XML 38 R58.htm IDEA: XBRL DOCUMENT v3.20.1
Subsequent Event (Details) - Subsequent Event [Member] - USD ($)
1 Months Ended
Apr. 20, 2020
May 31, 2020
Apr. 30, 2020
Subsequent Event [Line Items]      
Bear interest   100.00%  
Performance bonus, description     performance bonus structure for a bonus of up to 50% of base salary upon the Company’s achievement of $2,000,000 EBITDA and additional performance bonus payments for the achievement of EBITDA in excess of $2,000,000 based on a percentage of the incremental increase in EBITDA (ranging from 10% of the incremental increase in EBITDA if the Company achieves over $2,000,000 and up to $7,000,000 in EBITDA, 8% of the incremental increase in EBITDA if the Company achieves over $7,000,000 and up to $12,000,000 in EBITDA and 3% of the incremental increase in EBITDA over $12,000,000), provide for a profits-based additional bonus of up to $250,000 in certain limited circumstances, and provide for one (1) year severance, plus a pro-rated amount of any unpaid bonus earned by him during the year as verified by the Company’s principal financial officer, if Mr. Galvin is terminated without cause. At the Company’s option, up to fifty (50%) percent of the EBITDA performance bonuses may be paid in restricted stock units if then available for grant under the Company’s Stock Incentive Plan.
Public offering price $ 4.25 $ 2.50  
Sale of stock shares   6,000,000 440,000
Aggregate net proceeds $ 1,509,200 $ 13,475,000  
Mr. Galvin [Member]      
Subsequent Event [Line Items]      
Annual base salary     $ 400,000
Company Note Member      
Subsequent Event [Line Items]      
Principal amount     $ 250,000
Bear interest     5.00%