XML 41 R31.htm IDEA: XBRL DOCUMENT

NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2020


	June 30,		December 31,
	2020		2019
2019 12% Notes	$	—	$	1,506,000
SBI Note		—		750,000
15% Notes		2,231,000		200,000
Related party note payable		100,000		100,000
Unamortized debt discount		(153,475)		(225,649)
		2,177,525		2,330,351
Less: Current portion		(1,577,525)		(2,330,351)
Long-term portion	$	600,000	$	—

Summary of underlying assumptions used in the binomial lattice model to determine the fair value of the 15% Warrants

For purposes of determining the debt discount, the underlying assumptions used in the binomial lattice model to determine the fair value of the 15% Warrants were:


Current stock price			$0.45 - 0.67
Exercise price			$ 0.45
Risk-free interest rate			0.68 - 1.62 %
Expected dividend yield			—
Expected term (in years)			0.84 - 3.06
Expected volatility			112 - 119 %

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details