Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Oct. 29, 2020 | |
Document Information [Line Items] | ||
Entity Registrant Name | Zero Gravity Solutions, Inc. | |
Entity Central Index Key | 0001574186 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 39,690,868 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Current Assets | ||
Cash and cash equivalents | $ 1,782,954 | $ 43,683 |
Accounts receivable - net | 2,275 | 342 |
Prepaid and other | 264,859 | 314,645 |
Inventory | 26,326 | 103,142 |
Total Current Assets | 2,076,414 | 461,812 |
Property and Equipment - net | 73,406 | 85,523 |
Other Assets | ||
Inventory | 220,495 | |
Deposit | 4,817 | 4,817 |
Total Other Assets | 225,312 | 4,817 |
Total Assets | 2,375,132 | 552,152 |
Current Liabilities | ||
Accounts payable and accrued expenses | 493,884 | 544,659 |
Accounts payable and accrued expenses - related parties | 127,480 | |
Accrued interest | 36,941 | 21,262 |
Accrued interest - related parties | 141,202 | 100,919 |
Deferred revenue | 250,000 | |
Deferred compensation - related party | 12,500 | |
Insurance financing liability | 105,025 | 223,482 |
Notes payable - net | 191,108 | |
Notes payable - related parties - net | 99,214 | 1,058,621 |
Convertible notes payable - net | 151,503 | 8,947 |
Convertible notes payable - related parties | 500,000 | |
Derivative liability | 216,000 | 114,000 |
Total Current Liabilities | 1,243,769 | 3,152,978 |
Long-Term Liabilities | ||
Convertible notes payable - net | 356,794 | |
Convertible notes payable - related parties - net | 1,098,649 | |
Notes payable - net | 96,263 | |
Notes payable - related parties - net | 943,621 | |
Total Long-Term Liabilities | 1,777,813 | 2,495,327 |
Total Liabilities | 3,021,582 | 5,648,305 |
Commitments (Note 5) | ||
Stockholders' Deficit | ||
Common stock, $0.001 par value, 100,000,000 shares authorized 39,332,310 and 40,954,115 shares issued and outstanding at June 30, 2019 and December 31, 2018 respectively | 39,332 | 40,954 |
Additional paid-in capital | 32,586,150 | 24,283,509 |
Accumulated deficit | (33,271,377) | (29,420,616) |
Stockholders' deficit | (645,895) | (5,096,153) |
Non-controlling interest | (555) | |
Total Stockholders' Deficit | (646,450) | (5,096,153) |
Total Liabilities and Stockholders' Deficit | 2,375,132 | 552,152 |
Series A Secured Convertible Promissory Note [Member] | ||
Long-Term Liabilities | ||
Convertible notes payable - net | 339,112 | |
Convertible notes payable - related parties - net | 1,116,584 | |
Series B Secured Convertible Promissory Note [Member] | ||
Long-Term Liabilities | ||
Convertible notes payable - net | 56,013 | |
Convertible notes payable - related parties - net | $ 266,104 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2019 | Dec. 31, 2018 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares issued (in shares) | 39,332,310 | 40,954,115 |
Common stock, shares outstanding (in shares) | 39,332,310 | 40,954,115 |
Series A Secured Convertible Promissory Note [Member] | ||
Convertible notes payable, interest rate | 10.00% | |
Series B Secured Convertible Promissory Note [Member] | ||
Convertible notes payable, interest rate | 12.00% |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Sales | $ 4,923 | $ 29,600 | $ 49,418 | $ 33,070 |
Cost of sales | 6,327 | 4,727 | 33,640 | 5,277 |
Gross profit (loss) | (1,404) | 24,873 | 15,778 | 27,793 |
Operating expenses | ||||
General and administrative expenses | 987,884 | 1,160,825 | 1,874,596 | 2,570,597 |
Research and development | 63,891 | 16,710 | 64,962 | 101,451 |
Total operating expenses | 1,051,775 | 1,177,535 | 1,939,558 | 2,672,048 |
Loss from operations | (1,053,179) | (1,152,662) | (1,923,780) | (2,644,255) |
Other income (expense) - net | ||||
Interest expense | (245,181) | (72,403) | (380,333) | (133,502) |
Amortization of debt discounts | (1,336,868) | (49,320) | (1,534,203) | (72,962) |
Change in fair value of derivative liability | 15,000 | (13,000) | ||
Loss on disposal of asset | (343) | |||
Total other income (expense) - net | (1,567,049) | (121,723) | (1,927,536) | (206,807) |
Net loss including non-controlling interest | (2,620,228) | (1,274,385) | (3,851,316) | (2,851,062) |
Non-controlling interest | (283) | (555) | ||
Net loss available to common stockholders | $ (2,619,945) | $ (1,274,385) | $ (3,850,761) | $ (2,851,062) |
Loss per share - basic and diluted (in dollars per share) | $ (0.07) | $ (0.03) | $ (0.10) | $ (0.07) |
Weighted average number of shares - basic and diluted (in shares) | 39,968,574 | 40,808,976 | 40,491,752 | 40,792,224 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) - USD ($) | Warrants Issued for Services [Member]Common Stock [Member] | Warrants Issued for Services [Member]Additional Paid-in Capital [Member] | Warrants Issued for Services [Member]Retained Earnings [Member] | Warrants Issued for Services [Member]Noncontrolling Interest [Member] | Warrants Issued for Services [Member] | Warrants Issued as Loan Costs [Member]Common Stock [Member] | Warrants Issued as Loan Costs [Member]Additional Paid-in Capital [Member] | Warrants Issued as Loan Costs [Member]Retained Earnings [Member] | Warrants Issued as Loan Costs [Member]Noncontrolling Interest [Member] | Warrants Issued as Loan Costs [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Noncontrolling Interest [Member] | Total |
Balance (in shares) at Dec. 31, 2017 | 40,650,397 | ||||||||||||||
Balance at Dec. 31, 2017 | $ 40,650 | $ 21,970,266 | $ (23,980,220) | $ (1,969,304) | |||||||||||
Common stock issued for cash - net of offering costs (in shares) | 55,334 | ||||||||||||||
Common stock issued for cash - net of offering costs | $ 56 | 164,266 | 164,322 | ||||||||||||
Warrants issued | $ 57,947 | $ 57,947 | $ 70,897 | $ 70,897 | |||||||||||
Stock options issued for services | 71,254 | 71,254 | |||||||||||||
Net loss | (1,576,677) | (1,576,677) | |||||||||||||
Balance (in shares) at Mar. 31, 2018 | |||||||||||||||
Balance at Mar. 31, 2018 | 1,680 | ||||||||||||||
Balance (in shares) at Dec. 31, 2017 | 40,650,397 | ||||||||||||||
Balance at Dec. 31, 2017 | $ 40,650 | 21,970,266 | (23,980,220) | (1,969,304) | |||||||||||
Net loss | (2,851,062) | ||||||||||||||
Cancellation and return of shares from former related party ($0.001/share) | |||||||||||||||
Balance (in shares) at Jun. 30, 2018 | 40,954,115 | ||||||||||||||
Balance at Jun. 30, 2018 | $ 40,954 | 23,732,700 | (26,831,282) | (3,057,628) | |||||||||||
Balance (in shares) at Mar. 31, 2018 | |||||||||||||||
Balance at Mar. 31, 2018 | 1,680 | ||||||||||||||
Common stock issued for cash - net of offering costs (in shares) | 248,384 | ||||||||||||||
Common stock issued for cash - net of offering costs | $ 248 | 720,904 | 721,152 | ||||||||||||
Warrants issued | 127,029 | 127,029 | $ 475,114 | $ 475,114 | |||||||||||
Stock options issued for services | 75,023 | 75,023 | |||||||||||||
Net loss | (1,274,385) | (1,274,385) | |||||||||||||
Balance (in shares) at Jun. 30, 2018 | 40,954,115 | ||||||||||||||
Balance at Jun. 30, 2018 | $ 40,954 | 23,732,700 | (26,831,282) | (3,057,628) | |||||||||||
Balance (in shares) at Dec. 31, 2018 | 40,954,115 | ||||||||||||||
Balance at Dec. 31, 2018 | $ 40,954 | 24,283,509 | (29,420,616) | (5,096,153) | |||||||||||
Warrants issued | 112,651 | 112,651 | |||||||||||||
Net loss | (1,230,816) | (1,230,816) | |||||||||||||
Common stock issued for services (in shares) | 45,000 | ||||||||||||||
Common stock issued for services | $ 45 | 79,905 | 79,950 | ||||||||||||
Common stock issued upon cashless exercise of warrants ($0.001/share) (in shares) | 306,195 | ||||||||||||||
Common stock issued upon cashless exercise of warrants ($0.001/share) | $ 306 | (306) | |||||||||||||
Stock issued for loan costs ($1.80/share) (in shares) | 2,000 | ||||||||||||||
Stock Issued During Period, Value, Issued for Loan Costs | $ 2 | 3,606 | 3,608 | ||||||||||||
Non-controlling interest | (272) | (272) | |||||||||||||
Balance (in shares) at Mar. 31, 2019 | 41,307,310 | ||||||||||||||
Balance at Mar. 31, 2019 | $ 41,307 | 24,479,365 | (30,651,432) | (272) | (6,131,032) | ||||||||||
Balance (in shares) at Dec. 31, 2018 | 40,954,115 | ||||||||||||||
Balance at Dec. 31, 2018 | $ 40,954 | 24,283,509 | (29,420,616) | (5,096,153) | |||||||||||
Net loss | $ (3,851,316) | ||||||||||||||
Common stock issued for services (in shares) | 70,000 | ||||||||||||||
Common stock issued for services | $ 124,950 | ||||||||||||||
Common stock issued upon cashless exercise of warrants ($0.001/share) (in shares) | 306,195 | ||||||||||||||
Common stock issued upon cashless exercise of warrants ($0.001/share) | $ 306 | $ 0 | |||||||||||||
Cancellation and return of shares from former related party ($0.001/share) | (2,000) | ||||||||||||||
Balance (in shares) at Jun. 30, 2019 | 39,332,310 | ||||||||||||||
Balance at Jun. 30, 2019 | $ 39,332 | 32,586,150 | (33,271,377) | (555) | (646,450) | ||||||||||
Balance (in shares) at Mar. 31, 2019 | 41,307,310 | ||||||||||||||
Balance at Mar. 31, 2019 | $ 41,307 | 24,479,365 | (30,651,432) | (272) | (6,131,032) | ||||||||||
Warrants issued | $ 26,161 | $ 26,161 | |||||||||||||
Stock options issued for services | 9,617 | 9,617 | |||||||||||||
Net loss | (2,619,945) | (2,620,228) | |||||||||||||
Common stock issued for services (in shares) | 25,000 | ||||||||||||||
Common stock issued for services | $ 25 | 44,975 | 45,000 | ||||||||||||
Non-controlling interest | (283) | (283) | |||||||||||||
Cancellation and return of shares from former related party ($0.001/share) (in shares) | (2,000,000) | ||||||||||||||
Cancellation and return of shares from former related party ($0.001/share) | $ (2,000) | 2,000 | |||||||||||||
Warrants issued and benefical conversion feature - debt discount - Series A, 10%, and Series B, 12%, convertible notes | 8,024,032 | 8,024,032 | |||||||||||||
Balance (in shares) at Jun. 30, 2019 | 39,332,310 | ||||||||||||||
Balance at Jun. 30, 2019 | $ 39,332 | $ 32,586,150 | $ (33,271,377) | $ (555) | $ (646,450) |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) (Parentheticals) - USD ($) | 3 Months Ended | ||
Jun. 30, 2018 | Mar. 31, 2018 | Mar. 31, 2019 | |
Common Stock Issued for Cash [Member] | |||
Common stock, issued for cash, offering costs | $ 1,680 | ||
Common stock, issued, price per share (in dollars per share) | $ 3 | $ 2.97 | |
Common Stock Issued for Services [Member] | |||
Common stock, issued, price per share (in dollars per share) | $ 1.78 | ||
Common Stock Issued Upon Cashless Exercise of Warrants [Member] | |||
Common stock, issued, price per share (in dollars per share) | 0.001 | ||
Common Stock Issued for Loan Costs [Member] | |||
Common stock, issued, price per share (in dollars per share) | 1.80 | ||
Common stock, issued for cash, offering costs | $ 24,000 | ||
Common stock, issued, price per share (in dollars per share) | $ 1.80 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Operating activities | |||||||
Net loss - including non-controlling interest | $ (2,620,228) | $ (1,230,816) | $ (1,274,385) | $ (1,576,677) | $ (3,851,316) | $ (2,851,062) | |
Adjustments to reconcile net loss to net cash used in operations | |||||||
Bad debt | 2,712 | 4,060 | |||||
Depreciation and amortization | 12,117 | 13,168 | |||||
Common stock issued for services | 124,950 | ||||||
Common stock issued for loan costs | 3,608 | ||||||
Warrants issued for services | 138,812 | 223,119 | |||||
Stock options issued for services | 9,617 | 146,277 | |||||
Non-cash penalty on convertible note payable | 10,000 | ||||||
Loss on disposal of asset | 343 | ||||||
Amortization of debt discount and loss on debt extinguishment | 1,534,203 | 72,962 | |||||
Change in fair value of derivative liability | (15,000) | 13,000 | |||||
Advance on future royalties - related parties reserve | 129,580 | ||||||
Impairment of inventory | 4,003 | 0 | 10,286 | 0 | |||
Impairment expense | 203,208 | ||||||
Changes in operating assets and liabilities | |||||||
Accounts receivable | (4,645) | (26,592) | |||||
Prepaid and other | 49,786 | 106,733 | |||||
Inventory | (153,965) | 3,887 | |||||
Deposits | (200) | ||||||
Accounts payable and accrued expenses | 112,019 | 118,846 | |||||
Accounts payable and accrued expenses - related party | 4,716 | ||||||
Accrued interest | 15,679 | 27,187 | |||||
Accrued interest - related party | 40,283 | 5,000 | |||||
Advance on future royalties - related parties | (13,347) | ||||||
Deferred revenue | (43,200) | ||||||
Deferred compensation - related party | (12,500) | ||||||
Net cash used in operating activities | (1,988,554) | (1,832,115) | |||||
Financing activities | |||||||
Proceeds from convertible note payable | 94,500 | ||||||
Proceeds from notes payable | 50,000 | 200,000 | |||||
Repayments of notes payable | (50,000) | ||||||
Proceeds from notes payable - related party | 789,000 | 2,200,000 | |||||
Repayments of notes payable - related party | (300,000) | ||||||
Payments of debt offering costs - related parties | (99,645) | (66,000) | |||||
Proceeds from sale of common stock | 911,154 | ||||||
Payments of offering costs | (25,680) | ||||||
Net cash provided by financing activities | 3,727,825 | 2,811,819 | |||||
Net increase in cash and cash equivalents | 1,739,271 | 979,704 | |||||
Cash and cash equivalents - beginning of period | $ 43,683 | $ 13,862 | 43,683 | 13,862 | $ 13,862 | ||
Cash and cash equivalents - end of period | 1,782,954 | $ 993,566 | 1,782,954 | 993,566 | 43,683 | ||
Supplemental disclosure of cash flow information | |||||||
Cash paid for interest | 16,043 | 133,502 | |||||
Cash paid for income tax | |||||||
Supplemental disclosure of non-cash investing and financing activities | |||||||
Fair value at commitment date | 89,000 | $ 125,000 | |||||
Cancellation and return of shares from former related party | 2,000 | ||||||
Common Stock Issued Upon Cashless Exercise of Warrants [Member] | |||||||
Supplemental disclosure of non-cash investing and financing activities | |||||||
Common stock issued upon cashless exercise of warrants | 306 | ||||||
Warrants Issued as Loan Costs (Debt Discount) [Member] | |||||||
Supplemental disclosure of non-cash investing and financing activities | |||||||
Warrants issued as loan costs (debt discount) - Series A, 10%, and Series B, 12%, convertible notes | 8,024,032 | 546,011 | |||||
Warrants Issued as Equity Direct Offering Costs [Member] | |||||||
Supplemental disclosure of non-cash investing and financing activities | |||||||
Warrants issued as loan costs (debt discount) - Series A, 10%, and Series B, 12%, convertible notes | 5,771 | ||||||
Third Party [Member] | Conversion of Debt into Series A, 10%, Convertible Notes [Member] | |||||||
Supplemental disclosure of non-cash investing and financing activities | |||||||
Conversion of debt into Series A, 10%, convertible notes | 850,000 | ||||||
Third Party [Member] | Conversion of Accrued Interest into Series A, 10%, Convertible Notes [Member] | |||||||
Supplemental disclosure of non-cash investing and financing activities | |||||||
Conversion of debt into Series A, 10%, convertible notes | 162,794 | ||||||
Third Party [Member] | Conversion of Series A, 10%, Convertible Notes and Accrued Interest into Series B, 12%, Convertible Notes [Member] | |||||||
