Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 15, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | SPYR, Inc. | |
Entity Central Index Key | 0000829325 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Is Entity's Reporting Status Current? | Yes | |
Is Entity Emerging Growth Company? | false | |
Elected Not To Use the Extended Transition Period | true | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding | 200,055,131 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2019 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Current Assets: | ||
Cash and cash equivalents | $ 26,000 | $ 24,000 |
Accounts receivable, net | 24,000 | |
Prepaid expenses | 19,000 | |
Trading securities, at market value | 2,000 | |
Total Current Assets | 71,000 | |
Property and equipment, net | 85,000 | 94,000 |
Capitalized gaming assets and licensing rights, net | 121,000 | |
Intangible assets, net | 8,000 | |
Operating lease right-of-use asset | 105,000 | |
Other assets | 6,000 | |
TOTAL ASSETS | 396,000 | |
Current Liabilities: | ||
Accounts payable and accrued liabilities | 1,126,000 | |
Related party short-term advances | 534,000 | |
Related party line of credit | 1,084,000 | |
Convertible note payable, net | 491,000 | 432,000 |
Operating lease liability - Current Portion | 32,000 | |
Current liabilities of discontinued operations | 22,000 | |
Total Current Liabilities | 3,289,000 | |
Operating lease liability | 92,000 | |
Total Liabilities | 3,381,000 | |
STOCKHOLDERS' (DEFICIT) | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 2019 and December 31, 2018 | 13 | |
Common Stock, $0.0001 par value, 750,000,000 shares authorized 199,555,131 and 198,305,131 shares issued and outstanding as of March 31, 2019 and December 31, 2018 | 19,955 | |
Additional paid-in capital | 53,396,032 | |
Accumulated deficit | (56,401,000) | |
Total Stockholders' (Deficit) | (2,985,000) | (2,666,000) |
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) | 396,000 | |
Restated [Member] | ||
Current Assets: | ||
Cash and cash equivalents | 24,000 | |
Accounts receivable, net | 62,000 | |
Prepaid expenses | 21,000 | |
Trading securities, at market value | 4,000 | |
Total Current Assets | 111,000 | |
Property and equipment, net | 94,000 | |
Capitalized gaming assets and licensing rights, net | 122,000 | |
Intangible assets, net | 9,000 | |
Operating lease right-of-use asset | 110,000 | |
Other assets | 6,000 | |
TOTAL ASSETS | 452,000 | |
Current Liabilities: | ||
Accounts payable and accrued liabilities | 1,145,000 | |
Related party short-term advances | 320,000 | |
Related party line of credit | 1,068,000 | |
Convertible note payable, net | 432,000 | |
Operating lease liability - Current Portion | 39,000 | |
Current liabilities of discontinued operations | 22,000 | |
Total Current Liabilities | 3,026,000 | |
Operating lease liability | 92,000 | |
Total Liabilities | 3,118,000 | |
STOCKHOLDERS' (DEFICIT) | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 2019 and December 31, 2018 | 13 | |
Common Stock, $0.0001 par value, 750,000,000 shares authorized 199,555,131 and 198,305,131 shares issued and outstanding as of March 31, 2019 and December 31, 2018 | 19,830 | |
Additional paid-in capital | 53,265,157 | |
Accumulated deficit | (55,951,000) | |
Total Stockholders' (Deficit) | (2,666,000) | |
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) | 452,000 | |
Class A Preferred Stock [Member] | ||
STOCKHOLDERS' (DEFICIT) | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 2019 and December 31, 2018 | 11 | |
Total Stockholders' (Deficit) | 11 | 11 |
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) | 11 | |
Class A Preferred Stock [Member] | Restated [Member] | ||
STOCKHOLDERS' (DEFICIT) | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 2019 and December 31, 2018 | 11 | |
Total Stockholders' (Deficit) | 11 | |
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) | 11 | |
Class E Preferred Stock [Member] | ||
STOCKHOLDERS' (DEFICIT) | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 2019 and December 31, 2018 | 2 | |
Total Stockholders' (Deficit) | 2 | 2 |
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) | $ 2 | |
Class E Preferred Stock [Member] | Restated [Member] | ||
STOCKHOLDERS' (DEFICIT) | ||
Preferred stock, $0.0001 par value, 10,000,000 shares authorized 107,636 Class A shares issued and outstanding as of March 31, 2019 and December 31, 2018; 20,000 Class E shares issued and outstanding as of March 31, 2019 and December 31, 2018 | 2 | |
Total Stockholders' (Deficit) | 2 | |
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT) | $ 2 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares | Mar. 31, 2019 | Dec. 31, 2018 |
Preferred stock, par value per share | $ 0.0001 | |
Preferred stock, shares authorized | 10,000,000 | |
Common stock, par value per share | $ 0.0001 | |
Common stock, shares authorized | 750,000,000 | |
Common stock, shares issued | 199,555,131 | |
Common stock, shares outstanding | 199,555,131 | |
Restated [Member] | ||
Preferred stock, par value per share | $ 0.0001 | |
Preferred stock, shares authorized | 10,000,000 | |
Common stock, par value per share | $ 0.0001 | |
Common stock, shares authorized | 750,000,000 | |
Common stock, shares issued | 198,305,131 | |
Common stock, shares outstanding | 198,305,131 | |
Class A Preferred Stock [Member] | ||
Preferred stock, par value per share | $ 0.0001 | |
Preferred stock, shares authorized | 10,000,000 | |
Preferred stock, shares issued | 107,636 | |
Preferred stock, shares outstanding | 107,636 | 107,636 |
Class A Preferred Stock [Member] | Restated [Member] | ||
Preferred stock, par value per share | $ 0.0001 | |
Preferred stock, shares authorized | 10,000,000 | |
Preferred stock, shares issued | 107,636 | |
Preferred stock, shares outstanding | 107,636 | |
Class E Preferred Stock [Member] | ||
Preferred stock, par value per share | $ 0.0001 | |
Preferred stock, shares authorized | 10,000,000 | |
Preferred stock, shares issued | 20,000 | |
Preferred stock, shares outstanding | 20,000 | 20,000 |
Class E Preferred Stock [Member] | Restated [Member] | ||
Preferred stock, par value per share | $ 0.0001 | |
Preferred stock, shares authorized | 10,000,000 | |
Preferred stock, shares issued | 20,000 | |
Preferred stock, shares outstanding | 20,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Game Revenues | $ 25,000 | $ 6,000 |
Related party service revenues | 52,000 | |
Total Revenues | 77,000 | 6,000 |
Expenses | ||
Labor and related expenses | 326,000 | 886,000 |
Rent | 38,000 | 49,000 |
Depreciation and amortization | 11,000 | 29,000 |
Professional fees | 50,000 | 2,556,000 |
Research and development | 17,000 | 299,000 |
Other general and administrative | 80,000 | 105,000 |
Total Operating Expenses | 522,000 | 3,924,000 |
Operating Loss | (445,000) | (3,918,000) |
Other Expense | ||
Interest Expense | 3,000 | 20,000 |
Unrealized loss on trading securities | 2,000 | 11,000 |
Total Other Expense | (5,000) | (31,000) |
Loss from continuing operations | (450,000) | (3,949,000) |
Loss on discontinued operations | (2,000) | |
Net Loss | $ (450,000) | $ (3,951,000) |
Loss from continuing operations | ||
Basic and Diluted earnings per share | $ (0.02) | |
Loss on discontinued operations | ||
Basic and Diluted earnings per share | ||
Net Loss | ||
Basic and Diluted earnings per share | $ (0.02) | |
Weighted Average Common Shares | ||
Basic and Diluted | 199,110,687 | 186,355,488 |
Diluted | 199,110,687 | 186,355,488 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements Of Changes In Stockholders' Equity (Unaudited) - USD ($) | Class A Preferred Stock [Member] | Class E Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit [Member] | Total |
Balance preferred stock, shares at Dec. 31, 2017 | 107,636 | 20,000 | ||||
Balance common stock, shares at Dec. 31, 2017 | 181,128,950 | |||||
Balance, value at Dec. 31, 2017 | $ 11 | $ 2 | $ 18,112 | $ 46,561,875 | $ (47,209,000) | $ (629,000) |
Common stock issued to related party for cash, shares | 500,000 | |||||
Common stock issued to related party for cash, value | $ 50 | 49,950 | 50,000 | |||
Common stock issued for cash, shares | 4,200,000 | |||||
Common stock issued for cash, value | $ 420 | 554,580 | 555,000 | |||
Fair value of common stock issued for employee compensation, shares | 1,250,000 | |||||
Fair value of common stock issued for employee compensation, value | $ 125 | 624,875 | 625,000 | |||
Fair value of common stock and warrant issued for services, shares | 4,441,942 | |||||
Fair value of common stock and warrant issued for services, value | $ 444 | 1,711,556 | 1,712,000 | |||
Vesting of options and warrants granted for services | 674,000 | 674,000 | ||||
Net loss | (3,951,000) | (3,951,000) | ||||
Balance preferred stock , shares at Mar. 31, 2018 | 107,636 | 20,000 | ||||
Balance common stock, shares at Mar. 31, 2018 | 191,520,892 | |||||
Balance, value at Mar. 31, 2018 | $ 11 | $ 2 | $ 19,151 | 50,176,836 | (51,160,000) | (964,000) |
Balance preferred stock, shares at Dec. 31, 2018 | 107,636 | 20,000 | ||||
Balance common stock, shares at Dec. 31, 2018 | 198,305,131 | |||||
Balance, value at Dec. 31, 2018 | $ 11 | $ 2 | $ 19,830 | 53,265,157 | (55,951,000) | (2,666,000) |
Fair value of common stock issued for employee compensation, shares | 1,250,000 | |||||
Fair value of common stock issued for employee compensation, value | $ 125 | 130,875 | 131,000 | |||
