Key Recent Events and Management Plans (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
---|---|---|---|---|---|---|---|---|
Sep. 30, 2018 |
Mar. 31, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Dec. 31, 2017 |
Oct. 05, 2016 |
Jan. 09, 2015 |
|
Recent events description | By way of a letter dated November 28, 2017, the Listing Qualifications Department of NASDAQ advised the Company that it did not comply with NASDAQ Listing Rule 5550(a)(2) for continued listing, because the Company's common stock did not meet NASDAQ's minimum $1.00 bid price requirement (the "Price Requirement"). The Company informed Nasdaq that the Company is fully committed to regain compliance with the Price Requirement as quickly as possible and, therefore, proposed to institute a reverse stock split. NASDAQ approved of the Company's proposal of a reverse stock split and granted the Company until November 26, 2018, for the Company to be in compliance with the Price Requirement. The Company's latest reported stock price on November 13, 2018 was $2.46. If the Company's stock remains priced above $1.00 by the end of trading on November 21, 2018, it is expected that Nasdaq would give the Company notice of its compliance with the Price Requirement. | |||||||
Number of shares granted | ||||||||
Settelment amount payment | $ 930,000 | $ 930,000 | ||||||
Administrative Expenses - Related Party | 56,425 | 75,342 | ||||||
Trade and Other Payables - Related Party | $ 47,187 | $ 47,187 | $ 39,821 | |||||
Common stock, shares outstanding | 11,779,584 | 11,779,584 | 5,543,867 | |||||
Proceeds from public offering | $ 9,478,897 | |||||||
Additional expenses from exercise of warrants | $ 7,155,200 | $ 981,948 | ||||||
Proceeds from issuance of common stock | $ 3,413,311 | |||||||
Financial Consulting Strategies LLC [Member] | ||||||||
Trade and Other Payables - Related Party | $ 22,862 | $ 22,862 | ||||||
2013 Plan [Member] | ||||||||
Number of shares granted | 50,000 | |||||||
2013 Plan [Member] | Minimum [Member] | ||||||||
Number of shares available under stock plan | 100,000 | 50,000 | ||||||
2013 Plan [Member] | Maximum [Member] | ||||||||
Number of shares available under stock plan | 103,750 | 100,000 | ||||||
November 13 2018 [Member] | ||||||||
Share price | $ 2.46 | $ 2.46 | ||||||
October 9 2018 [Member] | ||||||||
Settelment amount payment | $ 930,000 | |||||||
November 2 2018 [Member] | ||||||||
Common stock shares sold during period | 694,445 | |||||||
Exercise price of warrant issued to purchase of common stock | $ 3.76 | $ 3.76 | ||||||
Commom stock shares owned | 4.99% | 4.99% | ||||||
Proceeds from issuance of common stock | $ 2,000,000 | |||||||
November 2 2018 [Member] | Common Stock and Warrants [Member] | ||||||||
Share price | $ 2.88 | $ 2.88 | ||||||
November 7 2018 [Member] | ||||||||
Exercise price of warrant issued to purchase of common stock | $ 3.76 | $ 3.76 | ||||||
Reverse stock split ratio | Reverse stock split of its common stock at a ratio of eight-for-one (8-for-1). | |||||||
Common stock, shares outstanding | 12,474,028 | 12,474,028 | ||||||
Cash and marketable securities | $ 6,200,000 | $ 6,200,000 | ||||||
Working capital | $ 6,200,000 | $ 6,200,000 |