Supplemental disclosure of non-cash investing and financing activities | |||||||
Conversion of Series A, 10%, convertible notes and accrued interest into Series B, 12%, convertible notes | 3,066,573 | ||||||
Related Party [Member] | Conversion of Debt into Series A, 10%, Convertible Notes [Member] | |||||||
Supplemental disclosure of non-cash investing and financing activities | |||||||
Conversion of debt into Series A, 10%, convertible notes | 4,889,001 | ||||||
Related Party [Member] | Conversion of Accrued Interest into Series A, 10%, Convertible Notes [Member] | |||||||
Supplemental disclosure of non-cash investing and financing activities | |||||||
Conversion of debt into Series A, 10%, convertible notes | 127,480 | ||||||
Related Party [Member] | Conversion of Prior Deferred Revenue into Series A, 10%, Convertible Notes [Member] | |||||||
Supplemental disclosure of non-cash investing and financing activities | |||||||
Conversion of debt into Series A, 10%, convertible notes | 206,800 | ||||||
Series B Secured Convertible Promissory Note [Member] | Third Party [Member] | |||||||
Financing activities | |||||||
Proceeds from convertible note payable | 762,500 | ||||||
Series B Secured Convertible Promissory Note [Member] | Related Party [Member] | |||||||
Financing activities | |||||||
Proceeds from convertible note payable | 2,299,927 | ||||||
Notes Payable for Insurance Financing Liability [Member] | |||||||
Financing activities | |||||||
Repayments of notes payable | $ (118,457) | $ (107,655) |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) | Jun. 30, 2019 | Jun. 30, 2018 |
Third Party [Member] | Conversion of Debt into Series A, 10%, Convertible Notes [Member] | ||
Convertible notes payable, interest rate | 10.00% | |
Series B Secured Convertible Promissory Note [Member] | ||
Convertible notes payable, interest rate | 12.00% | |
Series B Secured Convertible Promissory Note [Member] | Third Party [Member] | ||
Convertible notes payable, interest rate | 12.00% | |
Series B Secured Convertible Promissory Note [Member] | Related Party [Member] | ||
Convertible notes payable, interest rate | 12.00% |
Note 1 - Organization and Natur
Note 1 - Organization and Nature of Operations and Basis of Presentation | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1 Organization and Nature of Operations Zero Gravity Solutions, Inc. (the “Company”) is an agricultural biotechnology company focused on commercializing technology derived from and designed for spaceflight with significant applications on Earth. These technologies are focused on improving world agriculture by providing valuable solutions to challenges facing humanity including threats to world agriculture and the ability to feed the world's rapidly growing population. The Company owns proprietary technology for its initial commercial product, BAM-FX ® ® The Company operates through two 2014, 2018 2019. 98% Another subsidiary of the Company, Zero Gravity Life Sciences, Inc., a Florida corporation (“ZGLS”), was formed by the Company in 2014. The ongoing COVID- 19 March 2020, 19 19 19 During the first 2020, three 19 second 2020 not To date, the Company has experienced product shipment delays due to import restrictions imposed by countries in which the Company had customer purchase commitments. In addition, a severe prolonged economic downturn could result in a variety of risks to the business, including weakened demand for product and a decreased ability to raise additional capital when needed on acceptable terms, if at all. As the situation continues to evolve, the Company will continue to closely monitor market conditions and respond accordingly. Basis of Presentation Management acknowledges its responsibility for the preparation of the accompanying unaudited consolidated financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its consolidated financial position and the consolidated results of its operations for the periods presented. The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (the “U.S. GAAP”) for interim financial information and with the instructions to Article 8 03 X. Operating results for interim periods are not may not These unaudited consolidated financial statements should be read in conjunction with the summary of significant accounting policies and notes to the consolidated financial statements for the year ended December 31, 2018 10 October 17, 2019. Liquidity, Going Concern and Management's Plans These consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. As reflected in the accompanying unaudited consolidated financial statements, for the six June 30, 2019, • Net loss including non-controlling interest of $3,851,316; • Net cash used in operations was $1,988,554 Additionally, at June 30, 2019, • Accumulated deficit of $33,271,377, • Stockholders' deficit of $646,450; • Working capital of $832,645 The Company has cash on hand of $1,782,954 June 30, 2019. six Although the Company intends to raise additional capital, the Company expects to continue to incur significant losses from operations and have negative cash flows from operating activities for the near-term and these losses could be significant as product development, regulatory, contract research, and technical marketing personnel related expenses are incurred. The Company has incurred significant losses since its inception and has not no June 30, 2019, The Company has satisfied its obligations using cash from successful capital raising efforts through June 30, 2019, $3,995,927 six June 30, 2019; no twelve The Company has executed product distribution agreements with domestic and international commercial agricultural distributors and generated initial product orders. Additional technical and marketing efforts must be devoted to those distributors to ensure the product is properly utilized and validated by end users. To fund these capital needs, the Company has and continues to raise capital through a private placement offering in connection with its investment banker and through its internal efforts, as well as through issuances of debt. If the Company does not These factors create substantial doubt about the Company's ability to continue as a going concern within the twelve not Management's strategic plans include the following: • Continuing to advance commercialization of the Company's principal product, BAM-FX ® • Pursuing additional capital raising opportunities, • Continuing to explore and execute prospective partnering or distribution opportunities; and • Identifying unique market opportunities that represent potential positive short-term cash flow. |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 2 Summary of Significant Accounting Policies Principles of Consolidation and Non-Controlling Interest These consolidated financial statements have been prepared in accordance with U.S. GAAP and include the accounts of the Company and its wholly-owned and majority owned subsidiaries. All intercompany transactions and balances have been eliminated. The non-controlling interest in SASI is reported as Non-controlling interest in Total Stockholders' Deficit of our Consolidated Financial Statements. Business Segments and Concentrations The Company uses the “management approach” to identify its reportable segments. The management approach requires companies to report segment financial information consistent with information used by management for making operating decisions and assessing performance as the basis for identifying the Company's reportable segments. The Company manages its business as one one Customers in the United States accounted for 100% not Use of Estimates Preparing financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates, and those estimates may Significant estimates during the six June 30, 2019 Fair Value of Financial Instruments The Company accounts for financial instruments under Financial Accounting Standards Board (“FASB”) ASC 820, Fair Value Measurements 820 The Company uses a three The three • Level 1 • Level 2—Observable • Level 3—Unobservable no The determination of fair value and the assessment of a measurement's placement within the hierarchy requires judgment. Level 3 3 may may Although the Company believes that the recorded fair value of our financial instruments is appropriate, these fair values may not 4 3 The Company's financial instruments, including cash, net accounts receivable, accounts payable and accrued expenses, are carried at historical cost. At June 30, 2019 December 31, 2018, ASC 825 10 “Financial Instruments” may not Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company considers all highly liquid instruments with a maturity of three June 30, 2019 December 31, 2018, $250,085 $0, Accounts Receivable Credit is extended to customers based on an evaluation of their financial condition and other factors. The Company does not not Allowance for doubtful accounts was $2,370 $0 June 30, 2019 December 31, 2018, At June 30, 2019, two 28.5% 17.5% 11%, December 31, 2018, two 100% 78.1% 21.9%, Inventory Inventory is valued on a lower of first first Inventory consisted of: Classification June 30, 2019 December 31, 2018 Raw materials $ 46,885 $ 17,610 Finished products 199,936 85,532 Total Inventory $ 246,821 $ 103,142 Of the total inventory balance, the Company had $26,326 19 not no three six June 30, 2019, $4,003 $10,286, no three six June 30, 2018. Property and Equipment Property and equipment is stated at cost less accumulated depreciation. Depreciation is provided on the straight-line basis over the estimated useful lives of the assets ranging from three ten Expenditures for repair and maintenance which do not Management reviews the carrying value of its property and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset may not Impairment of Long-lived Assets Management evaluates the recoverability of the Company's identifiable intangible assets and other long-lived assets when events or circumstances indicate a potential impairment exists, in accordance with the provisions of ASC 360 10 35 15 may not not If impairment is indicated based on a comparison of the assets' carrying values and the undiscounted cash flows, the impairment to be recognized is measured as the amount by which the carrying amount of the assets exceeds the fair value of the assets. Accounting for Derivatives The Company evaluates its convertible instruments, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under ASC Topic 815, Upon conversion of a note where the embedded conversion option has been bifurcated and accounted for as a derivative liability, the Company records the shares at fair value, relieves all related notes, derivatives, and debt discounts, and recognizes a net gain or loss on extinguishment. Equity instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815 The company has adopted FASB ASU 2017 11, two not Convertible Notes with Fixed Rate Conversion Options The Company may may may Beneficial Conversion Features For instruments that are not 480 815, 470 20 470 20 Debt Issue Cost Debt issuance cost paid to lenders, or third Revenue Recognition and Concentrations Effective January 1, 2018, 606, no 606. Pursuant to ASC 606, five 1 2 3 4 5 We apply judgment in determining the customer's ability and intention to pay, which is based on a variety of factors including the customer's historical payment experience or, in the case of a new customer, published credit or financial information pertaining to the customer. If a contract includes multiple promised goods or services, we apply judgment to determine whether the promised goods or services are capable of being distinct and are distinct within the context of the contract. If these criteria are not Revenue for agricultural biotechnology products is recognized when title to the product is transferred which may Amounts billed to customers for shipping and handling fees are included in net sales, and costs incurred by the company for the delivery of invoiced goods are classified as cost of goods sold in our Statements of Operations. Determination of the reserve for estimated product returns and allowances is based on management's analyses and judgments regarding certain conditions. Should future changes in conditions prove management's conclusions and judgments on previous analyses to be incorrect, revenue recognized for any reporting period could be materially affected. The Company determined that no three six June 30, 2019 2018. During the three six June 30, 2019, one 0% 87% three six June 30, 2018, one 68% Cost of Sales Cost of sales represents costs directly related to the production, manufacturing and freight-in of the Company's product inventory purchased from third Research and Development Research and development costs are charged to expense as incurred. For the three six June 30, 2019, $63,891 $64,962 For the three six June 30, 2018, $16,710 $101,451 Warranty Expense The Company's distribution agreements provide for a warranty on products sold. Sales under such distribution agreements have been nominal during the three six 2019 2018, A provision for estimated future warranty costs is to be recorded as a component or cost of sales when products are shipped, and warranty costs are to be based on historical trends in warranty charges as a percentage of gross product shipments. A resulting accrual is to be reviewed regularly, and periodically adjusted to reflect changes in warranty cost estimates. There has been no three six June 30, 2019 2018, Income Taxes The Company accounts for income tax using the asset and liability method prescribed by ASC 740, “Income Taxes”. not not The Company follows the accounting guidance for uncertainty in income taxes using the provisions of ASC 740 not June 30, 2019, December 31, 2018, no No three six June 30, 2019 2018. Advertising Costs Advertising costs are expensed as incurred. Advertising costs are included as a component of general and administrative expense in the consolidated statements of operations. The Company recognized $8,794 $0 three June 30, 2019 2018, $44,904 $1,897 six June 30, 2019 2018, Accounting for Leases In March 2016, No. 2016 02, Leases No. 2016 02 No. 2016 02 not 12 not December 15, 2018. January 1, 2019 not The Company leases its office, building and laboratory space under separate short term leases (month-to-month) with no no The Company incurred rent expense of $117,432 $106,900 six June 30, 2019 2018, Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for an award of equity instruments in the consolidated financial statements which is measured based on the grant date fair value of the award. Stock based compensation expense is recognized over the period during which an employee is required to provide service in exchange for the award (generally the vesting period). The Company estimates the fair value of each stock award at the grant date by using the Black-Scholes option pricing model using the simplified method to determine the term. Costs equal to these fair values are recognized ratably over the requisite service period based on the number of awards that are expected to vest, or in the period of