Annual report pursuant to Section 13 and 15(d)

Related party (Details Narrative)

v3.20.1
Related party (Details Narrative) - USD ($)
1 Months Ended 12 Months Ended
Feb. 25, 2019
Nov. 29, 2016
Dec. 31, 2019
Dec. 31, 2018
Gain on debt restructuting     $ (3,412,204)  
Remaining debt discount     1,752,639 $ 678,061
Interest expense     $ 2,391,395 2,004,097
Secured Note [Member]        
Interest rate     15.00%  
Interest expense     $ 40,753 66,694
Principal outstanding on notes   $ 9,646,686 $ 271,686 $ 271,686
Maturity Date   Dec. 15, 2018 Aug. 25, 2022  
AC Midwest Subordinated Note [Member]        
Discount on debentures     $ 6,916,687  
Related party debt restructuring resulting in capital contribution     3,412,204  
Remaining debt discount     $ 1,070,819  
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, 2020  
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, 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.  
Amortized interest expense on note discount     $ 1,763,024  
debt discount premium     5,243,033  
Kaye Cooper Kay & Rosenberg, LLP [Member]        
Legal services expense     329,729  
MEEC [Member]        
Fair Value of sharing profit     $ 1,954,383  
Estimated time of profit sharing     17 years  
Quarterly payment to be made     $ 250,000  
Interest rate     21.00%