Processa Pharmaceuticals, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Related Party Line of Credit Agreements (Details Narrative)

v3.21.1

Related Party Line of Credit Agreements (Details Narrative) - USD ($)		12 Months Ended
	Oct. 06, 2020	Dec. 31, 2020	Sep. 30, 2020	Sep. 20, 2019
DKBK Enterprises, LLC [Member] \| Underwritten Public Offering [Member]
Debt conversion principal amount	$ 700,000
Debt conversion into shares	199,537
LOC Agreements [Member] \| DKBK Enterprises, LLC [Member]
Revolving line of credit commitment				$ 700,000
Line of credit, drawn value			$ 700,000
Number of common shares held		215,703
LOC Agreements [Member] \| DKBK Enterprises, LLC [Member] \| Underwritten Public Offering [Member]
Debt conversion principal amount	$ 700,000
Debt conversion into shares	199,537
Debt conversion price per share	$ 3.60
LOC Agreements [Member] \| CorLyst, LLC [Member]
Revolving line of credit commitment				700,000
Beneficially owned common shares		1,129,331
Two LOC Agreements [Member] \| Lenders [Member]
Revolving line of credit commitment				$ 1,400,000
Line of credit annual interest rate				8.00%

- Definition

Beneficially owned common shares.

+ References

No definition available.

+ Details

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Namespace Prefix:	PCSA_
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Balance Type:	na
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- Definition

Line of credit, drawn value.

+ References

No definition available.

+ Details

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Namespace Prefix:	PCSA_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Number of common shares held.

+ References

No definition available.

+ Details

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Namespace Prefix:	PCSA_
Data Type:	xbrli:sharesItemType
Balance Type:	na
Period Type:	instant

- Definition

The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
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-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4332-108586

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Period Type:	duration

- Definition

The number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 5
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-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4304-108586

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- Definition

The price per share of the conversion feature embedded in the debt instrument.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 5
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120520924&loc=SL6031898-161870

+ Details

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Balance Type:	na
Period Type:	instant

- Definition

The effective interest rate at the end of the reporting period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

+ References

+ Details

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