grant for awards that vest immediately and have no three six June 30, 2019 2018. The Company also grants share-based compensation awards to non-employees for service provided to the Company. The Company measures and recognizes the fair value of such transactions based on the fair value of consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. In June 2018, No. 2018 07, 718 No 2018 07 718 718 December 15, 2018, no 606. January 1, 2019. not Basic and Diluted Earnings (Loss) per Share Pursuant to ASC 260 10 45, Potentially dilutive common shares consist of common stock issuable for stock options and warrants (using the treasury stock method), convertible notes and common stock issuable. The following potentially dilutive equity securities outstanding as of June 30, 2019 2018 not June 30, 2019 June 30, 2018 Convertible notes payable (exercise price $0.59 - $2/share) 8,124,861 1,487,291 Warrants (exercisable - $0.50 - $6/share) 19,603,785 12,145,665 Stock options (vested - $1.25 - $3/share) 1,685,000 1,880,000 Total common stock equivalents 29,413,646 15,512,956 Two of the convertible notes payable contain exercise prices that have a discount to market equal to 65% 4 Investments We have an equity investment in a privately held entity. We account for investments either under the equity method or cost method of accounting depending on our ownership interest and the level of our influence in each joint venture. Investments accounted for under the equity method are recorded based upon the amount of our investment and adjusted each period for our share of the investee's income or loss. Cost method investments are recorded at cost less any impairments. All investments are reviewed for changes in circumstance or the occurrence of events that suggest an other than temporary event where our investment may not zero June 30, 2019 December 31, 2018 ( 5 Recent Accounting Standards Changes to accounting principles are established by the FASB in the form of ASU's to the FASB's Codification. We consider the applicability and impact of all ASU's on our consolidated financial position, results of operations, stockholders' deficit, cash flows, or presentation thereof. Management has considered all recent accounting pronouncements and believes that these recent pronouncements will not |
Note 3 - Property and Equipment
Note 3 - Property and Equipment | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | Note 3 Property and equipment consisted of the following: Estimated Useful June 30, 2019 December 31, 2018 Lives (Years) Furniture and equipment $ 151,796 $ 151,796 3 - 10 Leasehold improvements 7,593 7,593 10 159,389 159,389 Accumulated depreciation (85,983 ) (73,866 ) Total propery and equipment - net $ 73,406 $ 85,523 Depreciation expense for the three June 30, 2019 2018 $5,786 $6,190, Depreciation expense for the six June 30, 2019 2018 $12,117 $12,425, Depreciation expense is recorded as a component of general and administrative expenses in the accompanying consolidated statements of operations. ; |
Note 4 - Debt
Note 4 - Debt | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 4 The Company has various debt arrangements with third June 30, 2019 December 31, 2018, A. Series A and B Convertible Notes Payable, Convertible Notes Payable – Related Parties and Warrants Series A and B Debt In May 2019, 10% not $6,029,275. $650,000. fifty 50% 12% In connection with the Series B round, the Company recognized gross proceeds of $3,062,427. $99,645 $2,962,782. Series A and B Warrants In connection with the Series A and B rounds, debt holders also received fully vested, non-forfeitable warrants. The Company issued a total of 9,499,600 6 3,045,600 6,454,000 2,548,200 5,421,400 Under Series A and B, the warrants are exercisable for three 3 $1/share April 1, 2020, $0.50 April 1, 2020. No April 1, 2020, All relative fair values for warrants issued in connection with Series A and B are treated as a debt discount, computed based on a Black-Scholes option pricing model. The inputs used to compute the fair value of the warrants of which the relative fair values are based were as follows: Exercise price $ 1 Expected term (in years) 3 Expected volatility 103 % Expected dividends 0 % Risk free interest rate 2.3 % Series A Debt Summary: Series A, 10% Series A, 10% Convertible Notes Convertible Notes Terms Related Parties Third Parties Issuance dates of notes May 2019 May 2019 Term (in years) 3 3 Maturity dates May 2022 May 2022 Interest rate 10% 10% Collateral (Series A is subordinated to Series B) All assets All assets Conversion price $2 $2 Prepayment penalty (P&I) None None Note Date May 2019 May 2019 Total Principal $ 2,548,200 $ 621,300 $ 3,169,500 Quantity of warrants 2,548,200 497,400 3,045,600 Warrants/Fees - debt discount (Black-Scholes) $ 1,510,487 $ 298,561 $ 1,809,048 Balance - December 31, 2018 $ - $ - $ - Conversion from prior debt into Series A 4,889,001 850,000 5,739,001 Conversion of accrued interest into Series A 127,480 162,794 290,274 Conversion of deferred revenue into Series A 206,800 - 206,800 Conversion from Series A into Series B (2,675,079 ) (391,494 ) (3,066,573 ) Warrant debt discount recorded for new notes (1,510,487 ) (298,561 ) (1,809,048 ) Amortization of debt discount 78,869 16,373 95,242 Balance - June 30, 2019 $ 1,116,584 $ 339,112 $ 1,455,696 Series B Debt Summary: Series B, 12% Series B, 12% Convertible Notes Convertible Notes Terms Related Parties Third Parties Issuance dates of notes May 2019 May 2019 Term (in years) 3 3 Maturity dates May 2022 May 2022 Interest rate 12% 12% Collateral (Series A is subordinated to Series B) All assets All assets Conversion price $1 $1 Prepayment penalty (P&I) None None Note Date May 2019 May 2019 Total Principal $ 5,096,400 $ 1,032,600 $ 6,129,000 Quantity of warrants 5,421,400 1,032,600 6,454,000 Warrants/Fees - debt discount (Black-Scholes) $ 3,184,793 $ 645,289 $ 3,830,082 Balance - December 31, 2018 $ - $ - $ - Proceeds 2,299,927 762,500 3,062,427 Conversion from Series A into Series B 2,796,473 270,100 3,066,573 Warrant and BCF debt discount recorded for new notes (5,096,400 ) (1,032,600 ) (6,129,000 ) Amortization of debt discount 266,104 56,013 322,117 Balance - June 30, 2019 $ 266,104 $ 56,013 $ 322,117 B. Notes Payable Terms Note Payable Note Payable Note Payable Issuance dates of notes December 2017 January 2018 March 2019 Term (in years) 2 2 None Maturity dates December 2019 January 2020 Due on Demand Interest rate 10% 10 None Collateral Unsecured Unsecured Unsecured Note Date December 2017 January 2018 March 2019 Total Principal $ 200,000 $ 100,000 $ 100,000 $ 400,000 Quantity of warrants 50,000 10,000 - 60,000 Warrants/Fees - debt discount (Black-Scholes) $ 18,652 $ 7,124 $ - $ 25,776 Balance - December 31, 2017 $ 181,348 $ - $ - $ 181,348 Proceeds - 100,000 - 100,000 Debt discount recorded for new notes - (7,124 ) - (7,124 ) Amortization of debt discount 9,760 3,387 - 13,147 Balance - December 31, 2018 191,108 96,263 - 287,371 Proceeds - - 50,000 50,000 Repayments - - (50,000 ) (50,000 ) Amortization of debt discount 8,892 3,737 - 12,629 Conversion to Series A, 10%, convertible notes payable (200,000 ) (100,000 ) - (300,000 ) Balance - June 30, 2019 $ - $ - $ - $ - C. Notes Payable – Related Parties Notes Payable Notes Payable Notes Payable Terms Related Parties Related Parties Related Parties Issuance dates notes August 2017 - October 2017 January 2018 - May 2018 April 2019 Term (in years) 2 2 None Maturity dates July 2020 March 2018 - May 2020 Due on Demand Interest rate 10% % 10% None Collateral Unsecured Unsecured Unsecured Note Date August 2017 - October 2017 January 2018 - May 2018 April 2019 Total Principal $ 1,100,000 $ 1,300,001 $ 789,000 $ 3,189,001 Quantity of warrants 110,000 75,000 325,000 510,000 Warrants/Fees - debt discount (Black-Scholes) $ 112,830 $ 125,433 $ 185,629 $ 423,892 Balance - December 31, 2017 $ 1,002,204 $ - $ - $ 1,002,204 Proceeds - 1,300,001 - 1,300,001 Debt discount recorded for new notes - (125,433 ) - (125,433 ) Amortization of debt discount 56,417 69,053 - 125,470 Repayments (300,000 ) - (300,000 ) Balance - December 31, 2018 1,058,621 943,621 - 2,002,242 Proceeds - - 789,000 789,000 Warrant debt discount recorded for new notes - - (185,629 ) (185,629 ) Amortization of debt discount 40,593 56,380 185,629 282,602 Conversion to Series A, 10%, convertible notes payable (1,000,000 ) (1,000,001 ) (789,000 ) (2,789,001 ) Balance - June 30, 2019 $ 99,214 * $ - $ - $ 99,214 * Amount was repaid in August 2019. D. Convertible Notes Payable and Derivative Liability Convertible Convertible Note Convertible Note Terms Notes (Derivative Liability) (Derivative Liability) Issuance dates of notes July 2018 December 2018 January 2019 Term 2 years 9 months 8 months Maturity dates July 2020 September 2019 September 2019 Interest rate 10% 8% 8% Collateral Unsecured Unsecured Unsecured Conversion price $3 Lower of $3 or 65% of market price Lower of $3 or 65% of market price Note Date July 2018 December 2018 January 2019 Total Principal $ 550,000 $ 136,000 $ 104,500 $ 790,500 Quantity of warrants 550,000 100,000 100,000 750,000 Warrants/Fees - debt discount (Black-Scholes) $ 244,549 $ 136,000 $ 94,500 $ 475,049 Balance - December 31, 2017 $ - $ - $ - $ - Proceeds 550,000 136,000 - 686,000 Debt discount recorded for new notes (244,549 ) (136,000 ) - (380,549 ) Amortization of debt discount 51,343 8,947 - 60,290 Balance - December 31, 2018 356,794 8,947 - 365,741 Proceeds - - 94,500 94,500 Debt discount recorded for new notes - - (94,500 ) (94,500 ) Amortization of debt discount 193,206 85,856 56,700 335,762 Conversion to Series A, 10%, convertible notes payable (550,000 ) - - (550,000 ) Balance - June 30, 2019 $ - $ 94,803 * $ 56,700 ** $ 151,503 Penalty classified as additional interest expense $ - $ - $ 10,000 $ 10,000 * Amount was repaid in September 2019. ** Amount was repaid in October 2019. Derivative Liability The above convertible notes for December 2018 January 2019 The Company used the Monte Carlo simulation to estimate the fair value of its embedded conversion option liabilities with the following inputs: Commitment Date Remeasurement Date Remeasurement Date Convertible Note Date December 11, 2018 December 31, 2018 June 30, 2019 Maturity date August 11, 2019 August 11, 2019 August 11, 2019 Expected term (years) 0.67 0.61 0.12 Expected volatility 117 % 149 % 138 % Expected dividends 0 % 0 % 0 % Risk free interest rate 2.56 % 2.63 % 2.18 % Fair value $ 125,000 $ 114,000 $ 126,000 Commitment Date Remeasurement Date Convertible Note Date January 14, 2019 June 30, 2019 Maturity date October 14, 2019 October 14, 2019 Expected term (years) 0.75 0.29 Expected volatility 130 % 150 % Expected dividends 0 % 0 % Risk free interest rate 2.55 % 2.12 % Fair value $ 89,000 $ 90,000 The following is a summary of the Company's derivative liabilities for the six June 30, 2019 December 31, 2018: Convertible Note Date December 11, 2018 January 14, 2019 Total Derivative liability - December 31, 2017 $ - $ - $ - Fair value at commitment date 125,000 - 125,000 Fair value mark to market adjustment (11,000 ) - (11,000 ) Derivative liability - December 31, 2018 114,000 - 114,000 Fair value at commitment date - 89,000 89,000 Fair value mark to market adjustment 12,000 1,000 13,000 Derivative liability - June 30, 2019 $ 126,000 $ 90,000 $ 216,000 June 30, 2019 December 31, 2018: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs June 30, 2019 (Level 1) (Level 2) (Level 3) Derivative liabilities $ 216,000 $ - $ - $ 216,000 Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs December 31, 2018 (Level 1) (Level 2) (Level 3) Derivative liabilities $ 114,000 $ - $ - $ 114,000 A reconciliation of the beginning and ending balances for the derivative liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3 six June 30, 2019 December 31, 2018. Changes in fair value of derivative liabilities are included in other income (expense) in the accompanying Consolidated Statements of Operations. E. Convertible Notes Payable – Related Parties Convertible Convertible Note Payable Notes Payable Terms Related Party Related Parties Issuance dates of notes July 2015 June 2018 - December 2018 Term (in years) 2 2 Maturity dates July 2019 June 2020 - December 2020 Interest rate 8.5% 10% - 12% Collateral Unsecured Unsecured Conversion price $1.25 $3 Note Date July 2015 June 2018 - December 2018 Total Principal $ 500,000 $ 1,600,000 $ 2,100,000 Quantity of warrants 350,000 1,500,000 1,850,000 Warrants/Fees - debt discount (Black-Scholes) $ 227,258 $ 666,638 $ 893,896 Balance - December 31, 2017 $ 500,000 $ - $ 500,000 Proceeds - 1,600,000 1,600,000 Debt discount recorded for new notes - (666,638 ) (666,638 ) Amortization of debt discount - 165,287 165,287 Balance - December 31, 2018 500,000 1,098,649 1,598,649 Amortization of debt discount - 501,351 501,351 Conversion to Series A, 10%, convertible notes payable (500,000 ) (1,600,000 ) (2,100,000 ) Balance - June 30, 2019 $ - $ - $ - F. Insurance Financing Liability The Company has an outstanding note payable for financing corporate insurance premiums. The note carries a rate of interest of 8.75% November 2019. eleven $21,254. June 30, 2019 December 31, 2018 $105,025 $223,482, |
Note 5 - Commitments and Contin
Note 5 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | Note 5 License and Business Development Agreement On February 20, 2018, February 13, 2018 ( twenty 20% $500,000 no $500,000 pro rata The Agreement provides Agro Space with the exclusive right to import, package, sell, and distribute BAM's product lines and promote its brand, as well as other “white label” brands, as they are introduced, in the Mexican markets, and a limited manufacturing right to modify the presentation of BAM's products and dilute such products, all during the term of the Agreement. BAM will retain the right to all of its intellectual property, including any materials produced in connection with the Agreement and BAM's products, and Agro Space will have a royalty-free right to reproduce, translate, summarize, or otherwise use such materials for the sole purpose of performing pursuant to the Agreement. The exclusivity of the rights licensed to Agro Space are conditioned upon (i) Agro Space meeting specified revenue targets beginning on the third tenth five 5 In addition to BAM receiving an ownership interest in Agro Space, the Company received $100,000 2016 $3.00 $900,000, Research Commitment In January 2016, $373,750 2016, first five three six June 30, 2019 2018, no |
Note 6 - Stockholders' Deficit
