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Notes Payable (Tables)
9 Months Ended
Sep. 30, 2021
Notes Payable  
Schedule of notes payable

As of September 30, 2021 and December 31, 2020, notes payable consisted of the following:

September 30, 2021

    

December 31, 2020

Current

Non-Current

Current

Non-Current

    

Portion

    

Portion

    

Total

    

Portion

    

Portion

    

Total

BankDirect Capital Finance loan

$

158,101

$

$

158,101

$

$

$

Paycheck Protection Program loan

97,539

365,814

463,353

Silicon Valley Bank loan

7,123,936

7,123,936

Total

$

7,282,037

$

$

7,282,037

$

97,539

$

365,814

$

463,353

Schedule of debt

    

September 30, 2021

Gross loan proceeds

$

7,500,000

Debt discount:

 

Relative fair value of warrants

 

(354,539)

Relative fair value of issuance costs

 

(63,469)

Amortization of debt discount

 

41,944

$

7,123,936