Annual report pursuant to Section 13 and 15(d)

Related Party (Tables)

v3.21.1
Related Party (Tables)
 12 Months Ended
Dec. 31, 2020
Related Party  
Schedule of Unsecured notes payable

 

 

 

December 31, 2020

 

 

December 31, 2019

 

Unsecured Note Payable

 

 $ 13,154,931

 

 

 $ 13,154,931

 

 

 

 

 

 

 

 

 

 

Less unamortized discounts and debt issuance costs

 

 

 (3,260,647 )

 

 

 (5,243,033 )

 

 

 

 

 

 

 

 

 

Total unsecured notes payable

 

 

 9,894,284

 

 

 

 7,911,898

 

 

 

 

 

 

 

 

 

 

Less current portion

 

 

 -

 

 

 

 -

 

 

 

 

 

 

 

 

 

 

Unsecured notes payable, net of current portion

 

 $ 9,894,284

 

 

 $ 7,911,898

 

 
Schedule of profit share liabilities

Profit Share as of January 1, 2020

 

$

2,328,845

 

Addition

 

-

 

Gain on change in fair value of profit share

 

 

(23,537

) 

 Profit Share as of December 31, 2020

 

$

2,305,308

 

              

Profit Share as of January 1, 2019

 

$

-

 

Addition

 

1,954,383

 

Loss on change in fair value of profit share

 

 

374,462

 

 Profit Share as of December 31, 2019

 

$

2,328,845