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Convertible notes payable (Tables)
9 Months Ended
Sep. 30, 2022
Convertible notes payable (Tables)  
Summary Of Outstanding Convertible Notes Payable

 

 

September 30, 2022

 

 

December 31, 2021

 

Issued on May 8, 2020 (8% interest)

 

$-

 

 

$3,000,000

 

Issued on November 3, 2020 (8% interest)

 

 

-

 

 

 

3,888,889

 

Issued on May 19, 2021 (8% interest)

 

 

-

 

 

 

5,610,000

 

Issued on April 30, 2021 (6% interest)

 

 

-

 

 

 

66,400

 

Total face value

 

 

-

 

 

 

12,565,289

 

Less: unamortized discount

 

 

-

 

 

 

(5,389,692)

Total carrying value

 

$-

 

 

$7,175,597

 

Schedule Of Interest Expense And Amortization Of Debt Discount And Debt Issuance Cost Of Convertible Notes

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Interest expense

 

$-

 

 

$259,835

 

 

$497,053

 

 

$604,605

 

Amortization of debt discount

 

 

-

 

 

 

912,767

 

 

 

5,391,022

 

 

 

1,895,555

 

Amortization of debt issuance costs

 

 

-

 

 

 

-

 

 

 

-

 

 

 

7,397

 

Total

 

$-

 

 

$1,172,602

 

 

$5,888,075

 

 

$2,507,557