Convertible Debt and Other Debt - Summary of Changes in Convertible Debt, Net of Unamortized Discounts (Details) |
6 Months Ended |
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Jun. 30, 2020
USD ($)
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Debt Disclosure [Abstract] | |
Balance at January 1, | $ 6,121,338 |
Issuance of convertible debt, face value | 5,435,950 |
Deferred financing cost | (1,013,350) |
Contingent beneficial conversion feature on convertible note | (982,097) |
Debt discount from warrants issued with debt | (2,705,996) |
Payments | (1,257,250) |
Conversion of debt into equity | (771,266) |
Accretion of interest and amortization of debt discount to interest expense | 1,397,121 |
Balance at March 31, | 6,224,450 |
Less: current portion | 6,224,450 |
Convertible debt, long-term portion |
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- Definition Accretion of interest and amortization of debt discount to interest expense. No definition available.
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- Definition Contingent beneficial conversion feature on convertible note. No definition available.
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- Definition Conversion of debt into equity. No definition available.
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- Definition Convertible debt and revolving note payable. No definition available.
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- Definition Convertible debt and revolving note payable, current. No definition available.
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- Definition Convertible debt and revolving note payable, Noncurrent. No definition available.
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- Definition Debt discount from warrants issued with debt. No definition available.
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- References No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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