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2. Debt Financing (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Convertible notes, loans and contingent liabilities

                          Fixed  
                      Conversion   Rate  
Lender   1st-Issue     Principal   Duration   Interest   Price   EUR/USD  
Price   Date     Amount   (Note)   Rate   (stated)   Conversion  
                             
Eardley Holding A.G. (1)   06/23/2006     € 162   (2 ) 10% pa   $ 0.10   N/A  
Anglo Irish Bank S.A.(3)   10/21/2007     € 500   (2 ) 10% pa   $ 0.50   1.4090  
Round Enterprises Ltd.   12/10/2007     € 1,500   (2 ) 10% pa   $ 0.50   1.4429  
Round Enterprises Ltd.   01/22/2008     € 1,500   (2 ) 10% pa   $ 0.50   1.4629  
Round Enterprises Ltd.   04/25/2008     € 2,000   (2 ) 10% pa   $ 0.50   1.5889  
Round Enterprises Ltd.   06/30/2008     € 1,500   (2 ) 10% pa   $ 0.50   1.5380  
Round Enterprises Ltd.   11/18/2008     € 1,200   (2 ) 10% pa   $ 0.50   1.2650  
Round Enterprises Ltd.   02/09/2009     € 1,500   (2 ) 10% pa   $ 0.50   1.2940  
Round Enterprises Ltd.   06/15/2009     € 5,500   (2,4 ) 10% pa   $ 0.80   1.4045  
Eardley Holding A.G.   06/15/2009     € 100   (2,4 ) 10% pa   $ 0.80   1.4300  
Von Meyenburg   08/03/2009     € 200   (2 ) 10% pa   $ 0.80   1.4400  
Round Enterprises Ltd.   10/13/2009     € 2,000   (2 ) 5% pa   $ 0.25   1.4854  
Round Enterprises Ltd.   12/18/2009     € 2,200   (2 ) 5% pa   $ 0.25   1.4338  
Round Enterprises Ltd.   08/04/2011     € 1,024   (5,6 ) 10% pa   $ 0.034   N/A  
Eardley Holding A.G.   08/04/2011     € 256   (5,6 ) 10% pa   $ 0.034   N/A  
Round Enterprises Ltd.   11/08/2011     € 400   (6 ) 10% pa   $ 0.034   1.3787  
Eardley Holding A.G.   11/08/2011     € 100   (6 ) 10% pa   $ 0.034   1.3787  
Round Enterprises Ltd.   02/10/2012     € 1,000   (6 ) 10% pa   $ 0.034   1.3260  
Eardley Holding A.G.   02/14/2012     € 200   (6 ) 10% pa   $ 0.034   1.3260  
Round Enterprises Ltd.   04/19/2012     € 322   (6 ) 10% pa   $ 0.034   1.3100  
Eardley Holding A.G.   04/19/2012     € 80   (6 ) 10% pa   $ 0.034   1.3100  
Round Enterprises Ltd.   05/04/2012     € 480   (6 ) 10% pa   $ 0.034   1.3152  
Eardley Holding A.G.   05/04/2012     € 120   (6 ) 10% pa   $ 0.034   1.3152  
Round Enterprises Ltd.   09/03/2012     € 200   (6 ) 10% pa   $ 0.034   1.2576  
Eardley Holding A.G.   09/03/2012     € 50   (6 ) 10% pa   $ 0.034   1.2576  
Round Enterprises Ltd.   11/14/2012     € 500   (6 ) 10% pa   $ 0.034   1.2718  
Eardley Holding A.G.   12/06/2012     € 125   (6 ) 10% pa   $ 0.034   1.3070  
Round Enterprises Ltd.   01/16/2013     € 240   (6 ) 10% pa   $ 0.034   1.3318  
Eardley Holding A.G.   01/16/2013     € 60   (6 ) 10% pa   $ 0.034   1.3318  
Round Enterprises Ltd.   03/25/2013     € 400   (6 ) 10% pa   $ 0.037   1.2915  
Eardley Holding A.G.   04/14/2013     € 150   (6 ) 10% pa   $ 0.034   1.3056  
Round Enterprises Ltd.   04/14/2013     € 600   (6 ) 10% pa   $ 0.034   1.3056  
Eardley Holding A.G.   05/15/2013     € 170   (6 ) 10% pa   $ 0.037   1.2938  
Round Enterprises Ltd.   05/15/2013     € 680   (6 ) 10% pa   $ 0.037   1.2938  
Eardley Holding A.G.   06/24/2013     € 60   (6 ) 10% pa   $ 0.025   1.3340  
Round Enterprises Ltd.   06/24/2013     € 240   (6 ) 10% pa   $ 0.025   1.3340  
Eardley Holding A.G.   08/05/2013     € 80   (6 ) 10% pa   $ 0.018   1.3283  
Round Enterprises Ltd.   08/05/2013     € 320   (6 ) 10% pa   $ 0.018   1.3283  
Eardley Holding A.G.   03/01/2017     € 230   (2 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   03/01/2017     € 920   (2 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   10/18/2017     € 230   (2 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   10/18/2017     € 920   (2 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   06/01/2018     € 160   (7 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   06/01/2018     € 640   (7 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   11/10/2018     € 160   (7 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   11/10/2018     € 640   (7 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   06/15/2019     € 120   (8 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   06/15/2019     € 480   (8 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   12/20/2019     € 120   (9 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   12/20/2019     € 480   (9 ) 2.5% pa     N/A   N/A  
Eardley Holding AG   06/15/2020     € 220   (10 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   06/15/2020     € 880   (10 ) 2.5% pa     N/A   N/A  
Total Short Term Principal Amounts         € 33,919                    
   Accrued Interest         € 27,768                    
TOTAL LOANS AND NOTES         € 61,687                    

