Subsequent Event (Details Narrative) - Subsequent Event [Member] - USD ($) |
May 03, 2020 |
May 07, 2020 |
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Escrow fund | $ 4,800,000 | |
Paycheck Protection Program [Member] | ||
Aggregate promissory note principal amount | $ 295,250 | |
Loan matures description | The Loan matures two years from the disbursement date and bears interest at a rate of 1.000% per annum, with the first six months of interest deferred. Principal and interest are payable monthly commencing six months after the disbursement date and may be prepaid by the Company at any time prior to maturity with no prepayment penalties. We did not provide any collateral or guarantees for the Loan, not did we pay any facility charge to obtain the Loan. | |
Debt bears interest percentage | 1.00% |
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- Definition Escrow fund. No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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