Net loss | (450,000) | $ (450,000) | ||||
Balance preferred stock , shares at Mar. 31, 2019 | 107,636 | 20,000 | ||||
Balance common stock, shares at Mar. 31, 2019 | 199,555,131 | 199,555,131 | ||||
Balance, value at Mar. 31, 2019 | $ 11 | $ 2 | $ 19,955 | $ 53,396,032 | $ (56,401,000) | $ (2,985,000) |
Condensed Consolidated Statem_3
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 12 Months Ended | 15 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | Mar. 31, 2019 | |
Cash Flows From Operating Activities: | ||||
Net loss for the period | $ (450,000) | $ (3,951,000) | ||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Loss on discontinued operations | (2,000) | |||
Depreciation and amortization | 11,000 | 29,000 | ||
Common stock issued for employee compensation | 131,000 | |||
Common stock, options and warrants issued for services | ||||
Vesting of options and warrants granted for services | ||||
Amortization of debt discount on convertible notes payable | 53,000 | |||
Unrealized loss on trading securities | 2,000 | 11,000 | ||
Changes in operating assets and liabilities: | ||||
Decrease in accounts receivables | (38,000) | |||
Decrease in prepaid expenses | (2,000) | |||
Increase (decrease) in accounts payable and accrued liabilities | (19,000) | |||
Decrease in operating lease liability | (2,000) | |||
Increase in accrued interest on short-term advances - related party | 5,000 | |||
Increase in accrued interest on line of credit - related party | 16,000 | |||
Increase in accrued interest on convertible notes payable | 6,000 | |||
Net Cash Used in Operating Activities from Continuing Operations | (207,000) | |||
Net Cash Used in Operating Activities from Discontinued Operations | ||||
Net Cash Used in Operating Activities | (207,000) | |||
Cash Flows From Investing Activities: | ||||
Net Cash Used in Investing Activities | ||||
Cash Flows From Financing Activities: | ||||
Proceeds from sale of common stock | ||||
Proceeds from short-term advances - related party | 209,000 | |||
Proceeds from line of credit - related party | ||||
Net Cash Provided by Financing Activities | 209,000 | |||
Net Increase (Decrease) in Cash | 2,000 | |||
Cash and cash equivalents at beginning of period | 24,000 | |||
Cash and cash equivalents at end of period | 26,000 | $ 24,000 | $ 26,000 | |
Supplemental Disclosure of Interest and Income Taxes Paid: | ||||
Interest paid during the year | ||||
Income taxes paid during the year | ||||
Restated [Member] | ||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Common stock issued for employee compensation | 625,000 | |||
Common stock, options and warrants issued for services | 1,712,000 | |||
Vesting of options and warrants granted for services | 674,000 | |||
Amortization of debt discount on convertible notes payable | ||||
Changes in operating assets and liabilities: | ||||
Decrease in accounts receivables | (1,000) | |||
Decrease in prepaid expenses | (16,000) | |||
Increase (decrease) in accounts payable and accrued liabilities | 53,000 | |||
Decrease in operating lease liability | (2,000) | |||
Increase in accrued interest on short-term advances - related party | ||||
Increase in accrued interest on line of credit - related party | 14,000 | |||
Increase in accrued interest on convertible notes payable | ||||
Net Cash Used in Operating Activities from Continuing Operations | (816,000) | |||
Net Cash Used in Operating Activities from Discontinued Operations | (2,000) | |||
Net Cash Used in Operating Activities | (818,000) | |||
Cash Flows From Investing Activities: | ||||
Net Cash Used in Investing Activities | ||||
Cash Flows From Financing Activities: | ||||
Proceeds from sale of common stock | 605,000 | |||
Proceeds from short-term advances - related party | 5,000 | |||
Proceeds from line of credit - related party | 200,000 | |||
Net Cash Provided by Financing Activities | 810,000 | |||
Net Increase (Decrease) in Cash | (8,000) | |||
Cash and cash equivalents at beginning of period | $ 24,000 | 86,000 | 86,000 | $ 86,000 |
Cash and cash equivalents at end of period | 78,000 | $ 24,000 | ||
Supplemental Disclosure of Interest and Income Taxes Paid: | ||||
Interest paid during the year | ||||
Income taxes paid during the year |
Organization And Summary Of Sig
Organization And Summary Of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2019 | |
Organization And Summary Of Significant Accounting Policies | |
Organization and Summary of Significant Accounting Policies | NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Financial Statements The accompanying condensed consolidated financial statements are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 filed with the SEC. The condensed consolidated balance sheet as of December 31, 2018 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to fairly present the Company's financial position and results of operations for the interim periods reflected. Except as noted, all adjustments contained herein are of a normal recurring nature. Results of operations for the fiscal periods presented herein are not necessarily indicative of fiscal year-end results. Organization The Company was incorporated as Conceptualistics, Inc. on January 6, 1988 in Delaware. Subsequent to its incorporation, the Company changed its name to Eat at Joe’s, Ltd. In February 2015, the Company changed its name to SPYR, Inc. and adopted a new ticker symbol “SPYR” effective March 12, 2015. Nature of Business The primary focus of SPYR, Inc. (the “Company”) is to act as a holding company and develop a portfolio of profitable subsidiaries, not limited by any particular industry or business. Through our wholly owned subsidiaries, SPYR APPS, LLC we operate our mobile games and applications business. The focus of the SPYR APPS subsidiary is the development and publication of electronic games that are downloaded for free by users of mobile devices such as cellular telephones and tablets, including those using Apple’s iOS and Google’s Android mobile operating systems. Through our other wholly owned subsidiary, E.A.J.: PHL Airport, Inc., we owned and operated the restaurant “Eat at Joe’s®,” which was located in the Philadelphia International Airport since 1997. Our lease in the Philadelphia Airport expired in April 2017. Concurrent with expiration of the lease the restaurant closed. Pursuant to current accounting guidelines, the assets and liabilities of EAJ as well as the results of its operations were presented in these financial statements as discontinued operations. Principles of Consolidation The consolidated financial statements include the accounts of SPYR, Inc. and its wholly-owned subsidiaries, SPYR APPS, LLC, a Nevada Limited Liability Company, E.A.J.: PHL, Airport Inc., a Pennsylvania corporation (discontinued operations, see Note 7), and Branded Foods Concepts, Inc., a Nevada corporation. Intercompany accounts and transactions have been eliminated. Going Concern The accompanying financial statements have been prepared under the assumption that the Company will continue as a going concern. Such assumption contemplates the realization of assets and satisfaction of liabilities in the normal course of business, however, the issues described below raise substantial doubt about the Company’s ability to do so. As shown in the accompanying financial statements, for the three months ended March 31, 2019, the Company recorded a net loss from continuing operations of $450,000 and utilized cash in continuing operations of $207,000. As of March 31, 2019, our cash balance was $26,000 and we had trading securities of $2,000. These issues raise substantial doubt about the Company’s ability to continue as a going concern. The Company plans to expand its mobile games and application development and publishing activities, such as Pocket Starships and Steven Universe Historically, we have financed our operations primarily through private sales of our trading securities, through sales of our common stock, and through related party loans. If our sales goals for our products do not materialize as planned, we believe that the Company can reduce its operating and product development costs that would allow us to maintain sufficient cash levels to continue operations. However, if we are not able to achieve profitable operations at some point in the future, we may have insufficient working capital to maintain our operations as we presently intend to conduct them or to fund our expansion, marketing, and product development plans. The ability of the Company to continue as a going concern is dependent upon the success of future capital offerings or alternative financing arrangements and expansion of its operations. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management is actively pursuing additional sources of financing sufficient to generate enough cash flow to fund its operations through the next twelve months. However, management cannot make any assurances that such financing will be secured. