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Debt Obligations (Tables) | 12 Months Ended
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Dec. 31, 2019
Summary of Secured Convertible Debentures and Proceeds Investment Agreement | Debt obligations is comprised of the following:
|  | December 31, 2019 |  |  | December 31, 2018 |
2019 Secured convertible notes, at fair value |  | $ | 1,593,809 |  |  | $ | — |
2018 Proceeds investment agreement, at fair value |  |  | 6,500,000 |  |  |  | 9,142,000 |
Unsecured promissory note payable, less unamortized discount of $66,061 at December 31, 2019 |  |  | 233,939 |  |  |  | — |
Debt obligations |  | $ | 8,327,748 |  |  | $ | 9,142,000 |
2019 Secured Convertible Notes [Member] |
Schedule of Fair Value of Embedded Derivatives and Warrants | The following represents the resulting fair value as determined on August 5, 2019, the date of origination:
Secured convertible notes |  | $ | 1,845,512 |
Common stock issued as Commitment Shares |  |  | 118,749 |
Common stock purchase warrants |  |  | 535,739 |
Gross cash proceeds |  | $ | 2,500,000 |
Summary of Fair Value and Adjusted Carrying Value of Secured Convertible Notes | Following is an analysis of the activity in the secured convertible notes during the year ended December 31, 2019:
|  | Amount |
Balance at December 31, 2018 |  | $ | — |
Issuance of convertible notes on August 5, 2019, at fair value |  |  | 1,845,512 |
Principal repaid during the period by issuance of common stock |  |  | (648,067 | )
Principal repaid during the period by payment of cash |  |  | (123,457 | )
Change in fair value of secured convertible note during the period |  |  | 519,821 |
Balance at December 31, 2019 |  | $ | 1,593,809 |
Schedule of Certain Estimates and Assumptions of Fair Value of Secured Convertible Notes | Following is a range of certain estimates and assumptions utilized as of December 31, 2019 and August 5. 2019 (inception date) to determine the fair value of secured convertible notes:
|  | December 31, 2019 |  |  | August 5, 2019 |
|  | Assumptions |  |  | Assumptions |
Volatility – range |  |  | 115 | % |  |  | 110 | %
Risk-free rate |  |  | 1.60 | % |  |  | 1.78 | %
Contractual term |  |  | 0.6 years |  |  |  | 0.9 years |
Calibrated stock price |  | $ | 1.06 |  |  | $ | 0.86 |
Debt yield |  |  | 123.6 | % |  |  | 88.6 | %
2018 Proceeds Investment Agreement [Member] |
Schedule of Fair Value of Embedded Derivatives and Warrants | The Company elected to account for the PIA on the fair value basis. Therefore, the Company determined the fair value of the PIA and PIA Warrants which yielded estimated fair values of the PIA including their embedded derivatives and the detachable PIA Warrants as follows:
Proceeds investment agreement |  | $ | 9,067,513 |
Common stock purchase warrants |  |  | 932,487 |
Gross cash proceeds |  | $ | 10,000,000 |
Schedule of Certain Estimates and Assumptions of Weighted Patent Asset | Following is a range of certain estimates and assumptions utilized as of December 31, 2019 and 2018 to probability weighted present value of expected patent asset proceeds for the litigation involving both Axon and WatchGuard:
|  |  | December 31, 2019 |  |  |  | December 31, 2018 |
Discount rate |  |  | 3.0% - 16.6 | % |  |  | 4.7% - 21.75 | %
Expected term to patent asset proceeds payment |  |  | 0.58 years - 4 years |  |  |  | 0.93 years - 1.1 years |
Probability of success |  |  | 5.9% - 38.5 | % |  |  | 17.7% - 77.0 | %
Estimated minimum return payable to BKI |  | $ | 21 million |  |  | $ | 22.5 million |
Negotiation discount |  |  | 43.3 | % |  |  | 54.4 | %
Schedule of Fair Value of Debentures Activity | The following represents activity in the PIA during the year ended December 31, 2019 and 2018:
Beginning balance as of January 1, 2018 |  | $ | - |
Origination date at fair value of the Debentures |  |  | 9,067,513 |
Change in the fair value during the period |  |  | 74,487 |
Ending balance as of December 31, 2018 |  | $ | 9,142,000 |
Beginning balance as of January 1, 2019 |  | $ | 9.142,000 |
Repayment of obligation |  |  | (6,000,000 | )
Change in the fair value during the period |  |  | 3,358,000 |
Ending balance as of December 31, 2019 |  | $ | 6,500,000 |
2018 Secured Convertible Debentures [Member] |
Schedule of Fair Value of Embedded Derivatives and Warrants | The Company elected to account for the 2018 Debentures on the fair value basis. Therefore, the Company determined the fair value of the 2018 Debentures and 2018 Warrants which yielded estimated fair values of the 2018 Debentures including their embedded derivatives and the detachable 2018 Warrants as follows:
Secured convertible debentures |  | $ | 4,565,749 |
Common stock purchase warrants |  |  | 1,684,251 |
Gross cash proceeds |  | $ | 6,250,000 |
Summary of Fair Value and Adjusted Carrying Value of Secured Convertible Notes | The following represents activity in the 2018 Debentures during the year ended December 31, 2018:
Beginning balance as of January 1, 2018 |  | $ | - |
Origination date at fair value of the Debentures |  |  | 4,565,749 |
Conversions exercised during the period |  |  | (275,000 | )
Principal payments made on Debentures |  |  | (6,600,000 | )
Change in the fair value during the period |  |  | 2,309,251 |
Ending balance as of December 31, 2018 |  | $ | - |

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