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INVESTMENTS - RELATED PARTIES (Tables) | 9 Months Ended
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Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract] |
Schedule of investments | Investments in AVLP and Alzamend Neuro, Inc. (“Alzamend”) at September 30, 2020 and December 31, 2019, are comprised of the following:
|  | September 30, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Investment in convertible promissory note of AVLP |  | $ | 10,153,661 |  |  | $ | 9,595,079 |
Investment in convertible promissory note of Alzamend |  |  | 50,000 |  |  |  | — |
Accrued interest in convertible promissory note of AVLP |  |  | 2,025,475 |  |  |  | 2,025,475 |
Total investment in convertible promissory note of AVLP – Gross |  |  | 12,229,136 |  |  |  | 11,620,554 |
Less: original issue discount |  |  | (9,904 | ) |  |  | — |
Less: provision for loan losses |  |  | (5,159,910 | ) |  |  | (5,079,834 | )
Total investment in convertible promissory note of AVLP and Alzamend |  |  | 7,059,322 |  |  |  | 6,540,720 |
Investment in derivative instruments of AVLP |  |  | 2,490,794 |  |  |  | 1,330,684 |
Investment in common stock of AVLP |  |  | 259,786 |  |  |  | 238,602 |
Investment in common stock and warrants of Alzamend |  |  | 587,686 |  |  |  | 558,938 |
Investment in derivative instruments and common stock of AVLP and Alzamend |  |  | 3,338,266 |  |  |  | 2,128,224 |
Total investment in AVLP and Alzamend – Net |  | $ | 10,397,588 |  |  | $ | 8,668,944 |
Investment in warrants and common stock of AVLP and Alzamend |  | $ | 3,338,266 |  |  | $ | 2,128,224 |
Investment in convertible promissory note of AVLP and Alzamend |  |  | 7,059,322 |  |  |  | 6,540,720 |
Total investment in AVLP and Alzamend – Net |  | $ | 10,397,588 |  |  | $ | 8,668,944 |
Schedule of summarizes the changes in our investments | The following table summarizes the changes in our investments in AVLP and Alzamend during the nine months ended September 30, 2020:
|  | Investment in |  |  | Investment in |  |  |  |
|  | warrants and |  |  | convertible |  |  | Total |
|  | common stock |  |  | promissory |  |  | investment |
|  | of AVLP and |  |  | note of AVLP |  |  | in AVLP and |
|  | Alzamend |  |  | and Alzamend |  |  | Alzamend – Net |
Balance at January 1, 2020 |  | $ | 2,128,224 |  |  | $ | 6,540,720 |  |  | $ | 8,668,944 |
Investment in convertible promissory notes of AVLP |  |  | — |  |  |  | 478,506 |  |  |  | 478,506 |
Investment in convertible promissory note of Alzamend |  |  | — |  |  |  | 38,128 |  |  |  | 38,128 |
Investment in common stock of AVLP and Alzamend |  |  | 12,884 |  |  |  | — |  |  |  | 12,884 |
Investment in warrants of Alzamend |  |  | 11,872 |  |  |  | — |  |  |  | 11,872 |
Fair value of derivative instruments issued by AVLP |  |  | 80,076 |  |  |  | — |  |  |  | 80,076 |
Unrealized loss in derivative instruments of AVLP |  |  | 1,080,034 |  |  |  | — |  |  |  | 1,080,034 |
Unrealized loss in common stock of AVLP and Alzamend |  |  | 25,176 |  |  |  | — |  |  |  | 25,176 |
Accretion of discount |  |  |  |  |  |  | 1,968 |  |  |  | 1,968 |
Balance at September 30, 2020 |  | $ | 3,338,266 |  |  | $ | 7,059,322 |  |  | $ | 10,397,588 |

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