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions used by management affected impairment analysis for trading securities, fixed assets, intangible assets, capitalized licensing rights, amounts of potential liabilities, and valuation of issuance of equity securities. Actual results could differ from those estimates. Earnings (Loss) Per Share The basic and fully diluted shares for the three months ended March 31, 2019 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 1,588,310, Options – 12,449,900, Warrants – 9,000,000) would have had an anti-dilutive effect due to the Company generating a loss for the three months ended March 31, 2019. The basic and fully diluted shares for the three months ended March 31, 2018 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 253,678, Options – 13,740,000, Warrants – 3,600,000) would have had an anti-dilutive effect due to the Company generating a loss for the three months ended March 31, 2018. Capitalized Gaming Assets and Licensing Rights During the three months ended March 31, 2019 and 2018, the Company recorded amortization expense of $1,000 and $18,000, respectively. As of March 31, 2019 and December 31, 2018, the accumulated amortization was $3,000 and $2,000, respectively and the unamortized capitalized gaming assets and licensing rights amounted to $121,000 and $122,000 respectively. Software Development Costs Costs incurred for software development are expensed as incurred. During the three months ended March 31, 2019 and 2018, the Company incurred $17,000 and $299,000 in software development costs paid to independent gaming software developers. Revenue Recognition We account for revenue in accordance with ASC 606 We determine revenue recognition by: (1) identifying the contract, or contracts, with our customer; (2) identifying the performance obligations in the contract; (3) determining the transaction price; (4) allocating the transaction price to performance obligations in the contract; and (5) recognizing revenue when, or as, we satisfy performance obligations by transferring the promised goods or services. Recent Accounting Standards In February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-02, Leases In June 2018, the FASB issued ASU 2018-07, “Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting”, which expands the scope of Topic 718 to include all share-based payment transactions for acquiring goods and services from nonemployees. ASU 2018-07 specifies that Topic 718 applies to all share-based payment transactions in which the grantor acquires goods and services to be used or consumed in its own operations by issuing share-based payment awards. ASU 2018-07 also clarifies that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under ASC 606. The amendments in ASU 2018-07 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted this guidance effective January 1, 2019, and it did not have any impact on the Company’s consolidated financial statements. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements. |
Property And Equipment
Property And Equipment | 3 Months Ended |
Mar. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment | NOTE 2 – PROPERTY AND EQUIPMENT Property and equipment consisted of the following: March 31, December 31, Equipment $ 28,000 $ 28,000 Furniture & fixtures 112,000 112,000 Leasehold improvements 107,000 107,000 247,000 247,000 Less: accumulated depreciation and amortization (162,000 ) (153,000 ) Property and Equipment, Net $ 85,000 $ 94,000 Depreciation expense for the three months ended March 31, 2019 and 2018 was $9,000 and $11,000, respectively. |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Related Party Transactions | NOTE 3 - RELATED PARTY TRANSACTIONS During 2017, the Company obtained a revolving line of credit from Berkshire Capital Management Co., Inc. Berkshire is controlled by Joseph Fiore, majority shareholder and former chairman of the board of directors of the Company. The line of credit allows the Company to borrow up to $1,000,000 with interest at 6% per annum. The loan is secured by a first lien on all the assets of the Company and its wholly owned subsidiary SPYR APPS, LLC. Repayment on the loan is due July 1, 2019. As of March 31, 2019, the Company has borrowed $1,000,000 and accrued interest of $84,000. During the three months ended March 2018, the Company issued 500,000 shares of restricted common stock to the father of an executive officer of the Company for cash of $50,000. During 2018 the Company received $313,000 in the form of short-term advances from Berkshire Capital Management Co., Inc. The short-term advances are due upon demand. During the three months ended March 31, 2019, the Company received an additional $209,000 in short-term advances. As of March 31, 2019, the Company has received a total of $522,000 in short-term advances and accrued interest of $12,000. During the three months ended March 31, 2019, the Company, received $52,000 in revenue for professional services rendered to a related Limited Liability Company whose mangers are also officers of SPYR, Inc. and whose majority owner is Berkshire Capital Management Co., Inc. |
Convertible Notes
Convertible Notes | 3 Months Ended |
Mar. 31, 2019 | |
Debt Disclosure [Abstract] | |
Convertible Notes | NOTE 4 – CONVERTIBLE NOTES On April 20, 2018, (modified May 22, 2018) the Company issued a $165,000 (originally $158,000) convertible note with original issue discount (OID) of $15,000 and bearing interest at 8% per annum. The amended maturity date of the note is June 1, 2019 and was convertible on or after October 17, 2018 into the Company’s restricted common stock at $0.20 per share at the holder’s request. The OID is recorded as a discount to the debt agreement. The Company has determined the note to contain a beneficial conversion feature valued as $104,000 based on the intrinsic per share value of the conversion feature. This beneficial conversion feature is recorded as a discount to the debt agreement. The noteholder was also granted detachable 3-year warrants to purchase 200,000 shares of the company’s restricted common stock at an exercise price of $0.375 per share, 200,000 shares of the company’s restricted common stock at an exercise price of $0.50 per share, and 100,000 shares of the company’s restricted common stock at an exercise price of $0.625 per share. The warrants were valued at $126,000 using the Black-Scholes pricing model and were recorded as a discount to the debt agreement. The noteholder was also issued 116,000 shares of the company’s restricted common stock valued at $34,000 based upon the closing price of the Company stock on the date of the modified agreement and recorded as a discount to the debt agreement. During the year ended December 31, 2018 the Company has accrued interest for this note in the amount of $9,000. During the three months ended March 31, 2019 the Company has accrued interest for this note in the amount of $4,000. At March 31, 2019, the principal balance together with total accrued interest is recorded on the Company’s consolidated balance sheet net of discounts at $169,000. On May 10, 2019, the Company amended the note to extend the due dates to June 1, 2019, provide for a partial conversion of $25,000 of the outstanding principal balance into common shares of the Company at a conversion price of $0.10 per share for a total of 250,000 shares, and waive any prior alleged or actual defaults under the note. On May 22, 2018, the Company issued a $275,000 convertible note with original issue discount (OID) of $25,000 and bearing a one-time interest charge at 8%. The amended maturity date of the note is June 1, 2019 and is convertible into the Company’s restricted common stock at $0.25 per share at the holder’s request. The OID is recorded as a discount to the debt agreement. The Company has determined the note to contain a beneficial conversion feature valued as $40,000 based on the intrinsic per share value of the conversion feature. This beneficial conversion feature is recorded as a discount to the debt agreement. The noteholder was also granted detachable 5-year warrants to purchase 500,000 shares of the company’s restricted common stock at an exercise price of $2.00 per share. The warrants were valued at $45,000 using the Black-Scholes pricing model and were recorded as a discount to the debt agreement. The noteholder was also issued 200,000 shares of the company’s restricted common stock valued at $58,000 based upon the closing price of the Company stock on the date of the agreement and recorded as a discount to the debt agreement. At March 31, 2019, the principal balance together with total accrued interest of $22,000 and liquidated damages of $25,000 is recorded on the Company’s consolidated balance sheet net of discounts at $322,000. On May 10, 2019, the Company amended the note to extend the due dates to June 1, 2019, provide for a partial conversion of $25,000 of the outstanding principal balance into common shares of the Company at a conversion price of $0.10 per share for a total of 250,000 shares, and waive any prior alleged or actual defaults under the note. The following table summarized the Company's convertible notes payable as of March 31, 2019 and December 31, 2018: March 31, December 31, Beginning Balance $ 432,000 $ — Proceeds from the issuance of convertible notes, net of issuance discounts — 137,000 Repayments — — Conversion of notes payable into common stock — — Amortization of discounts 53,000 241,000 Liquidated damages — 25,000 Accrued Interest 6,000 29,000 Ending Balance $ 491,000 $ 432,000 Convertible notes, short term $ 440,000 $ 440,000 Debt discounts $ 9,000 $ 62,000 |
Commitments And Contingencies
Commitments And Contingencies | 3 Months Ended |
