XML 70 R57.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Convertible Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of 12% Convertible Debentures | The following table represents the various financings of the 12% Convertible Debentures recognized during the year ended December 31, 2019 and carrying value as of December 31, 2019: Schedule of 12% Convertible Debentures
|  | Issuance Date |  |  | Total 12% |
|  | December 12, 2018 |  |  | March 18, 2019 |  |  | March 27, 2019 |  |  | April 8, 2019 |  |  | Convertible Debentures |
Principal amount of debt |  | $ | 9,540,000 |  |  | $ | 1,696,000 |  |  | $ | 318,000 |  |  | $ | 100,000 |  |  | $ | 11,654,000 |
Less issuance costs |  |  | (590,000 | ) |  |  | (96,000 | ) |  |  | (18,000 | ) |  |  | - |  |  |  | (704,000 | )
Net cash proceeds received |  | $ | 8,950,000 |  |  | $ | 1,600,000 |  |  | $ | 300,000 |  |  | $ | 100,000 |  |  | $ | 10,950,000 |
Principal amount of debt (excluding original issue discount) |  | $ | 9,540,000 |  |  | $ | 1,696,000 |  |  | $ | 318,000 |  |  | $ | 100,000 |  |  | $ | 11,654,000 |
Add conversion of debt from convertible debentures |  |  | 3,551,528 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3,551,528 |
Add: accrued interest |  |  | 1,711,273 |  |  |  | 164,083 |  |  |  | 29,754 |  |  |  | 8,933 |  |  |  | 1,914,043 |
Principal amount of debt including accrued interest |  |  | 14,802,801 |  |  |  | 1,860,083 |  |  |  | 347,754 |  |  |  | 108,933 |  |  |  | 17,119,571 |
Debt discount: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocated embedded derivative liabilities |  |  | (4,760,000 | ) |  |  | (822,000 | ) |  |  | (188,000 | ) |  |  | (64,000 | ) |  |  | (5,834,000 | )
Liquidated Damages recognized upon issuance |  |  | (706,944 | ) |  |  | (67,200 | ) |  |  | (12,600 | ) |  |  | (4,200 | ) |  |  | (790,944 | )
Issuance costs |  |  | (590,000 | ) |  |  | (106,000 | ) |  |  | (18,000 | ) |  |  | - |  |  |  | (714,000 | )
Subtotal debt discount |  |  | (6,056,944 | ) |  |  | (995,200 | ) |  |  | (218,600 | ) |  |  | (68,200 | ) |  |  | (7,338,944 | )
Less amortization of debt discount |  |  | 2,927,248 |  |  |  | 414,465 |  |  |  | 89,422 |  |  |  | 27,200 |  |  |  | 3,458,335 |
Unamortized debt discount |  |  | (3,129,696 | ) |  |  | (580,735 | ) |  |  | (129,178 | ) |  |  | (41,000 | ) |  |  | (3,880,609 | )
Carrying value at December 31, 2019 |  |  | 11,673,105 |  |  |  | 1,279,348 |  |  |  | 218,576 |  |  |  | 67,933 |  |  |  | 13,238,962 |
Less current portion |  |  | (534,993 | ) |  |  | - |  |  |  | (206,204 | ) |  |  | - |  |  |  | (741,197 | )
Carry value at December 31, 2019, net of current portion |  | $ | 11,138,112 |  |  | $ | 1,279,348 |  |  | $ | 12,372 |  |  | $ | 67,933 |  |  | $ | 12,497,765 |
For additional information for the years ended December 31, 2020 and 2019 with respect to interest expense related to the 12% Convertible Debentures is provided in Note 19.

X
- Definition Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount. + References No definition available. + Details
Name: | us-gaap_ConvertibleDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration