Annual report pursuant to Section 13 and 15(d)

Related Party (Tables)

v3.22.1
Related Party (Tables)
12 Months Ended
Dec. 31, 2021
Related Party (Tables)  
Schedule of Unsecured notes payable

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Unsecured note payable

 

$ 13,154,931

 

 

$ 13,154,931

 

 

 

 

 

 

 

 

 

 

Less discounts and debt issuance costs

 

 

(1,283,677 )

 

 

(3,260,647 )

 

 

 

 

 

 

 

 

 

Total unsecured note payable

 

 

11,871,254

 

 

 

9,894,284

 

 

 

 

 

 

 

 

 

 

Less current portion

 

 

(11,871,254 )

 

 

-

 

 

 

 

 

 

 

 

 

 

Unsecured note payable, net of current portion

 

$ -

 

 

$ 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

 

 

531,435

 

Profit Share as of December 31, 2021

 

$ 2,836,743

 

 

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