Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Apr. 30, 2017 | Jun. 16, 2017 | |
Document And Entity Information | ||
Entity Registrant Name | Mirage Energy Corp | |
Entity Central Index Key | 1,623,360 | |
Trading Symbol | mrge | |
Current Fiscal Year End Date | --07-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 310,190,456 | |
Document Type | 10-Q | |
Document Period End Date | Apr. 30, 2017 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Apr. 30, 2017 | Jul. 31, 2016 |
Current Assets | ||
Cash and cash equivalents | $ 477 | $ 76,165 |
Loans receivable and salary advances, related parties | 20,000 | |
Prepaid expenses | 6,943 | 2,859 |
Total Current Assets | 7,420 | 99,024 |
Property, plant and equipment, net | 6,588 | 7,774 |
Other Assets | ||
Deposits | 6,920 | 6,920 |
U.S. & Mexican projects | 112,495 | 78,445 |
Total Other Assets | 119,415 | 85,365 |
TOTAL ASSETS | 133,423 | 192,163 |
Current Liabilities | ||
Loans payable, related parties | 219,744 | 50,000 |
Accounts payable and accrued liabilities | 274,709 | 142,896 |
Accrued salaries and payroll taxes, related parties | 691,326 | 303,750 |
Total Current Liabilities | 1,185,779 | 496,646 |
TOTAL LIABILITIES | 1,185,779 | 496,646 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Common stock, par value $0.001, 900,000,000 shares authorized, 310,190,456 shares issued and outstanding as of April 30, 2017; 127,864,000 shares issued and outstanding as of July 31, 2016 | 310,190 | 127,864 |
Preferred stock, par value $0.001, 10,000,000 shares authorized, 10,000,000 shares issued and outstanding as of April 30, 2017 and July 31, 2016 | 10,000 | 10,000 |
Additional paid-in capital | 66,101 | 6,215 |
Accumulated deficit | (1,438,547) | (448,551) |
Accumulated other comprehensive loss | (100) | (11) |
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) | (1,052,356) | (304,483) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 133,423 | $ 192,163 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Apr. 30, 2017 | Jul. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 900,000,000 | 900,000,000 |
Common stock, shares issued | 310,190,456 | 127,864,000 |
Common stock, shares outstanding | 310,190,456 | 127,864,000 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 10,000,000 | 10,000,000 |
Preferred stock, shares outstanding | 10,000,000 | 10,000,000 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Apr. 30, 2017 | Apr. 30, 2016 | Apr. 30, 2017 | Apr. 30, 2016 | |
Income Statement [Abstract] | ||||
REVENUES | ||||
COST OF GOODS SOLD | ||||
GROSS LOSS | ||||
OPERATING EXPENSES | ||||
General and administrative expenses | 467,278 | 82,370 | 913,129 | 239,944 |
Professional fees | 38,510 | 6,793 | 70,734 | 8,190 |
Total Operating Expenses | 505,788 | 89,163 | 983,863 | 248,134 |
LOSS FROM OPERATIONS | (505,788) | (89,163) | (983,863) | (248,134) |
OTHER EXPENSE | ||||
Interest expense | 3,014 | 17 | 6,122 | 25 |
Total Other Expense | 3,014 | 17 | 6,122 | 25 |
LOSS BEFORE INCOME TAXES | (508,802) | (89,180) | (989,985) | (248,159) |
Income tax recovery | ||||
Income tax expense | ||||
NET LOSS | (508,802) | (89,180) | (989,985) | (248,159) |
OTHER COMPREHENSIVE INCOME (LOSS) | ||||
Foreign currency translation adjustments | (100) | (100) | ||
TOTAL COMPREHENSIVE LOSS | $ (508,902) | $ (89,180) | $ (990,085) | $ (248,159) |
Basic and Diluted Loss per Common Share (in dollars per share) | $ 0 | $ 0 | $ (0.01) | $ (0.02) |
Basic and Diluted Weighted Average Common Shares Outstanding (in shares) | 310,152,928 | 38,910,915 | 191,961,783 | 14,087,479 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Apr. 30, 2017 | Apr. 30, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net (loss) | $ (989,985) | $ (248,159) |
Adjustments to reconcile net (loss) to net cash used in operating activities: | ||
Depreciation expense | 1,186 | |
Stock-Based compensation | 262,500 | |
Changes in operating assets and liabilities | ||
Prepaid expenses | (4,084) | (136) |
Accounts payable | 46,991 | 7,520 |
Accrued expenses | 32,399 | 1,560 |
