PAYROLL PROTECTION PROGRAM LOAN (Details) - USD ($) |
Jun. 04, 2020 |
Apr. 25, 2020 |
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PPP Loan | ||
Unsecured loan amount | $ 176,300 | |
Term of the debt (in years) | 2 years | |
Interest rate (as a percent) | 1.00% | |
Repayment deferral period (in months) | 6 months | |
Payments of principal and interest (in monthly) | $ 10,000 | |
10% Convertible Notes | ||
Term of the debt (in years) | 3 years | |
Aggregate principal amount | $ 550,000 | |
Conversion Price (in dollars per share) | $ 0.27 | |
VWAP (in dollars per share) | $ 0.32 |
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- Definition The threshold minimum volume weighted average price (VWAP) which would be required to be attained for the conversion feature embedded in the debt instrument to become effective. No definition available.
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- Definition Period during which the repayment of debt instrument is deferred, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of the required periodic payments including both interest and principal payments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition The cash inflow from the issuance of long-term debt that is not secured by collateral. Excludes proceeds from tax exempt unsecured debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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