Quarterly report pursuant to Section 13 or 15(d)

Related party (Details Narrative)

v3.20.2
Related party (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Feb. 25, 2019
Nov. 29, 2016
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Interest expenses     $ 10,301 $ 10,301 $ 20,238 $ 20,490  
Amortized discount         985,777 766,415  
Unamortized balance of discount         4,257,256    
Remaining debt discount         981,462 $ 713,084  
AC Midwest Subordinated Note [Member]              
Discount on debentures     6,916,687   6,916,687    
Related party debt restructuring resulting in capital contribution         3,412,204    
Remaining debt discount         $ 1,070,819    
Market rate of interest         21.00%    
AC Midwest Unsecured Note [Member]              
Principal outstanding on notes $ 13,154,931 $ 13,000,000          
Maturity Date Aug. 25, 2022 Dec. 15, 2020          
Repayment of debt description         In connection with the New AC Midwest Unsecured Note the Company shall pay the principal outstanding, as well as the Profit Share, in an amount equal to 60.0% of Net Litigation Proceeds until such time as any litigation funder has been paid in full and, thereafter, in an amount equal to 75.0% of such Net Litigation Proceeds until the Unsecured Note and Profit Share have been paid in full. In addition, and within 30 days following the end of each fiscal quarter, the Company shall pay the principal outstanding and Profit Share in an aggregate amount equal to the Net Revenue Share (which means 60.0% of Net Licensing Revenue (as defined) from licensing the Company’s intellectual property) plus Adjusted Free Cash Flow until the Unsecured Note and Profit Share have been paid in full, provided, however, that such payments shall exclude the first $3,500,000 of Net Licensing Revenue and Adjusted Free Cash Flow achieved commencing with the fiscal quarter ending March 31, 2019.    
Secured Note [Member]              
Interest rate         15.00%    
Principal outstanding on notes   $ 9,646,686 271,686   $ 271,686   $ 271,686
Maturity Date   Dec. 15, 2018     Aug. 25, 2022    
David M. Kaye [Member]              
Related party debt     $ 93,750   $ 93,750   $ 43,750
MEEC [Member]              
Interest rate         21.00%    
Fair Value of sharing profit         $ 1,954,383    
Estimated time of profit sharing         18 years    
Yearly payment to be made         $ 1,000,000    
AC Midwest [Member]              
Equity ownership, percentage   5.00%          
Kaye Cooper Kay & Rosenberg, LLP [Member]              
Legal services expense         $ 100,000