Accrued salaries and payroll taxes, related parties | 429,576 | 202,500 |
Net cash (used) in operating activities | (221,517) | (36,715) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Loans receivable, related parties | (11,000) | (3,000) |
U.S. and Mexican project development costs | (33,941) | (1,426) |
Net cash (used) in investing activities | (44,941) | (4,426) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from sale of common stock | 20,000 | 41,341 |
Loans payable, related parties | 169,744 | |
Net cash provided by financing activities | 189,744 | 41,341 |
Effects on changes in foreign exchange rate | 1,026 | |
Net increase (decrease) in cash | (75,688) | 200 |
Cash and cash equivalents - beginning of period | 76,165 | |
Cash and cash equivalents - end of period | 477 | 200 |
NON-CASH TRANSACTIONS: | ||
Net assets assumed in reverse merger | 40,288 | |
Cash paid for interest | 6,122 | 25 |
Cash payments for income taxes |
ORGANIZATION AND DESCRIPTION OF
ORGANIZATION AND DESCRIPTION OF BUSINESS | 9 Months Ended |
Apr. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND DESCRIPTION OF BUSINESS | NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS Mirage Energy Corporation (formerly Bridgewater Platforms Inc.) (the “Company”) is a Nevada corporation incorporated on May 6, 2014. On May 20, 2014, the Company incorporated a Canadian subsidiary known as Bridgewater Construction Ltd. in Ontario in association with its construction business. Mirage Energy Corporation is based at 900 Isom Rd Suite 306, San Antonio, TX 78216. The Company’s fiscal year end is July 31. On August 11, 2016, a change in Company control occurred whereby Company affiliate shareholder, Eric Davies, sold 2,500,000 (90,000,000 post split shares) of his Company shares to Michael R. Ward. The sale represented 30% of the Company’s total issued and outstanding common shares. Additionally, Emanuel Oliveira, an affiliate shareholder, sold 774,000 common shares (27,864,033 post split shares) to Mr. Ward and 1,726,000 shares (62,136,075 post split shares) to Choice Consulting, LLC, a Wyoming limited liability company. On November 7, 2016, the Company increased the authorized shares from 75,000,000 to 900,000,000 shares of $0.001 par value. It also designated 10,000,000 shares of Series A Preferred Stock. On November 7, 2016, the Company implemented a forward stock split of its common shares on a 36:1 basis. The issued and outstanding common shares increased from 8,333,336 to 300,000,456 shares. All share and per share amounts have been restated from the first day of the first period presented to reflect the split. On January 24, 2017, Mirage Energy Corporation, a Nevada corporation (“Mirage” or the “Company”) entered into an agreement with Mirage’s President and CEO, Mr. Michael Ward, whereby Mirage acquired all of the issued and outstanding shares of 4Ward Resources Inc., a Texas corporation (“4Ward Resources”) from Mr. Ward in exchange for 10,000,000 shares of Mirage’s Common Stock and 10,000,000 shares of Mirage’s Series A Preferred Stock. The acquisition of 4Ward Resources was completed on January 24, 2017. The Series A shares possess 20 votes per share and are convertible into 200,000,000 common shares. Through this acquisition, the Company’s scope of business was expanded to include 4Ward Resource’s development of an integrated Texas/Mexico natural gas pipeline transportation and storage facility in Northeastern Mexico. This transaction was combined with the August 11, 2016 transaction and treated as a reverse merger and recapitalization whereby 4Ward Resources was determined to be the accounting acquirer under ASC 805 and assumed $40,288 of net assets of Mirage. Total ownership of a majority of the Company’s issued and outstanding common shares as a result of these transactions is as follows: Michael R. Ward 127,864,000 41.3 % Choice Consulting, LLC 62,136,000 20.1 % |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Apr. 30, 2017 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s 8-K filed with the Securities and Exchange Commission on January 27, 2017 Basis of Consolidation These financial statements include the accounts of the Company and its wholly owned subsidiaries, 4Ward Resources, Inc., Cenote Energy, S. de R.L. de C.V., WPF Transmission, Inc., and WPF Mexico Pipelines, S. de R.L. de C.V. All material intercompany balances and transactions have been eliminated. |
