Quarterly report pursuant to Section 13 or 15(d)

Related Party (Tables)

v3.21.1
Related Party (Tables)
3 Months Ended
Mar. 31, 2021
Related Party (Tables)  
Schedule of Unsecured notes payable

 

 

March 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Unsecured note payable

 

$

13,154,931

 

 

$

13,154,931

 

 

 

 

 

 

 

 

 

 

Less discounts and debt issuance costs

 

 

(2,773,175

)

 

 

(3,260,647

)

 

 

 

 

 

 

 

 

 

Total unsecured note payable

 

 

10,381,756

 

 

 

9,894,284

 

 

 

 

 

 

 

 

 

 

Less current portion

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Unsecured note payable, net of current portion

 

$

10,381,756

 

 

$

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

 

 

121,054

 

Profit Share as of March 31, 2021

 

$

2,426,362

 

 

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