Quarterly report pursuant to Section 13 or 15(d)

Related Party (Tables)

v3.22.2.2
Related Party (Tables)
9 Months Ended
Sep. 30, 2022
Related Party (Tables)  
Schedule of Unsecured notes payable

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Unsecured note payable

 

$ 13,154,931

 

 

$ 13,154,931

 

 

 

 

 

 

 

 

 

 

Less fair value adjustment on extinguishment

 

 

(488,274 )

 

 

-

 

 

 

 

 

 

 

 

 

 

Less discounts and debt issuance costs

 

 

-

 

 

 

(1,283,677 )

 

 

 

 

 

 

 

 

 

Total unsecured note payable

 

 

12,666,657

 

 

 

11,871,254

 

 

 

 

 

 

 

 

 

 

Less current portion

 

 

-

 

 

(11,871,254 )

 

 

 

 

 

 

 

 

 

Unsecured note payable, net of current portion

 

$ 12,666,657

 

 

$ -

 

Schedule of profit share liabilities

Profit Share as of January 1, 2022

 

$ 2,836,743

 

Addition

 

 

-

 

Loss on change in fair value of profit share

 

 

476,153

 

Profit Share as of September 30, 2022

 

$ 3,312,896

 

 

Profit Share as of January 1, 2021

 

$ 2,305,308

 

Addition

 

 

-

 

Loss on change in fair value of profit share

 

 

386,951

 

Profit Share as of September 30, 2021

 

$ 2,692,259