Quarterly report pursuant to Section 13 or 15(d)

Related Party (Tables)

v3.22.1
Related Party (Tables)
3 Months Ended
Mar. 31, 2022
Related Party (Tables)  
Schedule of Unsecured notes payable

 

 

March 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Unsecured note payable

 

$ 13,154,931

 

 

$ 13,154,931

 

 

 

 

 

 

 

 

 

 

Less discounts and debt issuance costs

 

 

(796,204 )

 

 

(1,283,677 )

 

 

 

 

 

 

 

 

 

Total unsecured note payable

 

 

12,358,727

 

 

 

11,871,254

 

 

 

 

 

 

 

 

 

 

Less current portion

 

 

(12,358,727 )

 

 

(11,871,254 )

 

 

 

 

 

 

 

 

 

Unsecured note payable, net of current portion

 

$ -

 

 

$ -

 

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

 

 

148,961

 

Profit Share as of March 31, 2022

 

$ 2,985,704

 

 

Profit Share as of January 1, 2021

 

$ 2,305,308

 

Addition

 

 

-

 

Loss on change in fair value of profit share

 

 

121,054

 

Profit Share as of March 31, 2021

 

$ 2,426,362