Quarterly report pursuant to Section 13 or 15(d)

Convertible Debentures (Details)

v3.21.2
Convertible Debentures (Details)
 1 Months Ended 3 Months Ended
Oct. 14, 2019
USD ($)
$ / shares
shares
Oct. 11, 2019
USD ($)
Oct. 15, 2018
$ / shares
shares
Oct. 12, 2018
$ / shares
shares
Sep. 09, 2018
USD ($)
Sep. 04, 2018
USD ($)
$ / shares
Dec. 31, 2019
$ / shares
Nov. 26, 2019
USD ($)
Oct. 29, 2019
USD ($)
$ / shares
shares
Sep. 19, 2019
USD ($)
$ / shares
shares
Aug. 19, 2019
USD ($)
$ / shares
shares
Jul. 19, 2019
USD ($)
$ / shares
shares
Jan. 16, 2019
USD ($)
$ / shares
shares
Dec. 28, 2018
USD ($)
$ / shares
shares
Sep. 17, 2018
USD ($)
$ / shares
shares
Nov. 30, 2019
$ / shares
shares
Jan. 23, 2019
USD ($)
GS Capital Partners [Member]
Convertible Debentures (Details) [Line Items]
Convertible secured note $ 143,750
Principal amount $ 18,750
Convertible shares | shares (in Shares) | shares 260,416 260,416
Conversion price | $ / shares (in Dollars per share) | $ / shares $ 0.48 $ 0.48
Maturity date Apr. 29, 2019
Interest rate 15.00% 10.00%
Calvary Fund I LP [Member]
Convertible Debentures (Details) [Line Items]
Convertible secured note $ 2,400,000 $ 480,000
Principal amount $ 75,000 $ 250,000 $ 80,000
Convertible shares | shares (in Shares) | shares 1,162
Conversion price | $ / shares (in Dollars per share) | $ / shares $ 0.86 $ 0.87 $ 0.17
Maturity date Sep. 04, 2019 Aug. 29, 2020
Interest rate 10.00% 10.00% 10.00% 3.30%
Description of convertible debenture the Company issued 250 one year units for proceeds of $250,000, each unit consisting of a $1,000 principal convertible unsecured debenture The units consist of 250 units of $1,000 convertible debentures and 1,149,424 common share purchase warrants. the Company entered into an agreement with Calvary Fund, whereby the remaining principal and interest of $200,000 was settled by the issue of 1,111,111 common shares and warrants exercisable over 1,111,111 common shares at an exercise price of $0.23 per share, expiring on September 20, 2021.
Interest on convertible debenture $ 1,096
Exercise price | $ / shares (in Dollars per share) | $ / shares $ 0.86 $ 0.15
Convertible proceeds $ 2,000,000
Remaining amount $ 374,980
Warrants to purchase | shares (in Shares) | shares 2,666,666
Common shares issue | shares (in Shares) | shares 2,352,941
Original issue discount percent 20.00%
Warrant coverage 100.00%
Convertible debenture term 4 years
Placement agent, description the Company concluded its first closing of gross proceeds of $265,000, issuing a convertible debenture of $318,000. Warrants exercisable for 1,558,730 common shares, exercisable at $0.17 per share and maturing on November 26, 2023 and placement agent warrants exercisable over 124,500 common shares at an exercise price of $0.17 per share, maturing on November 26, 2023, were issued.
Calvary Fund I LP [Member] | Subsequent Event [Member]
Convertible Debentures (Details) [Line Items]
Conversion price | $ / shares (in Dollars per share) | $ / shares $ 0.18
Maturity date Oct. 12, 2020
SBI Investments, LLC [Member]
Convertible Debentures (Details) [Line Items]
Convertible shares | shares (in Shares) | shares 1,162
Conversion price | $ / shares (in Dollars per share) | $ / shares $ 0.86
Interest rate 10.00%
Description of convertible debenture the Company entered into an agreement with SBI Investments LLC whereby the Company issued 250 one year units for proceeds of $250,000, each debenture consisting of a $1,000 principal convertible unsecured debenture
Exercise price | $ / shares (in Dollars per share) | $ / shares $ 0.86
Warrants expire date Oct. 15, 2019
SBI Investments, LLC [Member] | Subsequent Event [Member]
Convertible Debentures (Details) [Line Items]
Conversion price | $ / shares (in Dollars per share) | $ / shares $ 0.18
Maturity date Oct. 12, 2020
Bay Private Equity, Inc. [Member]
Convertible Debentures (Details) [Line Items]
Convertible secured note $ 400,000 $ 1,100,000
Convertible shares | shares (in Shares) | shares 5,000,000 250,000
Conversion price | $ / shares (in Dollars per share) | $ / shares $ 0.40 $ 1.00
Interest rate 5.00% 5.00%
Description of convertible debenture the Company issued a convertible debenture of $2,400,000, including an original issue discount of $400,000, for net proceeds of $2,000,000. the Company issued 3 one year convertible units of $1,100,000 each to Bay Private Equity, Inc. (“Bay”) for net proceeds of $2,979,980.
Exercise price | $ / shares (in Dollars per share) | $ / shares $ 1.10
Warrants expire date Sep. 17, 2019
Convertible proceeds $ 400,000
Convertible secured note (in Shares) | shares 3,300,000
Bay Private Equity, Inc. [Member] | Subsequent Event [Member]
Convertible Debentures (Details) [Line Items]
Maturity date Jan. 15, 2020
Cantone Asset Management [Member]
Convertible Debentures (Details) [Line Items]
Convertible secured note $ 240,000 $ 240,000 $ 300,000
Principal amount $ 40,000 $ 40,000 $ 50,000
Conversion price | $ / shares (in Dollars per share) | $ / shares $ 0.17 $ 0.21 $ 0.19
Maturity date Jan. 14, 2021 Dec. 17, 2020
Interest rate 7.00% 7.00% 7.00%
Exercise price | $ / shares (in Dollars per share) | $ / shares $ 0.20 $ 0.26 $ 0.24
Remaining amount $ 200,000 $ 200,000 $ 234,000
Warrants to purchase | shares (in Shares) | shares 1,176,470 952,380 1,315,789
Common shares issue | shares (in Shares) | shares 1,176,470 952,380 1,578,947
Placement agent, description will act as the placement agent and will earn cash compensation of 8% of the cash proceeds raised and be issued placement agent warrants exercisable over 470 common shares for each $1,000 raised, on the same terms as the warrants issued to PCF.
Private investor [Member]
Convertible Debentures (Details) [Line Items]
Convertible secured note $ 200,000
Conversion price | $ / shares (in Dollars per share) | $ / shares $ 0.18
Interest rate 10.00%
Exercise price | $ / shares (in Dollars per share) | $ / shares $ 0.18
Warrants to purchase | shares (in Shares) | shares 555,555
Common shares issue | shares (in Shares) | shares 1,111,111
Asphalt Ridge Property [Member]
Convertible Debentures (Details) [Line Items]
Number of acres 8,000
Power Up Lending Group, Ltd. [Member]
Convertible Debentures (Details) [Line Items]
Convertible secured note $ 158,000
Maturity date Oct. 11, 2020
Interest rate 12.00%
Convertible proceeds $ 140,000
Original issue discount amount $ 15,000
Conversion price 75.00%
Power Up Lending Group, Ltd. [Member] | Minimum [Member]
Convertible Debentures (Details) [Line Items]
Prepayment penalties percentage 110.00%
Power Up Lending Group, Ltd. [Member] | Maximum [Member]
Convertible Debentures (Details) [Line Items]
Prepayment penalties percentage 130.00%