Shareholders' Equity (Details Narrative)
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3 Months Ended |
12 Months Ended |
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Dec. 29, 2020
USD ($)
$ / shares
shares
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Nov. 24, 2020
USD ($)
$ / shares
shares
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May 14, 2020
shares
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May 10, 2020
USD ($)
Investors
$ / shares
shares
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May 01, 2020
shares
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May 10, 2019 |
May 01, 2019
$ / shares
shares
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Mar. 25, 2019
USD ($)
$ / shares
shares
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Feb. 01, 2019
shares
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Nov. 08, 2017
USD ($)
Investors
$ / shares
shares
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Sep. 30, 2020
USD ($)
$ / shares
shares
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Dec. 31, 2020
USD ($)
shares
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Dec. 31, 2019
shares
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May 10, 2017
shares
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Proceeds from public offering | $ |
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$ 12,500,000
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Warrants outstanding |
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20,513,145
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Proceeds from warrants | $ |
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$ 5,153,902
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Preferred stock, shares authorized |
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50,000,000
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50,000,000
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Debt Conversion Agreement [Member] | Precigen Note [Member] |
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Number of common stock issued in offering |
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100
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Debt instrument aggregate amount including accrued interest | $ |
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$ 3,400,000
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Series A Convertible Preferred Stock [Member] |
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Warrants exercise price per share | $ / shares |
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$ 3.10
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Warrants description |
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The warrants have a term of seven years from the date of issuance are non-exercisable until 6 months after issuance, have an exercise price of $3.10 per share.
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Number of shares issued upon conversion, convertible preferred stock |
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258,300
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Number of preferred stock converted |
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2,583,000
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Series A Preferred Stock [Member] |
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Preferred stock, shares authorized |
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12,000,000
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Series B Preferred Stock [Member] |
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Preferred stock, shares authorized |
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6,600,000
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Series B Preferred Stock [Member] | Debt Conversion Agreement [Member] | Precigen Note [Member] |
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Number of shares issued upon conversion, value | $ |
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$ 2,400,000
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Series C Preferred Stock [Member] | Precigen Note [Member] |
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Number of common stock issued in offering |
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100
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Series C Convertible Preferred Stock [Member] |
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Description on preferred stock, conversion basis |
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Upon any liquidation, dissolution or winding-up by us, whether voluntary or involuntary, the holders of Series C Preferred Stock shall be entitled to receive, in preference to the Junior Securities, an amount of cash equal to the product of (i) sum of (a) the number of shares of Series C Preferred Stock then held by such holder plus, (b) the number of shares of Series C Preferred Stock issuable to such holder in connection with any accrued but unpaid dividends, multiplied by (ii) the Stated Value, of $33,847.9874 per share, of Series C Preferred Stock ("the Series C Liquidation Amount") and no distribution or payments shall be made in respect of any Junior Securities unless all Series C Liquidation Amounts, if any, are first paid in full.
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Preferred stock shares designated |
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1,000
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Preferred stock dividend rate |
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20.00%
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12.00%
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2018 Warrants [Member] |
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Warrants exercise price per share | $ / shares |
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$ 1.00
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Warrants outstanding |
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760,000
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Warrants acquired |
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4,294,500
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2019 Warrants [Member] |
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Warrants exercise price per share | $ / shares |
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$ 0.90
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Warrants outstanding |
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4,882,114
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Warrants acquired |
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9,583,334
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First Closing [Member] | Series A Convertible Preferred Stock [Member] |
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Warrants to purchase |
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462,106
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Second Closing [Member] | Series A Convertible Preferred Stock [Member] |
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Warrants to purchase |
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602,414
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Noachis Terra Inc. [Member] |
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Number of common stock issued in offering |
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9,200,000
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Three Accredited Investors [Member] | Series A Convertible Preferred Stock [Member] | Securities Purchase Agreement [Member] |
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Number of accredited investors | Investors |
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3
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Proceeds from convertible preferred stock | $ |
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$ 3,000,000
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Description on preferred stock, conversion basis |
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The full $3,000,000 of Preferred Stock, and after giving effect to the reverse stock split and the previous conversion of 2,583,000 shares of Series A Preferred Stock into 258,300 shares of the Company's common stock, is convertible into nine hundred, forty-one thousand, seven hundred and one shares of our common stock, based on a fixed conversion price of $2.50 per share on an as-converted basis.
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Common Stock [Member] |
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Number of common stock issued in offering |
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16,666,668
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5,642,114
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16,666,668
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Issuance of stock as partial consideration for acquisition of certain services |
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12,500
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12,500
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25,000
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Warrants description |
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Outstanding warrants as follows: (i) an additional 760,000 warrants of the Company's previously reported remaining outstanding warrants to acquire 4,294,500 shares of Common Stock at an exercise price of $1.00 per share issued in connection with its July 2018 public offering (the "2018 Warrants"), were exercised and (ii) 4,882,114 warrants of the Company's previously reported outstanding warrants to acquire 9,583,334 shares of Common Stock at an exercise price of $0.90 per share issued in connection with its March 2019 public offering (the "2019 Warrants"), were exercised (collectively the "Warrant Exercises").