Mar. 31, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | NOTE 5 – COMMITMENTS AND CONTINGENCIES Operating Leases The Company leases approximately 5,169 square feet at 4643 South Ulster Street, Denver, Colorado pursuant to an amended lease dated May 21, 2015 and expiring on December 31, 2020. Under the lease, the Company pays annual base rent on an escalating scale ranging from $143,000 to $152,000. The Company adopted ASC 842 for this lease using a modified retrospective transition approach as of the beginning of the January 2018. As a result of the adoption, prior periods have been restated to include the recorded operating right-of-use asset and operating lease liability in the accompanying condensed consolidated balance sheets as December 31, 2018 and the decrease in operating lease liability in the accompanying condensed consolidated statements of cash flows for the three months ended March 31, 2018. Legal Proceedings We are involved in certain legal proceedings that arise from time to time in the ordinary course of our business. Except for income tax contingencies, we record accruals for contingencies to the extent that our management concludes that the occurrence is probable and that the related amounts of loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. A material legal proceeding that is currently pending is as follows: On June 18, 2018 the Company was named as a defendant in a case filed in the United States District Court for the Southern District of New York: Securities and Exchange Commission vs. Joseph A. Fiore, Berkshire Capital Management Co., Inc., and Eat at Joe’s, Ltd. n/k/a SPYR, Inc. Joseph A. Fiore was the Chairman of our Board of Directors and is a significant shareholder. Mr. Fiore resigned from his positions as Chairman of the Board and as a Director of the Company effective August 1, 2018. The suit alleges that Mr. Fiore, during 2013 and 2014, while he was the Company’s Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors, engaged in improper conduct on behalf of the defendants named in the case related to the Company’s sales of securities in Plandai Biotechnology, Inc. The Commission alleges that Mr. Fiore and the Company unlawfully benefited through the sales of those securities. The Commission also alleges that from 2013 to 2014, the Company’s primary business was investing and that it failed to register as an investment company, resulting in an alleged violation of Section 7(a) of the Investment Company Act of 1940. The suit seeks to disgorge Joseph A. Fiore, Berkshire Capital Management Co., Inc., and the Company of alleged profits on the sale of the securities and civil fines related to the Company’s failure to register as an investment company with the Commission. The Company vehemently denies any wrongdoing. The allegations demonstrate a fundamental misunderstanding of existing precedent and a mischaracterization of the facts and transactions at issue, which were not violative of any securities laws, rules or regulations. Based upon available information at this very early stage of litigation, management believes that the Company will obtain a favorable ruling. Accordingly, Management believes the likelihood of material loss resulting from this lawsuit to be remote. On November 2, 2018, counsel for Defendants filed a joint motion to dismiss the SEC’s suit in its entirety, primarily on the basis that the SEC’s complaint fails to allege facts sufficient to state viable causes of action. All three defendants assert that the SEC has failed to satisfy its heightened pleadings requirement for stating viable claims for market manipulation. All three Defendants also sought dismissal based upon the expiration of the applicable statute of limitations and based upon the SEC’s alleged failure to file suit within the statutory deadline for doing so as codified under the Dodd-Frank Act of 2010. This failure, Defendants argue, deprives the SEC of jurisdiction to pursue its claims against all Defendants. In addition to the foregoing, the Company further moved for dismissal of the alleged Section 7(a) Investment Company Act violation based upon the SEC’s failure to establish that the Company fit the statutory definition of an Investment Company, as that term is defined under the Investment Company Act; i.e., the Company met one of the statutory exceptions to what is and is not an Investment Company for purposes of having to register as such under the Act. The Company cannot accurately estimate when it expects a decision on its motion to dismiss, as it has been fully briefed and pending for more than four months, but expects a ruling within the next several months. The Company is being represented by Alex Spiro, Esq., a partner with the firm of Quinn Emmanuel, Urquhart & Sullivan, LLP and Marc S. Gottlieb, Esq., a partner with the firm of Ortoli Rosenstadt LLP. |
Equity Transactions
Equity Transactions | 3 Months Ended |
Mar. 31, 2019 | |
Equity [Abstract] | |
Equity Transactions | NOTE 6 – EQUITY TRANSACTIONS Common Stock: Three Months Ended March 31, 2018 During the three months ended March 31, 2018, the Company issued 500,000 shares of restricted common stock to the father of an executive officer of the Company for cash of $50,000. During the three months ended March 31, 2018, the Company issued an aggregate of 4,200,000 shares of restricted common stock to third parties for cash of $555,000. During the three months ended March 31, 2018, the Company issued an aggregate of 1,250,000 shares of restricted common stock to employees with a total fair value of $625,000 for services rendered. The shares issued are non-refundable and deemed earned upon issuance. As a result, the Company expensed the entire $625,000 upon issuance. The shares issued were valued at the date earned under the respective agreement based upon closing market price of the Company’s common stock. During the three months ended March 31, 2018, the Company issued an aggregate of 4,441,942 shares of restricted common stock to consultants with a total fair value of $1,712,000. The shares issued are non-refundable and deemed earned upon issuance. As a result, the Company expensed the entire $1,712,000 upon issuance. The shares issued were valued at the date earned under the respective agreements based upon closing market price of the Company’s common stock. Three Months Ended March 31, 2019 During the three months ended March 31, 2019, the Company issued an aggregate of 1,250,000 shares of restricted common stock to employees with a total fair value of $131,000 for services rendered. The shares issued are non-refundable and deemed earned upon issuance. As a result, the Company expensed the entire $131,000 upon issuance. The shares issued were valued at the date earned under the respective agreement based upon closing market price of the Company’s common stock. Options: The following table summarizes common stock options activity: Weighted Average Exercise Options Price December 31, 2018 12,449,900 $ 1.64 Granted — — Exercised — — Forfeited — — Outstanding, March 31, 2019 12,449,900 $ 1.64 Exercisable, March 31, 2019 12,449,900 $ 1.64 The weighted average exercise prices, remaining lives for options granted, and exercisable as of March 31, 2019 were as follows: Outstanding Options Exercisable Options Options Weighted Weighted Exercise Price Life Average Exercise Average Exercise Per Share Shares (Years) Price Shares Price $0.50 8,000,000 1.42 $0.50 8,000,000 $0.50 $1.00 1,449,900 0.57 – 2.86 $1.00 1,449,900 $1.00 $5.00 3,000,000 0.75 $5.00 3,000,000 $5.00 12,449,900 $1.64 12,449,900 $1.64 At March 31, 2019, the Company’s closing stock price was $0.07 per share. As all outstanding options had an exercise price greater than $0.07 per share, there was no intrinsic value of the options outstanding at March 31, 2019. Warrants: The following table summarizes common stock warrants activity: Weighted Average Exercise Warrants Price Outstanding, December 31, 2018 9,000,000 $ 0.46 Granted — — Exercised — — Forfeited — — Outstanding, March 31, 2019 9,000,000 $ 0.46 Exercisable, March 31, 2019 9,000,000 $ 0.46 The weighted average exercise prices, remaining lives for warrants granted, and exercisable as of March 31, 2019, were as follows: Outstanding and Exercisable Warrants Warrants Exercise Price Life Per Share Shares (Years) $0.01 600,000 1.76 $0.15 1,200,000 1.79 $0.25 1,000,000 4.28 $0.375 200,000 2.06 $0.40 1,200,000 1.79 $0.50 3,000,000 0.65 – 4.35 $0.625 100,000 2.06 $0.75 1,250,000 2.23 – 4.35 $1.00 250,000 2.16 $2.00 200,000 4.15 9,000,000 At March 31, 2019, the Company’s closing stock price was $0.07 per share. The Company had 600,000 warrants outstanding with exercise prices less than $0.07 with an intrinsic value of $36,000 at March 31, 2019. Shares Reserved: At March 31, 2019, the Company has reserved 30,000,000 shares of common stock in connection with 2 convertible notes with detachable warrants and 3,500,000 shares of common stock in connection with the court approves settlement agreement for a total of 33,500,000 reserved shares of common stock. |
Discontinued Operations
Discontinued Operations | 3 Months Ended |
