Convertible Note Receivable - Related Party (Details Narrative) |
12 Months Ended |
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Jun. 30, 2017
USD ($)
$ / shares
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Convertible promissory note, principal amount | $ 750,000 |
Convertible note in cash consideration | $ 200,000 |
Convertible note, interest rate | 5.00% |
Convertible note, maturity date | Feb. 01, 2018 |
Conversion price | $ / shares | $ 0.6788 |
Convertible Promissory Note Agreement [Member] | |
Short-term debt | $ 500,000 |
Minimum [Member] | |
Conversion equity financing | 2,000,000 |
Maximum [Member] | |
Conversion equity financing | $ 2,000,000 |
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- Definition Convertible note in cash consideration. No definition available.
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- Definition The carrying amount of the equity component of convertible debt which may be settled in cash upon conversion. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Price of the entity's common stock which would be required to be attained for the conversion feature embedded in the debt instrument to become effective. No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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