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Notes Payable - Unrelated Parties (Tables)
 3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Notes Payable to Unrelated Parties

The table below summarizes all notes payable at March 31, 2021 and December 31, 2020, respectively, with the exception of related party notes disclosed in Note 10 “Notes Payable - Related Parties.”

 

    March 31, 2021     December 31, 2020  
PPP Note Payable (a)   $ -     $ 838,700  
2020 Notes     2,000,000       2,000,000  
Total notes payable   $ 2,000,000     $ 2,838,700  
Less unamortized debt issuance costs     (198,833 )     (224,767 )
Less unamortized debt discount     (204,444 )     (231,111  
Less current portion     -       (580,638  
Long-term portion of notes payable   $ 1,596,723     $ 1,802,184  

 

  (a) The full amount of the principal and interest on the PPP Note was forgiven on January 20, 2021.
Schedule of Future Minimum Principal Payments of Notes Payable

Future minimum principal payments of the 2020 Notes are as follows:

 

As of March 31,   Amount  
2023   $ 2,000,000  
Total   $ 2,000,000