XML 43 R28.htm IDEA: XBRL DOCUMENT v3.21.1
Convertible Debentures and Notes Payable (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments

Notes payable as of December 31, 2020 and 2019 consist of the following:

 

   2020   2019 
Note payable to related parties bearing interest at 6% all principal and interest due on December 31, 2021, secured  $120,000   $120,000 
Note payable to a financial institution bearing interest at 6.66% monthly installments of $805, secured   12,276    20,786 
Note payable to customer pursuant to a refund agreement.  Interest at 12%   462,858    1,973,845 
Note payable to related parties net of unamortized debt discount of $512,530 and $514,163 at December 31, 2020 and 2019, respectively, bearing interest at 4% all principal and interest due on December 31, 2022, secured   487,470    160,837 
Note payable to related parties net of unamortized debt discount of $13,411 and $26,822 at December 31, 2020 and 2019, respectively, bearing interest at 6% all principal and interest due on December 31, 2021, secured   486,589    473,178 
Note payable to a financial institution bearing interest at 5.99% monthly installments of $1,046, secured   62,957    —   
Total notes payable   1,632,150    2,748,646 
Less: current maturities   (1,087,478)   (1,519,496)
Notes payable, net of current installments and debt discount  $544,672   $1,229,150 

 

Schedule of Maturities of Long Term Debt

Maturities of convertible debt and notes payable, excluding debt discount and debt issuance costs, at December 31, 2020, are as follows:

 

Years ending December 31,     
2021   $1,087,478 
2022    500,145 
2023    10,155 
2024    10,780 
Thereafter    23,592 
    $1,632,150