Mar. 31, 2019 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Discontinued Operations | NOTE 7 – DISCONTINUED OPERATIONS Restaurant Through our other wholly owned subsidiary, E.A.J.: PHL Airport, Inc., we owned and operated the restaurant “Eat at Joe’s®,” which was located in the Philadelphia International Airport since 1997. Our lease in the Philadelphia Airport expired in April 2017. Concurrent with expiration of the lease the restaurant closed. Pursuant to current accounting guidelines, the restaurant segment is reported as discontinued operations. The following table summarizes the assets and liabilities of our discontinued restaurant segment's discontinued operations as of March 31, 2019 and December 31, 2018: March 31, December 31, Assets: Total Assets $ — $ — Liabilities: Accounts payable and accrued liabilities $ 22,000 $ 22,000 Total Liabilities $ 22,000 $ 22,000 The following table summarizes the results of operations of our discontinued restaurant for the three months ended March 31, 2019 and 2018 and is included in the consolidated statements of operations as discontinued operations: For the Three Months Ended March 31, 2019 2018 Revenues $ — $ — Cost of sales — — Gross Margin — — Expenses Labor and related expenses — — Rent — 1,000 Depreciation and amortization — — Professional fees — — Other general and administrative — 1,000 Total Operating Expenses — 2,000 Operating Income (Loss) — (2,000 ) Other Income (Expense) Loss on disposal of assets — — Income (Loss) on discontinued operations $ — $ (2,000 ) |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Subsequent Events | NOTE 8 – SUBSEQUENT EVENTS Subsequent to March 31, 2019, the Company received $145,000 in the form of short-term advances from Berkshire Capital Management Co., Inc. The short-term advances are due upon demand. On May 10, 2019, the Company amended two convertible promissory notes to extend the due dates to June 1, 2019, provide for a partial conversion of $50,000 ($25,000 per note) of the outstanding principal balances into common shares of the Company at a conversion price of $0.10 per share for a total of 500,000 shares (250,000 per note), and waive any prior alleged or actual defaults under the notes. |
Organization And Summary Of S_2
Organization And Summary Of Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Disclosure Organization And Summary Of Significant Accounting Policies Policies Abstract | |
Interim Financial Statements | Interim Financial Statements The accompanying condensed consolidated financial statements are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 filed with the SEC. The condensed consolidated balance sheet as of December 31, 2018 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. In the opinion of management, the accompanying unaudited condensed consolidated financial statements contain all adjustments necessary to fairly present the Company's financial position and results of operations for the interim periods reflected. Except as noted, all adjustments contained herein are of a normal recurring nature. Results of operations for the fiscal periods presented herein are not necessarily indicative of fiscal year-end results. |
Organization | Organization The Company was incorporated as Conceptualistics, Inc. on January 6, 1988 in Delaware. Subsequent to its incorporation, the Company changed its name to Eat at Joe’s, Ltd. In February 2015, the Company changed its name to SPYR, Inc. and adopted a new ticker symbol “SPYR” effective March 12, 2015. |
Nature of Business | Nature of Business The primary focus of SPYR, Inc. (the “Company”) is to act as a holding company and develop a portfolio of profitable subsidiaries, not limited by any particular industry or business. Through our wholly owned subsidiaries, SPYR APPS, LLC we operate our mobile games and applications business. The focus of the SPYR APPS subsidiary is the development and publication of electronic games that are downloaded for free by users of mobile devices such as cellular telephones and tablets, including those using Apple’s iOS and Google’s Android mobile operating systems. Through our other wholly owned subsidiary, E.A.J.: PHL Airport, Inc., we owned and operated the restaurant “Eat at Joe’s®,” which was located in the Philadelphia International Airport since 1997. Our lease in the Philadelphia Airport expired in April 2017. Concurrent with expiration of the lease the restaurant closed. Pursuant to current accounting guidelines, the assets and liabilities of EAJ as well as the results of its operations were presented in these financial statements as discontinued operations. |
Principles of Consolidation | Principles of Consolidation The consolidated financial statements include the accounts of SPYR, Inc. and its wholly-owned subsidiaries, SPYR APPS, LLC, a Nevada Limited Liability Company, E.A.J.: PHL, Airport Inc., a Pennsylvania corporation (discontinued operations, see Note 7), and Branded Foods Concepts, Inc., a Nevada corporation. Intercompany accounts and transactions have been eliminated. |
Going Concern | Going Concern The accompanying financial statements have been prepared under the assumption that the Company will continue as a going concern. Such assumption contemplates the realization of assets and satisfaction of liabilities in the normal course of business, however, the issues described below raise substantial doubt about the Company’s ability to do so. As shown in the accompanying financial statements, for the three months ended March 31, 2019, the Company recorded a net loss from continuing operations of $450,000 and utilized cash in continuing operations of $207,000. As of March 31, 2019, our cash balance was $26,000 and we had trading securities of $2,000. These issues raise substantial doubt about the Company’s ability to continue as a going concern. The Company plans to expand its mobile games and application development and publishing activities, such as Pocket Starships and Steven Universe Historically, we have financed our operations primarily through private sales of our trading securities, through sales of our common stock, and through related party loans. If our sales goals for our products do not materialize as planned, we believe that the Company can reduce its operating and product development costs that would allow us to maintain sufficient cash levels to continue operations. However, if we are not able to achieve profitable operations at some point in the future, we may have insufficient working capital to maintain our operations as we presently intend to conduct them or to fund our expansion, marketing, and product development plans. The ability of the Company to continue as a going concern is dependent upon the success of future capital offerings or alternative financing arrangements and expansion of its operations. The accompanying financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. Management is actively pursuing additional sources of financing sufficient to generate enough cash flow to fund its operations through the next twelve months. However, management cannot make any assurances that such financing will be secured. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates and assumptions used by management affected impairment analysis for trading securities, fixed assets, intangible assets, capitalized licensing rights, amounts of potential liabilities, and valuation of issuance of equity securities. Actual results could differ from those estimates. |
Earnings (Loss) Per Share | Earnings (Loss) Per Share The basic and fully diluted shares for the three months ended March 31, 2019 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 1,588,310, Options – 12,449,900, Warrants – 9,000,000) would have had an anti-dilutive effect due to the Company generating a loss for the three months ended March 31, 2019. The basic and fully diluted shares for the three months ended March 31, 2018 are the same because the inclusion of the potential shares (Class A – 26,909,028, Class E – 253,678, Options – 13,740,000, Warrants – 3,600,000) would have had an anti-dilutive effect due to the Company generating a loss for the three months ended March 31, 2018. |
Capitalized Gaming Assets and Licensing Rights | Capitalized Gaming Assets and Licensing Rights During the three months ended March 31, 2019 and 2018, the Company recorded amortization expense of $1,000 and $18,000, respectively. As of March 31, 2019 and December 31, 2018, the accumulated amortization was $3,000 and $2,000, respectively and the unamortized capitalized gaming assets and licensing rights amounted to $121,000 and $122,000 respectively. |
Software Development Costs | Software Development Costs Costs incurred for software development are expensed as incurred. During the three months ended March 31, 2019 and 2018, the Company incurred $17,000 and $299,000 in software development costs paid to independent gaming software developers. |
Revenue Recognition | Revenue Recognition We account for revenue in accordance with ASC 606 We determine revenue recognition by: (1) identifying the contract, or contracts, with our customer; (2) identifying the performance obligations in the contract; (3) determining the transaction price; (4) allocating the transaction price to performance obligations in the contract; and (5) recognizing revenue when, or as, we satisfy performance obligations by transferring the promised goods or services. |
