Note Payable (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Notes payable

Notes payable at March 31, 2020 and 2019 consist of the following:

	March 31,		December 31,
	2020		2019
RWJ acquisition note	$	2,600,000	$	2,600,000
Promissory note to Iliad		-		2,325,000
Promissory note to Stanley Hills		-		1,046,261
Total notes payable		2,600,000		5,971,261
Unamortized debt discount		-		(47,671	)
Notes payable	$	2,600,000	$	5,923,590

Rollfoward of note payable

A roll-forward of the promissory notes from December 31, 2019 to March 31, 2020 is below:

Notes payable, December 31, 2019	$	5,923,590
Issued for cash		168,639
Accrued interest and penalties added to notes payable		440,983
Notes payable converted to convertible notes		(3,980,883	)
Amortization of debt discounts		47,671
Notes payable, March 31, 2020	$	2,600,000