Note 6 - Stockholders' Deficit | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Shareholders' Equity and Share-based Payments [Text Block] | NOTE 6 Equity Transactions for the Six Months Ended June 30, 2019 Stock Issued for Services The Company issued 70,000 $124,950 $1.78 $1.80/share six June 30, 2019. Stock Issued Upon Cashless Exercise of Warrants The Company issued 306,195 475,500 $306 $0.001/share $0. Stock Issued for Loan Costs In March 2019, $50,000. April 2019. 2,000 $3,608 $1.80/share Cancellation and Return of Shares from Former Related Party In April 2019, no 2,000,000 $2,000 $0.001/share $0. Warrants Issued for Services The Company granted warrants to purchase 105,000 $138,812, six June 30, 2019. Exercise price $3/share Expected term (in years) 3 - 5 Expected volatility 102% - 103% Expected dividends 0% Risk free interest rate 1.76% - 2.49% Warrant activity for the Six Months Ended June 30, 2019 December 31, 2018 Weighted Average Weighted Remaining Aggregate Number of Average Contractual Intrinsic Warrants Warrants Exercise Price Term (Years) Value Outstanding and exercisable - December 31, 2017 10,738,595 $ 1.86 2.81 $ 23,947,175 Granted 2,732,490 1.46 Exercised (718,400 ) 0.50 Cancelled/Forfeited - - Outstanding and exercisable - December 31, 2018 12,752,685 $ 1.85 2.02 $ 4,613,125 Outstanding and exercisable - December 31, 2018 12,752,685 $ 1.85 2.02 $ 4,613,125 Granted 9,704,600 1.03 Exercised (475,500 ) 0.50 Cancelled/Forfeited (2,378,000 ) 1.16 Outstanding and exercisable - June 30, 2019 19,603,785 $ 1.56 2.34 $ 686,800 Of the total 9,704,600 six June 30, 2019; 9,499,600 4 205,000 100,000 4 105,000 Stock Options Issued for Services During November 2015, 2015 4,000,000 In May 2019, 100,000 one 1 $84,244, Exercise price $3/share Expected term (in years) 5 Expected volatility 103 % Expected dividends 0 % Risk free interest rate 1.93 % The Company recognized compensation expense of $7,020 2019 $2,597 $9,617 2019. Stock option transactions under the Company's plans as of June 30, 2019 December 31, 2018 Weighted Weighted Average Average Weighted Remaining Aggregate Grant Number of Average Contractual Intrinsic Date Stock Options Options Exercise Price Term (Years) Value Fair Value Outstanding - December 31, 2017 3,165,000 $ 1.49 8.50 $ 192,850 $ - Exercisable - December 31, 2017 2,750,000 $ 1.27 8.20 $ 192,850 $ - Granted 50,000 $ 3.00 $ 0.77 Exercised - $ - Cancelled/Forfeited (1,630,000 ) $ - Outstanding - December 31, 2018 1,585,000 $ 1.70 7.63 $ 587,500 Vested and Exercisable - December 31, 2018 1,535,000 $ 1.66 7.58 $ 587,500 Unvested and non-exercisable - December 31, 2018 50,000 $ 3.00 9.23 $ - Outstanding - December 31, 2018 1,585,000 $ 1.70 7.63 $ 587,500 Vested and Exercisable - December 31, 2018 1,535,000 $ 1.66 7.58 $ 587,500 Unvested and non-exercisable - December 31, 2018 50,000 $ 3.00 9.23 $ - Granted 100,000 $ 3.00 $ 0.84 Exercised - $ - Cancelled/Forfeited - $ - Outstanding - June 30, 2019 1,685,000 $ 1.78 7.30 $ - $ - Vested and Exercisable - June 30, 2019 1,593,333 $ 1.71 7.15 $ - $ - Unvested and non-exercisable - June 30, 2019 91,667 $ 3.00 9.92 $ - $ - Compensation expense recorded for stock-based compensation for the Six Months Ended June 30, 2019 2018 2019 2018 $ 9,617 $ 146,277 As of June 30, 2019, not $ 77,224 Weighted average period in which compensation will vest (years) 0.84 (Expected to be recognized through May 2020) |
Note 7 - Subsequent Events
Note 7 - Subsequent Events | 6 Months Ended |
Jun. 30, 2019 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 7 Subsequent to June 30, 2019, 120,000 $3.00 Subsequent to June 30, 2019, 358,500 $1.50 $3.00 one five Subsequent to June 30, 2019, 10 190,000 40,000 $2.00 150,000 $1.50 Subsequent to June 30, 2019, 262,500 Subsequent to June 30, 2019, 263,000 146,248 Subsequent to June 30, 2019, $100,000 $230,500 During October 2019, $5,000,000 10%, December 31, 2019, ninety ten ( 10% first January 15, 2020 fifteenth 15th $2.00 2 $2.00 Commencing on the one 1 eleven 11 one may thirty 30 may 30 The Series C Notes are secured by all assets of the Company and its subsidiaries and are subordinate to the security interest granted to holders of the Series A Notes and Series B Notes previously issued by the Company. The Series C Notes are subject to certain covenants and other provisions customary for a transaction of this nature. The Company received $300,000 no During the first 2020, three second 2020, first 2020, $190,000 On May 12, 2020, $278,800. not 1% 360 two seventh Subsequent to June 30, 2019, 10% 12% three $1.00 $1,240,430 June – August 2020 $41,617. On August 5, 2020, $18,200 thirty 3.75% twelfth |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation and Non-Controlling Interest These consolidated financial statements have been prepared in accordance with U.S. GAAP and include the accounts of the Company and its wholly-owned and majority owned subsidiaries. All intercompany transactions and balances have been eliminated. The non-controlling interest in SASI is reported as Non-controlling interest in Total Stockholders' Deficit of our Consolidated Financial Statements. |
Segment Reporting, Policy [Policy Text Block] | Business Segments and Concentrations The Company uses the “management approach” to identify its reportable segments. The management approach requires companies to report segment financial information consistent with information used by management for making operating decisions and assessing performance as the basis for identifying the Company's reportable segments. The Company manages its business as one one Customers in the United States accounted for 100% not |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates Preparing financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates, and those estimates may Significant estimates during the six June 30, 2019 |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The Company accounts for financial instruments under Financial Accounting Standards Board (“FASB”) ASC 820, Fair Value Measurements 820 The Company uses a three The three • Level 1 • Level 2—Observable • Level 3—Unobservable no The determination of fair value and the assessment of a measurement's placement within the hierarchy requires judgment. Level 3 3 may may Although the Company believes that the recorded fair value of our financial instruments is appropriate, these fair values may not 4 3 The Company's financial instruments, including cash, net accounts receivable, accounts payable and accrued expenses, are carried at historical cost. At June 30, 2019 December 31, 2018, ASC 825 10 “Financial Instruments” may not |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company considers all highly liquid instruments with a maturity of three June 30, 2019 December 31, 2018, $250,085 $0, |
Accounts Receivable [Policy Text Block] | Accounts Receivable Credit is extended to customers based on an evaluation of their financial condition and other factors. The Company does not not Allowance for doubtful accounts was $2,370 $0 June 30, 2019 December 31, 2018, At June 30, 2019, two 28.5% 17.5% 11%, December 31, 2018, two 100% 78.1% 21.9%, |
Inventory, Policy [Policy Text Block] | Inventory Inventory is valued on a lower of first first Inventory consisted of: Classification June 30, 2019 December 31, 2018 Raw materials $ 46,885 $ 17,610 Finished products 199,936 85,532 Total Inventory $ 246,821 $ 103,142 Of the total inventory balance, the Company had $26,326 19 not no three six June 30, 2019, $4,003 $10,286, no three six June 30, 2018. |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment is stated at cost less accumulated depreciation. Depreciation is provided on the straight-line basis over the estimated useful lives of the assets ranging from three ten Expenditures for repair and maintenance which do not Management reviews the carrying value of its property and equipment whenever events or changes in circumstances indicate that the carrying amount of the asset may not |
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block] | Impairment of Long-lived Assets Management evaluates the recoverability of the Company's identifiable intangible assets and other long-lived assets when events or circumstances indicate a potential impairment exists, in accordance with the provisions of ASC 360 10 35 15 may not not If impairment is indicated based on a comparison of the assets' carrying values and the undiscounted cash flows, the impairment to be recognized is measured as the amount by which the carrying amount of the assets exceeds the fair value of the assets. |
Derivatives, Policy [Policy Text Block] | Accounting for Derivatives The Company evaluates its convertible instruments, options, warrants or other contracts to determine if those contracts or embedded components of those contracts qualify as derivatives to be separately accounted for under ASC Topic 815, Upon conversion of a note where the embedded conversion option has been bifurcated and accounted for as a derivative liability, the Company records the shares at fair value, relieves all related notes, derivatives, and debt discounts, and recognizes a net gain or loss on extinguishment. Equity instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815 The company has adopted FASB ASU 2017 11, two not |
Convertible Notes With Fixed Rate Conversion Options, Policy [Policy Text Block] | Convertible Notes with Fixed Rate Conversion Options The Company may may may |
Beneficial Conversion Features [Policy Text Block] | Beneficial Conversion Features For instruments that are not 480 815, 470 20 470 20 |
Debt Issuance Cost [Policy Text Block] | Debt Issue Cost Debt issuance cost paid to lenders, or third |
Revenue Recognition and Accounts Receivable [Policy Text Block] | Revenue Recognition and Concentrations Effective January 1, 2018, 606, no 606. Pursuant to ASC 606, five 1 2 3 4 5 We apply judgment in determining the customer's ability and intention to pay, which is based on a variety of factors including the customer's historical payment experience or, in the case of a new customer, published credit or financial information pertaining to the customer. If a contract includes multiple promised goods or services, we apply judgment to determine whether the promised goods or services are capable of being distinct and are distinct within the context of the contract. If these criteria are not Revenue for agricultural biotechnology products is recognized when title to the product is transferred which may Amounts billed to customers for shipping and handling fees are included in net sales, and costs incurred by the company for the delivery of invoiced goods are classified as cost of goods sold in our Statements of Operations. Determination of the reserve for estimated product returns and allowances is based on management's analyses and judgments regarding certain conditions. Should future changes in conditions prove management's conclusions and judgments on previous analyses to be incorrect, revenue recognized for any reporting period could be materially affected. The Company determined that no three six June 30, 2019 2018. During the three six June 30, 2019, one 0% 87% three six June 30, 2018, one 68% |
Cost of Goods and Service [Policy Text Block] | Cost of Sales Cost of sales represents costs directly related to the production, manufacturing and freight-in of the Company's product inventory purchased from third |
Research and Development Expense, Policy [Policy Text Block] | Research and Development Research and development costs are charged to expense as incurred. For the three six June 30, 2019, $63,891 $64,962 For the three six June 30, 2018, $16,710 $101,451 |
Standard Product Warranty, Policy [Policy Text Block] | Warranty Expense The Company's distribution agreements provide for a warranty on products sold. Sales under such distribution agreements have been nominal during the three six 2019 2018, A provision for estimated future warranty costs is to be recorded as a component or cost of sales when products are shipped, and warranty costs are to be based on historical trends in warranty charges as a percentage of gross product shipments. A resulting accrual is to be reviewed regularly, and periodically adjusted to reflect changes in warranty cost estimates. There has been no three six June 30, 2019 2018, |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company accounts for income tax using the asset and liability method prescribed by ASC 740, “Income Taxes”. not not The Company follows the accounting guidance for uncertainty in income taxes using the provisions of ASC 740 not June 30, 2019, December 31, 2018, no No three six June 30, 2019 2018. |
Advertising Cost [Policy Text Block] | Advertising Costs Advertising costs are expensed as incurred. Advertising costs are included as a component of general and administrative expense in the consolidated statements of operations. The Company recognized $8,794 $0 three June 30, 2019 2018, $44,904 $1,897 six June 30, 2019 2018, |
Lessee, Leases [Policy Text Block] | Accounting for Leases In March 2016, No. 2016 02, Leases No. 2016 02 No. 2016 02 not 12 not December 15, 2018. January 1, 2019 not The Company leases its office, building and laboratory space under separate short term leases (month-to-month) with no no The Company incurred rent expense of $117,432 $106,900 six June 30, 2019 2018, |
Share-based Payment Arrangement [Policy Text Block] | Stock-Based Compensation The Company recognizes the cost of employee services received in exchange for an award of equity instruments in the consolidated financial statements which is measured based on the grant date fair value of the award. Stock based compensation expense is recognized over the period during which an employee is required to provide service in exchange for the award (generally the vesting period). The Company estimates the fair value of each stock award at the grant date by using the Black-Scholes option pricing model using the simplified method to determine the term. Costs equal to these fair values are recognized ratably over the requisite service period based on the number of awards that are expected to vest, or in the period of grant for awards that vest immediately and have no three six June 30, 2019 2018. The Company also grants share-based compensation awards to non-employees for service provided to the Company. The Company measures and recognizes the fair value of such transactions based on the fair value of consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. In June 2018, No. 2018 07, 718 No 2018 07 718 718 December 15, 2018, no 606. January 1, 2019. not |
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Earnings (Loss) per Share Pursuant to ASC 260 10 45, Potentially dilutive common shares consist of common stock issuable for stock options and warrants (using the treasury stock method), convertible notes and common stock issuable. The following potentially dilutive equity securities outstanding as of June 30, 2019 2018 not June 30, 2019 June 30, 2018 Convertible notes payable (exercise price $0.59 - $2/share) 8,124,861 1,487,291 Warrants (exercisable - $0.50 - $6/share) 19,603,785 12,145,665 Stock options (vested - $1.25 - $3/share) 1,685,000 1,880,000 Total common stock equivalents 29,413,646 15,512,956 Two of the convertible notes payable contain exercise prices that have a discount to market equal to 65% 4 |
