Annual report pursuant to Section 13 and 15(d)

Related Party (Tables)

v3.20.1
Related Party (Tables)
12 Months Ended
Dec. 31, 2019
Related Party  
Schedule of Unsecured notes payable

Unsecured Note Payable

 

$ 13,154,931

 

 

$ 13,000,000

 

 

 

 

 

 

 

 

 

 

Less discounts and debt issuance costs

 

 

(5,243,033 )

 

 

(1,218,048 )

 

 

 

 

 

 

 

 

 

Total convertible notes payable

 

 

7,911,898

 

 

 

11,781,952

 

 

 

 

 

 

 

 

 

 

Less current portion

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

Convertible notes payable, net of current portion

 

$ 7,911,898

 

 

$ 11,781,952

 

Schedule of profit share liabilities

Profit Share as of January 1, 2019

 

$

-

 

Addition

 

1,954,383

 

Loss on change in fair value of profit share

 

 

374,462

 

 Profit Share as of December 31, 2019

 

$ 2,328,845