Recent Accounting Standards | Recent Accounting Standards In February 2016, the FASB issued Accounting Standards Update (ASU) No. 2016-02, Leases In June 2018, the FASB issued ASU 2018-07, “Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting”, which expands the scope of Topic 718 to include all share-based payment transactions for acquiring goods and services from nonemployees. ASU 2018-07 specifies that Topic 718 applies to all share-based payment transactions in which the grantor acquires goods and services to be used or consumed in its own operations by issuing share-based payment awards. ASU 2018-07 also clarifies that Topic 718 does not apply to share-based payments used to effectively provide (1) financing to the issuer or (2) awards granted in conjunction with selling goods or services to customers as part of a contract accounted for under ASC 606. The amendments in ASU 2018-07 are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted this guidance effective January 1, 2019, and it did not have any impact on the Company’s consolidated financial statements. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements. |
Property And Equipment (Tables)
Property And Equipment (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Property, Plant and Equipment [Abstract] | |
Schedule of Property and Equipment | Property and equipment consisted of the following: March 31, December 31, Equipment $ 28,000 $ 28,000 Furniture & fixtures 112,000 112,000 Leasehold improvements 107,000 107,000 247,000 247,000 Less: accumulated depreciation and amortization (162,000 ) (153,000 ) Property and Equipment, Net $ 85,000 $ 94,000 |
Convertible Notes (Tables)
Convertible Notes (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Disclosure Convertible Notes Narrative Details Abstract | |
Summary of Convertible Notes Payable | The following table summarized the Company's convertible notes payable as of March 31, 2019 and December 31, 2018: March 31, December 31, Beginning Balance $ 432,000 $ — Proceeds from the issuance of convertible notes, net of issuance discounts — 137,000 Repayments — — Conversion of notes payable into common stock — — Amortization of discounts 53,000 241,000 Liquidated damages — 25,000 Accrued Interest 6,000 29,000 Ending Balance $ 491,000 $ 432,000 Convertible notes, short term $ 440,000 $ 440,000 Debt discounts $ 9,000 $ 62,000 |
Equity Transactions (Tables)
Equity Transactions (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Disclosure Common Stock Transactions Tables Abstract | |
Summary of Common Stock Options Activity | The following table summarizes common stock options activity: Weighted Average Exercise Options Price December 31, 2018 12,449,900 $ 1.64 Granted — — Exercised — — Forfeited — — Outstanding, March 31, 2019 12,449,900 $ 1.64 Exercisable, March 31, 2019 12,449,900 $ 1.64 |
Schedule of Weighted Average Excerise Price Range of Options | The weighted average exercise prices, remaining lives for options granted, and exercisable as of March 31, 2019 were as follows: Outstanding Options Exercisable Options Options Weighted Weighted Exercise Price Life Average Exercise Average Exercise Per Share Shares (Years) Price Shares Price $0.50 8,000,000 1.42 $0.50 8,000,000 $0.50 $1.00 1,449,900 0.57 – 2.86 $1.00 1,449,900 $1.00 $5.00 3,000,000 0.75 $5.00 3,000,000 $5.00 12,449,900 $1.64 12,449,900 $1.64 |
Summary of Common Stock Warrants Activity | The following table summarizes common stock warrants activity: Weighted Average Exercise Warrants Price Outstanding, December 31, 2018 9,000,000 $ 0.46 Granted — — Exercised — — Forfeited — — Outstanding, March 31, 2019 9,000,000 $ 0.46 Exercisable, March 31, 2019 9,000,000 $ 0.46 |
Schedule of Weighted Average Excerise Price Range of Warrants | The weighted average exercise prices, remaining lives for warrants granted, and exercisable as of March 31, 2019, were as follows: Outstanding and Exercisable Warrants Warrants Exercise Price Life Per Share Shares (Years) $0.01 600,000 1.76 $0.15 1,200,000 1.79 $0.25 1,000,000 4.28 $0.375 200,000 2.06 $0.40 1,200,000 1.79 $0.50 3,000,000 0.65 – 4.35 $0.625 100,000 2.06 $0.75 1,250,000 2.23 – 4.35 $1.00 250,000 2.16 $2.00 200,000 4.15 9,000,000 |
Discontinued Operations (Tables
Discontinued Operations (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Disclosure Discontinued Operations Tables Abstract | |
Summary of Assets and Liabilities and Results of Operations of Discontinued Operations | The following table summarizes the assets and liabilities of our discontinued restaurant segment's discontinued operations as of March 31, 2019 and December 31, 2018: March 31, December 31, Assets: Total Assets $ — $ — Liabilities: Accounts payable and accrued liabilities $ 22,000 $ 22,000 Total Liabilities $ 22,000 $ 22,000 The following table summarizes the results of operations of our discontinued restaurant for the three months ended March 31, 2019 and 2018 and is included in the consolidated statements of operations as discontinued operations: For the Three Months Ended March 31, 2019 2018 Revenues $ — $ — Cost of sales — — Gross Margin — — Expenses Labor and related expenses — — Rent — 1,000 Depreciation and amortization — — Professional fees — — Other general and administrative — 1,000 Total Operating Expenses — 2,000 Operating Income (Loss) — (2,000 ) Other Income (Expense) Loss on disposal of assets — — Income (Loss) on discontinued operations $ — $ (2,000 ) |
Property And Equipment (Details
Property And Equipment (Details) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Property And Equipment | ||
Equipment | $ 28,000 | $ 28,000 |
Furniture and fixtures | 112,000 | 112,000 |
Leasehold improvements | 107,000 | 107,000 |
Property and Equipment, Gross | 247,000 | 247,000 |
Less: accumulated depreciation and amortization | 162,000 | 153,000 |
Property and Equipment, Net | $ 85,000 | $ 94,000 |
Convertible Notes (Details)
Convertible Notes (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Short-term Debt [Line Items] | ||
Beginning Balance | $ 432,000 | |
Proceeds from the issuance of convertible notes, net of issuance discounts | ||
Repayments | ||
Conversion of notes payable into common stock | ||
Amortization of discounts | 53,000 | |
Liquidated damages | ||
Accrued Interest | 6,000 | |
Ending Balance | 491,000 | $ 432,000 |
Convertible notes, short term | 440,000 | |
Debt discounts | 9,000 | |
Convertible Notes Payable [Member] | ||
Short-term Debt [Line Items] | ||
Beginning Balance | $ 432,000 | |
Proceeds from the issuance of convertible notes, net of issuance discounts | 137,000 | |
Repayments | ||
Conversion of notes payable into common stock | ||
Amortization of discounts | 241,000 | |
Liquidated damages | 25,000 | |
Accrued Interest | 29,000 | |
Ending Balance | 432,000 | |
Convertible notes, short term | 440,000 | |
Debt discounts | $ 62,000 |
Commitments And Contingencies (
Commitments And Contingencies (Details) | Dec. 31, 2018USD ($) |
Year Ended December 31, | |
2019 | $ 150,000 |
2020 | 152,000 |
2021 | |
2022 | |
2023 | |
Thereafter | |
Total Five Year Minimum Lease Payments | $ 302,000 |
Equity Transactions (Summary Of
Equity Transactions (Summary Of Common Stock Options Activity) (Details) | 3 Months Ended |
Mar. 31, 2019$ / sharesshares | |
Options | |
December 31, 2018 | shares | 12,449,900 |
Granted | shares | |
Exercised | shares | |
Forfeited | shares | |
Outstanding, March 31, 2019 | shares | 12,449,900 |
Exercisable, March 31, 2019 | shares | 12,449,900 |
Weighted Average Exercise Price | |
December 31, 2018 | $ / shares | $ 1.64 |
Granted | $ / shares | |
Exercised | $ / shares | |
Forfeited | $ / shares | |
Outstanding, March 31, 2019 | $ / shares | 1.64 |
Exercisable, March 31, 2019 | $ / shares | $ 1.64 |
Equity Transactions (Schedule O
Equity Transactions (Schedule Of Weighted Average Excerise Price Range Of Options) (Details) | 3 Months Ended |
Mar. 31, 2019$ / sharesshares | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Shares | shares | 12,449,900 |
Outstanding Options, Weighted Average Exercise Price | $ / shares | $ 1.64 |
Exercisable Options, Shares | shares | 12,449,900 |
Exercisable Options, Weighted Average Exercise Price | $ / shares | $ 1.64 |
Stock Options [Member] | Exercise Price Per Share $0.50 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Shares | shares | 8,000,000 |
Outstanding Options, Life (Years) | 1 year 5 months 1 day |
Outstanding Options, Weighted Average Exercise Price | $ / shares | $ 0.50 |
Exercisable Options, Shares | shares | 8,000,000 |
Exercisable Options, Weighted Average Exercise Price | $ / shares | $ 0.50 |
Stock Options [Member] | Exercise Price Per Share $1.00 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Shares | shares | 1,449,900 |
Outstanding Options, Weighted Average Exercise Price | $ / shares | $ 1 |
Exercisable Options, Shares | shares | 1,449,900 |
Exercisable Options, Weighted Average Exercise Price | $ / shares | $ 1 |
Stock Options [Member] | Exercise Price Per Share $1.00 [Member] | Minimum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Life (Years) | 6 months 25 days |
Stock Options [Member] | Exercise Price Per Share $1.00 [Member] | Maximum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Life (Years) | 2 years 10 months 10 days |
Stock Options [Member] | Exercise Price Per Share $5.00 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding Options, Shares | shares | 3,000,000 |
Outstanding Options, Life (Years) | 9 months |
Outstanding Options, Weighted Average Exercise Price | $ / shares | $ 5 |
Exercisable Options, Shares | shares | 3,000,000 |
Exercisable Options, Weighted Average Exercise Price | $ / shares | $ 5 |
