Quarterly report pursuant to Section 13 or 15(d)

Mandatory Redeemable Series B Preferred Stock (Details)

v3.19.3
Mandatory Redeemable Series B Preferred Stock (Details) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 05, 2019
Dividends description The Preferred Stock is entitled to annual dividends at a rate equal to 8.0% per annum on the Stated Value of the Preferred Stock. Accrued dividends will be payable quarterly in shares of common stock of the Company based on a fixed share price of $1.62. The Warrants have an exercise price of $1.62 per share, which was in excess of the closing price of $1.60 on May 30, 2019, and are immediately exercisable and will expire seven years from the date of issuance.  
Stock issued exercise of warrants percentage 19.90%  
Value of warrants issued with preferred stock $ 6,700,000  
Mandatory Redeemable Series B Preferred Stock [Member]    
Warrant exercise price (in usd per share)   $ 7.41
Preferred Stock stated value   $ 20.00
Total proceeds received on the preferred stock   $ 25,000,000.0
Investors purchased   1,250,000