Investment, Policy [Policy Text Block] | Investments We have an equity investment in a privately held entity. We account for investments either under the equity method or cost method of accounting depending on our ownership interest and the level of our influence in each joint venture. Investments accounted for under the equity method are recorded based upon the amount of our investment and adjusted each period for our share of the investee's income or loss. Cost method investments are recorded at cost less any impairments. All investments are reviewed for changes in circumstance or the occurrence of events that suggest an other than temporary event where our investment may not zero June 30, 2019 December 31, 2018 ( 5 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Standards Changes to accounting principles are established by the FASB in the form of ASU's to the FASB's Codification. We consider the applicability and impact of all ASU's on our consolidated financial position, results of operations, stockholders' deficit, cash flows, or presentation thereof. Management has considered all recent accounting pronouncements and believes that these recent pronouncements will not |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | Classification June 30, 2019 December 31, 2018 Raw materials $ 46,885 $ 17,610 Finished products 199,936 85,532 Total Inventory $ 246,821 $ 103,142 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block] | June 30, 2019 June 30, 2018 Convertible notes payable (exercise price $0.59 - $2/share) 8,124,861 1,487,291 Warrants (exercisable - $0.50 - $6/share) 19,603,785 12,145,665 Stock options (vested - $1.25 - $3/share) 1,685,000 1,880,000 Total common stock equivalents 29,413,646 15,512,956 |
Note 3 - Property and Equipme_2
Note 3 - Property and Equipment (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | Estimated Useful June 30, 2019 December 31, 2018 Lives (Years) Furniture and equipment $ 151,796 $ 151,796 3 - 10 Leasehold improvements 7,593 7,593 10 159,389 159,389 Accumulated depreciation (85,983 ) (73,866 ) Total propery and equipment - net $ 73,406 $ 85,523 |
Note 4 - Debt (Tables)
Note 4 - Debt (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Exercise price $ 1 Expected term (in years) 3 Expected volatility 103 % Expected dividends 0 % Risk free interest rate 2.3 % |
Schedule of Long-term Debt Instruments [Table Text Block] | Series A, 10% Series A, 10% Convertible Notes Convertible Notes Terms Related Parties Third Parties Issuance dates of notes May 2019 May 2019 Term (in years) 3 3 Maturity dates May 2022 May 2022 Interest rate 10% 10% Collateral (Series A is subordinated to Series B) All assets All assets Conversion price $2 $2 Prepayment penalty (P&I) None None Note Date May 2019 May 2019 Total Principal $ 2,548,200 $ 621,300 $ 3,169,500 Quantity of warrants 2,548,200 497,400 3,045,600 Warrants/Fees - debt discount (Black-Scholes) $ 1,510,487 $ 298,561 $ 1,809,048 Balance - December 31, 2018 $ - $ - $ - Conversion from prior debt into Series A 4,889,001 850,000 5,739,001 Conversion of accrued interest into Series A 127,480 162,794 290,274 Conversion of deferred revenue into Series A 206,800 - 206,800 Conversion from Series A into Series B (2,675,079 ) (391,494 ) (3,066,573 ) Warrant debt discount recorded for new notes (1,510,487 ) (298,561 ) (1,809,048 ) Amortization of debt discount 78,869 16,373 95,242 Balance - June 30, 2019 $ 1,116,584 $ 339,112 $ 1,455,696 Series B, 12% Series B, 12% Convertible Notes Convertible Notes Terms Related Parties Third Parties Issuance dates of notes May 2019 May 2019 Term (in years) 3 3 Maturity dates May 2022 May 2022 Interest rate 12% 12% Collateral (Series A is subordinated to Series B) All assets All assets Conversion price $1 $1 Prepayment penalty (P&I) None None Note Date May 2019 May 2019 Total Principal $ 5,096,400 $ 1,032,600 $ 6,129,000 Quantity of warrants 5,421,400 1,032,600 6,454,000 Warrants/Fees - debt discount (Black-Scholes) $ 3,184,793 $ 645,289 $ 3,830,082 Balance - December 31, 2018 $ - $ - $ - Proceeds 2,299,927 762,500 3,062,427 Conversion from Series A into Series B 2,796,473 270,100 3,066,573 Warrant and BCF debt discount recorded for new notes (5,096,400 ) (1,032,600 ) (6,129,000 ) Amortization of debt discount 266,104 56,013 322,117 Balance - June 30, 2019 $ 266,104 $ 56,013 $ 322,117 Terms Note Payable Note Payable Note Payable Issuance dates of notes December 2017 January 2018 March 2019 Term (in years) 2 2 None Maturity dates December 2019 January 2020 Due on Demand Interest rate 10% 10 None Collateral Unsecured Unsecured Unsecured Note Date December 2017 January 2018 March 2019 Total Principal $ 200,000 $ 100,000 $ 100,000 $ 400,000 Quantity of warrants 50,000 10,000 - 60,000 Warrants/Fees - debt discount (Black-Scholes) $ 18,652 $ 7,124 $ - $ 25,776 Balance - December 31, 2017 $ 181,348 $ - $ - $ 181,348 Proceeds - 100,000 - 100,000 Debt discount recorded for new notes - (7,124 ) - (7,124 ) Amortization of debt discount 9,760 3,387 - 13,147 Balance - December 31, 2018 191,108 96,263 - 287,371 Proceeds - - 50,000 50,000 Repayments - - (50,000 ) (50,000 ) Amortization of debt discount 8,892 3,737 - 12,629 Conversion to Series A, 10%, convertible notes payable (200,000 ) (100,000 ) - (300,000 ) Balance - June 30, 2019 $ - $ - $ - $ - Notes Payable Notes Payable Notes Payable Terms Related Parties Related Parties Related Parties Issuance dates notes August 2017 - October 2017 January 2018 - May 2018 April 2019 Term (in years) 2 2 None Maturity dates July 2020 March 2018 - May 2020 Due on Demand Interest rate 10% % 10% None Collateral Unsecured Unsecured Unsecured Note Date August 2017 - October 2017 January 2018 - May 2018 April 2019 Total Principal $ 1,100,000 $ 1,300,001 $ 789,000 $ 3,189,001 Quantity of warrants 110,000 75,000 325,000 510,000 Warrants/Fees - debt discount (Black-Scholes) $ 112,830 $ 125,433 $ 185,629 $ 423,892 Balance - December 31, 2017 $ 1,002,204 $ - $ - $ 1,002,204 Proceeds - 1,300,001 - 1,300,001 Debt discount recorded for new notes - (125,433 ) - (125,433 ) Amortization of debt discount 56,417 69,053 - 125,470 Repayments (300,000 ) - (300,000 ) Balance - December 31, 2018 1,058,621 943,621 - 2,002,242 Proceeds - - 789,000 789,000 Warrant debt discount recorded for new notes - - (185,629 ) (185,629 ) Amortization of debt discount 40,593 56,380 185,629 282,602 Conversion to Series A, 10%, convertible notes payable (1,000,000 ) (1,000,001 ) (789,000 ) (2,789,001 ) Balance - June 30, 2019 $ 99,214 * $ - $ - $ 99,214 |
Convertible Debt [Table Text Block] | Convertible Convertible Note Convertible Note Terms Notes (Derivative Liability) (Derivative Liability) Issuance dates of notes July 2018 December 2018 January 2019 Term 2 years 9 months 8 months Maturity dates July 2020 September 2019 September 2019 Interest rate 10% 8% 8% Collateral Unsecured Unsecured Unsecured Conversion price $3 Lower of $3 or 65% of market price Lower of $3 or 65% of market price Note Date July 2018 December 2018 January 2019 Total Principal $ 550,000 $ 136,000 $ 104,500 $ 790,500 Quantity of warrants 550,000 100,000 100,000 750,000 Warrants/Fees - debt discount (Black-Scholes) $ 244,549 $ 136,000 $ 94,500 $ 475,049 Balance - December 31, 2017 $ - $ - $ - $ - Proceeds 550,000 136,000 - 686,000 Debt discount recorded for new notes (244,549 ) (136,000 ) - (380,549 ) Amortization of debt discount 51,343 8,947 - 60,290 Balance - December 31, 2018 356,794 8,947 - 365,741 Proceeds - - 94,500 94,500 Debt discount recorded for new notes - - (94,500 ) (94,500 ) Amortization of debt discount 193,206 85,856 56,700 335,762 Conversion to Series A, 10%, convertible notes payable (550,000 ) - - (550,000 ) Balance - June 30, 2019 $ - $ 94,803 * $ 56,700 ** $ 151,503 Penalty classified as additional interest expense $ - $ - $ 10,000 $ 10,000 Convertible Convertible Note Payable Notes Payable Terms Related Party Related Parties Issuance dates of notes July 2015 June 2018 - December 2018 Term (in years) 2 2 Maturity dates July 2019 June 2020 - December 2020 Interest rate 8.5% 10% - 12% Collateral Unsecured Unsecured Conversion price $1.25 $3 Note Date July 2015 June 2018 - December 2018 Total Principal $ 500,000 $ 1,600,000 $ 2,100,000 Quantity of warrants 350,000 1,500,000 1,850,000 Warrants/Fees - debt discount (Black-Scholes) $ 227,258 $ 666,638 $ 893,896 Balance - December 31, 2017 $ 500,000 $ - $ 500,000 Proceeds - 1,600,000 1,600,000 Debt discount recorded for new notes - (666,638 ) (666,638 ) Amortization of debt discount - 165,287 165,287 Balance - December 31, 2018 500,000 1,098,649 1,598,649 Amortization of debt discount - 501,351 501,351 Conversion to Series A, 10%, convertible notes payable (500,000 ) (1,600,000 ) (2,100,000 ) Balance - June 30, 2019 $ - $ - $ - |
Schedule of Derivative Liabilities at Fair Value [Table Text Block] | Commitment Date Remeasurement Date Remeasurement Date Convertible Note Date December 11, 2018 December 31, 2018 June 30, 2019 Maturity date August 11, 2019 August 11, 2019 August 11, 2019 Expected term (years) 0.67 0.61 0.12 Expected volatility 117 % 149 % 138 % Expected dividends 0 % 0 % 0 % Risk free interest rate 2.56 % 2.63 % 2.18 % Fair value $ 125,000 $ 114,000 $ 126,000 Commitment Date Remeasurement Date Convertible Note Date January 14, 2019 June 30, 2019 Maturity date October 14, 2019 October 14, 2019 Expected term (years) 0.75 0.29 Expected volatility 130 % 150 % Expected dividends 0 % 0 % Risk free interest rate 2.55 % 2.12 % Fair value $ 89,000 $ 90,000 |
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis [Table Text Block] | Convertible Note Date December 11, 2018 January 14, 2019 Total Derivative liability - December 31, 2017 $ - $ - $ - Fair value at commitment date 125,000 - 125,000 Fair value mark to market adjustment (11,000 ) - (11,000 ) Derivative liability - December 31, 2018 114,000 - 114,000 Fair value at commitment date - 89,000 89,000 Fair value mark to market adjustment 12,000 1,000 13,000 Derivative liability - June 30, 2019 $ 126,000 $ 90,000 $ 216,000 |
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] | Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs June 30, 2019 (Level 1) (Level 2) (Level 3) Derivative liabilities $ 216,000 $ - $ - $ 216,000 Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs December 31, 2018 (Level 1) (Level 2) (Level 3) Derivative liabilities $ 114,000 $ - $ - $ 114,000 |
Note 6 - Stockholders' Deficit
Note 6 - Stockholders' Deficit (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] | Exercise price $3/share Expected term (in years) 3 - 5 Expected volatility 102% - 103% Expected dividends 0% Risk free interest rate 1.76% - 2.49% Weighted Average Weighted Remaining Aggregate Number of Average Contractual Intrinsic Warrants Warrants Exercise Price Term (Years) Value Outstanding and exercisable - December 31, 2017 10,738,595 $ 1.86 2.81 $ 23,947,175 Granted 2,732,490 1.46 Exercised (718,400 ) 0.50 Cancelled/Forfeited - - Outstanding and exercisable - December 31, 2018 12,752,685 $ 1.85 2.02 $ 4,613,125 Outstanding and exercisable - December 31, 2018 12,752,685 $ 1.85 2.02 $ 4,613,125 Granted 9,704,600 1.03 Exercised (475,500 ) 0.50 Cancelled/Forfeited (2,378,000 ) 1.16 Outstanding and exercisable - June 30, 2019 19,603,785 $ 1.56 2.34 $ 686,800 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Exercise price $3/share Expected term (in years) 5 Expected volatility 103 % Expected dividends 0 % Risk free interest rate 1.93 % |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Weighted Weighted Average Average Weighted Remaining Aggregate Grant Number of Average Contractual Intrinsic Date Stock Options Options Exercise Price Term (Years) Value Fair Value Outstanding - December 31, 2017 3,165,000 $ 1.49 8.50 $ 192,850 $ - Exercisable - December 31, 2017 2,750,000 $ 1.27 8.20 $ 192,850 $ - Granted 50,000 $ 3.00 $ 0.77 Exercised - $ - Cancelled/Forfeited (1,630,000 ) $ - Outstanding - December 31, 2018 1,585,000 $ 1.70 7.63 $ 587,500 Vested and Exercisable - December 31, 2018 1,535,000 $ 1.66 7.58 $ 587,500 Unvested and non-exercisable - December 31, 2018 50,000 $ 3.00 9.23 $ - Outstanding - December 31, 2018 1,585,000 $ 1.70 7.63 $ 587,500 Vested and Exercisable - December 31, 2018 1,535,000 $ 1.66 7.58 $ 587,500 Unvested and non-exercisable - December 31, 2018 50,000 $ 3.00 9.23 $ - Granted 100,000 $ 3.00 $ 0.84 Exercised - $ - Cancelled/Forfeited - $ - Outstanding - June 30, 2019 1,685,000 $ 1.78 7.30 $ - $ - Vested and Exercisable - June 30, 2019 1,593,333 $ 1.71 7.15 $ - $ - Unvested and non-exercisable - June 30, 2019 91,667 $ 3.00 9.92 $ - $ - |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | 2019 2018 $ 9,617 $ 146,277 $ 77,224 Weighted average period in which compensation will vest (years) 0.84 (Expected to be recognized through May 2020) |
Note 1 - Organization and Nat_2
Note 1 - Organization and Nature of Operations and Basis of Presentation (Details Textual) | 3 Months Ended | 6 Months Ended | |||||||
Jun. 30, 2019USD ($) | Mar. 31, 2019USD ($) | Jun. 30, 2018USD ($) | Mar. 31, 2018USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Mar. 31, 2020 | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Number of Wholly Owned Subsidiaries | 2 | ||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total | $ (2,620,228) | $ (1,230,816) | $ (1,274,385) | $ (1,576,677) | $ (3,851,316) | $ (2,851,062) | |||
Net Cash Provided by (Used in) Operating Activities, Total | (1,988,554) | (1,832,115) | |||||||
Retained Earnings (Accumulated Deficit), Ending Balance | (33,271,377) | (33,271,377) | $ (29,420,616) | ||||||
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance | (646,450) | $ (6,131,032) | $ (3,057,628) | $ 1,680 | (646,450) | $ (3,057,628) | (5,096,153) | $ (1,969,304) | |
Working Capital | 832,645 | 832,645 | |||||||
Cash, Ending Balance | $ 1,782,954 | 1,782,954 | $ 43,683 | ||||||
Proceeds from Issuance of Debt | $ 3,995,927 | ||||||||
COVID-19 Pandemic [Member] | Subsequent Event [Member] | |||||||||
Number of Executive Officers Not Furloughed | 3 | ||||||||
SASI [Member] | |||||||||
Noncontrolling Interest, Ownership Percentage by Parent | 98.00% | 98.00% |
Note 2 - Summary of Significa_3
Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Number of Reportable Segments | 1 | ||||
Number of Operating Segments | 1 | ||||
Property, Plant and Equipment, Net, Ending Balance | $ 73,406 | $ 73,406 | $ 85,523 | ||
Cash Equivalents, at Carrying Value, Total | 250,085 | 250,085 | 0 | ||
Accounts Receivable, Allowance for Credit Loss, Ending Balance | 2,370 | 2,370 | 0 | ||
Inventory, Net, Total | 26,326 | 26,326 | 103,142 | ||
Inventory Write-down | 4,003 | $ 0 | 10,286 | $ 0 | |
Research and Development Expense, Total | 63,891 | 16,710 | 64,962 | 101,451 | |
Product Warranty Expense | 0 | 0 | 0 | 0 | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense, Total | 0 | 0 | 0 | 0 | |
Advertising Expense | 8,794 | $ 0 | 44,904 | 1,897 | |
Equity Method Investments | $ 0 | 0 | $ 0 | ||
General and Administrative Expense [Member] | |||||
Operating Lease, Expense | $ 117,432 | $ 106,900 | |||
Minimum [Member] | |||||
Property, Plant and Equipment, Useful Life (Year) | 3 years | ||||
Maximum [Member] | |||||
Property, Plant and Equipment, Useful Life (Year) | 10 years | ||||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | |||||
Number of Major Customers | 2 | 2 | |||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Two Customers [Member] | |||||
