XML 55 R41.htm IDEA: XBRL DOCUMENT v3.20.2
Private Placement and JH Darbie Financing (Details Narrative) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Proceeds from private placement     $ 2,304,541
Warrant term 2 years 9 months   2 years 9 months  
Issuance cost $ 400,000      
Legal costs 39,000      
Non-controlling interests in Edgepoint 979,541      
Initial debt discount 800,140   $ 800,140  
Amortization of debt discount and debt issuance costs     611,681 88,479
Interest Expense [Member]        
Amortization of debt discount and debt issuance costs 162,267 162,267
Convertible Debt Instrument [Member]        
Initial debt discount $ 60,000   $ 60,000  
Maximum [Member]        
Warrant term 5 years   5 years  
Edgepoint Common Stock [Member] | Warrant [Member]        
Warrants to purchase common stock 50,000   50,000  
Warrant exercise price per share $ 1.00   $ 1.00  
Edgepoint Common Stock [Member] | One Convertible Promissory Note [Member]        
Conversion of debt, price per share $ 1.00   $ 1.00  
Edgepoint Common Stock [Member] | One Convertible Promissory Note [Member] | Maximum [Member]        
Conversion of debt, shares 25,000      
Mateon Common Stock [Member] | Warrant [Member]        
Warrants to purchase common stock 50,000   50,000  
Warrant exercise price per share $ 0.20   $ 0.20  
Warrant term 3 years   3 years  
Mateon Common Stock [Member] | One Convertible Promissory Note [Member]        
Conversion of debt, price per share $ 0.18   $ 0.18  
Mateon Common Stock [Member] | One Convertible Promissory Note [Member] | Maximum [Member]        
Conversion of debt, shares 138,889      
Placement Agent [Member]        
Number of shares issued and sold 5.3      
Conversion of debt, price per share $ 0.18   0.18  
Percentage of units granted 10.00%      
Debt instrument maturity term Jun. 30, 2021      
Debt instrument conversion term Convertible at the option of the holder at any time in the Company's common stock or Edge Point's common share.      
Coupon 16.00%      
Placement Agent [Member] | Edgepoint Common Stock [Member]        
Conversion of debt, price per share $ 1.00   1.00  
Subscription Agreements [Member] | Edgepoint Common Stock [Member]        
Stock value, price per share $ 1.00   1.00  
Subscription Agreements [Member] | Edgepoint AI, Inc [Member]        
Number of shares issued 25,000      
Stock value, price per share $ 1.00   $ 1.00  
Subscription Agreements [Member] | Accredited Investors [Member]        
Number of shares issued and sold 53      
Proceeds from private placement $ 2,650,000      
Net of closing cost $ 2,310,000