Equity Transactions (Summary _2
Equity Transactions (Summary Of Common Stock Warrants Activity) (Details) - Warrants [Member] | 3 Months Ended |
Mar. 31, 2019$ / sharesshares | |
Warrants | |
Outstanding, December 31, 2018 | shares | 9,000,000 |
Granted | shares | |
Exercised | shares | |
Forfeited | shares | |
Outstanding, March 31, 2019 | shares | 9,000,000 |
Exercisable, March 31, 2019 | shares | 9,000,000 |
Weighted Average Exercise Price | |
Outstanding, December 31, 2018 | $ / shares | $ 0.46 |
Granted | $ / shares | |
Exercised | $ / shares | |
Forfeited | $ / shares | |
Outstanding, March 31, 2019 | $ / shares | 0.46 |
Exercisable, March 31, 2019 | $ / shares | $ 0.46 |
Equity Transactions (Schedule_2
Equity Transactions (Schedule Of Weighted Average Excerise Price Range Of Warrants) (Details) | 3 Months Ended |
Mar. 31, 2019$ / sharesshares | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 12,449,900 |
Warrants [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 9,000,000 |
Warrants [Member] | Exercise Price Per Share $0.01 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 600,000 |
Outstanding and Exercisable Warrants, Life (Years) | 1 year 9 months 4 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.01 |
Warrants [Member] | Exercise Price Per Share $0.15 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 1,200,000 |
Outstanding and Exercisable Warrants, Life (Years) | 1 year 9 months 14 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.15 |
Warrants [Member] | Exercise Price Per Share $0.25 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 1,000,000 |
Outstanding and Exercisable Warrants, Life (Years) | 4 years 3 months 11 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.25 |
Warrants [Member] | Exercise Price Per Share $0.375 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 200,000 |
Outstanding and Exercisable Warrants, Life (Years) | 2 years 22 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.375 |
Warrants [Member] | Exercise Price Per Share $0.40 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 1,200,000 |
Outstanding and Exercisable Warrants, Life (Years) | 1 year 9 months 14 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.40 |
Warrants [Member] | Exercise Price Per Share $0.50 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 3,000,000 |
Warrants Exercise Price, Per Share | $ / shares | $ 0.50 |
Warrants [Member] | Exercise Price Per Share $0.50 [Member] | Minimum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Life (Years) | 7 months 24 days |
Warrants [Member] | Exercise Price Per Share $0.50 [Member] | Maximum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Life (Years) | 4 years 4 months 6 days |
Warrants [Member] | Exercise Price Per Share $0.625 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 100,000 |
Outstanding and Exercisable Warrants, Life (Years) | 2 years 22 days |
Warrants Exercise Price, Per Share | $ / shares | $ 0.625 |
Warrants [Member] | Exercise Price Per Share $0.75 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 1,250,000 |
Warrants Exercise Price, Per Share | $ / shares | $ 0.75 |
Warrants [Member] | Exercise Price Per Share $0.75 [Member] | Minimum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Life (Years) | 2 years 2 months 23 days |
Warrants [Member] | Exercise Price Per Share $0.75 [Member] | Maximum [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Life (Years) | 4 years 4 months 6 days |
Warrants [Member] | Exercise Price Per Share $1.00 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 250,000 |
Outstanding and Exercisable Warrants, Life (Years) | 2 years 1 month 28 days |
Warrants Exercise Price, Per Share | $ / shares | $ 1 |
Warrants [Member] | Exercise Price Per Share $2.00 [Member] | |
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items] | |
Outstanding and Exercisable Warrants, Shares | 200,000 |
Outstanding and Exercisable Warrants, Life (Years) | 4 years 1 month 24 days |
Warrants Exercise Price, Per Share | $ / shares | $ 2 |
Discontinued Operations (Detail
Discontinued Operations (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Assets: | |||
Total Assets | $ 396,000 | ||
Liabilities: | |||
Total Liabilities | 3,381,000 | ||
Expenses | |||
Rent | 38,000 | $ 49,000 | |
Professional fees | 50,000 | 2,556,000 | |
Total Operating Expenses | 522,000 | 3,924,000 | |
Other Income (Expense) | |||
Income (Loss) on discontinued operations | (450,000) | (3,949,000) | |
Discontinued Operations - Restaurant Segment [Member] | |||
Assets: | |||
Total Assets | |||
Liabilities: | |||
Accounts payable and accrued liabilities | 22,000 | 22,000 | |
Total Liabilities | 22,000 | $ 22,000 | |
Revenues | |||
Cost of sales | |||
Gross Margin | |||
Expenses | |||
Labor and related expenses | |||
Rent | 1,000 | ||
Depreciation and amortization | |||
Professional fees | |||
Other general and administrative | 1,000 | ||
Total Operating Expenses | 2,000 | ||
Operating Income (Loss) | (2,000) | ||
Other Income (Expense) | |||
Loss on disposal of assets | |||
Income (Loss) on discontinued operations | $ (2,000) |
Organization And Summary Of S_3
Organization And Summary Of Significant Accounting Policies (Narrative) (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Capitalized Gaming Asset And Licensing Rights [Member] | |||
Capitalized licensing rights, amortization | $ 1,000 | $ 18,000 | |
Capitalized licensing rights, accumulated amortization | 3,000 | $ 2,000 | |
Unamortized capitalized licensing rights | $ 121,000 | $ 122,000 | |
Class A Preferred Stock [Member] | |||
Antidilutive shares excluded from computation of basic earnings per share | 26,909,028 | 26,909,028 | |
Class E Preferred Stock [Member] | |||
Antidilutive shares excluded from computation of basic earnings per share | 1,588,310 | 253,678 | |
Stock Options [Member] | |||
Antidilutive shares excluded from computation of basic earnings per share | 12,449,900 | 13,740,000 | |
Warrants [Member] | |||
Antidilutive shares excluded from computation of basic earnings per share | 9,000,000 | 3,600,000 |
Property And Equipment (Narrati
Property And Equipment (Narrative) (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Property And Equipment [Member] | ||
Property, Plant and Equipment [Line Items] | ||
Depreciation expense | $ 9,000 | $ 11,000 |
Related Party Transactions (Nar
Related Party Transactions (Narrative) (Details) - USD ($) | 3 Months Ended | 12 Months Ended | 15 Months Ended | 27 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2019 | Mar. 31, 2019 | |
Short-term Debt [Line Items] | ||||||
Proceeds from line of credit | ||||||
Stock issued for cash, value | $ 555,000 | |||||
Proceeds from short-term advances - related party | 209,000 | |||||
Related Party Service Revenues | 52,000 | |||||
Berkshire Capital Management Co., Inc. - A Company Controlled By Joseph Fiore, Majority Shareholder And Former Chairman Of The Board Of Directors [Member] | Revolving Line Of Credit [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Line of credit borrowing capacity | $ 1,000,000 | |||||
Line of credit interest rate | 6.00% | |||||
Line of credit collateral security | The loan is secured by a first lien on all the assets of the Company and its wholly owned subsidiary SPYR APPS, LLC. | |||||
Line of credit due date | Jul. 1, 2019 | |||||
Proceeds from line of credit | $ 1,000,000 | |||||
Accrued interest | 84,000 | $ 84,000 | 84,000 | |||
Berkshire Capital Management Co., Inc. - A Company Controlled By Joseph Fiore, Majority Shareholder And Former Chairman Of The Board Of Directors [Member] | Short-Term Advances [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Accrued interest | 12,000 | 12,000 | $ 12,000 | |||
Proceeds from short-term advances - related party | 209,000 | $ 313,000 | $ 522,000 | |||
Debt instrument description | Short-term advances are due upon demand. | |||||
Father Of An Executive Officer [Member] | Restricted Common Stock [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Stock issued for cash, shares | 500,000 | |||||
Stock issued for cash, value | $ 50,000 | |||||
A Related Limited Liablity Company - A Company Related To Officers Of The Company And Majority Owner Is Berkshire Capital Management Co, Inc [Member] | ||||||
Short-term Debt [Line Items] | ||||||
Related Party Service Revenues | $ 52,000 |
Convertible Notes (Narrative) (
Convertible Notes (Narrative) (Details) - USD ($) | May 10, 2019 | Mar. 31, 2019 | May 22, 2018 | Apr. 20, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 |
Short-term Debt [Line Items] | |||||||
Original issue discount | $ 9,000 | $ 9,000 | |||||
Convertible notes payable | $ 491,000 | 491,000 | $ 432,000 | ||||
Stock issued during the period in connection with debt, value | $ 50,000 | ||||||
Liquidated damages | |||||||
Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Stock issued during the period in connection with debt, shares | 500,000 | ||||||
Stock issued during the period in connection with debt, value | $ 50 | ||||||
Warrants [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Award terms | The Company had 600,000 warrants outstanding with exercise prices less than $0.07 with an intrinsic value of $36,000 at March 31, 2019. | ||||||
No of stock or warrants granted | |||||||
Warrants [Member] | Exercise Price Per Share $2.00 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Exercise price of warrants | $ 2 | $ 2 | |||||
