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2. Debt Financing (Tables)
 3 Months Ended
Mar. 31, 2021
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     E 162   (2 ) 10% pa   $ 0.10   N/A  
Anglo Irish Bank S.A.(3)   10/21/2007     E 500   (2 ) 10% pa   $ 0.50   1.4090  
Round Enterprises Ltd.   12/10/2007     E 1,500   (2 ) 10% pa   $ 0.50   1.4429  
Round Enterprises Ltd.   01/22/2008     E 1,500   (2 ) 10% pa   $ 0.50   1.4629  
Round Enterprises Ltd.   04/25/2008     E 2,000   (2 ) 10% pa   $ 0.50   1.5889  
Round Enterprises Ltd.   06/30/2008     E 1,500   (2 ) 10% pa   $ 0.50   1.5380  
Round Enterprises Ltd.   11/18/2008     E 1,200   (2 ) 10% pa   $ 0.50   1.2650  
Round Enterprises Ltd.   02/09/2009     E 1,500   (2 ) 10% pa   $ 0.50   1.2940  
Round Enterprises Ltd.   06/15/2009     E 5,500   (2,4 ) 10% pa   $ 0.80   1.4045  
Eardley Holding A.G.   06/15/2009     E 100   (2,4 ) 10% pa   $ 0.80   1.4300  
Von Meyenburg   08/03/2009     E 200   (2 ) 10% pa   $ 0.80   1.4400  
Round Enterprises Ltd.   10/13/2009     E 2,000   (2 ) 5% pa   $ 0.25   1.4854  
Round Enterprises Ltd.   12/18/2009     E 2,200   (2 ) 5% pa   $ 0.25   1.4338  
Round Enterprises Ltd.   08/04/2011     E 1,023   (5,6 ) 10% pa   $ 0.034   N/A  
Eardley Holding A.G.   08/04/2011     E 256   (5,6 ) 10% pa   $ 0.034   N/A  
Round Enterprises Ltd.   11/08/2011     E 400   (6 ) 10% pa   $ 0.034   1.3787  
Eardley Holding A.G.   11/08/2011     E 100   (6 ) 10% pa   $ 0.034   1.3787  
Round Enterprises Ltd.   02/10/2012     E 1,000   (6 ) 10% pa   $ 0.034   1.3260  
Eardley Holding A.G.   02/14/2012     E 200   (6 ) 10% pa   $ 0.034   1.3260  
Round Enterprises Ltd.   04/19/2012     E 322   (6 ) 10% pa   $ 0.034   1.3100  
Eardley Holding A.G.   04/19/2012     E 80   (6 ) 10% pa   $ 0.034   1.3100  
Round Enterprises Ltd.   05/04/2012     E 480   (6 ) 10% pa   $ 0.034   1.3152  
Eardley Holding A.G.   05/04/2012     E 120   (6 ) 10% pa   $ 0.034   1.3152  
Round Enterprises Ltd.   09/03/2012     E 200   (6 ) 10% pa   $ 0.034   1.2576  
Eardley Holding A.G.   09/03/2012     E 50   (6 ) 10% pa   $ 0.034   1.2576  
Round Enterprises Ltd.   11/14/2012     E 500   (6 ) 10% pa   $ 0.034   1.2718  
Eardley Holding A.G.   12/06/2012     E 125   (6 ) 10% pa   $ 0.034   1.3070  
Round Enterprises Ltd.   01/16/2013     E 240   (6 ) 10% pa   $ 0.034   1.3318  
Eardley Holding A.G.   01/16/2013     E 60   (6 ) 10% pa   $ 0.034   1.3318  
Round Enterprises Ltd.   03/25/2013     E 400   (6 ) 10% pa   $ 0.037   1.2915  
Eardley Holding A.G.   04/14/2013     E 150   (6 ) 10% pa   $ 0.034   1.3056  
Round Enterprises Ltd.   04/14/2013     E 600   (6 ) 10% pa   $ 0.034   1.3056  
Eardley Holding A.G.   05/15/2013     E 170   (6 ) 10% pa   $ 0.037   1.2938  
Round Enterprises Ltd.   05/15/2013     E 680   (6 ) 10% pa   $ 0.037   1.2938  
Eardley Holding A.G.   06/24/2013     E 60   (6 ) 10% pa   $ 0.025   1.3340  
Round Enterprises Ltd.   06/24/2013     E 240   (6 ) 10% pa   $ 0.025   1.3340  
Eardley Holding A.G.   08/05/2013     E 80   (6 ) 10% pa   $ 0.018   1.3283  
Round Enterprises Ltd.   08/05/2013     E 320   (6 ) 10% pa   $ 0.018   1.3283  
Eardley Holding A.G.   03/01/2017     E 230   (7 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   03/01/2017     E 920   (7 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   10/18/2017     E 230   (7 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   10/18/2017     E 920   (7 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   06/01/2018     E 160   (8 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   06/01/2018     E 640   (8 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   11/10/2018     E 160   (8 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   11/10/2018     E 640   (8 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   06/15/2019     E 120   (9 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   06/15/2019     E 480   (9 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   12/20/2019     E 120   (10 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   12/20/2019     E 480   (10 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   06/15/2020     E 220   (11 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   06/15/2020     E 880   (11 ) 2.5% pa     N/A   N/A  
Eardley Holding A.G.   12/15/2020     E 170   (12 ) 2.5% pa     N/A   N/A  
Round Enterprises Ltd.   12/15/2020     E 680   (12 ) 2.5% pa     N/A   N/A  
Total Short Term Principal Amounts         E 34,768                    
   Accrued Interest         E 29,133                    
TOTAL LOANS AND NOTES         E5 63,901                    

