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Long-term Debt (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Components of the 12% Amended Senior Secured Notes and Carrying Values

The following table represents the components of long-term debt recognized during the years ended December 31, 2020 and 2019 and the carrying value as of December 31, 2020 and 2019:

 

    As of December 31,  
    2020     2019  
    12% Second
Amended
Senior
Secured
Notes
Components		     Delayed
Draw Term
Note
Components		     Paycheck
Protection
Program
Loan
Components		     Total
Long-term
Debt
Components		     12% Second
Amended
Senior
Secured
Notes
Components		  
Principal amount of debt:                                        
Principal amount of debt received on June 10, 2019   $ 20,000,000     $ -     $ -     $ 20,000,000     $ 20,000,000  
Principal amount of debt received on June 14, 2019     48,000,000       -       -       48,000,000       48,000,000  
Principal amount of debt received on August 27, 2019     3,000,000       -       -       3,000,000       3,000,000  
Principal amount of debt received on March 26, 2020     -       6,913,865       -       6,913,865       -  
Principal amount of debt received on April 6, 2020     -       -       5,702,725       5,702,725       -  
Subtotal principal amount of debt     71,000,000       6,913,865       5,702,725       83,616,590       71,000,000  
Add accrued interest     7,457,388       675,958       -       8,133,346       1,082,642  
Less principal payment paid in Series J Preferred Stock (net of interest of $146,067)     (4,853,933 )     -       -       (4,853,933 )     (4,853,933 )
Less principal payment paid in Series K Preferred Stock (net of interest of $71,495)     -       (3,295,505 )     -       (3,295,505 )     -  
Less principal payments paid in cash     (17,307,364 )     -       -       (17,307,364 )     (17,307,364 )
Principal amount of debt outstanding including accrued interest     56,296,091       4,294,318       5,702,725       66,293,134       49,921,345  
Debt discount:                                        
Placement fee to B. Riley FBR     (3,550,000 )     (691,387 )     -       (4,241,387 )     (3,550,000 )
Commitment fee (2% of unused commitment)     -       (101,723 )     -       (101,723 )     -  
Success based fee to B. Riley FBR     (3,400,000 )     -       -       (3,400,000 )     (3,400,000 )
Legal and other costs     (202,382 )     (120,755 )     -       (323,137 )     (202,382 )
Subtotal debt discount     (7,152,382 )     (913,865 )     -       (8,066,247 )     (7,152,382 )
Less amortization of debt discount     3,412,692       554,693       -       3,967,385       1,240,782  
Unamortized debt discount     (3,739,690 )     (359,172 )     -       (4,098,862 )     (5,911,600 )
Carrying value at end of year   $ 52,556,401     $ 3,935,146     $ 5,702,725     $ 62,194,272     $ 44,009,745  
Summary of Interest Expense

The following table represents interest expense:

 

    Years Ended December 31,  
    2020     2019  
Amortization of debt discounts:                
12% Convertible Debentures   $ 3,880,609     $ 3,304,893  
12% Second Amended Senior Secured Notes     2,171,910       1,240,782  
Term Note     554,693       -  
Total amortization of debt discount     6,607,212       4,545,675  
Accrued and noncash converted interest:                
12% Convertible Debentures     2,116,281       1,831,130  
12% Second Amended Senior Secured Notes     6,374,746       1,228,709  
Term Note     747,453       -  
Promissory Note     5,844       5,794  
Total accrued and noncash converted interest     9,244,324       3,065,633  
Cash paid interest:                
12% Second Amended Senior Secured Notes     -       2,351,904  
Promissory Note     -       983  
Other     645,681       499,375  
Total cash paid interest expense     645,681       2,852,262  
Total interest expense   $ 16,497,217     $ 10,463,570