 

(1) Private investment company of Dr. Thomas Staehelin, member of the Board of Directors and of the Audit Committee of the Company. Face value is stated at USD 190.

 

(2) This maturity date is automatically prolonged for periods of three months, unless called for repayment.

 

(3) Renamed Hyposwiss Private Bank Genève S.A. and acting on behalf of Round Enterprises Ltd. which is a major shareholder.

 

(4) The loan is secured against 2/3rds of the IP assets of Bestewil Holding BV and against all property of the Company.

 

(5) The face values of the loans are stated at USD 1,200 and USD 300, respectively.

 

(6) This maturity date is automatically prolonged for periods of three months, unless called for repayment. The conversion price per

share is determined by the lower of (i) reducing by 10% the price per share of the Company’s common stock paid by the investors

in connection with an investment in the Company of not less than USD 20,000, or (ii) at the stated conversion price using a fixed

exchange rate which are noted in the table above.

 

(7) On June 1, 2018, Round Enterprises Ltd. and Eardley Holding AG each provided two promissory Notes for a total of €1,280 and €320 in two tranches, respectively, with a 2.5% interest per annum. The first tranche of the promissory Notes of €640 and €160, respectively, were provided immediately. The second tranche of the promissory notes of €640 and €160, respectively, were provided on November 10, 2018 with a 2.5% interest per annum. The maturity date of these promissory notes to follow the same principle of other convertible loans and is the later of (i) June 30, 2019, or (ii) the end of a subsequent calendar quarter in which the Company receives a written request from the lender for repayment of the unpaid principal and accrued interest due under the Notes.

 

(8) On June 15, 2019, Round Enterprises Ltd. and Eardley Holding AG each provided a promissory Note of €480 and €120, respectively, with a 2.5% interest per annum. The maturity date of these promissory notes to follow the same principle of other convertible loans and is the later of (i) December 31, 2019, or (ii) the end of a subsequent calendar quarter in which the Company receives a written request from the lender for repayment of the unpaid principal and accrued interest due under the Notes.

 

(9) On December 20, 2019, Round Enterprises Ltd. and Eardley Holding AG each provided a promissory Note of €480 and €120, respectively, with a 2.5% interest per annum. The maturity date of these promissory notes to follow the same principle of other convertible loans and is the later of (i) June 30, 2020, or (ii) the end of a subsequent calendar quarter in which the Company receives a written request from the lender for repayment of the unpaid principal and accrued interest due under the Notes.

 

(10) On June 15, 2020, Round Enterprises Ltd. and Eardley Holding AG each provided a promissory Note of €880 and €220, respectively, with a 2.5% interest per annum. The maturity date of these promissory notes to follow the same principle of other convertible loans and is the later of (i) September 30, 2020, or (ii) the end of a subsequent calendar quarter in which the Company receives a written request from the lender for repayment of the unpaid principal and accrued interest due under the Notes.