Acquisitions and Significant Transactions (Details Narrative) |
3 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|
|
Jun. 19, 2019
USD ($)
Integer
$ / shares
shares
|
Dec. 03, 2018
USD ($)
|
Mar. 29, 2020
USD ($)
|
Mar. 31, 2019
USD ($)
|
Dec. 29, 2019
USD ($)
|
|
| Payment of cash to acquire business | $ 500,000 | ||||
| Notes receivable | $ 250,000 | $ 250,000 | |||
| Maximum [Member] | |||||
| Debt, interest rate percentage | 7.50% | ||||
| Elevation Burger [Member] | Elevation Note [Member] | |||||
| Principal amount of note | $ 7,509,816 | ||||
| Debt, interest rate percentage | 6.00% | 13.10% | |||
| Maturity date | Jul. 31, 2026 | ||||
| Share price | $ / shares | $ 12.00 | ||||
| Yalla Mediterranean, LLC [Member] | |||||
| Purchase price of acquisition | $ 3,490,000 | ||||
| Yalla Mediterranean, LLC [Member] | Intellectual Property Purchase Agreement [Member] | |||||
| Purchase price of business | $ 2,239,000 | $ 2,154,000 | |||
| Effective accretion interest rate | 19.00% | 19.00% | |||
| Purchase price of acquisition | $ 3,490,000 | ||||
| Purchase price description | The purchase price for the intellectual property will be paid in the form of an earn-out, calculated as the greater of $1,500,000 or 400% of Yalla Income, which includes gross franchise royalties as well as other items, as defined in the IP Agreement. | ||||
| Purchase price of intellectual property | $ 1,790,000 | ||||
| Yalla Mediterranean Restaurants [Member] | Master Agreement [Member] | |||||
| Purchase price of business | $ 1,239,000 | $ 1,718,000 | |||
| Payment of cash to acquire business | $ 500,000 | ||||
| Earn-out payable | $ 1,700,000 | ||||
| Effective accretion interest rate | 5.40% | 5.40% | |||
| Purchase price description | The purchase price will be the greater of $1,000,000 or the sum of (i) the first $1,750,000 of gross sale proceeds received from the sale of the Yalla Mediterranean restaurants to franchisee/purchasers, plus (ii) the amount, if any, by which fifty percent (50%) of the net proceeds (after taking into consideration operating income or loss and transaction costs and expenses) from the sale of the Yalla Mediterranean restaurants exceeds $1,750,000. | ||||
| Elevation Burger [Member] | |||||
| Purchase price of business | $ 10,050,000 | ||||
| Number of locations | Integer | 44 | ||||
| Payment of cash to acquire business | $ 50,000 | ||||
| Number of warrants to purchase common stock | shares | 46,875 | ||||
| Exercise price per share | $ / shares | $ 8.00 | ||||
| Fair market value of contingent consideration | $ 531,000 | ||||
| Purchase price payable amount | $ 656,000 | $ 633,000 | |||
| Effective accretion interest rate | 18.00% | 18.00% | |||
| Purchase price of acquisition | 7,193,000 | ||||
| Elevation Burger [Member] | Maximum [Member] | |||||
| Earn-out payable | 2,500,000 | ||||
| Elevation Burger [Member] | Elevation Buyer Note [Member] | |||||
| Purchase price of business | $ 1,903,000 | $ 1,790,000 | $ 1,814,000 | ||
| Debt, interest rate percentage | 6.00% | ||||
| Maturity date | Aug. 31, 2026 | ||||
| Notes receivable | $ 2,300,000 | ||||