NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2020

Class of Warrant or Right [Line Items]

Schedule of notes payable

	December 31,		December 31,
	2020		2019
2020 10% Notes	$	2,600,000	$	—
2019 12% Notes		—		1,506,000
SBI Note		—		750,000
2019 15% Notes		200,000		200,000
Related party note payable		340,000		100,000
Unamortized debt discount		(251,456)		(225,649)
		2,888,544		2,330,351
Less: Current portion		—		(2,330,351)
Long-term portion	$	2,888,544	$	—

Schedule of maturities of long-term debt

Year ending December 31,	Amount
2021	$	—
2022		200,000
2023		2,940,000
	$	3,140,000

10% Warrants

Class of Warrant or Right [Line Items]

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

Current stock price	$	0.53
Exercise price	$	0.56
Risk-free interest rate		0.38 %
Expected dividend yield		—
Expected term (in years)		5.0
Expected volatility		115%

15% Warrants

Class of Warrant or Right [Line Items]

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

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)		0.83 - 3.06
Expected volatility		112 - 119 %

12% Warrants

Class of Warrant or Right [Line Items]

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

Current stock price	$	0.82 - 0.92
Exercise price	$	1.30
Risk-free interest rate		1.63 - 1.68	%
Expected dividend yield		—
Expected term (in years)		1.10
Expected volatility		124	%

8.5% Warrants

Class of Warrant or Right [Line Items]

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

Current stock price	$	4.18
Exercise price	$	2.35
Risk-free interest rate		2.46	%
Expected dividend yield		—
Expected term (in years)		2.0
Expected volatility		134	%
Number of iterations		5