Concentration Risk, Percentage | 28.50% | 100.00% | |||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer One [Member] | |||||
Concentration Risk, Percentage | 17.50% | 78.10% | |||
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer Two [Member] | |||||
Concentration Risk, Percentage | 11.00% | 21.90% | |||
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | |||||
Number of Major Customers | 1 | 1 | 1 | 1 | |
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer One [Member] | |||||
Concentration Risk, Percentage | 0.00% | 68.00% | 87.00% | 68.00% | |
UNITED STATES | |||||
Percentage of Revenue | 100.00% | ||||
Non-US [Member] | |||||
Property, Plant and Equipment, Net, Ending Balance | $ 0 | $ 0 |
Note 2 - Summary of Significa_4
Note 2 - Summary of Significant Accounting Policies - Summary of Inventory (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Raw materials | $ 46,885 | $ 17,610 |
Finished products | 199,936 | 85,532 |
Total Inventory | $ 246,821 | $ 103,142 |
Note 2 - Summary of Significa_5
Note 2 - Summary of Significant Accounting Policies - Anti-dilutive Securities (Details) - shares | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Anti-dilutive Securities (in shares) | 29,413,646 | 15,512,956 |
Convertible Debt Securities [Member] | ||
Anti-dilutive Securities (in shares) | 8,124,861 | 1,487,291 |
Warrant [Member] | ||
Anti-dilutive Securities (in shares) | 19,603,785 | 12,145,665 |
Share-based Payment Arrangement, Option [Member] | ||
Anti-dilutive Securities (in shares) | 1,685,000 | 1,880,000 |
Note 2 - Summary of Significa_6
Note 2 - Summary of Significant Accounting Policies - Anti-dilutive Securities (Details) (Parentheticals) - $ / shares | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Dec. 31, 2017 |
Warrants, exercise price (in dollars per share) | $ 1.56 | $ 1.85 | $ 1.86 | |
Convertible Debt Securities [Member] | Minimum [Member] | ||||
Convertible notes payable, exercise price (in dollars per share) | 0.59 | $ 0.59 | ||
Convertible Debt Securities [Member] | Maximum [Member] | ||||
Convertible notes payable, exercise price (in dollars per share) | 2 | 2 | ||
Warrant [Member] | Minimum [Member] | ||||
Warrants, exercise price (in dollars per share) | 0.50 | 0.50 | ||
Warrant [Member] | Maximum [Member] | ||||
Warrants, exercise price (in dollars per share) | 6 | 6 | ||
Share-based Payment Arrangement, Option [Member] | Minimum [Member] | ||||
Stock options, vested, exercise price (in dollars per share) | 1.25 | 1.25 | ||
Share-based Payment Arrangement, Option [Member] | Maximum [Member] | ||||
Stock options, vested, exercise price (in dollars per share) | $ 3 | $ 3 |
Note 3 - Property and Equipme_3
Note 3 - Property and Equipment (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Depreciation, Total | $ 5,786 | $ 6,190 | $ 12,117 | $ 12,425 |
Note 3 - Property and Equipme_4
Note 3 - Property and Equipment - Summary of Property and Equipment (Details) - USD ($) | 6 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | |
Property and Equipment, Gross | $ 159,389 | $ 159,389 |
Accumulated depreciation | (85,983) | (73,866) |
Total propery and equipment - net | $ 73,406 | 85,523 |
Minimum [Member] | ||
Estimated Useful Lives (Year) | 3 years | |
Maximum [Member] | ||
Estimated Useful Lives (Year) | 10 years | |
Equipment and Furniture [Member] | ||
Property and Equipment, Gross | $ 151,796 | 151,796 |
Equipment and Furniture [Member] | Minimum [Member] | ||
Estimated Useful Lives (Year) | 3 years | |
Equipment and Furniture [Member] | Maximum [Member] | ||
Estimated Useful Lives (Year) | 10 years | |
Leasehold Improvements [Member] | ||
Property and Equipment, Gross | $ 7,593 | $ 7,593 |
Estimated Useful Lives (Year) | 10 years |
Note 4 - Debt (Details Textual)
Note 4 - Debt (Details Textual) - USD ($) | 1 Months Ended | 6 Months Ended | 12 Months Ended | 14 Months Ended | ||||
May 31, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | Aug. 31, 2020 | Apr. 02, 2020 | Apr. 01, 2020 | Dec. 31, 2017 | |
Proceeds from Convertible Debt | $ 94,500 | |||||||
Payments of Debt Issuance Costs | $ 99,645 | $ 66,000 | ||||||
Class of Warrant or Right, Issued During Period (in shares) | 9,704,600 | 2,732,490 | ||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 1.56 | $ 1.85 | $ 1.86 | |||||
Subsequent Event [Member] | ||||||||
Payments of Debt Issuance Costs | $ 41,617 | |||||||
Series A and B Warrants [Member] | ||||||||
Class of Warrant or Right, Issued During Period (in shares) | 9,499,600 | 9,499,600 | ||||||
Warrants and Rights Outstanding, Term (Year) | 3 years | |||||||
Series A and B Warrants [Member] | Subsequent Event [Member] | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 1 | |||||||
Series A Warrants [Member] | ||||||||
Class of Warrant or Right, Issued During Period (in shares) | 3,045,600 | 3,045,600 | ||||||
Series A Warrants [Member] | Related Party [Member] | ||||||||
Class of Warrant or Right, Issued During Period (in shares) | 2,548,200 | 2,548,200 | ||||||
Series B Warrants [Member] | ||||||||
Class of Warrant or Right, Issued During Period (in shares) | 6,454,000 | |||||||
Series B Warrants [Member] | Subsequent Event [Member] | ||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 0.50 | |||||||
Series B Warrants [Member] | Related Party [Member] | ||||||||
Class of Warrant or Right, Issued During Period (in shares) | 5,421,400 | |||||||
Existing Debt and Related Accrued Interest Converted into Series A Notes [Member] | ||||||||
Extinguishment of Debt, Amount | $ 6,029,275 | |||||||
Gain (Loss) on Extinguishment of Debt, Total | $ (650,000) | |||||||
Series A Secured Convertible Promissory Note [Member] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | 10.00% | ||||||
Debt Instrument, Convertible, Covenant, Percentage of Amount, Partial Consideration for Converted Financial Instrument | 50.00% | |||||||
Long-term Debt, Total | $ 1,455,696 | |||||||
Series A Secured Convertible Promissory Note [Member] | Subsequent Event [Member] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | |||||||
Series A Secured Convertible Promissory Note [Member] | Related Party [Member] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | |||||||
Long-term Debt, Total | $ 1,116,584 | |||||||
Series B Secured Convertible Promissory Note [Member] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | ||||||
Proceeds from Convertible Debt | $ 3,062,427 | |||||||
Payments of Debt Issuance Costs | 99,645 | |||||||
Proceeds from Convertible Debt, Net | $ 2,962,782 | |||||||
Class of Warrant or Right, Issued During Period (in shares) | 6,454,000 | |||||||
Long-term Debt, Total | $ 322,117 | |||||||
Series B Secured Convertible Promissory Note [Member] | Subsequent Event [Member] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||
Series B Secured Convertible Promissory Note [Member] | Related Party [Member] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | |||||||
Proceeds from Convertible Debt | $ 2,299,927 | |||||||
Class of Warrant or Right, Issued During Period (in shares) | 5,421,400 | |||||||
Long-term Debt, Total | $ 266,104 | |||||||
Notes Payable for Insurance Financing Liability [Member] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.75% | |||||||
Debt Instrument, Periodic Payment, Total | $ 21,254 | |||||||
Long-term Debt, Total | $ 105,025 | $ 223,482 |
Note 4 - Debt - Warrants Measur
Note 4 - Debt - Warrants Measurement Input (Details) | Jun. 30, 2019 | May 31, 2019 |
Measurement Input, Exercise Price [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 3 | 1 |
Measurement Input, Expected Term [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 3 | |
Measurement Input, Price Volatility [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 1.03 | |
Measurement Input, Expected Dividend Rate [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0 | 0 |
Measurement Input, Risk Free Interest Rate [Member] | ||
Warrants and Rights Outstanding, Measurement Input | 0.023 |
Note 4 - Debt - Debt Summary (D
Note 4 - Debt - Debt Summary (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
May 31, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |||
Granted, number of warrants (in shares) | 9,704,600 | 2,732,490 | ||||||
Amortization of debt discount | $ 1,336,868 | $ 49,320 | $ 1,534,203 | $ 72,962 | ||||
Proceeds | $ 3,995,927 | |||||||
Series A Warrants [Member] | ||||||||
Granted, number of warrants (in shares) | 3,045,600 | 3,045,600 | ||||||
Related Party [Member] | Series A Warrants [Member] | ||||||||
Granted, number of warrants (in shares) | 2,548,200 | 2,548,200 | ||||||
Third Party [Member] | Series A Warrants [Member] | ||||||||
Granted, number of warrants (in shares) | 497,400 | |||||||
Series A Secured Convertible Promissory Note [Member] | ||||||||
Convertible notes payable, interest rate | 10.00% | 10.00% | 10.00% | |||||
Principal | $ 3,169,500 | $ 3,169,500 | ||||||
Warrants/Fees - debt discount (Black-Scholes) | 1,809,048 | 1,809,048 | ||||||
Debt balance | ||||||||
Conversion from prior debt into Series A | 5,739,001 | |||||||
Conversion of accrued interest into Series A | 290,274 | |||||||
Conversion of deferred revenue into Series A | 206,800 | |||||||
Conversion to Series A, 10%, convertible notes payable | (3,066,573) | |||||||
Debt discount recorded for new notes | (1,809,048) | |||||||
Amortization of debt discount | 95,242 | |||||||
Debt balance | $ 1,455,696 | $ 1,455,696 | ||||||
Series A Secured Convertible Promissory Note [Member] | Related Party [Member] | ||||||||
Issuance dates of notes | May 2019 | |||||||
Term (Year) | 3 years | |||||||
Maturity dates | May 2022 | |||||||
Convertible notes payable, interest rate | 10.00% | 10.00% | ||||||
Collateral (Series A is subordinated to Series B) | All assets | |||||||
Convertible notes payable, exercise price (in dollars per share) | $ 2 | $ 2 | ||||||
Prepayment penalty (P&I) | None | |||||||
Principal | $ 2,548,200 | $ 2,548,200 | ||||||
Warrants/Fees - debt discount (Black-Scholes) | 1,510,487 | 1,510,487 | ||||||
Debt balance | ||||||||
Conversion from prior debt into Series A | 4,889,001 | |||||||
Conversion of accrued interest into Series A | 127,480 | |||||||
Conversion of deferred revenue into Series A | 206,800 | |||||||
Conversion to Series A, 10%, convertible notes payable | (2,675,079) | |||||||
Debt discount recorded for new notes | (1,510,487) | |||||||
Amortization of debt discount | 78,869 | |||||||
Debt balance | $ 1,116,584 | $ 1,116,584 | ||||||
Series A Secured Convertible Promissory Note [Member] | Third Party [Member] | ||||||||
Issuance dates of notes | May 2019 | |||||||
Term (Year) | 3 years | |||||||
Maturity dates | May 2022 | |||||||
Convertible notes payable, interest rate | 10.00% | 10.00% | ||||||
Collateral (Series A is subordinated to Series B) | All assets | |||||||
Convertible notes payable, exercise price (in dollars per share) | $ 2 | $ 2 | ||||||
Prepayment penalty (P&I) | None | |||||||
Principal | $ 621,300 | $ 621,300 | ||||||
Warrants/Fees - debt discount (Black-Scholes) | 298,561 | 298,561 | ||||||
Debt balance | ||||||||
Conversion from prior debt into Series A | 850,000 | |||||||
Conversion of accrued interest into Series A | 162,794 | |||||||
Conversion of deferred revenue into Series A | ||||||||
Conversion to Series A, 10%, convertible notes payable | (391,494) | |||||||
Debt discount recorded for new notes | (298,561) | |||||||
Amortization of debt discount | 16,373 | |||||||
Debt balance | $ 339,112 | $ 339,112 | ||||||
Series B Secured Convertible Promissory Note [Member] | ||||||||
Convertible notes payable, interest rate | 12.00% | 12.00% | 12.00% | |||||
Principal | $ 6,129,000 | $ 6,129,000 | ||||||
Granted, number of warrants (in shares) | 6,454,000 | |||||||
Warrants/Fees - debt discount (Black-Scholes) | 3,830,082 | $ 3,830,082 | ||||||
Debt balance | ||||||||
Conversion to Series A, 10%, convertible notes payable | 3,066,573 | |||||||
Debt discount recorded for new notes | (6,129,000) | |||||||
Amortization of debt discount | 322,117 | |||||||
Proceeds | 3,062,427 | |||||||
Debt balance | $ 322,117 | $ 322,117 | ||||||
Series B Secured Convertible Promissory Note [Member] | Related Party [Member] | ||||||||
Issuance dates of notes | May 2019 | |||||||
Term (Year) | 3 years | |||||||
Maturity dates | May 2022 | |||||||
Convertible notes payable, interest rate | 12.00% | 12.00% | ||||||
Collateral (Series A is subordinated to Series B) | All assets | |||||||
Convertible notes payable, exercise price (in dollars per share) | $ 1 | $ 1 | ||||||
Prepayment penalty (P&I) | None | |||||||
Principal | $ 5,096,400 | $ 5,096,400 | ||||||
Granted, number of warrants (in shares) | 5,421,400 | |||||||
Warrants/Fees - debt discount (Black-Scholes) | 3,184,793 | $ 3,184,793 | ||||||
Debt balance | ||||||||
Conversion to Series A, 10%, convertible notes payable | 2,796,473 | |||||||
Debt discount recorded for new notes | (5,096,400) | |||||||
Amortization of debt discount | 266,104 | |||||||
Proceeds | 2,299,927 | |||||||
Debt balance | $ 266,104 | $ 266,104 | ||||||
Series B Secured Convertible Promissory Note [Member] | Third Party [Member] | ||||||||
Issuance dates of notes | May 2019 | |||||||
Term (Year) | 3 years | |||||||
Maturity dates | May 2022 | |||||||
Convertible notes payable, interest rate | 12.00% | 12.00% | ||||||
Collateral (Series A is subordinated to Series B) | All assets | |||||||
Convertible notes payable, exercise price (in dollars per share) | $ 1 | $ 1 | ||||||
Prepayment penalty (P&I) | None | |||||||
Principal | $ 1,032,600 | $ 1,032,600 | ||||||
Granted, number of warrants (in shares) | 1,032,600 | |||||||
Warrants/Fees - debt discount (Black-Scholes) | 645,289 | $ 645,289 | ||||||
Debt balance | ||||||||
Conversion to Series A, 10%, convertible notes payable | 270,100 | |||||||
Debt discount recorded for new notes | (1,032,600) | |||||||
Amortization of debt discount | 56,013 | |||||||
Proceeds | 762,500 | |||||||
Debt balance | $ 56,013 | $ 56,013 | ||||||
Note Payable One [Member] | Related Party [Member] | ||||||||
Term (Year) | 2 years | |||||||
Maturity dates | July 2020 | |||||||
Convertible notes payable, interest rate | 10.00% | 10.00% | ||||||
Collateral (Series A is subordinated to Series B) | Unsecured | |||||||
Principal | $ 1,100,000 | $ 1,100,000 | ||||||
Granted, number of warrants (in shares) | 110,000 | |||||||
Warrants/Fees - debt discount (Black-Scholes) | 112,830 | $ 112,830 | ||||||
Debt balance | 1,058,621 | $ 1,002,204 | 1,002,204 | |||||
Conversion to Series A, 10%, convertible notes payable | (1,000,000) | |||||||
Debt discount recorded for new notes | ||||||||
Amortization of debt discount | 40,593 | 56,417 | ||||||
Proceeds | ||||||||
Repayments | ||||||||
Debt balance | $ 99,214 | [1] | $ 99,214 | [1] | 1,058,621 | |||
Note Payable One [Member] | Related Party [Member] | Minimum [Member] | ||||||||
Issuance dates of notes | August 2017 | |||||||
Maturity dates | July 2020 | |||||||
Collateral (Series A is subordinated to Series B) | Unsecured | |||||||
Note Payable One [Member] | Related Party [Member] | Maximum [Member] | ||||||||
Issuance dates of notes | October 2017 | |||||||
