split |
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Each share of issued
common stock was converted into 0.91 shares of common stock of the Company.
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Sale of common stock |
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6,600,000
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6,600,000
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Proceeds from sale of stock |
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$ 29,898
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$ 33,000
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Sale of common stock per share (in dollars per share) |
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$ 5.00
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Value on sale of common stock |
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33,000
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Commissions on sale of stock |
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2,525
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Expenses on sale of stock |
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$ 577
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Common stock, shares issued |
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27,554,076
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17,878,725
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27,554,076
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17,878,725
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Proceeds from issuance of shares |
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$ 25,325
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$ 30,709
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$ 32,862
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Principle amount |
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$ 5,000
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$ 5,000
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$ 5,000
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5,000
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Exercise price (in dollars per share) |
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$ 8.45
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$ 8.45
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General and administrative expense |
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$ 1,994
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$ 1,925
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$ 1,444
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$ 1,528
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$ 2,365
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$ 1,434
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$ 1,516
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$ 1,295
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$ 6,891
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6,610
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3,171
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Value of shares issued |
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$ 29,898
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Reduction in additional paid in capital |
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167
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$ 629
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Warrants [Member] |
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Exercise price (in dollars per share) |
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$ 6.00
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$ 0.0034375
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$ 3.00
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$ 6.00
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$ 3.00
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$ 6.00
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Share price (in dollars per share) |
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$ 17.920
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$ 19.148
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20.304
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$ 20.262
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13.062
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$ 12.16
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Securities Purchase Agreement [Member] | Accredited Investor [Member] |
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Principle amount |
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$ 6,000
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Insight Capital Consultants Corporation [Member] |
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Common stock, shares issued |
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20,000
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Interstate Battery System International, Inc. [Member] |
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Allocated value |
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$ 10,000
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Description of effective interest rate |
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The difference between the face value of the convertible
note and the allocated amount (which considers both the allocated fair value of the issued stock and allocated fair value of the
warrants) was recorded as an initial discount to the convertible note; common stock was recorded at its allocated fair value as
a credit to par value and additional paid-in capital as appropriate, based on the number of shares issued, and the allocated fair
value of the warrant was credited to additional paid-in capital. After taking into consideration the amortization of the note
discount, the effective interest rate is 184.75%.
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Interstate Battery System International, Inc. [Member] | Merrill Lynch US High Yield CCC Rate [Member] |
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Discount rate |
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16.21%
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Interstate Battery System International, Inc. [Member] | Merrill Lynch US High Yield B [Member] |
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Discount rate |
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7.44%
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Interstate Battery System International, Inc. [Member] | Warrant #1 [Member] |
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Exercise price (in dollars per share) |
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$ 7.12
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Share price (in dollars per share) |
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$ 11.39
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Volatility |
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65.70%
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Dividend rate |
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0.00%
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Number of warrants issued |
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702,247
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Interstate Battery System International, Inc. [Member] | Warrant #2 [Member] |
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Exercise price (in dollars per share) |
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$ 9.00
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Share price (in dollars per share) |
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$ 11.39
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Volatility |
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67.80%
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Dividend rate |
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0.00%
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Number of warrants issued |
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1,605,131
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Interstate Battery System International, Inc. [Member] | Credit Agreement [Member] |
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Description of coversion of convertible note and warrants |
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If Interstate converts its convertible note and exercises
both warrants in their entirety, it will own approximately 11.4% of the Company’s common stock at an average price per share
of approximately $7.93.
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Debt issuance costs |
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$ 142
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Amortized period to interest expense |
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3 years
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Interstate Battery System International, Inc. [Member] | Credit Agreement [Member] | 11% Secured Convertible Promissory Note [Member] |
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Proceeds from issuance of debt |
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$ 5,000
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Principle amount |
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$ 5,000
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Maturity date |
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May 24, 2019
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Conversion price (in dollars per share) |
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$ 7.12
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General and administrative expense |
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600
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Description of collateral |
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Secured by a second priority lien on the real estate,
fixtures and equipment at the Companys recycling facility at McCarran, Nevada.
