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NOTES PAYABLE (Tables)
12 Months Ended
Dec. 31, 2020
Class of Warrant or Right [Line Items]  
Schedule of notes payable

    

December 31, 

    

December 31, 

2020

2019

2020 10% Notes

$

2,600,000

$

2019 12% Notes

1,506,000

SBI Note

 

 

750,000

2019 15% Notes

200,000

200,000

Related party note payable

340,000

100,000

Unamortized debt discount

(251,456)

(225,649)

2,888,544

2,330,351

Less: Current portion

(2,330,351)

Long-term portion

$

2,888,544

$

Schedule of maturities of long-term debt

Year ending December 31, 

    

Amount

2021

$

2022

 

200,000

2023

 

2,940,000

$

3,140,000

10% Warrants  
Class of Warrant or Right [Line Items]  
Summary of underlying assumptions used in the binomial lattice model to determine the fair value of Warrants

Current stock price

    

$

0.53

Exercise price

$

0.56

Risk-free interest rate

0.38 %

Expected dividend yield

Expected term (in years)

5.0

Expected volatility

115%

15% Warrants  
Class of Warrant or Right [Line Items]  
Summary of underlying assumptions used in the binomial lattice model to determine the fair value of Warrants

Current stock price

    

$

0.45 - 0.67

Exercise price

$

0.45

Risk-free interest rate

0.68 - 1.62 %

Expected dividend yield

Expected term (in years)

0.83 - 3.06

Expected volatility

112 - 119 %

12% Warrants  
Class of Warrant or Right [Line Items]  
Summary of underlying assumptions used in the binomial lattice model to determine the fair value of Warrants

Current stock price

    

$

0.82 - 0.92

Exercise price

$

1.30

Risk-free interest rate

 

1.63 - 1.68

%

Expected dividend yield

 

Expected term (in years)

 

1.10

Expected volatility

 

124

%

8.5% Warrants  
Class of Warrant or Right [Line Items]  
Summary of underlying assumptions used in the binomial lattice model to determine the fair value of Warrants

Current stock price

    

$

4.18

Exercise price

$

2.35

Risk-free interest rate

 

2.46

%

Expected dividend yield

 

Expected term (in years)

 

2.0

Expected volatility

 

134

%

Number of iterations

 

5