XML 82 R34.htm IDEA: XBRL DOCUMENT v3.22.1
CONVERTIBLE DEBT (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
May 09, 2017
May 14, 2015
Feb. 05, 2015
Jun. 03, 2020
Jan. 09, 2020
Sep. 30, 2019
May 16, 2018
Nov. 30, 2017
Sep. 26, 2016
Jan. 29, 2015
Nov. 30, 2021
Nov. 30, 2020
Apr. 01, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 05, 2020
Nov. 30, 2018
APIC reclassified to derivative liability                     $ 3,981,221 $ 3,981,221          
Increased tranche amount                               $ 936,168  
Embedded conversion                     5,494,363            
Beneficial conversion feature               $ 647,888                  
Amortized for prior year                     855,987            
Preferred stock, shares                         29,320,432   29,432,320    
Preferred stock shares, amount                     $ 17,659,392            
Price per share                     $ 0.60            
Debt extinguisment                     $ 1,092,295            
Conversion, description                     all amounts owing under the 2016 Convertible Notes through November 30, 2021 (including accrued interest thereon) and (ii) all accrued interest on the 2018 and 2019 Convertible Notes through November 30, 2021. The conversion is expected to occur by the end of June, 2021. The 2018 and 2019 Convertible Notes were further amended to (i) eliminate the conversion feature of such notes, (ii) provide for a simple interest rate of 8% per annum, with the first 2 years of interest payable at maturity of the 2018 and 2019 Convertible Notes and the last three years of interest payable quarterly beginning February 28, 2023; and (iii) extend the maturity of such notes until November 30, 2025.            
Extended maturity date         Dec. 01, 2021       Sep. 30, 2019                
Proceeds from convertible debt                     $ 0 936,168          
Amortization of debt discount                     0 1,885,587          
Conversion price (in dollars per share)                         $ 0.60        
November 6, 2019 [Member] | Third Tranche [Member]                                  
Proceeds from convertible debt                     3,795,033            
Interest payment                     936,168            
November 30, 2018 [Member] | First Tranche [Member]                                  
Proceeds from promissory note                     3,400,780            
April 13, 2019 [Member] | Second Tranche [Member]                                  
Proceeds from promissory note                     2,804,187            
Convertible Debt [Member] | Minimum [Member]                                  
Bearing interest rate                 6.00%                
Convertible Debt [Member] | Maximum [Member]                                  
Bearing interest rate                 8.00%                
Securities Purchase Agreement [Member] | Convertible Debt [Member]                                  
Proceeds from convertible debt                 $ 4,100,000                
Amortization of debt discount                     3,333,334            
Intrinsic value of notes                     3,333,334            
Principal amount of debt                   $ 2,300,000              
Common stock conversion, shares           16,666,667       3,239,437              
Bearing interest rate                 8.00% 6.00%              
Interest amortized                     $ 334,988            
Proceeds from promissory note                 $ 4,100,000                
Additional funding amount                 5,900,000                
Aggregate amount of promissory note                 10,000,000                
Conversion price (in dollars per share)           $ 0.60       $ 0.71              
2016 Notes [Member]                                  
Extended maturity date       Dec. 31, 2020                          
Proceeds from convertible debt $ 4,400,000 $ 500,000 $ 1,800,000       $ 1,500,000   $ 4,100,000                
Terms of amendment, description         Pursuant to the Amendment, Fengate has agreed to convert all of the 2016 Notes on or before the earlier to occur of (i) the maturity date of the 2016 Convertible Notes and (ii) the Company raising new equity investment of not less than US$2,000,000, on terms mutually acceptable to Fengate and the Company (subject to Fengate’s regulatory considerations). Conversion of the 2016 Notes will occur in a single conversion transaction at a price that is equal to a 25% discount to the average closing price of the Company’s common stock for the 10 trading days immediately prior to the conversion date, with the exact structure of the conversion to be determined by the parties. On June 3, 2020 the maturity date was extended from May 31 to December 31, 2020.                        
2016 Notes [Member] | February 5, 2015 [Member]                                  
Convertible promissory notes         $ 1,800,000                        
2016 Notes [Member] | May 14, 2015 [Member]                                  
Convertible promissory notes         500,000                        
2016 Notes [Member] | May 9, 2017 [Member]                                  
Convertible promissory notes         4,400,000                        
2016 Notes [Member] | May 16, 2018 [Member]                                  
Convertible promissory notes         1,500,000                        
2018 Convertible Note [Member] | Conversion Option [Member] | Re-value [Member]                                  
Conversion option, description                     The assumptions used were a discount rate of 2.80%, 1.96% and 1.96%; volatility rate of 79.57%, 104.70% and 107.3%; and a term of 1.50, 1.13 and 0.57 years respectively            
Unamortized debt discount                     $ 0            
Amortization of debt                     1,885,587 $ 1,857,295          
2018 Convertible Note [Member] | Conversion Option [Member] | November 30, 2018 [Member]                                  
Black scholes model conversion option                     892,000            
2018 Convertible Note [Member] | Conversion Option [Member] | April 13, 2019 [Member]                                  
Black scholes model conversion option                     $ 1,911,256            
2018 Convertible Note [Member] | Conversion Option [Member] | Range One [Member]                                  
Term                     1 year 6 months            
Volatility                     79.57%            
Discount rate                     2.80%            
Black scholes model conversion option                     $ 1,696,933            
2018 Convertible Note [Member] | Conversion Option [Member] | Range Two [Member]                                  
Term                     1 year 1 month 17 days            
Volatility                     104.70%            
Discount rate                     1.96%            
2018 Convertible Note [Member] | Conversion Option [Member] | Range Three [Member]                                  
Term                     6 months 25 days            
Volatility                     107.30%            
Discount rate                     1.96%            
2018 Convertible Note [Member] | Securities Purchase Agreement [Member]                                  
Principal amount of debt                                 $ 10,000,000
Bearing interest rate                                 12.00%
Convertible note description                     Company at a 25% discount to the average closing price of the common shares during the 10 trading days immediately prior to the applicable conversion date            
Director [Member]                                  
Price per share                             $ 0.001    
Preferred stock, shares authorized                           29,432,320 29,432,320    
Black-Scholes Model [Member]                                  
Beneficial conversion feature         $ 7,965,083                        
Term         4 months 20 days                        
Discount rate         1.96%                        
Volatility rate         148.80%