Annual report pursuant to Section 13 and 15(d)

Financing Arrangements (Tables)

v3.21.1
Financing Arrangements (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Debt and Financing Obligations

The composition of the Company’s debt and financing obligations was as follows:

 

    As of December 31,  
    2020     2019  
2019 $500,000 Founder Bridge Note   $ -     $ 500,000  
2019 Vendor Payable Conversion Note     -       137,729  
2019 $1,000,000 Convertible Bridge Notes     -       1,000,000  
Note payable – auto financing     21,608       28,555  
      21,608       1,666,284  
Less: debt discount     -       (341,310 )
      21,608       1,324,974  
Less: current portion     (7,548 )     (1,006,947 )
Long-term debt   $ 14,060     $ 318,027