CONVERTIBLE NOTES (Tables)

12 Months Ended

Dec. 31, 2021

The following table provides a summary of the activity of the Company's unsecured, convertible, promissory notes:

	Principal Balance 1/1/2020		New Notes		Notes assigned or exchanged			Notes converted			Principal Balance 12/31/2020		Less: Discount Balance			Net Principal Balance 12/31/2020
October 2016 Notes	$	330,000	$	—	$	(330,000	)	$	—		$	—	$	—		$	—
St. George Notes		617,663		—		(617,663	)					—		—			—
BayBridge Notes		940,600		—		(940,600	)					—		—			—
Bellridge Notes		496,000		—		(451,000	)		(45,000	)		—		—			—
Power Up Notes		106,820		—		(106,820	)					—		—			—
Widjaja Note		330,000		—		(330,000	)					—		—			—
GS Capital Notes		169,500		—		(169,500	)					—		—			—
Penumbra Note (related party)		—		250,000		(250,000	)					—		—			—
BD1 Notes (related party)		—		10,500,000		—						10,500,000		(2,936,952	)		7,563,048
Crowdex Note (related party)		—		—		250,000						250,000		—			250,000
	$	2,990,583	$	10,750,000	$	(2,945,583	)	$	(45,000	)	$	10,750,000	$	(2,936,952	)	$	7,813,048

	Principal Balance 12/31/2020		New Notes		Notes assigned or exchanged			Notes converted			Principal Balance 12/31/2021		Less: Discount Balance			Net Principal Balance 12/31/2021
BD1 Notes (related party)	$	10,500,000	$	—	$	(600,000	)	$	—		$	9,900,000	$	(2,210,182	)	$	7,689,818
Crowdex Note (related party)		250,000		—		—			(250,000	)		—		—			—
Nanyang Note		—		—		600,000			(100,000	)		500,000		(112,971	)		387,029
	$	10,750,000	$	—	$	—		$	(350,000	)	$	10,400,000	$	(2,323,153	)	$	8,076,847

Schedule of Debt Conversions

The following table provides a summary of the activity of the Company's secured notes:

	Global Ichiban			St. George			BD1			Total
Secured Notes Principal Balance at January 1, 2020		5,012,897			2,160,000			—		$	7,172,897
New notes		6,400,000			—			—			6,400,000
Note conversions		(600,000	)		—			—			(600,000	)
Note Assignments		—			(2,160,000	)		2,160,000			—
Notes Exchanged		(5,012,897	)		—			(2,160,000	)		(7,172,897	)
Secured Notes Principal Balance at December 31, 2020		5,800,000			—			—			5,800,000
Less: remaining discount		(394,363	)		—			—			(394,363	)
Secured Notes, net of discount, at December 31, 2020		5,405,637			—			—			5,405,637
New notes					—			—			—
Note conversions		(5,800,000	)		—			—			(5,800,000	)
Secured Notes Principal Balance at December 31, 2021	$	—		$	—		$	—		$	—

During September 2020, a number of the Company’s investors entered into assignment agreements to sell their existing debt to BD1. Refer to Notes 9, 10, and 11, for more information. The assignments did not change the terms of the notes, and transferred ownership of the following debts:

	Principal Converted		Interest Converted		Footnote Reference
St George	$	2,160,000	$	417,000	Note 9
Investor 1		495,000		187,000	Note 10
Investor 2		650,000		86,000	Note 10
October 2016 Note		330,000		79,000	Note 11
St George		618,000		—	Note 11
Baybridge		941,000		152,000	Note 11
Bellridge		451,000		121,000	Note 11
Power Up		107,000		16,000	Note 11
Widjaja		330,000		68,000	Note 11
GS Capital		170,000		19,000	Note 11
Total	$	6,252,000	$	1,145,000