v3.20.1
Related Party Transactions and Balances (Details Textual) - USD ($)
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1 Months Ended |
3 Months Ended |
12 Months Ended |
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Related Party Transactions and Balances (Textual) |
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Long-term loan from a shareholder |
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$ 403,672
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$ 375,822
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Lender provided to related party |
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27,849
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$ 18,174
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Interest expenses loan |
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9,480
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7,030
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Professional service expense |
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28,500
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28,500
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License fee expense |
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12,500
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$ 12,500
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Aggregate consideration |
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$ 2,196,500
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$ 2,196,500
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Common Stock [ Member] |
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Related Party Transactions and Balances (Textual) |
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Issue common shares for capital, shares |
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6,655,750
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6,655,750
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Aggregate consideration |
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$ 2,196,500
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PBG Water Solutions International Inc. [Member] |
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Related Party Transactions and Balances (Textual) |
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License and supply agreement, description |
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PBG Water Solutions entered into a License and Supply Agreement with an individual shareholder who owned 50% of PBG Water Solutions’ common stock and the shareholder’s majority owned company Beijing QHY Environment S & T Co., Ltd. (“Beijing QHY”). Pursuant to the License and Supply Agreement and its Amendment entered into in June 2017, the individual shareholder and Beijing QHY (the “Licensor”) granted PBG the exclusive use of 21 patents in any area outside the People’s Republic of China (the “PRC”) for 20 years. A one-time fee of $1 million shall be paid before December 31, 2021, and royalties of 1% of the net revenue received by PBG from the sale, license or other distribution of the licensed products shall be paid annually
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Financial advisory agreement, description |
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PBG Water Solutions will pay Rebus $30,000 per quarter. The agreement has a term of five years from March 2018 but is cancellable by either party on sixty days' notice. The service fee for the first 3 months was waived by Rebus.
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PBG Water Solutions International Inc. [Member] | Shareholder [Member] |
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Related Party Transactions and Balances (Textual) |
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Ownership percentage |
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47.15%
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Credit Loan Agreement [Member] |
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Related Party Transactions and Balances (Textual) |
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Ownership percentage |
28.29%
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Loan amount |
$ 500,000
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Credit loan term |
2 Years
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Annual interest rate |
10.00%
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Cash less warrant to purchase of common stock |
50,000,000
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Exercise price |
$ 0.01
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Warrant exercisable, description |
(i) raises more than $20 million in equity or (ii) has revenue in excess of $100 million in any fiscal year.
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Lender cashless warrant term |
3 years
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X |
- DefinitionThe description of financial advisory agreement.
+ References
+ Details
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X |
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- DefinitionPeriod of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
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- DefinitionAmounts due from owners or owners with a beneficial interest of more than 10 percent of the voting interests or officers of the company, which are usually due after 1 year (or 1 business cycle).
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Period Type: |
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