Comparison of Restated Financial Statements to Financial Statements as Previously Reported (Details Textual) |
9 Months Ended |
|---|---|
Sep. 30, 2020 | |
| Accounting Changes and Error Corrections [Abstract] | |
| Restated financial statements, description | ● the recording of a liability for the $244,444 cash fee and the $172,248 issuance date value of the warrants due to A.G.P. related to the placement of the Dominion, Kingsbrook and Alpha Capital Anstalt convertible promissory notes and the related debt discount recorded against those convertible promissory notes; plus an additional $47,023 of related debt discount amortization; and also the related $35,149 increase in the fair value of the warrant liability as of September 30, 2020; ● the recording of a $309,211 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 $1,454,239 of contingent legal fees that became due prior to the issuance of the September 30, 2020 financial statements during the three months ended September 30, 2020; ● the recording of a liability for $42,640 for valuation work that was performed during the three months ended September 30, 2020 but was unrecorded; ● the recording of a $124,154 reduction in the advances due to 180 as a result of a mis-posting of the transactions during the nine months ended September 30, 2020; ● the recording of a liability for the $500,000 cash fee due to the former Chief Executive Officer in connection with the Resignation Agreement and the reapplication of a $200,000 subsequent payment to the former Chief Executive Officer against this liability, as intended, as opposed to a reduction of the March Promissory Note during the nine months ended September 30, 2020; ● the recording of stock-based compensation during the three and nine months ended September 30, 2020 of $0 and $2,625,000, respectively, with the issuance date 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 $2,021,705 of common stock subject to redemption (temporary equity) to common stock (permanent equity), due to the negative impact of the above adjustments on permanent equity. |