Quarterly report pursuant to Section 13 or 15(d)

Related Party (Tables)

v3.21.2
Related Party (Tables)
6 Months Ended
Jun. 30, 2021
Related Party (Tables)  
Schedule of Unsecured notes payable

 

 

June 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Unsecured note payable

 

$ 13,154,931

 

 

$ 13,154,931

 

 

 

 

 

 

 

 

 

 

Less discounts and debt issuance costs

 

 

(2,280,286 )

 

 

(3,260,647 )

 

 

 

 

 

 

 

 

 

Total unsecured note payable

 

 

10,874,645

 

 

 

9,894,284

 

 

 

 

 

 

 

 

 

 

Less current portion

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Unsecured note payable, net of current portion

 

$ 10,874,645

 

 

$ 9,894,284

 

Schedule of profit share liabilities

Profit Share as of January 1, 2021

 

$ 2,305,308

 

Addition

 

 

-

 

Loss on change in fair value of profit share

 

 

249,825

 

Profit Share as of June 30, 2021

 

$ 2,555,133

 

Profit Share as of January 1, 2020

 

$ 2,328,845

 

Addition

 

 

-

 

Gain on change in fair value of profit share

 

 

(252,390 )

Profit Share as of June 30, 2020

 

$ 2,076,455