Annual report pursuant to Section 13 and 15(d)

Debt (Tables)

v3.20.1
Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Repayments of Debt

    Year Ended  
    December 31, 2019  
Bi-monthly Installment Amount principal repayments - common stock   $ 1,727,500  
Accelerated Installment Amount principal repayments - common stock     3,016,500  
Voluntary conversion price adjustments principal repayments - common stock     1,314,000  
Sub-Total: principal repayments - common stock     6,058,000  
Non-installment payments - common stock     199,847  
Total Installment repayments and Non-Installment payments - common stock   $ 6,257,847  
Fair Value - Common Stock Issued   $ 8,089,163  
Debt Extinguishment Loss   $ 1,831,316  

Schedule of Extinguishment of Debt

Senior Secured Note - Debt Extinguishment   December 27, 2018  
Cash payment   $ 5,000,000  
Fair value - 600,000 shares of common stock issued     550,440  
Debt reacquisition price Senior Secured Note   $ 5,550,440  
         
Senior Secured Note - original principal   $ 5,000,000  
Senior Secured Note - additional principal - unpaid interest expense     780,116  
Senior Secured Note - total principal   $ 5,780,116  
Less: Senior Secured Note - remaining unamortized debt discount     (1,637,972 )
Senior Secured Note - debt carrying value, net   $ 4,142,144  
         
Debt extinguishment loss   $ (1,408,296 )