 

(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 in U.S. dollars at $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 in U.S. dollars at $1,200 and $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 US$20,000, or (ii) at the fixed conversion price using a fixed exchange rate which are noted in the table above. The convertible note holder has the right to convert at any time prior to the maturity date, at the convertible note holder’s option, prior to the repayment of the outstanding balance under the note by the Company, to convert the unpaid outstanding principal balance and accrued interest, in whole or in part, into common stock at the fixed conversion price as stated in the contract.

 

(7) On March 1, 2017, Round Enterprises Ltd. and Eardley Holding AG each provided two promissory Notes for a total of €1,840 and €460, respectively, with a 2.5% interest per annum and a maturity date of March 1, 2018. The first 50% of the promissory Notes of €920 and €230, respectively, were provided immediately. The second 50% of the promissory notes of €920 and €230, respectively, were provided on October 18, 2017 with a 2.5% interest per annum and a maturity date of October 18, 2018. Both Round Enterprises Ltd. And Eardley Holding AG have agreed to amend the maturity date of these promissory notes to follow the same terms of the other convertible loans. Therefore, the maturity date of the promissory notes is amended to be the later of (i) June 30, 2018, 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. The amendments were accounted for as modifications in the consolidated financial statements.

 

(8) 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 terms 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.

 

(9) On June 15, 2019, Round Enterprises Ltd. and Eardley Holding AG each provided promissory Notes for a total of €600 with a 2.5% interest per annum. The promissory Notes of €480 and €120, respectively, were provided immediately. The maturity date of these promissory notes to follow the same terms of other convertible loans and is the later of (i) December 31, 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 December 20, 2019, Round Enterprises Ltd. and Eardley Holding AG each provided promissory Notes for a total of €600 with a 2.5% interest per annum. The promissory Notes of €480 and €120, respectively, were provided immediately. The maturity date of these promissory notes to follow the same terms 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.

 

(11) On June 15, 2020, Round Enterprises Ltd. and Eardley Holding AG each provided promissory Notes for a total of €1,100 with a 2.5% interest per annum. The promissory Notes of €880 and €220, respectively, were provided immediately. The maturity date of these promissory notes to follow the same terms 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.

 

(12) On December 15, 2020, Round Enterprises Ltd. and Eardley Holding AG each provided promissory Notes for a total of €850 with a 2.5% interest per annum. The promissory Notes of €680 and €170, respectively, were provided immediately. The maturity date of these promissory notes to follow the same terms of other convertible loans and is the later of (i) March 31, 2021, 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.

 

On April 2, 2020, the Swiss entity, Mymetics SA, received a Federal credit line of Chf 168 (€152) in relation with the Covid-19 pandemic. This credit line applies for five years and is fully guaranteed by the Swiss Confederation via guaranteed organizations. The interest rate is currently at 0 percent until March 31, 2021. The Swiss Confederation has the right to adjust the interest rate to the market rate. The first revision took place as of April 1, 2021 but no modification was applied.

 

Certain of the secured convertible notes have conversion features that should be bifurcated from the debt and recorded at fair value; however, as of March 31, 2021 and December 31, 2020, the probability of the conversion features being exercised was zero. For this reason, the conversion features are not required to be bifurcated from the debt as the fair value is zero at March 31, 2021 and December 31, 2020.