Commitments and contingencies (Details Narrative) - Subsequent Event [Member] - Timothy Swift [Member] |
1 Months Ended |
---|---|
Apr. 16, 2018
USD ($)
shares
| |
Base salary | $ | $ 275,000 |
Bonus description |
Bonus of up to 110% of his base salary and incentive equity compensation equal to approximately 130% of his base salary. |
Restricted shares issued | shares | 1,000,000 |
Restricted shares vesting description |
50% of the shares vesting immediately and the remaining shares vesting on October 1, 2018, unless Mr. Swift has resigned from employment or has been terminated for cause on or prior to that time. |
Warrant, description |
Pursuant to the warrant, Mr. Swift received the right to purchase 3,500,000 shares of the Companys common stock at $0.30 per share exercisable through April 1, 2023, with (i) 1,000,000 of the warrant shares vesting immediately; (ii) 2,000,000 of the warrant shares vesting on July 1, 2018, or another date as agreed in writing by both parties so long as the Company has closed a financing transaction consolidating the Companys debt, has raised an additional $5,000,000 in financing at such time, and Mr. Swift has not resigned from employment or been terminated for cause at that time; and (iii) 500,000 of the warrant shares vesting on December 31, 2018, so long as Mr. Swift has not resigned from employment or been terminated for cause at that time. |