Related party (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | |||||
---|---|---|---|---|---|---|---|---|
Feb. 25, 2019 |
Nov. 29, 2016 |
Sep. 30, 2021 |
Sep. 30, 2020 |
Mar. 31, 2019 |
Sep. 30, 2021 |
Sep. 30, 2020 |
Dec. 31, 2020 |
|
Interest expenses | $ 10,215 | $ 10,415 | $ 1,504,152 | $ 30,653 | ||||
Unamortized balance of discount | 1,677,469 | |||||||
Debt issuance costs | 109,929 | 109,929 | ||||||
Proceeds from issuance of equity securities | 1,200,000.0 | |||||||
Remaining debt discount | 1,777,243 | 1,477,771 | ||||||
Debt Repayment Agreement [Member] | ||||||||
Profit share valuation | 2,305,308 | |||||||
Profit share valuation adjusted | $ 4,026,567 | |||||||
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 | ||||||
Kaye Cooper Kay & Rosenberg, LLP [Member] | ||||||||
Related party debt | 181,250 | $ 181,250 | $ 168,750 | |||||
Legal services expense | $ 212,873 | $ 137,500 | ||||||
MEEC [Member] | ||||||||
Interest rate | 21.00% | |||||||
Fair Value of sharing profit | $ 1,954,383 | |||||||
Yearly payment description | estimated term of sixteen years with between $100,000 to $350,000 paid quarterly starting in February 2024, and an annual market interest rate of 21%. | |||||||
AC Midwest Subordinated Note [Member] | ||||||||
Interest expenses | $ 1,484,082 | $ 1,382,366 | ||||||
Remaining debt discount | 1,070,819 | |||||||
Discount on debentures | 6,916,687 | 6,916,687 | ||||||
Related party debt restructuring resulting in capital contribution | $ 3,412,204 | |||||||
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, 2018 | ||||||
Net licensing revenue | $ 3,500,000 | |||||||
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 | |||||||
AC Midwest Unsecured Note [Member] | AC Midwest [Member] | ||||||||
Principal outstanding on notes | $ 6,577,465 | $ 6,577,465 | ||||||
Percentages of remaining outstanding principal balance | 50.00% | |||||||
Percentages of aggregate outstanding principal balance | 50.00% |