XML 71 R59.htm IDEA: XBRL DOCUMENT v3.21.2
Loans Payable - Note 9 - Litigation Financing Note - Additional Information (Detail) - USD ($)
 1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Jun. 14, 2021
Dec. 12, 2020
Jun. 14, 2019
Jan. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Interest Expense         $ 2,866,959 $ 1,858,456 $ 7,876,688 $ 4,755,771  
Warrants exercise price         $ 0.0001   $ 0.0001   $ 0.0001
Debt discount amount           1,063,811   1,063,811  
Amortization of Debt Discount         $ 10,864 78,050 $ 195,863 217,028  
Loans payable         44,673,808   44,673,808   $ 42,593,268
Amount receivable related to a loss contingency         15,815,432   15,815,432   11,489,029
Litigation Financing [Member]                  
Debt discount amount         716,542   716,542   890,962
Litigation Financing [Member] | Loans Payable [Member]                  
Debt discount amount         330,517   330,517   347,786
Loans payable         15,665,532   15,665,532   10,968,729
Amount receivable related to a loss contingency         16,712,591   16,712,591   12,207,477
Amended and Restated International Claims Enforcement Agreement [Member]                  
Litigation Settlement Loans Payable       $ 2,200,000          
Litigation Settlement Loans Payable Transaction Costs       $ 200,000          
Warrants exercise price       $ 3.99          
Second Amended and Restated International Claims Enforcement Agreement [Member]                  
Claims Payment Maximum Amount   $ 20,000,000              
Litigation Settlement Loans Payable Transaction Costs   200,000         80,000    
Third Amended And Restated International Claims Enforcement Agreement [Member]                  
Claims Payment Maximum Amount $ 25,000,000                
Increase Decrease In Claims Amount Agreed To Be Financed In Connection With Litigation To Be Settled $ 5,000,000.0                
Claims Amount Agreed To Be Financed In Connection With Litigation To Be Settled Description The Third Restated Agreement requires the Claimholder to request $2.5 million of the Incremental Amount (the “First $2.5 Million”). Within 15 days after exhaustion of the First $2.5 Million, the Claimholder may either (a) request the remaining $2.5 million (the “Second $2.5 Million”) of the Incremental Amount or (b) notify the Funder that the Claimholder has decided to self-fund the Second $2.5 Million.                
Phase Three [Member] | Second Amended and Restated International Claims Enforcement Agreement [Member]                  
Claims Payment Maximum Amount   $ 10,000,000              
Pending Litigation [Member] | Phase One [Member] | Proceeds One [Member]                  
Description of conditions for distribution of proceeds to the claimholder and funder     first, 100.0% to the Funder, until the cumulative amount distributed to the Funder equals the total Claims Payments paid by the Funder under Phase I;            
Pending Litigation [Member] | Phase One [Member] | Proceeds Two [Member]                  
Description of conditions for distribution of proceeds to the claimholder and funder     second, 100.0% to the Funder until the cumulative amount distributed to the Funder equals an IRR of 20% of Claims Payments paid by the Funder under Phase I (“Phase I Compensation”), per annum; and            
Pending Litigation [Member] | Phase One [Member] | Proceeds Three [Member]                  
Description of conditions for distribution of proceeds to the claimholder and funder     thereafter, 100.0% to the Claimholder.            
Pending Litigation [Member] | Phase Two [Member] | Proceeds One [Member]                  
Description of conditions for distribution of proceeds to the claimholder and funder     first, 100.0% to the Funder until the cumulative amount distributed to the Funder equals the total Claims Payments paid by the Funder under Phases I and II;            
Pending Litigation [Member] | Phase Two [Member] | Proceeds Two [Member]                  
Description of conditions for distribution of proceeds to the claimholder and funder     second, 100.0% to the Funder until the cumulative amount distributed to the Funder equals an additional 300.0% of Phase I Investment Amount; plus an additional 300% of the Tranche A Committed Amount (i.e. 300.0% of $3.5 million), less any amounts remaining of the Tranche A Committed Amount that the Funder did not pay as Claims Payments; plus an additional 300.0% of the Tranche B Committed Amount (i.e. 300.0% of $1.5 million), if the Claimholder exercises the Tranche B funding option, less any amounts remaining of the Tranche B Committed Amount that the Funder did not pay as Claims Payments;            
Pending Litigation [Member] | Phase Two [Member] | Proceeds Three [Member]                  
Description of conditions for distribution of proceeds to the claimholder and funder     third, for each $10,000 in specified fees and expenses paid by the Funder under Phase I and Phase II and any amounts over each $10,000 of the Tranche A Committed Amount and the Tranche B Committed Amount (if the Claimholder exercises the Tranche B funding option), 0.01% of the total Proceeds from any recoveries after repayment of (i) and (ii) above, to the Funder; and            
Pending Litigation [Member] | Phase Two [Member] | Proceeds Four [Member]                  
Description of conditions for distribution of proceeds to the claimholder and funder     thereafter, 100% to the Claimholder.            
Poplar Falls LLC [Member] | Pending Litigation [Member]                  
Claims Payment Maximum Amount     $ 6,500,000            
Interest Expense         1,927,179 1,052,726 5,187,181 2,399,154  
Proceeds from advance                 2,000,000.0
Payments of Financing Costs                 200,000
Debt discount amount                 $ 1,063,811
Amortization of Debt Discount         63,689 52,688 174,420 109,957  
Interest from the fee amortization         $ 36,724 $ 12,766 $ 97,269 $ 34,043  
Poplar Falls LLC [Member] | Pending Litigation [Member] | Phase One [Member]                  
Claims Payment Maximum Amount     1,500,000            
Cost Of Funding The Claims For Litigation     80,000            
Poplar Falls LLC [Member] | Pending Litigation [Member] | Phase Two [Member]                  
Claims Payment Maximum Amount     5,000,000            
Cost Of Funding The Claims For Litigation     80,000            
Poplar Falls LLC [Member] | Pending Litigation [Member] | Phase Two [Member] | Tranch A [Member]                  
Claims amount option to request     3,500,000            
Poplar Falls LLC [Member] | Pending Litigation [Member] | Phase Two [Member] | Tranch B [Member]                  
Claims amount option to request     $ 1,500,000