GOING CONCERN
GOING CONCERN | 9 Months Ended |
Apr. 30, 2017 | |
Going Concern [Abstract] | |
GOING CONCERN | NOTE 3 - GOING CONCERN The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company had a net loss of $990,085 and had net cash used in operations of $221,517 for the nine months ended April 30, 2017 and had an accumulated deficit and working capital deficit of $1,438,547 and $1,178,359 at that date. The Company has not established an ongoing source of revenues sufficient to cover its operating cost, and requires additional capital to commence its operating plan. If the Company is unable to obtain adequate capital, it could be forced to cease operations. These factors raise substantial doubt about its ability to continue as a going concern. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company may include, but not be limited to: sales of equity instruments; traditional financing, such as loans; sale of participation interests and obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Apr. 30, 2017 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 4 - RELATED PARTY TRANSACTIONS On January 24, 2017, Mirage Energy Corporation, a Nevada corporation (“Mirage” or the “Company”) entered into an agreement with Mirage’s President and CEO, Mr. Michael Ward, whereby Mirage acquired all of the issued and outstanding shares of 4Ward Resources Inc., a Texas corporation (“4Ward Resources”) from Mr. Ward in exchange for 10,000,000 shares of Mirage’s Common Stock and 10,000,000 shares of Mirage’s Series A Preferred Stock. The acquisition of 4Ward Resources was completed on January 24, 2017. On January 28, 2017, 4Ward Resources, Inc., Mirage Energy Corporation’s wholly owned subsidiary, acquired Michael Ward’s ninety (90%) percent interest in two Mexican companies. The remaining ten (10%) percent interest was acquired by Mirage Energy Corporation from Patrick Dosser. Patrick Dosser is Michael Ward’s son. Together, Mirage Energy and 4Ward Resources own 100% of the two Mexican corporations. The two Mexican corporations are WPF MEXICO PIPELINES, S. de R.L. de C.V., and CENOTE ENERGY S. de R.L. de C.V. Additionally, 4Ward Resources acquired all of Michael Ward’s interest in WPF TRANSMISSION, INC., a Texas corporation. These transactions were valued at their carry over basis of $140,286, representing $99,821 expended on behalf of these companies by 4Ward Resources, $1,500 expended by Mr. Michael Ward to be reimbursed by 4Ward Resources and $38,965 whose vendor payments will be assumed or paid by 4Ward Resources. These transactions were accounted for as a merger of entities under common control under ASC 805-50 whereby the financial information has been combined from the first day of the first period presented similar to a pooling of interest. The CEO of the Company and two other members of management were advanced a total $22,000, during the nine months ending April 30, 2017. These advances increased the total advances to $42,000. As of April 30, 2017 and 2016, the CEO and two other members of management had earned accrued unpaid salary in the amount of $702,250, from June 24, 2015 until April 30, 2017. Accrued salaries of $702,250 combined with accrued payroll taxes of $31,076 is netted with advances of $42,000 for a total accrued related party salaries and payroll tax of $691,326 for the nine months ended. Also, a company owned by the spouse of the CEO provided an additional loan of $137,600 to 4Ward Resources, Inc. during the nine months. This additional loan increased the total loan amount to $187,600. Additionally $32,144 is owed to Mr. Michael Ward for monies outlaid on behalf of the Company. |
EQUITY
EQUITY | 9 Months Ended |
