XML 74 R52.htm IDEA: XBRL DOCUMENT v3.20.2
Acquisitions (Details Narrative) - USD ($)
3 Months Ended 4 Months Ended 12 Months Ended
Jan. 30, 2020
Oct. 31, 2019
Mar. 25, 2019
Mar. 15, 2019
Mar. 15, 2019
Oct. 05, 2018
Sep. 27, 2018
Mar. 31, 2020
Aug. 05, 2020
Mar. 31, 2020
Mar. 31, 2019
Dec. 13, 2018
Aug. 20, 2018
Cash payment             $ 250,000            
Contingent Consideration Payable             1,250,000            
Contingent consideration payable               $ 709,623   $ 709,623 $ 900,000    
Contingent consideration fair value                   190,377    
Rent expenes                   786,687 272,700    
Expenses incurred during period                   $ (719,187) (2,728,754)    
Payment of note payable related party     $ 500,000               $ 9,900,000    
Debt instrument, description If a Qualified Financing has not occurred on or before the Maturity Date, the Notes shall become convertible into shares of the Company's Common Stock at a conversion price that is equal to 50.0% of the arithmetic mean of the VWAP in the ten consecutive Trading Days immediately preceding the Maturity Date.                 The note bears interest per annum at approximately 4.6% payable in arrears monthly.      
Subsequent Event [Member]                          
Common stock weighted average share price                 $ 1.58        
Administrative and Management Services [Member]                          
Inventory purchased during period         $ 1,900,000                
Rent expenes                   $ 394,128      
Expenses related to support cost                   153,604      
Settlement Agreement [Member] | Subsequent Event [Member]                          
Principal payments                 $ 1,269,977        
Debt instrument maturity date                 Aug. 15, 2021        
Debt instrument, description                 Pursuant to the Settlement Agreement, the Company shall pay JSC $1,269,977 and shall provide JSC with: (i) two new promissory notes, a note of $5,803,800 related to the Seller Note and note of $2,635,797 for inventory and services, both with a maturity date of August 15, 2021, (ii) general business security agreements granting JSC a security interest in all personal property of the Company. Pursuant to the Notes, the Company is obligated to make monthly payments totaling $204,295 to JSC. In addition, the Notes have a mandatory prepayment provision that comes into effect if the Company conducts a publicly registered offering. Pursuant to such provision, the Company: (a) upon the closing of an Offering of less than $10,000,000 would be obligated to pay the lesser of ninety percent (90%) of the Offering proceeds or seventy (70%) of the then aggregate outstanding balance of the Notes; and (b) upon the closing of an Offering of more than $10,000,000 would be obligated to pay one hundred percent (100%) of the then aggregate outstanding balance of the Notes. The Company was granted an option to repurchase up to 1,000,000 of the shares of the Company's common stock issued to JSC under the Amended APA at a price of $1.50 per share through April 1, 2021 so long as there are no defaults under the Settlement Agreement.        
Settlement Agreement [Member] | Subsequent Event [Member] | Maximum [Member]                          
Option grant to repurchase                 1,000,000        
Settlement Agreement [Member] | Subsequent Event [Member] | Seller Note [Member]                          
Payment of note payable related party                 $ 5,803,800        
Post Closing Transaction Note Reduction [Member]                          
Post-closing changes to the purchase price of transaction   $ 2,596,200               2,596,200      
Decreased Equipment Net [Member]                          
Post-closing changes to the purchase price of transaction   1,871,306               1,871,306      
Reduction in Other Intangible Assets [Member]                          
Post-closing changes to the purchase price of transaction   766,068               766,068      
Increased Accounts Receivable [Member]                          
Post-closing changes to the purchase price of transaction   31,924               31,924      
Increase to Deposits [Member]                          
Post-closing changes to the purchase price of transaction   9,250               9,250      
Decreased Accumulated Amortization [Member]                          
Post-closing changes to the purchase price of transaction   $ 159,530               159,530      
Inventory and Services [Member] | Settlement Agreement [Member] | Subsequent Event [Member]                          
Payment of note payable related party                 2,635,797        
SW Kenetics Inc. [Member]                          
Number of shares issued in acquisition                     1,700,002    
Cash payment                       $ 350,000  
Contingent Consideration Payable                       $ 350,000  
Contingent consideration payable               709,623   709,623      
Contingent consideration fair value               $ (190,377)          
Patents [Member]                          
Payment of note payable related party                   $ 43,222 $ 33,920    
Monthly Payments [Member] | Settlement Agreement [Member] | Subsequent Event [Member]                          
Principal payments                 204,295        
Ninety Percent [Member] | Settlement Agreement [Member] | Subsequent Event [Member]                          
Proceeds from Notes payable                 10,000,000        
Hundred Percent [Member] | Settlement Agreement [Member] | Subsequent Event [Member]                          
Proceeds from Notes payable                 $ 10,000,000        
SW Kenetics Inc. [Member]                          
Cash payment             250,000            
Contingent Consideration Payable             1,250,000            
Gain on bargain purchase             1,599,161            
SW Kenetics Inc. [Member] | Patents [Member]                          
Fair value of intangible assets             $ 7,723,166            
SW Kenetics Inc. [Member] | Claw Back Provisions [Member]                          
Number of shares issued in acquisition           1,700,002 1,700,002            
Cash payment                         $ 250,000
Common stock weighted average share price                         $ 2.72
SW Kenetics Inc. [Member] | Restricted Stock [Member]                          
Number of shares issued in acquisition             1,700,002            
SW Kenetics Inc. [Member] | Decrease [Member] | Patents [Member]                          
Fair value of intangible assets             $ 6,124,005            
Jagemann Stamping Company [Member]                          
Number of shares issued in acquisition       4,750,000                  
Cash payment       $ 7,000,000 7,000,000                
Contingent Consideration Payable       $ 10,400,000 $ 10,400,000                
Common stock weighted average share price       $ 2.00 $ 2.00