Note Payable (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Notes payable

Notes payable at September 30, 2020 and December 31, 2019 consist of the following:

	September 30, 2020			December 31, 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
SBA loan		150,000			-
Total notes payable		2,750,000			5,971,261
Unamortized debt discount		-			(47,671	)
Notes payable		2,750,000			5,923,590
Less current portion		(2,600,988	)		-
Notes payable, long-term portion	$	149,012		$	5,923,590

Rollfoward of note payable

A roll-forward of the promissory notes from December 31, 2019 to September 30, 2020 is below:

Notes payable, December 31, 2019	$	5,923,590
Issued for cash		318,639
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, September 30, 2020	$	2,750,000