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Interstate Battery System International, Inc. [Member] | Credit Agreement [Member] | 11% Secured Convertible Promissory Note [Member] | Warrant #1 [Member] |
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Warrant expiration date |
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May 24, 2018
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Interstate Battery System International, Inc. [Member] | Credit Agreement [Member] | 11% Secured Convertible Promissory Note [Member] | Warrant #2 [Member] |
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Warrant expiration date |
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May 24, 2019
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Interstate Battery System International, Inc. [Member] | Securities Purchase Agreement [Member] |
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Proceeds from issuance of shares |
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$ 5,000
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Share price (in dollars per share) |
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$ 7.12
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Number of shares issued |
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702,247
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Reduction in additional paid in capital |
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$ 629
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Cost allocated |
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$ 771
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National Securities Corporation (Placement Agent) [Member] | Definitive Agreements [Member] |
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Commission paid |
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$ 307
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Percentage of sales commision |
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6.00%
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legal fees |
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$ 38
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Reduction in additional paid in capital |
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$ 345
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National Securities Corporation (Placement Agent) [Member] | Definitive Agreements [Member] | Accredited Investor [Member] |
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Share price (in dollars per share) |
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$ 7.12
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Number of shares issued |
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719,333
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Value of shares issued |
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$ 5,122
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Johnson Controls [Member] | Securities Purchase Agreement [Member] |
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Proceeds from issuance of shares |
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$ 10,600
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Share price (in dollars per share) |
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$ 11.33
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Number of shares issued |
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939,005
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legal fees |
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$ 167
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Over-Allotment Option [Member] |
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Sale of common stock |
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641,930
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Proceeds from sale of stock |
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$ 2,964
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Value on sale of common stock |
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3,210
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Commissions on sale of stock |
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$ 246
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Common stock, shares issued |
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990,000
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Over-Allotment Option [Member] | Underwriter [Member] | Subsequent Event [Member] |
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Sale of common stock |
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1,072,500
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Proceeds from sale of stock |
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$ 2,100
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Over-Allotment Option [Member] | Warrants [Member] |
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Exercise price (in dollars per share) |
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$ 6.00
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Discount rate |
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1.57%
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Volatility |
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80.00%
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Dividend rate |
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0.00%
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Number of warrants issued |
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64,193
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Warrants exercisable date |
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Jul. 30, 2016
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2016 Public Offering [Member] |
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Sale of common stock |
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2,300,000
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Proceeds from sale of stock |
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$ 21,500
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Sale of common stock per share (in dollars per share) |
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$ 10.00
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2016 Public Offering [Member] | Underwriter [Member] |
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Fees paid |
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$ 1,400
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2016 Public Offering [Member] | Warrants [Member] |
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Number of warrants issued |
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2,305,378
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2,305,378
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2016 Public Offering [Member] | Warrants [Member] | Underwriter [Member] |
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Warrant expiration date |
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Nov. 21, 2019
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Exercise price (in dollars per share) |
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$ 10.00
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Fair value of warrant issued |
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$ 229
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Share price (in dollars per share) |
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$ 12.66
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Term (years) |
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3 years
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Discount rate |
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1.36%
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Volatility |
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72.00%
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Dividend rate |
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0.00%
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Number of warrants issued |
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33,450
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Warrants exercisable date |
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May 20, 2017
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2017 Public Offering [Member] |
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Sale of common stock |
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7,150,000
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Proceeds from sale of stock |
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$ 13,800
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Sale of common stock per share (in dollars per share) |
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$ 2.10
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2017 Public Offering [Member] | Underwriter [Member] | Subsequent Event [Member] |
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Proceeds from issuance of shares |
$ 2,100
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Number of shares issued |
1,072,500
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2017 Public Offering [Member] | Warrants [Member] |
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Exercise price (in dollars per share) |
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6.00
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$ 6.00
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6.00
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Share price (in dollars per share) |
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$ 20.304
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$ 16.768
|
$ 13.062
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