Apr. 30, 2017 | |
Equity [Abstract] | |
EQUITY | NOTE 5 - EQUITY On February 2, 2017, the Company offered and sold 40,000 shares of common stock to accredited investor for $20,000. On March 8, 2017, the Company authorized a stock grant of 50,000 common shares to each of three members of the board of directors totaling 150,000 shares of common stock valued at $1.75 per share as director compensation. |
SUMMARY OF SIGNIFICANT ACCOUN11
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Apr. 30, 2017 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) of the United States. In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading. The results of operations for such interim periods are not necessarily indicative of operations for a full year. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s 8-K filed with the Securities and Exchange Commission on January 27, 2017 |
Basis of Consolidation | Basis of Consolidation These financial statements include the accounts of the Company and its wholly owned subsidiaries, 4Ward Resources, Inc., Cenote Energy, S. de R.L. de C.V., WPF Transmission, Inc., and WPF Mexico Pipelines, S. de R.L. de C.V. All material intercompany balances and transactions have been eliminated. |
ORGANIZATION AND DESCRIPTION 12
ORGANIZATION AND DESCRIPTION OF BUSINESS (Tables) | 9 Months Ended |
Apr. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Schedule of ownership of a majority of the Company's issued and outstanding | Michael R. Ward 127,864,000 41.3 % Choice Consulting, LLC 62,136,000 20.1 % |
ORGANIZATION AND DESCRIPTION 13
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details) | Apr. 30, 2017shares |
Michael R. Ward | |
Schedule of Equity Method Investments [Line Items] | |
Total ownership shares of a majority issued and outstanding | 127,864,000 |
Total ownership percentage of a majority issued and outstanding | 41.30% |
Choice Consulting, LLC | |
Schedule of Equity Method Investments [Line Items] | |
Total ownership shares of a majority issued and outstanding | 62,136,000 |
Total ownership percentage of a majority issued and outstanding | 20.10% |
ORGANIZATION AND DESCRIPTION 14
ORGANIZATION AND DESCRIPTION OF BUSINESS (Details Textuals) | Nov. 07, 2016$ / sharesshares | Aug. 11, 2016shares | Jan. 24, 2017USD ($)shares | Apr. 30, 2017$ / sharesshares | Nov. 06, 2016shares | Jul. 31, 2016$ / sharesshares |
Schedule of Equity Method Investments [Line Items] | ||||||
Common stock, shares authorized | 900,000,000 | 900,000,000 | 75,000,000 | 900,000,000 | ||
Common stock, par value (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | |||
Preferred stock, shares authorized | 10,000,000 | 10,000,000 | 10,000,000 | |||
Forward stock split | 36 | |||||
Common stock, shares issued | 300,000,456 | 310,190,456 | 8,333,336 | 127,864,000 | ||
Common stock, shares outstanding | 300,000,456 | 310,190,456 | 8,333,336 | 127,864,000 | ||
Number of common stock shares issuable upon conversion of preferred stock | 200,000,000 | |||||
Michael R. Ward | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Total ownership percentage of a majority issued and outstanding | 41.30% | |||||
Michael R. Ward | Series A preferred stock | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Preferred stock voting rights | 20 votes per share | |||||
Michael R. Ward | 4Ward Resources Inc | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Net assets assumed | $ | $ 40,288 | |||||
Michael R. Ward | 4Ward Resources Inc | Series A preferred stock | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Number of shares exchanged for acquisition | 10,000,000 | |||||
Michael R. Ward | 4Ward Resources Inc | Common stock | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Number of shares exchanged for acquisition | 10,000,000 | |||||
Michael R. Ward | Eric Davies | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Total ownership percentage of a majority issued and outstanding | 30.00% | |||||
Number of shares sold | 2,500,000 | |||||
Post split shares | 90,000,000 | |||||
