Quarterly report pursuant to Section 13 or 15(d)

Related Party (Tables)

v3.20.2
Related Party (Tables)
 9 Months Ended
Sep. 30, 2020
Related Party  
Schedule of Unsecured notes payable

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Unsecured note payable

 

$

 

13,154,931

 

 

 

$

 

13,154,931

 

 

 

 

 

 

 

 

 

 

 

Less discounts and debt issuance costs

 

 

(3,758,952

 

)

 

 

 

(5,243,033

 

)

 

 

 

 

 

 

 

 

 

 

Total unsecured note payable

 

 

9,395,979

 

 

 

 

7,911,898

 

 

 

 

 

 

 

 

 

 

 

Less current portion

 

 

-

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Unsecured note payable, net of current portion

 

$

 

9,395,979

 

 

 

$

 

7,911,898

 

 
Schedule of profit share liabilities

Profit Share as of January 1, 2020

 

$

 

2,328,845

 

 

Addition

 

 

-

 

 

Gain on change in fair value of profit share

 

 

(140,954

 

)

 

Profit Share as of September 30, 2020

 

$

 

2,187,891

 

 

                           

Profit Share as of January 1, 2019

 

$

 

-

 

 

Addition

 

 

1,954,383

 

 

Loss on change in fair value of profit share

 

 

255,847

 

 

Profit Share as of September 30, 2019

 

$

 

2,210,230