Unsecured Note Payable (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | |||
|---|---|---|---|---|---|---|
Feb. 25, 2019 |
Nov. 29, 2016 |
Jun. 30, 2019 |
Jun. 30, 2019 |
Jun. 30, 2018 |
Dec. 31, 2018 |
|
| Gain on debt restructuting | $ (3,412,204) | |||||
| Maturity date | Jan. 31, 2024 | |||||
| AC Midwest Unsecured Note [Member] | ||||||
| Discount | $ 11,113,087 | |||||
| Repayment of debt description | 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. | |||||
| Principal amount | $ 13,154,931 | $ 13,000,000 | ||||
| Maturity date | Aug. 25, 2022 | Dec. 15, 2020 | ||||
| Market rate of interest | 21.00% | |||||
| Amortized interest expense on note discount | 628,286 | $ 837,714 | ||||
| debt discount premium | $ 10,225,373 | $ 10,225,373 | ||||