CONVERTIBLE PROMISSORY NOTES AND FAIR VALUE OF CONVERTIBLE PROMISSORY NOTES (Tables)

9 Months Ended

Sep. 30, 2022

RELATED PARTY TRANSACTIONS

Schedule of convertible promissory notes

	September 30, 2022		December 31, 2021
Convertible promissory notes due January 31, 2019, interest payable at 8% per annum; unsecured; principal and accrued interest convertible into common stock at the lower of $1.32 per share (the price per share of the latest closing of a debt or equity offering by the Company greater than $3.0 million); accrued interest due January 31, 2019 and currently in default. The Company has offered to either repay the notes or convert them into shares of common stock of the Company. The beneficial owners of the notes have not yet communicated their intent to either receive payment or shares.	$	550	$	550
Current portion of convertible promissory notes	$	550	$	550

Schedule of Fair value of convertible promissory notes

	September 30, 2022			December 31, 2021
Series A subordinated convertible note at fair value	$	3,136		$	3,074
Series B subordinated convertible note at fair value		11,848			11,858
Total convertible promissory notes		14,984			14,932
Less: Investor Note offset – Series B Note		(5,000	)		(5,000	)
Carrying value of convertible promissory notes at fair value		9,984			9,932
Less: current portion of convertible promissory notes at fair value		(9,984	)		(9,932	)
Convertible promissory notes, less current portion	$	-		$	-