Quarterly report pursuant to Section 13 or 15(d)

Convertible Debt and Convertible Debt, Related Party (Details)

v3.21.1
Convertible Debt and Convertible Debt, Related Party (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Convertible Debt and Convertible Debt, Related Party (Textual)    
Convertible debt maturity date Feb. 23, 2022  
Amendment and acknowledgement agreement, description Further, the minimum interest to be paid under each Convertible Bridge Note shall be the greater of (a) 18 months of accrued interest at 12% per annum; or (b) the sum of the actual interest accrued plus 6 months of additional interest at 12% per annum. In the event of default, the Convertible Bridge Notes shall become immediately due and payable upon the written notice of the holder.  
Note purchase agreements, description If any holder elects to convert their Convertible Bridge Note into common stock, they would also be entitled to receive additional shares of common stock (“Contingent Consideration Shares”) equal to the product of (i) 3,846,153 shares, multiplied by (ii) that holder’s investment amount, divided by (iii) $100,000,000, if at any time within five years after the August 9, 2019 closing date, the last exchange-reported sale price of common stock trades at or above $13.00 for thirty (30) consecutive calendar days.  
Interest payable, description The Company recorded interest expense of $59,138 related to the Convertible Bridge Notes during the three months ended March 31, 2021 and recorded interest expense of $682,940 (including amortization of debt discount of $64,193) during the three months ended March 31, 2020.  
Amortization of debt discount $ 3,646 $ 64,192
Monthly redemption payment, description The Company recorded additional non-cash interest expense in the amount of $46,110 in connection with Monthly Redemption Payments during the three months ended March 31, 2021.  
Bridge Notes [Member]    
Convertible Debt and Convertible Debt, Related Party (Textual)    
Interest expense $ 59,138 682,940
Amortization of debt discount   $ 64,193
Bridge notes, description During the three months ended March 31, 2021, the Company issued 529,383 shares of its common stock, as Monthly Redemption Payments in satisfaction of aggregate amount of $581,818 of principal and $93,091 of interest payable owed on the Senior Notes as well as $146,958 of non-cash interest accrued on the Senior Notes.