Commitments and Contingencies (As Restated) (Details) - USD ($) |
1 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nov. 06, 2020 |
Nov. 03, 2020 |
Jun. 07, 2017 |
Jun. 26, 2020 |
Apr. 18, 2019 |
Apr. 10, 2019 |
Feb. 17, 2018 |
Jun. 30, 2020 |
Dec. 31, 2019 |
Nov. 25, 2020 |
Sep. 08, 2020 |
Oct. 17, 2018 |
Jun. 23, 2017 |
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Commitments and Contingencies (As Restated) (Textual) | |||||||||||||
Underwriting commitments, description | The Company granted the underwriters a 45-day option to purchase up to 1,500,000 additional Units to cover over-allotments at the Initial Public Offering price, less the underwriting discounts and commissions. On June 23, 2017, the underwriters elected to exercise their over-allotment option to purchase 1,500,000 Units at a purchase price of $10.00 per Unit. | ||||||||||||
Underwriting discount | $ 2,875,000 | ||||||||||||
Deferred underwriting fees | $ 4,025,000 | ||||||||||||
Purchased an aggregate, shares | 125,000 | ||||||||||||
Purchased an aggregate, per unit | $ 0.0225 | $ 10.00 | $ 10.10 | ||||||||||
Pecuniary interest, shares | 230,000 | ||||||||||||
Business combination operating expenses | 1,049,825 | ||||||||||||
Business combination description | Subject to the terms and conditions of the Business Combination Agreement, at the Closing, the Company will acquire 100% of the outstanding equity and equity equivalents of 180 (including options, warrants or other securities that have the right to acquire or convert into equity securities of the Company) in exchange for 17,500,000 shares of KBL Common Stock (the “Transaction Shares”), subject to adjustment. The total consideration will be reduced by the amount of any liabilities of 180 in excess of $5 million at the Closing. | ||||||||||||
Additional loans | $ 1,379,815 | 1,699,825 | |||||||||||
Deferred fee | 4,025,000 | ||||||||||||
Repaid loan | $ 330,000 | ||||||||||||
Mintz legal fees, description | Pursuant to this engagement, Mintz obtained an advance of $200,000 and agreed to charge the Company for their services on a time and disbursement basis. Besides the advance that was paid to Mintz, the remaining unbilled amounts were not due and payable unless, and until, a business combination occurred, upon which Mintz will be due a 30% premium in addition to its unpaid fees. Upon the closing of a business combination, the Company will be invoiced by Mintz for $1,472,070, which includes the premium. | ||||||||||||
Fee payable, percentage | 1.00% | ||||||||||||
Business combination, transaction | $ 5,000,000 | ||||||||||||
Business combination, description | The Company agreed to pay Cantor based on the following terms, but not to exceed $4,000,000:● if the acquiree in the transaction is not a KBL relationship, the Company agreed to pay Cantor 1.10% of the aggregate consideration involved in the transaction, subject a minimum fee of $2,000,000;● if the acquiree in the transaction is a KBL relationship, the Company agreed to pay Cantor 0.825% of the aggregate consideration involved in the transaction, subject a minimum fee of $1,500,000;● if another entity is providing merger and acquisition services and the acquiree in the transaction is not a KBL relationship, the Company agreed to pay Cantor 1.10% of the aggregate consideration involved in the transaction, minus the fee owed to the other entity, subject a minimum fee of $1,500,000; and● if another entity is providing merger and acquisition services and the acquiree in the transaction is a KBL relationship, the Company agreed to pay Cantor 0.825% of the aggregate consideration involved in the transaction, minus the fee owed to the other entity, subject a minimum fee of $1,500,000. | ||||||||||||
Resignation agreement, description | Pursuant to the Resignation Agreement discussed in Note 8, the Company committed to issue 25,568 shares of common stock to 180 in exchange for $135,000 of cash, which has not closed as of June 30, 2020. | ||||||||||||
Subsequent Event [Member] | |||||||||||||
Commitments and Contingencies (As Restated) (Textual) | |||||||||||||
Conversion price | $ 2.00 | $ 2.00 | |||||||||||
Restricted common stock, shares | 150,000 | 100,000 | |||||||||||
Series A Convertible Preferred Stock[Member] | |||||||||||||
Commitments and Contingencies (As Restated) (Textual) | |||||||||||||
Preferred Stock, shares authorized | 1,000,000 | ||||||||||||
Aggregate purchase price | $ 3,000,000 | ||||||||||||
Conversion price | $ 5.28 | ||||||||||||
Underwriters [Member] | |||||||||||||
Commitments and Contingencies (As Restated) (Textual) | |||||||||||||
Deferred fee | $ 4,025,000 | ||||||||||||
IPO [Member] | |||||||||||||
Commitments and Contingencies (As Restated) (Textual) | |||||||||||||
Purchased an aggregate, shares | 1,500,000 | ||||||||||||
Purchased an aggregate, per unit | $ 10.00 | $ 10.00 | |||||||||||
Founder Shares [Member] | IPO [Member] | |||||||||||||
Commitments and Contingencies (As Restated) (Textual) | |||||||||||||
Description of sponsor deposited in escrow | In connection with the Business Combination Agreement, the Sponsor deposited in escrow with a third-party escrow agent 1,406,250 of its Founder Shares that it acquired prior to the Company’s Initial Public Offering (the “Escrowed Shares”). Contingent upon fulfillment of Tyche’s obligations under the Tyche Backstop agreement, the Escrowed Shares are to be transferred to Tyche, less any portion used for financing for the Transaction, upon the earlier of (i) the closing of the Transaction or (ii) a Liquidation; provided, that if the Company consummates its initial Business Combination with a third party other than 180 or its affiliates, upon the consummation of such Business Combination, in addition to paying the loans described above, the Sponsor will transfer to Tyche a number of Escrowed Shares equal in value to three times the amount of the loans, with each Escrowed Share valued at the price paid to each public stockholder that redeems its shares in connection with such initial Business Combination. | ||||||||||||
Business Combination [Member] | |||||||||||||
Commitments and Contingencies (As Restated) (Textual) | |||||||||||||
Related party transaction, description | The loans are interest-free and can be pre-paid at any time without penalty, but are required to be paid back (subject to a customary waiver against the Company's Trust Account) upon the earlier of (i) the closing of the Transaction, (ii) the consummation by the Company of a transaction with a third party constituting the Company's initial Business Combination, or (iii) the liquidation of the Company if it does not consummate an initial Business Combination prior to its deadline to do so (a "Liquidation"). Promptly after signing the Term Sheet, the Company received the loan of $400,000 to fund the Operating Expenses. | ||||||||||||
Business combination operating expenses | $ 400,000 | $ 840,482 | |||||||||||
Business combination extension expenses | $ 300,000 | ||||||||||||
Sponsor [Member] | Promissory Note [Member] | |||||||||||||
Commitments and Contingencies (As Restated) (Textual) | |||||||||||||
Related party transaction, description | In connection with the Term Sheet, 180 paid, on the Company’s behalf, $650,000 to the Sponsor to purchase $650,000 of the obligations owed to the Sponsor under the March Promissory Note (the “Tyche Note”), but Tyche waived any rights under the assigned portion of the March Promissory Note to convert the obligations under the assigned portion of the March Promissory Note into units of the post-Business Combination entity. Pursuant to the Term Sheet, Tyche also agreed to provide equity financing for the Transaction to ensure that the Company has sufficient cash at the closing of the Transaction to meet its $5,000,001 net tangible assets test. In December 2019, the $650,000 Tyche Note was transferred to 180. |