Quarterly report pursuant to Section 13 or 15(d)

Related Party (Tables)

v3.20.2
Related Party (Tables)
 3 Months Ended
Mar. 31, 2020
Convertible Notes Payable  
Schedule of Unsecured notes payable

 

 

March 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Unsecured note payable

 

$

13,154,931

 

 

$

13,154,931

 

 

 

 

 

 

 

 

 

 

Less discounts and debt issuance costs

 

 

(4,750,146

)

 

 

(5,243,033

)

 

 

 

 

 

 

 

 

 

Total unsecured note payable

 

 

8,404,785

 

 

 

7,911,898

 

 

 

 

 

 

 

 

 

 

Less current portion

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Unsecured note payable, net of current portion

 

$

8,404,785

 

 

$

7,911,898

 
Schedule of profit share liabilities

Profit Share as of January 1, 2020

 

$

2,328,845

 

Addition

 

 

-

 

Loss on change in fair value of profit share

 

 

123,650

 

Profit Share as of March 31, 2020

 

$

2,452,495

 

Profit Share as of January 1, 2019

 

$

-

 

Addition

 

 

1,954,383

 

Loss on change in fair value of profit share

 

 

37,557

 

Profit Share as of March 31, 2019

 

$

1,991,940