Convertible Note Dated April 20, 2018 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Debt instrument face amount | $ 158,000 | ||||||
Original issue discount | $ 15,000 | ||||||
Debt instrument interest rate | 8.00% | ||||||
Debt maturity date | Jun. 1, 2019 | ||||||
Debt instrument conversion terms | Convertible on or after October 17, 2018 into the Company's restricted common stock at $0.20 per share at the holde's request. | ||||||
Debt instrument beneficial conversion feature | $ 104,000 | ||||||
Accrued interest | $ 4,000 | $ 4,000 | $ 9,000 | ||||
Convertible notes payable | 169,000 | 169,000 | |||||
Convertible Note Dated April 20, 2018 [Member] | Subsequent Event [Member] | Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Value of principal portion of debt converted into shares | $ 25,000 | ||||||
Debt conversion price per share | $ 0.10 | ||||||
No of shares of common stock issued in conversion of debt | 250,000 | ||||||
Convertible Note Dated April 20, 2018 [Member] | Warrants [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Award terms | The noteholder was also granted detachable 3-year warrants to purchase 200,000 shares of the company’s restricted common stock at an exercise price of $0.375 per share, 200,000 shares of the company’s restricted common stock at an exercise price of $0.50 per share, and 100,000 shares of the company’s restricted common stock at an exercise price of $0.625 per share. | ||||||
Fair value of warrants | $ 126,000 | ||||||
Convertible Note Dated April 20, 2018 [Member] | Warrants [Member] | Exercise Price Per Share $0.375 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
No of stock or warrants granted | 200,000 | ||||||
Exercise price of warrants | $ 0.375 | ||||||
Convertible Note Dated April 20, 2018 [Member] | Warrants [Member] | Exercise Price Per Share $0.50 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
No of stock or warrants granted | 200,000 | ||||||
Exercise price of warrants | $ 0.50 | ||||||
Convertible Note Dated April 20, 2018 [Member] | Warrants [Member] | Exercise Price Per Share $0.625 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
No of stock or warrants granted | 100,000 | ||||||
Exercise price of warrants | $ 0.625 | ||||||
Convertible Note Dated April 20, 2018 [Member] | Restricted Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Stock issued during the period in connection with debt, shares | 116,000 | ||||||
Stock issued during the period in connection with debt, value | $ 34,000 | ||||||
Convertible Note Dated May 22, 2018 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Debt instrument face amount | $ 165,000 | ||||||
Convertible Note Dated May 22, 2018 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Debt instrument face amount | 275,000 | ||||||
Original issue discount | $ 25,000 | ||||||
Debt instrument interest rate | 8.00% | ||||||
Debt maturity date | Jun. 1, 2019 | ||||||
Debt instrument conversion terms | Convertible into the Company’s restricted common stock at $0.25 per share at the holder’s request. | ||||||
Debt instrument beneficial conversion feature | $ 40,000 | ||||||
Accrued interest | 22,000 | 22,000 | |||||
Convertible notes payable | 322,000 | $ 322,000 | |||||
Liquidated damages | $ 25,000 | ||||||
Convertible Note Dated May 22, 2018 [Member] | Subsequent Event [Member] | Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Value of principal portion of debt converted into shares | $ 25,000 | ||||||
Debt conversion price per share | $ 0.10 | ||||||
No of shares of common stock issued in conversion of debt | 250,000 | ||||||
Convertible Note Dated May 22, 2018 [Member] | Warrants [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Award terms | The noteholder was also granted detachable 5-year warrants to purchase 500,000 shares of the company’s restricted common stock at an exercise price of $2.00 per share. | ||||||
Fair value of warrants | $ 45,000 | ||||||
Convertible Note Dated May 22, 2018 [Member] | Warrants [Member] | Exercise Price Per Share $2.00 [Member] | |||||||
Short-term Debt [Line Items] | |||||||
No of stock or warrants granted | 500,000 | ||||||
Exercise price of warrants | $ 2 | ||||||
Convertible Note Dated May 22, 2018 [Member] | Restricted Common Stock [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Stock issued during the period in connection with debt, shares | 200,000 | ||||||
Stock issued during the period in connection with debt, value | $ 58,000 |
Commitments And Contingencies_2
Commitments And Contingencies (Narrative) (Details) - Operating Lease Dated May 21, 2015 [Member] | May 21, 2015USD ($) |
Other Commitments [Line Items] | |
Lease commitment terms | The Company leases approximately 5,169 square feet at 4643 South Ulster Street, Denver, Colorado pursuant to an amended lease dated May 21, 2015 |
Lease expiration date | Dec. 31, 2020 |
Minimum [Member] | |
Other Commitments [Line Items] | |
Annual base rent | $ 143,000 |
Maximum [Member] | |
Other Commitments [Line Items] | |
Annual base rent | $ 152,000 |
Equity Transactions (Common Sto
Equity Transactions (Common Stock Issued During Three Months Ended March 31, 2018) (Narrative) (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Stock issued for cash, value | $ 555,000 | |
Stock issued to employees for services, value | $ 131,000 | 625,000 |
Share based compensation | $ 131,000 | |
Restricted Common Stock [Member] | Consultant [Member] | ||
Share based compensation | $ 1,712,000 | |
Stock issued to consultants for services, shares | 4,441,942 | |
Stock issued to consultants for services, value | $ 1,712,000 | |
Restricted Common Stock [Member] | Third Parties [Member] | ||
Stock issued for cash, shares | 4,200,000 | |
Stock issued for cash, value | $ 555,000 | |
Restricted Common Stock [Member] | Employees [Member] | ||
Stock issued to employees for services, shares | 1,250,000 | 1,250,000 |
Stock issued to employees for services, value | $ 131,000 | $ 625,000 |
Share based compensation | $ 131,000 | $ 625,000 |
Equity Transactions (Common S_2
Equity Transactions (Common Stock Issued During Three Months Ended March 31, 2019) (Narrative) (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Stock issued to employees for services, value | $ 131,000 | $ 625,000 |
Share based compensation | $ 131,000 | |
Restricted Common Stock [Member] | Employees [Member] | ||
Stock issued to employees for services, shares | 1,250,000 | 1,250,000 |
Stock issued to employees for services, value | $ 131,000 | $ 625,000 |
Share based compensation | $ 131,000 | $ 625,000 |
Equity Transactions (Options) (
Equity Transactions (Options) (Narrative) (Details) - Stock Options [Member] | 3 Months Ended |
Mar. 31, 2019$ / shares | |
Share price | $ 0.07 |
Award terms | As all outstanding options had an exercise price greater than $0.07 per share, there was no intrinsic value of the options outstanding at March 31, 2019. |
Equity Transactions (Warrants)
Equity Transactions (Warrants) (Narrative) (Details) - Warrants [Member] | 3 Months Ended |
Mar. 31, 2019USD ($)$ / sharesshares | |
Share price | $ / shares | $ 0.07 |
Award terms | The Company had 600,000 warrants outstanding with exercise prices less than $0.07 with an intrinsic value of $36,000 at March 31, 2019. |
Warrants outstanding | shares | 600,000 |
Intrinsic value of warrants | $ | $ 36,000 |
Equity Transactions (Shares Res
Equity Transactions (Shares Reserved) (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2019shares | |
Shares reserved in conncetion with 2 convertible notes with detachable warrants | 30,000,000 |
Warrants [Member] | |
Description of shares reserved with court approves settlement | The Company has reserved 30,000,000 shares of common stock in connection with 2 convertible notes with detachable warrants and 3,500,000 shares of common stock in connection with the court approves settlement agreement for a total of 33,500,000 reserved shares of common stock. |
Subsequent Events (Narrative) (
Subsequent Events (Narrative) (Details) - USD ($) | May 10, 2019 | May 14, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2019 |
Subsequent Event [Line Items] | |||||
Proceeds from short-term advances - related party | $ 209,000 | ||||
Berkshire Capital Management Co., Inc. - A Company Controlled By Joseph Fiore, Majority Shareholder And Former Chairman Of The Board Of Directors [Member] | Short-Term Advances [Member] | |||||
Subsequent Event [Line Items] | |||||
Proceeds from short-term advances - related party | $ 209,000 | $ 313,000 | $ 522,000 | ||
Debt instrument description | Short-term advances are due upon demand. | ||||
Subsequent Event [Member] | Two Convertible Promissory Notes [Member] | Common Stock [Member] | |||||
Subsequent Event [Line Items] | |||||
Value of principal portion of debt converted into shares | $ 50,000 | ||||
Debt conversion price per share | $ 0.10 | ||||
No of shares of common stock issued in conversion of debt | 500,000 | ||||
Subsequent Event [Member] | Berkshire Capital Management Co., Inc. - A Company Controlled By Joseph Fiore, Majority Shareholder And Former Chairman Of The Board Of Directors [Member] | Short-Term Advances [Member] | |||||
Subsequent Event [Line Items] | |||||
Proceeds from short-term advances - related party | $ 145,000 | ||||
Debt instrument description | The short-term advances are due upon demand. |