Debt (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of Debt

The Company’s Debt with Sciences consists of the following:

	Conversion Price		As of September 30, 2021		As of December 31, 2020
Total principal value of convertible debt—related party	$	0.40	$	2,014,500	$	2,014,500
Unamortized debt discount			(641,987)		(1,079,821)
Unamortized debt issuance costs			(2,357)		(3,576)
Carrying value of total convertible debt - related party			1,370,156		931,103
Total principal value of non-convertible debt—related party	n/a		450,000		450,000
Total carrying value of advances under the multi-draw credit agreement			$	1,820,156	$	1,381,103

Schedule of Interest Expense

The Company’s interest expense consists of the following:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Related party interest expense – stated rate	$	44,086	$	44,087	$	130,824	$	117,459
PPP loan interest expense – stated rate	—		294		445		511
Non-cash interest expense:
Amortization of debt discount	150,852		137,849		437,834		401,507
Amortization of transaction costs	420		384		1,219		1,117
	$	195,358	$	182,614	$	570,322	$	520,594