XML 39 R28.htm IDEA: XBRL DOCUMENT v3.21.2
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended
May 03, 2021
Mar. 31, 2021
Feb. 25, 2020
Jun. 30, 2021
Jun. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Mar. 31, 2021
Jun. 29, 2021
Jun. 28, 2021
May 25, 2021
Feb. 28, 2021
Dec. 31, 2020
Jun. 25, 2020
Jun. 24, 2020
Property, Plant and Equipment [Line Items]                                        
Service revenue             $ 1,400,000   $ 1,740,855                  
Stock Issued During Period, Value, New Issues           $ 99,055                            
Convertible Preferred stock, par value       $ 0.01 $ 0.01 $ 0.01       $ 0.01   $ 0.01   $ 0.20       $ 0.01    
Convertible Debt       $ 1,000,000 $ 1,000,000 $ 1,000,000       $ 1,000,000   $ 1,000,000                
Warrants to purchase common stock       42,737,500 42,737,500 42,737,500       42,737,500   42,737,500                
Issuance of additional warrants           $ 2,023,552                            
Additional common stock issued       20,000,000 20,000,000 20,000,000       20,000,000   20,000,000                
Net losses           $ (3,231,280)   $ 582,091   $ (6,034,360) (4,075,803)                  
Working capital       $ 13,400,000 $ 13,400,000 13,400,000       13,400,000   $ 13,400,000                
Contingent liability       $ 2,600,000 $ 2,600,000 $ 2,600,000       2,600,000   $ 2,600,000                
Proceeds from private placement                   $ 1,613,200                  
Warrant term       2 years 1 month 24 days 2 years 1 month 24 days 2 years 1 month 24 days       2 years 1 month 24 days   2 years 1 month 24 days                
Investor [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Debt Instrument, Maturity Date                   Mar. 31, 2022                    
Bridge Financiers [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Proceeds from private placement         $ 800,000                              
Autotelic Inc [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Proceeds from private placement         $ 300,000                              
Oncotelic Warrant [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Warrants to purchase common stock       20,000,000.0 20,000,000.0 20,000,000.0       20,000,000.0   20,000,000.0                
Oncotelic Warrant [Member] | Investor [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Warrants to purchase common stock       200,000,000,000 200,000,000,000 200,000,000,000       200,000,000,000   200,000,000,000                
Common Stock [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Stock Issued During Period, Value, New Issues           $ 4,000                            
Number of shares issued           400,000                            
Conversion of debt, shares               569,800 3,962,145                      
Common shares issued conversion of debt, shares   278,187,847         278,187,847                          
Preferred Stock [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Number of shares issued   278,188                                    
Conversion of debt, shares                                    
Common shares issued conversion of debt, shares             (278,188)                          
Edgepoint Common Stock [Member] | Warrant [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Warrants to purchase common stock       50,000 50,000 50,000       50,000   50,000                
Warrant exercise price per share       $ 1.00 $ 1.00 $ 1.00       $ 1.00   $ 1.00                
Edgepoint Common Stock [Member] | Oncotelic Warrant [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Warrants to purchase common stock       50,000 50,000 50,000       50,000   50,000                
Warrant exercise price per share       $ 0.20 $ 0.20 $ 0.20       $ 0.20   $ 0.20                
Warrants and Rights Outstanding       $ 10,000 $ 10,000 $ 10,000       $ 10,000   $ 10,000                
Mateon Common Stock [Member] | Warrant [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Warrant exercise price per share       $ 0.20 $ 0.20 $ 0.20       $ 0.20   $ 0.20                
Warrant term       3 years 3 years 3 years       3 years   3 years                
Convertible Promissory Note [Member] | Mateon Common Stock [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Conversion of debt, price per share       $ 0.18 $ 0.18 $ 0.18       $ 0.18   $ 0.18                
One Convertible Promissory Note [Member] | Edgepoint Common Stock [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Conversion of debt, price per share       1.00 1.00 1.00       1.00   1.00                
One Convertible Promissory Note [Member] | Mateon Common Stock [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Conversion of debt, price per share       $ 0.18 $ 0.18 $ 0.18       $ 0.18   $ 0.18                
Maximum [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Warrant term       5 years 5 years 5 years   5 years   5 years 5 years 5 years                
Maximum [Member] | Convertible Promissory Note [Member] | Edgepoint Common Stock [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Conversion of debt, shares                   25,000                    
Maximum [Member] | One Convertible Promissory Note [Member] | Edgepoint Common Stock [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Conversion of debt, shares                   25,000                    
Maximum [Member] | One Convertible Promissory Note [Member] | Mateon Common Stock [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Conversion of debt, shares                   138,889                    
Minimum [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Warrant term       3 years 3 years 3 years   3 years   3 years 3 years 3 years                
JH Darbie & Co Inc [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Number of shares issued and sold       10                                
Proceeds from private placement                         $ 5,000,000              
Payment of direct placement fees                       $ 700,000                
Placement agent fees                       $ 650,000                
Warrant term       5 years 5 years 5 years       5 years   5 years                
Percentage of purchase units                         10.00%              
JH Darbie & Co Inc [Member] | Oncotelic Warrant [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Warrants to purchase common stock       2,000,000.0 2,000,000.0 2,000,000.0       2,000,000.0   2,000,000.0                
JH Darbie & Co Inc [Member] | Maximum [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Number of shares issued and sold     100                                  
JH Darbie & Co Inc [Member] | Minimum [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Number of shares issued and sold     40                                  
GMP and Autotelic BIO [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Service revenue               $ 900,000     $ 1,200,000                  
Supplemental Agreement [Member] | Golden Mountain Partners LLC [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Payment for services                   $ 1,200,000                    
Service revenue               900,000     1,200,000                  
Debt financing               $ 2,000,000     $ 2,000,000                  
Equity Purchase Agreement [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Proceeds from private placement         $ 100,000                              
Equity Purchase Agreement [Member] | Peak One Opportunity Fund, L.P [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Stock Issued During Period, Value, New Issues $ 10,000,000.0                                      
Convertible Preferred stock, par value $ 0.01                                      
Geneva Agreement [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Convertible Debt                             $ 103,750,000,000 $ 203,750        
Proceeds from private placement         300,000                              
Geneva Agreement [Member] | Maximum [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Convertible Debt                             $ 1,200,000          
Subscription Agreements [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Convertible Debt       $ 1,892,289 $ 1,892,289 $ 1,892,289       1,892,289   $ 1,892,289                
Subscription Agreements [Member] | Edgepoint AI, Inc [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Stock Issued During Period, Value, New Issues                   $ 50,000                    
Number of shares issued and sold                   100                    
Number of shares issued                   25,000                    
Stock value, price per share       $ 1.00 $ 1.00 $ 1.00       $ 1.00   $ 1.00                
Restated 2015 Equity Incentive Plan [Member] | Common Stock [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Increase the number of shares of common stock available for issuance                                     27,250,000 7,250,000
Increasing the maximum number of stock awards                                     1,000,000 500,000
Common stock, shares authorized                                 750,000,000   750,000,000 150,000,000
Since Inception Date [Member]                                        
Property, Plant and Equipment [Line Items]                                        
Net losses                   $ 27,700,000