Michael R. Ward | Emanuel Oliveira | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Number of shares sold | 774,000 | |||||
Post split shares | 27,864,033 | |||||
Choice Consulting, LLC | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Total ownership percentage of a majority issued and outstanding | 20.10% | |||||
Choice Consulting, LLC | Emanuel Oliveira | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Number of shares sold | 1,726,000 | |||||
Post split shares | 62,136,075 |
GOING CONCERN (Details)
GOING CONCERN (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Apr. 30, 2017 | Apr. 30, 2016 | Apr. 30, 2017 | Apr. 30, 2016 | Jul. 31, 2016 | |
Going Concern [Abstract] | |||||
Net loss | $ (508,802) | $ (89,180) | $ (989,985) | $ (248,159) | |
Net cash used in operations | (221,517) | $ (36,715) | |||
Accumulated deficit | (1,438,547) | (1,438,547) | $ (448,551) | ||
Working Capital Surplus (Deficit) | $ (1,178,359) | $ (1,178,359) |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($) | 1 Months Ended | 9 Months Ended | ||
Jan. 28, 2017 | Jan. 24, 2017 | Apr. 30, 2017 | Jul. 31, 2016 | |
Related Party Transaction [Line Items] | ||||
Advances | $ 42,000 | |||
Loans payable | 187,600 | |||
Accrued payroll taxes | 31,076 | |||
Accrued salaries and payroll taxes, related parties | 691,326 | $ 303,750 | ||
WPF MEXICO PIPELINES, S. de R.L. de C.V., and CENOTE ENERGY S. de R.L. de C.V. | ||||
Related Party Transaction [Line Items] | ||||
Total value of acquisition | $ 140,286 | |||
Expenses paid on behalf of acquiree companies | 99,821 | |||
Expenses paid by Mr. Michael Ward | 32,144 | |||
Vendor payments to be assumed or paid by 4Ward Resources | $ 38,965 | |||
Michael R. Ward | ||||
Related Party Transaction [Line Items] | ||||
Advances | 22,000 | |||
Accrued unpaid salaries | 702,250 | |||
Due to related parties | 1,500 | |||
Michael R. Ward | 4Ward Resources Inc | ||||
Related Party Transaction [Line Items] | ||||
Percentage of interests acquired | 100.00% | |||
Michael R. Ward | 4Ward Resources Inc | Series A preferred stock | ||||
Related Party Transaction [Line Items] | ||||
Number of shares exchanged for acquisition | 10,000,000 | |||
Michael R. Ward | 4Ward Resources Inc | Common stock | ||||
Related Party Transaction [Line Items] | ||||
Number of shares exchanged for acquisition | 10,000,000 | |||
Michael R. Ward | WPF MEXICO PIPELINES, S. de R.L. de C.V., and CENOTE ENERGY S. de R.L. de C.V. | ||||
Related Party Transaction [Line Items] | ||||
Percentage of interests acquired | 90.00% | |||
Michael R. Ward | 4Ward Resources Inc | WPF MEXICO PIPELINES, S. de R.L. de C.V., and CENOTE ENERGY S. de R.L. de C.V. | ||||
Related Party Transaction [Line Items] | ||||
Percentage of interests acquired | 90.00% | |||
Patrick Dosser | WPF MEXICO PIPELINES, S. de R.L. de C.V., and CENOTE ENERGY S. de R.L. de C.V. | ||||
Related Party Transaction [Line Items] | ||||
Percentage of interests acquired | 10.00% | |||
Spouse of CEO | ||||
Related Party Transaction [Line Items] | ||||
Proceeds from loan | $ 137,600 |
EQUITY (Detail Textuals)
EQUITY (Detail Textuals) | Mar. 08, 2017Director$ / sharesshares | Feb. 02, 2017USD ($)shares |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of common shares authorized a stock grant to each of three members of board of directors | 150,000 | |
Number of common stock sold to accredited investor | 40,000 | |
Value of common stock sold to accredited investor | $ | $ 20,000 | |
Shares Issued, Price Per Share | $ / shares | $ 1.75 | |
Number of members of the board of directors | Director | 3 | |
Director 1 | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of common shares authorized a stock grant to each of three members of board of directors | 50,000 | |
Director 2 | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of common shares authorized a stock grant to each of three members of board of directors | 50,000 | |
Director 3 | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of common shares authorized a stock grant to each of three members of board of directors | 50,000 |