Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Details)

v3.19.1
Commitments and Contingencies (Details) - USD ($)
1 Months Ended 12 Months Ended
Aug. 15, 2018
Jan. 02, 2018
Apr. 08, 2016
Aug. 10, 2013
Aug. 20, 2018
Apr. 25, 2018
Oct. 18, 2017
Oct. 18, 2015
Aug. 31, 2013
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2013
Commitments and Contingencies (Textual)
Accounts payable $ 39,915
Accrued expenses 75,000
Non-payment of research and development fees 268,695
Recorded settlement expense 200,000
Stock-based compensation 4,518,828 $ 6,712,752
Total unrecognized compensation expense related to unvested common shares 2,392,761
C-Bond Systems, LLC [Member]
Commitments and Contingencies (Textual)
Post-merger shares of common stock, value $ 25,000
Post-merger shares of common stock, shares 1,000,000
Former CEO [Member]
Commitments and Contingencies (Textual)
Common shares per share $ 0.031
Stock-based compensation $ 270,878
Employment Agreements [Member]
Commitments and Contingencies (Textual)
Option exercise price $ 0.031
Option, Assumptions used method Black-Scholes option pricing model
Risk-free interest rate 1.46%
Expected dividend yield 0.00%
Expected option term 5 years 9 months
Expected volatility 79.00%
Commitment date per unit fair value amount per share $ 0.021
Employment Agreements [Member] | Mr. Scott Silverman [Member]
Commitments and Contingencies (Textual)
Annual base salary $ 300,000
Stock options granted minimum 500,000
Strike price $ 0.31
Description of employment agreement As consideration for these services, the employment agreement provides Mr. Silverman with the following compensation and benefit: An annual base salary of $300,000, with a 10% increase on each anniversary date contingent upon achieving certain performance objectives as set by the Board. Until the Company raises $1,000,000 in debt or equity financing after entering into this agreement, Mr. Silverman will receive ½ of the base salary on a monthly basis with the other ½ being deferred. Upon the financing being raised, Mr. Silverman will receive the deferred portion of his compensation and his base salary will be paid in full moving forward. After the first $500,000 of equity investments is raised by the Company, after entering into this employment agreement, Mr. Silverman will receive a capital raise success bonus of 5% of all equity capital raised from investors/lenders introduced by him to the Company. . Annual cash performance bonus opportunity as determined by the Board. . An option to acquire 3,000,000 common shares of the Company, with a strike price of $0.31 per unit. These options will vest pro rata on a monthly basis for the term of the employment agreement. On each anniversary, Mr. Silverman will be eligible to be granted a minimum of 500,000 stock options of the Company at a strike price of $0.85 per common unit contingent upon the achievement of certain performance objectives. Certain other employee benefits and perquisites, including reimbursement of necessary and reasonable travel and participation in retirement and welfare benefits.
Financing received $ 1,240,000
Percentage of bonus provision 5.00%
Common shares per share $ 0.85
Employment Agreements [Member] | Pugliese [Member]
Commitments and Contingencies (Textual)
Annual base salary $ 180,000
Employment Agreements [Member] | Former CEO [Member]
Commitments and Contingencies (Textual)
Compensation converted into common shares 12,694,893
Subscription Agreement [Member]
Commitments and Contingencies (Textual)
Anti-dilution rights on common stock sales 1,175,902 3,880,480 2,425,300
Subsequent investments based upon enterprise value $ 2,000,000
Common shares per share $ 0.85 $ 0.77
Settlement and release agreement [Member]
Commitments and Contingencies (Textual)
Common shares issued for settlement, shares 500,000
Common shares issued for settlement, value $ 200,000
Recorded settlement expense $ 200,000
Common shares per share $ 0.40
Employment agreement [Member] | Vice president [Member]
Commitments and Contingencies (Textual)
Common shares per share $ 0.40
Percentage of commission on sales 5.00%
Shares of grant restricted stock award of common shares 500,000
Value of grant restricted stock award of common shares $ 200,000
Stock-based compensation 25,000
Vesting date Aug. 15, 2019
Vesting period 1 year
Total unrecognized compensation expense related to unvested common shares $ 175,000
Licensing agreement [Member]
Commitments and Contingencies (Textual)
Refundable license fee $ 10,000
Percentage of royalty payments on net sales 5.00%