Maturity dates | July 2020 | |||||||
Collateral (Series A is subordinated to Series B) | Unsecured | |||||||
Note Payable One [Member] | Third Party [Member] | ||||||||
Issuance dates of notes | December 2017 | |||||||
Term (Year) | 2 years | |||||||
Maturity dates | December 2019 | |||||||
Convertible notes payable, interest rate | 10.00% | 10.00% | ||||||
Collateral (Series A is subordinated to Series B) | Unsecured | |||||||
Principal | $ 200,000 | $ 200,000 | ||||||
Granted, number of warrants (in shares) | 50,000 | |||||||
Warrants/Fees - debt discount (Black-Scholes) | 18,652 | $ 18,652 | ||||||
Debt balance | 191,108 | 181,348 | 181,348 | |||||
Conversion to Series A, 10%, convertible notes payable | (200,000) | |||||||
Debt discount recorded for new notes | ||||||||
Amortization of debt discount | 8,892 | 9,760 | ||||||
Proceeds | ||||||||
Repayments | ||||||||
Debt balance | 191,108 | |||||||
Note Payable Two [Member] | Related Party [Member] | ||||||||
Term (Year) | 2 years | |||||||
Convertible notes payable, interest rate | 10.00% | 10.00% | ||||||
Collateral (Series A is subordinated to Series B) | Unsecured | |||||||
Principal | $ 1,300,001 | $ 1,300,001 | ||||||
Granted, number of warrants (in shares) | 75,000 | |||||||
Warrants/Fees - debt discount (Black-Scholes) | 125,433 | $ 125,433 | ||||||
Debt balance | 943,621 | |||||||
Conversion to Series A, 10%, convertible notes payable | (1,000,001) | |||||||
Debt discount recorded for new notes | (125,433) | |||||||
Amortization of debt discount | 56,380 | 69,053 | ||||||
Proceeds | 1,300,001 | |||||||
Repayments | (300,000) | |||||||
Debt balance | 943,621 | |||||||
Note Payable Two [Member] | Related Party [Member] | Minimum [Member] | ||||||||
Issuance dates of notes | January 2018 | |||||||
Maturity dates | March 2018 | |||||||
Collateral (Series A is subordinated to Series B) | Unsecured | |||||||
Note Payable Two [Member] | Related Party [Member] | Maximum [Member] | ||||||||
Issuance dates of notes | May 2018 | |||||||
Maturity dates | May 2020 | |||||||
Collateral (Series A is subordinated to Series B) | Unsecured | |||||||
Note Payable Two [Member] | Third Party [Member] | ||||||||
Issuance dates of notes | January 2018 | |||||||
Term (Year) | 2 years | |||||||
Maturity dates | January 2020 | |||||||
Convertible notes payable, interest rate | 10.00% | 10.00% | ||||||
Collateral (Series A is subordinated to Series B) | Unsecured | |||||||
Principal | $ 100,000 | $ 100,000 | ||||||
Granted, number of warrants (in shares) | 10,000 | |||||||
Warrants/Fees - debt discount (Black-Scholes) | 7,124 | $ 7,124 | ||||||
Debt balance | 96,263 | |||||||
Conversion to Series A, 10%, convertible notes payable | (100,000) | |||||||
Debt discount recorded for new notes | (7,124) | |||||||
Amortization of debt discount | 3,737 | 3,387 | ||||||
Proceeds | 100,000 | |||||||
Repayments | ||||||||
Debt balance | 96,263 | |||||||
Note Payable Three [Member] | Related Party [Member] | ||||||||
Issuance dates of notes | April 2019 | |||||||
Maturity dates | Due on Demand | |||||||
Collateral (Series A is subordinated to Series B) | Unsecured | |||||||
Principal | 789,000 | $ 789,000 | ||||||
Granted, number of warrants (in shares) | 325,000 | |||||||
Warrants/Fees - debt discount (Black-Scholes) | 185,629 | $ 185,629 | ||||||
Debt balance | ||||||||
Conversion to Series A, 10%, convertible notes payable | (789,000) | |||||||
Debt discount recorded for new notes | (185,629) | |||||||
Amortization of debt discount | 185,629 | |||||||
Proceeds | 789,000 | |||||||
Repayments | ||||||||
Debt balance | ||||||||
Note Payable Three [Member] | Third Party [Member] | ||||||||
Issuance dates of notes | March 2019 | |||||||
Maturity dates | Due on Demand | |||||||
Convertible notes payable, interest rate | 0.00% | 0.00% | ||||||
Collateral (Series A is subordinated to Series B) | Unsecured | |||||||
Principal | $ 100,000 | $ 100,000 | ||||||
Granted, number of warrants (in shares) | ||||||||
Warrants/Fees - debt discount (Black-Scholes) | ||||||||
Debt balance | ||||||||
Conversion to Series A, 10%, convertible notes payable | ||||||||
Debt discount recorded for new notes | ||||||||
Amortization of debt discount | ||||||||
Proceeds | 50,000 | |||||||
Repayments | (50,000) | |||||||
Debt balance | ||||||||
Notes Payable [Member] | Related Party [Member] | ||||||||
Principal | 3,189,001 | $ 3,189,001 | ||||||
Granted, number of warrants (in shares) | 510,000 | |||||||
Warrants/Fees - debt discount (Black-Scholes) | 423,892 | $ 423,892 | ||||||
Debt balance | 2,002,242 | 1,002,204 | 1,002,204 | |||||
Conversion to Series A, 10%, convertible notes payable | (2,789,001) | |||||||
Debt discount recorded for new notes | (185,629) | (125,433) | ||||||
Amortization of debt discount | 282,602 | 125,470 | ||||||
Proceeds | 789,000 | 1,300,001 | ||||||
Repayments | (300,000) | |||||||
Debt balance | 99,214 | 99,214 | 2,002,242 | |||||
Notes Payable [Member] | Third Party [Member] | ||||||||
Principal | 400,000 | $ 400,000 | ||||||
Granted, number of warrants (in shares) | 60,000 | |||||||
Warrants/Fees - debt discount (Black-Scholes) | 25,776 | $ 25,776 | ||||||
Debt balance | 287,371 | $ 181,348 | 181,348 | |||||
Conversion to Series A, 10%, convertible notes payable | (300,000) | |||||||
Debt discount recorded for new notes | (7,124) | |||||||
Amortization of debt discount | 12,629 | 13,147 | ||||||
Proceeds | 50,000 | 100,000 | ||||||
Repayments | (50,000) | |||||||
Debt balance | $ 287,371 | |||||||
[1] | Amount was repaid in August 2019. |
Note 4 - Debt - Convertible Not
Note 4 - Debt - Convertible Notes Payable and Derivative Liability (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |||
Granted, number of warrants (in shares) | 9,704,600 | 2,732,490 | |||||
Proceeds | $ 3,995,927 | ||||||
Amortization of debt discount | $ 1,336,868 | $ 49,320 | $ 1,534,203 | $ 72,962 | |||
Convertible Notes Payable, One [Member] | Related Party [Member] | |||||||
Issuance dates of notes | July 2015 | ||||||
Term (Year) | 2 years | ||||||
Maturity dates | July 2019 | ||||||
Convertible notes payable, interest rate | 8.50% | 8.50% | |||||
Convertible notes payable, exercise price (in dollars per share) | $ 1.25 | $ 1.25 | |||||
Convertible Notes Payable, Two [Member] | Related Party [Member] | |||||||
Term (Year) | 2 years | ||||||
Convertible notes payable, exercise price (in dollars per share) | $ 3 | $ 3 | |||||
Convertible Notes Payable, Two [Member] | Related Party [Member] | Minimum [Member] | |||||||
Issuance dates of notes | June 2018 | ||||||
Maturity dates | June 2020 | ||||||
Convertible notes payable, interest rate | 10.00% | 10.00% | |||||
Convertible Notes Payable, Two [Member] | Related Party [Member] | Maximum [Member] | |||||||
Issuance dates of notes | December 2018 | ||||||
Maturity dates | December 2020 | ||||||
Convertible notes payable, interest rate | 12.00% | 12.00% | |||||
Convertible Debt [Member] | |||||||
Principal | $ 790,500 | $ 790,500 | |||||
Granted, number of warrants (in shares) | 750,000 | ||||||
Warrants/Fees - debt discount (Black-Scholes) | 475,049 | $ 475,049 | |||||
Debt balance | 365,741 | ||||||
Proceeds | 94,500 | 686,000 | |||||
Debt discount recorded for new notes | (94,500) | (380,549) | |||||
Amortization of debt discount | 335,762 | 60,290 | |||||
Conversion to Series A, 10%, convertible notes payable | (550,000) | ||||||
Penalty classified as additional interest expense | 10,000 | ||||||
Debt balance | 151,503 | 151,503 | 365,741 | ||||
Convertible Debt [Member] | Related Party [Member] | |||||||
Principal | 2,100,000 | $ 2,100,000 | |||||
Granted, number of warrants (in shares) | 1,850,000 | ||||||
Warrants/Fees - debt discount (Black-Scholes) | 893,896 | $ 893,896 | |||||
Debt balance | |||||||
Proceeds | 1,600,000 | ||||||
Debt discount recorded for new notes | (666,638) | ||||||
Amortization of debt discount | 501,351 | 165,287 | |||||
Conversion to Series A, 10%, convertible notes payable | (2,100,000) | ||||||
Debt balance | 1,598,649 | 500,000 | 500,000 | ||||
Debt balance | |||||||
Convertible Debt [Member] | Convertible Note Payable Issued In July 2018 [Member] | |||||||
Issuance dates of notes | July 2018 | ||||||
Term (Year) | 2 years | ||||||
Maturity dates | July 2020 | ||||||
Convertible notes payable, interest rate | 10.00% | 10.00% | |||||
Convertible notes payable, exercise price (in dollars per share) | $ 3 | $ 3 | |||||
Principal | $ 550,000 | $ 550,000 | |||||
Granted, number of warrants (in shares) | 550,000 | ||||||
Warrants/Fees - debt discount (Black-Scholes) | 244,549 | $ 244,549 | |||||
Debt balance | 356,794 | ||||||
Proceeds | 550,000 | ||||||
Debt discount recorded for new notes | (244,549) | ||||||
Amortization of debt discount | 193,206 | 51,343 | |||||
Conversion to Series A, 10%, convertible notes payable | (550,000) | ||||||
Penalty classified as additional interest expense | |||||||
Debt balance | 356,794 | ||||||
Convertible Debt [Member] | Convertible Note Payable Dated December 2018 [Member] | |||||||
Issuance dates of notes | December 2018 | ||||||
Term (Year) | 270 days | ||||||
Maturity dates | September 2019 | ||||||
Convertible notes payable, interest rate | 8.00% | 8.00% | |||||
Convertible notes payable, exercise price (in dollars per share) | $ 3 | $ 3 | |||||
Conversion price, percentage | 65.00% | 65.00% | |||||
Principal | $ 136,000 | $ 136,000 | |||||
Granted, number of warrants (in shares) | 100,000 | ||||||
Warrants/Fees - debt discount (Black-Scholes) | 136,000 | $ 136,000 | |||||
Debt balance | 8,947 | ||||||
Proceeds | 136,000 | ||||||
Debt discount recorded for new notes | (136,000) | ||||||
Amortization of debt discount | 85,856 | 8,947 | |||||
Conversion to Series A, 10%, convertible notes payable | |||||||
Penalty classified as additional interest expense | |||||||
Debt balance | $ 94,803 | [1] | $ 94,803 | [1] | 8,947 | ||
Convertible Debt [Member] | Convertible Note Payable Dated January 2019 [Member] | |||||||
Issuance dates of notes | January 2019 | ||||||
Term (Year) | 240 days | ||||||
Maturity dates | September 2019 | ||||||
Convertible notes payable, interest rate | 8.00% | 8.00% | |||||
Convertible notes payable, exercise price (in dollars per share) | $ 3 | $ 3 | |||||
Conversion price, percentage | 65.00% | 65.00% | |||||
Principal | $ 104,500 | $ 104,500 | |||||
Granted, number of warrants (in shares) | 100,000 | ||||||
Warrants/Fees - debt discount (Black-Scholes) | 94,500 | $ 94,500 | |||||
Debt balance | |||||||
Proceeds | 94,500 | ||||||
Debt discount recorded for new notes | (94,500) | ||||||
Amortization of debt discount | 56,700 | ||||||
Conversion to Series A, 10%, convertible notes payable | |||||||
Penalty classified as additional interest expense | 10,000 | ||||||
Debt balance | 56,700 | [2] | 56,700 | [2] | |||
Convertible Debt [Member] | Convertible Notes Payable, One [Member] | Related Party [Member] | |||||||
Principal | 500,000 | $ 500,000 | |||||
Granted, number of warrants (in shares) | 350,000 | ||||||
Warrants/Fees - debt discount (Black-Scholes) | 227,258 | $ 227,258 | |||||
Debt balance | |||||||
Proceeds | |||||||
Debt discount recorded for new notes | |||||||
Amortization of debt discount | |||||||
Conversion to Series A, 10%, convertible notes payable | (500,000) | ||||||
Debt balance | 500,000 | 500,000 | 500,000 | ||||
Debt balance | |||||||
Convertible Debt [Member] | Convertible Notes Payable, Two [Member] | Related Party [Member] | |||||||
Principal | 1,600,000 | $ 1,600,000 | |||||
Granted, number of warrants (in shares) | 1,500,000 | ||||||
Warrants/Fees - debt discount (Black-Scholes) | 666,638 | $ 666,638 | |||||
Debt balance | |||||||
Proceeds | 1,600,000 | ||||||
Debt discount recorded for new notes | (666,638) | ||||||
Amortization of debt discount | 501,351 | 165,287 | |||||
Conversion to Series A, 10%, convertible notes payable | (1,600,000) | ||||||
Debt balance | 1,098,649 | ||||||
Debt balance | |||||||
[1] | Amount was repaid in September 2019. | ||||||
[2] | Amount was repaid in October 2019. |
Note 4 - Debt - Derivative Liab
Note 4 - Debt - Derivative Liability (Details) | Jun. 30, 2019USD ($) | Jan. 14, 2019USD ($) | Dec. 31, 2018USD ($) | Dec. 11, 2018USD ($) |
Fair value | $ 216,000 | $ 114,000 | ||
Convertible Note Payable Dated December 2018 [Member] | ||||
Maturity date | Aug. 11, 2019 | Aug. 11, 2019 | Aug. 11, 2019 | |
Fair value | $ 126,000 | $ 114,000 | $ 125,000 | |
Convertible Note Payable Dated December 2018 [Member] | Measurement Input, Expected Term [Member] | ||||
Derivative, measurement input | 0.12 | 0.61 | 0.67 | |
Convertible Note Payable Dated December 2018 [Member] | Measurement Input, Price Volatility [Member] | ||||
Derivative, measurement input | 1.38 | 1.49 | 1.17 | |
Convertible Note Payable Dated December 2018 [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||
Derivative, measurement input | 0 | 0 | 0 | |
Convertible Note Payable Dated December 2018 [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||
Derivative, measurement input | 0.0218 | 0.0263 | 0.0256 | |
Convertible Note Payable Dated January 2019 [Member] | ||||
Maturity date | Oct. 14, 2019 | Oct. 14, 2019 | ||
Fair value | $ 90,000 | $ 89,000 | ||
Convertible Note Payable Dated January 2019 [Member] | Measurement Input, Expected Term [Member] | ||||
Derivative, measurement input | 0.29 | 0.75 | ||
Convertible Note Payable Dated January 2019 [Member] | Measurement Input, Price Volatility [Member] | ||||
Derivative, measurement input | 1.5 | 1.3 | ||
Convertible Note Payable Dated January 2019 [Member] | Measurement Input, Expected Dividend Rate [Member] | ||||
Derivative, measurement input | 0 | 0 | ||
Convertible Note Payable Dated January 2019 [Member] | Measurement Input, Risk Free Interest Rate [Member] | ||||
Derivative, measurement input | 0.0212 | 0.0255 |
Note 4 - Debt -Summary of Deriv
Note 4 - Debt -Summary of Derivative Liabilities (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Derivative liability - December 31, 2017 | $ 114,000 | ||
Fair value at commitment date | 89,000 | 125,000 | |
Fair value mark to market adjustment | 13,000 | (11,000) | |
Derivative liability - December 31, 2018 | 216,000 | 114,000 | |
Convertible Note Payable Dated December 2018 [Member] | |||
Derivative liability - December 31, 2017 | 114,000 | ||
Fair value at commitment date | 125,000 | ||
Fair value mark to market adjustment | 12,000 | (11,000) | |
Derivative liability - December 31, 2018 | 126,000 | 114,000 | |
Convertible Note Payable Dated January 2019 [Member] | |||
Derivative liability - December 31, 2017 | |||
Fair value at commitment date | 89,000 | ||
Fair value mark to market adjustment | 1,000 | ||
Derivative liability - December 31, 2018 | $ 90,000 |
Note 4 - Debt - Assets and Liab
Note 4 - Debt - Assets and Liabilities Fair Value (Details) - USD ($) | Jun. 30, 2019 | Dec. 31, 2018 |
Derivative liabilities | $ 216,000 | $ 114,000 |
Fair Value, Inputs, Level 1 [Member] | ||
Derivative liabilities | ||
Fair Value, Inputs, Level 2 [Member] | ||
Derivative liabilities | ||
Fair Value, Inputs, Level 3 [Member] | ||
Derivative liabilities | $ 216,000 | $ 114,000 |
