Comparison of Restated Financial Statements to Financial Statements As Previously Reported (Details Textual) |
6 Months Ended |
|---|---|
Jun. 30, 2020 | |
| Comparison of Restated Financial Statements to Financial Statements As Previously Reported (Textual) | |
| Restated financial statements, description | ● the recording of a liability for the $155,555 cash fee and the $96,011 value of the warrants due to A.G.P related to the placement of the Dominion and Kingsbrook convertible promissory notes and the related debt discount recorded against those convertible promissory notes as of June 30, 2020; ● the recording of a $144,085 reduction of the beneficial conversion features associated with the convertible promissory notes and the related reduction of the debt discount; ● the recording of a liability for the $500,000 cash fee due to the former Chief Executive Officer in connection with the Resignation Agreement as of June 30, 2020; ● the recording of stock-based compensation during the three and six months ended June 30, 2020 of $2,625,000 and $2,625,000, respectively, for the value of the 500,000 shares of common stock that the Company is obligated to replace with the Escrow Agent after the Escrow Agent became obligated to return 500,000 Founder Shares to the Sponsor, both as a result of the Resignation Agreement; and ● the recording of the transfer of $3,269,085 of common stock subject to redemption (temporary equity) to common stock (permanent equity), in order to maintain stockholders' equity in excess of $5,000,001 as of June 30, 2020. |