Series A-1 Preferred Stock - Additional Information (Details) - shares |
1 Months Ended | 12 Months Ended | |
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Apr. 30, 2021 |
Jan. 01, 2022 |
Jan. 02, 2021 |
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Conversion Description | Conversion Ratio” per share of the Series A-1 Convertible Preferred Stock in connection with any conversion shall be at a ratio of 20:1, one share of Series A-1 Convertible Preferred Stock | ||
Preferred stock, outstanding shares (in shares) | 238,729 | 259,729 | |
Series A Convertible Preferred Stock | |||
Preferred stock, voting rights | Each holder of a share of Series A Convertible Preferred Stock has a number of votes as is determined by multiplying (i) the number of shares of Series A Preferred Stock held by such holder, and (ii) 17. The holders of Series A-1 Convertible Preferred Stock vote together with all other classes and series of common and preferred stock of the Company as a single class on all actions to be taken by the common stockholders of the Company, except to the extent that voting as a separate class or series is required by law. | ||
Series A1 Convertible Preferred Stock | |||
Number of preferred converted to common stock | 21,000 | ||
Number of shares issued upon exchange of Convertible Preferred Stock | 420,000 | ||
Convertible preference stock conversion term | 1:20 | ||
Conversion Description | Shares of Series A-1 Convertible Preferred Stock are convertible into the Company’s common shares at a ratio of 1:20. | ||
Preferred stock, outstanding shares (in shares) | 238,729 | 259,729 | |
Preferred stock, redemption terms | The Series A-1 Convertible Preferred Stock has no redemption rights by JanOne, or any other entity. |
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- Definition The number of new shares issued in the conversion of stock in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares issued for each share of convertible preferred stock that is converted. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of conversion terms for preferred stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of conversion terms for debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The redemption terms of preferred stock of an entity that has priority over common stock in the distribution of dividends and in the event of liquidation of the entity. The redemption features of this capital stock are solely within the control of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of voting rights of nonredeemable preferred stock. Includes eligibility to vote and votes per share owned. Include also, if any, unusual voting rights. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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