Note 5 - Commitments and Cont_2
Note 5 - Commitments and Contingencies (Details Textual) - USD ($) | Feb. 20, 2018 | Jan. 31, 2016 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 |
Share Price (in dollars per share) | $ 3 | |||||
Research and Development Expense, Total | $ 63,891 | $ 16,710 | $ 64,962 | $ 101,451 | ||
SAA [Member] | ||||||
Research and Development Expense, Total | $ 0 | $ 0 | $ 0 | $ 0 | ||
NASA ARC [Member] | SAA [Member] | ||||||
Payments for Research Commitment | $ 373,750 | |||||
Contractual Agreement, Period (Year) | 5 years | |||||
BAM [Member] | ||||||
License and Business Development Agreement, Consideration Received, to Purchase Shares in Connection to a Private Placement | $ 100,000 | |||||
BAM [Member] | Argo Space [Member] | ||||||
Contractual Agreement, Milestone Period (Year) | 5 years | |||||
License and Business Development Agreement, Contingent Consideration Arrangements, Range of Outcomes, Value, High | $ 900,000 | |||||
Lichtinger Goup [Member] | ||||||
Maximum Amount of Capital Contributed | $ 500,000 | |||||
Argo Space [Member] | BAM [Member] | ||||||
Equity Method Investment, Ownership Percentage | 20.00% | |||||
Capital Contribution Threshold | $ 500,000 |
Note 6 - Stockholders' Defici_2
Note 6 - Stockholders' Deficit (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
May 31, 2019 | Apr. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | Nov. 30, 2015 | |
Stock Issued During Period, Shares, Issued for Services (in shares) | 70,000 | ||||||||
Stock Issued During Period, Value, Issued for Services | $ 45,000 | $ 79,950 | $ 124,950 | ||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.80 | $ 1.80 | |||||||
Stock Issued During Period, Shares, Exercise of Warrants (in shares) | 306,195 | ||||||||
Class of Warrant or Right, Exercised During Period (in shares) | 475,500 | 718,400 | |||||||
Stock Issued During Period, Value, Exercise of Warrants | $ 0 | ||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | ||||||
Proceeds from Related Party Debt | $ 50,000 | $ 789,000 | $ 2,200,000 | ||||||
Stock Issued During Period, Shares, Issued for Loan Costs (in shares) | 2,000 | ||||||||
Stock Issued During Period, Value, Issued for Loan Costs | $ 3,608 | $ 3,608 | |||||||
Cancellation and Return of Shares from Former Related Party, Shares (in shares) | 2,000,000 | ||||||||
Cancellation and Return of Shares from Former Related Party, Value | $ 0 | $ 2,000 | |||||||
Cancellation and Return of Shares from Former Related Party, Price Per Share (in dollars per share) | $ 0.001 | $ 0.001 | |||||||
Class of Warrant or Right, Issued During Period (in shares) | 9,704,600 | 2,732,490 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 100,000 | 50,000 | |||||||
Share-based Payment Arrangement, Expense | $ 9,617 | $ 146,277 | |||||||
Equity Incentive Plan 2015 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 4,000,000 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 100,000 | ||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grant Date Fair Value | $ 84,244 | ||||||||
Equity Incentive Plan 2015 [Member] | Share-based Payment Arrangement, Option [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 1 year | ||||||||
Share-based Payment Arrangement, Expense | 9,617 | ||||||||
Equity Incentive Plan 2015 [Member] | Share-based Payment Arrangement, Option [Member] | Granted in 2019 [Member] | |||||||||
Share-based Payment Arrangement, Expense | 7,020 | ||||||||
Equity Incentive Plan 2015 [Member] | Share-based Payment Arrangement, Option [Member] | Granted Prior [Member] | |||||||||
Share-based Payment Arrangement, Expense | $ 2,597 | ||||||||
Warrants Issued for Services [Member] | |||||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 105,000 | 105,000 | |||||||
Warrants and Rights Outstanding | $ 138,812 | $ 138,812 | |||||||
Class of Warrant or Right, Issued During Period (in shares) | 105,000 | ||||||||
Series A and B Warrants [Member] | |||||||||
Class of Warrant or Right, Issued During Period (in shares) | 9,499,600 | 9,499,600 | |||||||
Warrants Issued in Connection with Debt [Member] | |||||||||
Class of Warrant or Right, Issued During Period (in shares) | 100,000 | ||||||||
Common Stock [Member] | |||||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 25,000 | 45,000 | |||||||
Stock Issued During Period, Value, Issued for Services | $ 25 | $ 45 | |||||||
Stock Issued During Period, Shares, Exercise of Warrants (in shares) | 306,195 | ||||||||
Stock Issued During Period, Value, Exercise of Warrants | $ 306 | $ 306 | |||||||
Stock Issued During Period, Shares, Issued for Loan Costs (in shares) | 2,000 | ||||||||
Stock Issued During Period, Value, Issued for Loan Costs | $ 2 | ||||||||
Cancellation and Return of Shares from Former Related Party, Shares (in shares) | 2,000,000 | ||||||||
Cancellation and Return of Shares from Former Related Party, Value | $ 2,000 | $ 2,000 | |||||||
Minimum [Member] | |||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.78 | $ 1.78 | |||||||
Maximum [Member] | |||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 1.80 | $ 1.80 |
Note 6 - Stockholders' Defici_3
Note 6 - Stockholders' Deficit - Warrants (Details) | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2019USD ($)$ / sharesshares | Dec. 31, 2018USD ($)$ / sharesshares | Dec. 31, 2017USD ($)$ / sharesshares | May 31, 2019 | |
Outstanding, number of warrants (in shares) | shares | 12,752,685 | 10,738,595 | ||
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 1.85 | $ 1.86 | ||
Outstanding and exercisable, weighted average remaining contractual life (Year) | 2 years 124 days | 2 years 7 days | 2 years 295 days | |
Outstanding and exercisable - December 31, 2017 | $ | $ 686,800 | $ 4,613,125 | $ 23,947,175 | |
Granted, number of warrants (in shares) | shares | 9,704,600 | 2,732,490 | ||
Granted, weighted average exercise price (in dollars per share) | $ / shares | $ 1.03 | $ 1.46 | ||
Exercised, number of warrants (in shares) | shares | (475,500) | (718,400) | ||
Exercised, weighted average exercise price (in dollars per share) | $ / shares | $ 0.50 | $ 0.50 | ||
Cancelled/Forfeited (in shares) | shares | (2,378,000) | |||
Cancelled/Forfeited (in dollars per share) | $ / shares | $ 1.16 | |||
Outstanding, number of warrants (in shares) | shares | 19,603,785 | 12,752,685 | 10,738,595 | |
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 1.56 | $ 1.85 | $ 1.86 | |
Measurement Input, Exercise Price [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 3 | 1 | ||
Measurement Input, Expected Term [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 3 | |||
Measurement Input, Expected Term [Member] | Minimum [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 3 | |||
Measurement Input, Expected Term [Member] | Maximum [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 5 | |||
Measurement Input, Price Volatility [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 1.03 | |||
Measurement Input, Price Volatility [Member] | Minimum [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 1.02 | |||
Measurement Input, Price Volatility [Member] | Maximum [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 1.03 | |||
Measurement Input, Expected Dividend Rate [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 0 | 0 | ||
Measurement Input, Risk Free Interest Rate [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 0.023 | |||
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 0.0176 | |||
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member] | ||||
Warrants and Rights Outstanding, Measurement Input | 0.0249 |
Note 6 - Stockholders' Defici_4
Note 6 - Stockholders' Deficit - Black-Scholes Option Inputs (Details) - Share-based Payment Arrangement, Option [Member] | 6 Months Ended |
Jun. 30, 2019$ / shares | |
Exercise price (in dollars per share) | $ 3 |
Expected term (in years) (Year) | 5 years |
Expected volatility | 103.00% |
Expected dividends | 0.00% |
Risk free interest rate | 1.93% |
Note 6 - Stockholders' Defici_5
Note 6 - Stockholders' Deficit - Option Activity (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Outstanding, number of options (in shares) | 1,585,000 | 3,165,000 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 1.70 | $ 1.49 | |
Outstanding, weighted average remaining contractual life (Year) | 7 years 109 days | 7 years 229 days | 8 years 182 days |
Outstanding, aggregate intrinsic value | $ 587,500 | $ 192,850 | |
Exercisable, number of options (in shares) | 1,593,333 | 1,535,000 | 2,750,000 |
Exercisable, weighted average exercise price (in dollars per share) | $ 1.71 | $ 1.66 | $ 1.27 |
Exercisable, weighted average remaining contractual life (Year) | 7 years 54 days | 7 years 211 days | 8 years 73 days |
Exercisable, aggregate intrinsic value | $ 587,500 | $ 192,850 | |
Granted, number of options (in shares) | 100,000 | 50,000 | |
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 3 | $ 3 | |
Weighted average grant date fair value (in dollars per share) | $ 0.84 | $ 0.77 | |
Exercised, number of options (in shares) | |||
Exercised, weighted average exercise price (in dollars per share) | |||
Cancelled/Forfeited, number of options (in shares) | (1,630,000) | ||
Cancelled/Forfeited (in dollars per share) | |||
Exercisable, weighted average exercise price (in dollars per share) | $ 1.71 | $ 1.66 | $ 1.27 |
Exercisable, aggregate intrinsic value | $ 587,500 | $ 192,850 | |
Unvested and non-exercisable, number of shares (in shares) | 91,667 | 50,000 | |
Unvested and non-exercisable, weighted average exercise price (in dollars per share) | $ 3 | $ 3 | |
Unvested and non-exercisable, weighted average remaining contractual life (Year) | 9 years 335 days | 9 years 83 days | |
Outstanding, aggregate intrinsic value | $ 587,500 | $ 192,850 | |
Outstanding, number of options (in shares) | 1,685,000 | 1,585,000 | 3,165,000 |
Outstanding, weighted average exercise price (in dollars per share) | $ 1.78 | $ 1.70 | $ 1.49 |
Note 6 - Stockholders' Defici_6
Note 6 - Stockholders' Deficit - Compensation Expense (Details) - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2019 | Dec. 31, 2018 | |
Compensation expense | $ 9,617 | $ 146,277 |
Compensation cost related to the unvested options not yet recognized | $ 77,224 | |
Weighted average period in which compensation will vest (years) (Year) | 306 days |
Note 7 - Subsequent Events (Det
Note 7 - Subsequent Events (Details Textual) - USD ($) | Aug. 05, 2020 | May 12, 2020 | Oct. 31, 2019 | May 31, 2019 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | Aug. 31, 2020 | Nov. 24, 2020 |
Class of Warrant or Right, Issued During Period (in shares) | 9,704,600 | 2,732,490 | |||||||
Class of Warrant or Right, Issued During Period, Exercise Price (in dollars per share) | $ 1.03 | $ 1.46 | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 100,000 | 50,000 | |||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 3 | $ 3 | |||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 70,000 | ||||||||
Class of Warrant or Right, Exercised During Period (in shares) | 475,500 | 718,400 | |||||||
Stock Issued During Period, Shares, Exercise of Warrants (in shares) | 306,195 | ||||||||
Repayments of Notes Payable | $ 50,000 | ||||||||
Proceeds from Notes Payable, Total | 50,000 | 200,000 | |||||||
Payments of Debt Issuance Costs | $ 99,645 | $ 66,000 | |||||||
Series A Secured Convertible Promissory Note [Member] | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | 10.00% | |||||||
Series B Secured Convertible Promissory Note [Member] | |||||||||
Class of Warrant or Right, Issued During Period (in shares) | 6,454,000 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | 12.00% | |||||||
Payments of Debt Issuance Costs | $ 99,645 | ||||||||
Subsequent Event [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 190,000 | ||||||||
Class of Warrant or Right, Exercised During Period (in shares) | 263,000 | ||||||||
Stock Issued During Period, Shares, Exercise of Warrants (in shares) | 146,248 | ||||||||
Repayments of Notes Payable | $ 100,000 | ||||||||
Repayments of Convertible Debt | 230,500 | ||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 1,240,430 | ||||||||
Employee-related Liabilities, Total | $ 190,000 | ||||||||
Payments of Debt Issuance Costs | $ 41,617 | ||||||||
Subsequent Event [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||||||||
Proceeds from Notes Payable, Total | $ 278,800 | ||||||||
Subsequent Event [Member] | Series A Secured Convertible Promissory Note [Member] | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ||||||||
Subsequent Event [Member] | Series B Secured Convertible Promissory Note [Member] | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 12.00% | ||||||||
Debt Instrument, Term (Year) | 3 years | ||||||||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ 1 | ||||||||
Subsequent Event [Member] | U.S. Small Business Administration’s Disaster Assistance Program [Member] | |||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 18,200 | ||||||||
Subsequent Event [Member] | Secured Note [Member] | |||||||||
Related Party Debt, Maximum Amount Issuable | $ 5,000,000 | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 10.00% | ||||||||
Debt Instrument, Term (Year) | 2 years | ||||||||
Debt Instrument, Convertible, Conversion Price (in dollars per share) | $ 2 | ||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 300,000 | ||||||||
Subsequent Event [Member] | Range 1 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 40,000 | ||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 2 | ||||||||
Subsequent Event [Member] | Range 2 [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 150,000 | ||||||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share) | $ 1.50 | ||||||||
Subsequent Event [Member] | Share-based Payment Arrangement, Option [Member] | |||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | ||||||||
Subsequent Event [Member] | Consultants [Member] | |||||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 262,500 | ||||||||
Warrants Issued for Services [Member] | |||||||||
Class of Warrant or Right, Issued During Period (in shares) | 105,000 | ||||||||
Warrants Issued for Services [Member] | Subsequent Event [Member] | Employee [Member] | |||||||||
Class of Warrant or Right, Issued During Period (in shares) | 120,000 | ||||||||
Class of Warrant or Right, Issued During Period, Exercise Price (in dollars per share) | $ 3 | ||||||||
Warrants Issued for Services [Member] | Subsequent Event [Member] | Consultants [Member] | |||||||||
Class of Warrant or Right, Issued During Period (in shares) | 358,500 | ||||||||
Warrants Issued for Services [Member] | Subsequent Event [Member] | Consultants [Member] | Minimum [Member] | |||||||||
Class of Warrant or Right, Issued During Period, Exercise Price (in dollars per share) | $ 1.50 | ||||||||
Warrants and Rights Outstanding, Term (Year) | 1 year | ||||||||
Warrants Issued for Services [Member] | Subsequent Event [Member] | Consultants [Member] | Maximum [Member] | |||||||||
Class of Warrant or Right, Issued During Period (in shares) | 3 | ||||||||
Warrants and Rights Outstanding, Term (Year) | 5 years |