Debt (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Debt

The following table provides a summary of the carrying values for the components of debt as reflected on the consolidated balance sheets:

	As of December 31,
	2020		2019
PPP Note	$	421,415	$	—
EB-5 Loan Agreement borrowings	1,635,747		1,072,123
Total carrying value of debt, net	$	2,057,162	$	1,072,123

The carrying values of the EB-5 Loan Agreement borrowings as of December 31, 2020 and 2019 are summarized below:

	As of December 31,
	2020		2019
Principal outstanding	$	1,500,000	$	1,000,000
Plus: accrued interest	181,053		127,777
Less: unamortized debt issuance costs	(45,306)		(55,654)
Carrying value of debt	$	1,635,747	$	1,072,123

Schedule of Principal, Embedded Derivatives and Carrying Value of Debts

At issuance, the following amounts were recorded:

Note Issuance Date	Convertible Note Principal Amount		Fair Value of Embedded Derivatives		Debt Issuance Costs		Carrying Value upon Issuance
January 2018	$	5,000,000	$	(2,657,711)	$	(35,969)	$	2,306,320
June 2018	1,000,000		(724,216)		(3,000)		272,784
November 2018	1,150,400		(21,127)		(50,646)		1,078,627
December 2018	150,000		(2,857)		(14,310)		132,833
January 2019	450,000		(182,882)		(29,358)		237,760
February 2019	1,000,000		(302,379)		(55,875)		641,746
Total	$	8,750,400	$	(3,891,172)	$	(189,158)	$	4,670,070

Schedule of Maturities

Debt maturities (excluding interest) are summarized below:

	For the years ending December 31,
	2021		2022		2023		2024		2025		Thereafter		Total
Principal maturities	$	234,119	$	187,296	$	—	$	—	$	—	$	1,500,000	$	1,921,415