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Common Stock [Member] | Maximum [Member] |
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Number of shares of stock available for purchase |
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2,500,000
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Short Term Warrants [Member] |
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Warrants to purchase |
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8,333,334
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Share price per unit | $ / shares |
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$ 0.75
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Long Term Warrants [Member] |
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Warrants to purchase |
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8,333,334
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Share price per unit | $ / shares |
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$ 0.75
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Series 1 Warrant [Member] | Dr. Frederick Telling [Member] |
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Warrants to purchase |
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50,000
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Series 1 Warrant [Member] | Dr. Alan Joslyn [Member] |
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Warrants to purchase |
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33,333
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Series 2 Warrant [Member] | Dr. Frederick Telling [Member] |
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Warrants to purchase |
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50,000
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Series 2 Warrant [Member] | Dr. Alan Joslyn [Member] |
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Warrants to purchase |
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33,333
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Warrants [Member] |
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Stock issued during the period exercised |
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38,000
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Short Term Warrants [Member] |
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Number of warrants available for purchase |
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1,250,000
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Number of warrants purchased in period |
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1,250,000
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Warrants exercise price per share | $ / shares |
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$ 0.75
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Long Term Warrants [Member] |
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Number of warrants available for purchase |
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1,250,000
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Number of warrants purchased in period |
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1,250,000
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Warrants exercise price per share | $ / shares |
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$ 0.90
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Warrants [Member] | Noachis Terra Inc. [Member] |
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Number of common stock issued in offering |
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9,200,000
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Warrants exercise price per share | $ / shares |
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$ 1.25
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Term of warrants |
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5 years
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Underwritten Public Offering [Member] |
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Proceeds from public offering | $ |
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$ 12,500,000
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Underwritten Public Offering [Member] | Dr. Frederick Telling [Member] |
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Warrants to purchase |
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100,000
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Underwritten Public Offering [Member] | Dr. Alan Joslyn [Member] |
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Warrants to purchase |
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66,667
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Underwritten Public Offering [Member] | Common Stock [Member] |
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Number of common stock issued in offering |
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16,666,668
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Underwritten Public Offering [Member] | Short Term Warrants [Member] |
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Warrants to purchase |
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8,333,334
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Share price per unit | $ / shares |
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$ 0.75
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Underwritten Public Offering [Member] | Long Term Warrants [Member] |
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Warrants to purchase |
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8,333,334
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Share price per unit | $ / shares |
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$ 0.75
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Underwriter [Member] | Common Stock [Member] | Maximum [Member] |
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Number of shares of stock available for purchase |
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2,500,000
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Underwriter [Member] | Short Term Warrants [Member] |
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Number of warrants available for purchase |
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1,250,000
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Number of warrants purchased in period |
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1,250,000
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Warrants exercise price per share | $ / shares |
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$ 0.75
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Exercisable term of warrants |
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18 months
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Trading period |
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21 days
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Underwriter [Member] | Long Term Warrants [Member] |
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Number of warrants available for purchase |
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1,250,000
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Number of warrants purchased in period |
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1,250,000
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Warrants exercise price per share | $ / shares |
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$ 0.90
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Term of warrants |
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5 years
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November 2020 Public Offering [Member] |
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Proceeds from public offering | $ |
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$ 6,000,000
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November 2020 Public Offering [Member] | Dr. Frederick Telling [Member] |
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Warrants to purchase |
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100,000
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November 2020 Public Offering [Member] | Common Stock [Member] |
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Number of common stock issued in offering |
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14,189,189
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Share price per unit | $ / shares |
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$ 0.37
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Stock issued during the period exercised |
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2,128,378
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November 2020 Public Offering [Member] | Common Stock [Member] | Maximum [Member] |
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Number of shares of stock available for purchase |
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2,128,378
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December 2020 Registered Direct Offering [Member] |
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Proceeds from public offering | $ |
$ 6,500,000
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December 2020 Registered Direct Offering [Member] | Common Stock [Member] |
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Number of common stock issued in offering |
14,444,444
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Share price per unit | $ / shares |
$ 0.45
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Private Placement [Member] | Series B Convertible Preferred Stock [Member] |
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Number of accredited investors | Investors |
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4
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Description on preferred stock, conversion basis |
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The full $3,300,000 of Series B Convertible Preferred Stock is convertible, after giving effect to the reverse stock split into one million three hundred and twenty thousand and two shares of our Common Stock, based on a conversion of one share of Series B Preferred Stock into two shares of Common Stock. The purchase price per share of the Series B Preferred Stock is represented by $2.50 per share of the Common Stock on an as converted basis.
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Proceeds from issuance of private placement | $ |
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$ 3,300,000
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Private Placement [Member] | Warrants [Member] | Series B Convertible Preferred Stock [Member] |
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Warrants to purchase |
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1,064,518
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Warrants exercise price per share | $ / shares |
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$ 3.10
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Term of warrants |
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7 years
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|
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