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Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Summary of Outstanding Debt Obligations

A summary of outstanding debt obligations as of December 31, 2021, are as follows:

Loan Description		Current Interest Rate				Maturity Date		Balance (Euro)				Balance ($)				Current Portion				Long-term Portion
Domestic:
Convertible senior secured    note		10% OID				April-22			-				2,590,909				2,590,909				-
								€	-			$	2,590,909			$	2,590,909			$	-
Foreign:
Uni Credit Bank AG		1.57%				March-22		€	500,000			$	568,825			$	568,825			$	-
Uni Credit Bank AG		1.49%				June-22			500,000				568,826				568,826				-
								€	1,000,000			$	1,137,651			$	1,137,651			$	-
												$	3,728,560			$	3,728,560			$	-

Outstanding debt obligations as of December 31, 2021, consist of the following:

Period Ended December 31, 2021		Convertible Note				Foreign				Total
Current portion:
Principal		$	2,590,909			$	1,137,651			$	3,728,560
Less discount			(1,161	)			-				(1,161	)
Less loan origination costs			(1,223	)			-				(1,223	)
Net liability		$	2,588,525			$	1,137,651			$	3,726,176

Schedule of Total Future Payments under Notes Payable

Total future payments under the notes payable described above as of December 31, 2021, are as follows:

Period Ending December 31, 2022		Convertible Note				Foreign				Total				Discount / Loan Original Costs
Current portion of notes payable		$	2,590,909			$	1,137,651			$	3,728,560			$	(2,384	)
Total minimum payments		$	2,590,909			$	1,137,651			$	3,728,560			$	(2,384	)

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- References

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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