XML 36 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
COMMITMENTS (Details Narrative)
6 Months Ended
Jun. 08, 2018
USD ($)
Sep. 30, 2018
USD ($)
$ / shares
Sep. 30, 2017
USD ($)
Principal Amount   $ (750,000)  
Working capital purposes $ 1,000,000    
Convertible promissory note   $ 1,000,000 $ 0
Promissory Note [Member]      
Principal Amount $ (1,000,000)    
Pensare Sponsor Group LLC (the "Sponsor") [Member] | Promissory Note [Member] | Warrant [Member]      
Share price (in dollars per share) | $ / shares   $ 1.00  
Pensare Sponsor Group LLC (the "Sponsor") [Member] | Promissory Note [Member] | Maximum [Member]      
Description of cash fees   <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">The loans will be non-interest bearing, unsecured and payable upon the consummation of the Company’s initial business combination or at the holder’s discretion, <u>up to $500,000 of the commitment may be </u>convertible into warrants of the Company at a price of $1.00 per warrant. If the Company does not complete a business combination, any such loans will be forgiven.</font></p> <p style="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"> </font></p>  
Principal Amount   $ (750,000)  
Underwriter [Member] | Purchase Option Due July 27, 2018 [Member] | Measurement Input, Price Volatility [Member]      
Alternative Investment, Measurement Input   0.35  
Underwriter [Member] | Purchase Option Due July 27, 2018 [Member] | Measurement Input, Risk Free Interest Rate [Member]      
Alternative Investment, Measurement Input   0.0180  
Early Bird Capital, Inc. ("EBC") [Member]      
Description of cash fees   <p style="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">The consummation of an initial Business Combination in an amount equal to 3.5% of the gross proceeds of the offering (exclusive of any applicable finders’ fees which might become payable); provided that the Company has the right to allocate up to 30% of the fee to any of the underwriters in the offering or other FINRA member firms the Company retains to assist it in connection with its initial Business Combination.</font></p>