Quarterly report pursuant to Section 13 or 15(d)

Dominion Convertible Promissory Notes (Tables)

v3.20.2
Dominion Convertible Promissory Notes (Tables)
 9 Months Ended
Sep. 30, 2020
Dominion Convertible Promissory Notes [Abstract]  
Schedule of convertible promissory note outstanding
    Principal     Unamortized
debt discount		     Net book value,
September 30,
2020
Dominion Convertible Promissory Note   $ 1,805,556     $ (449,425 )   $ 1,356,131
Kingsbrook Convertible Promissory Note (see Note 7)     1,796,411       (937,282 )     859,129
Alpha Convertible Promissory Note (see Note 8)     1,111,111       (995,261 )     115,850
Leak-out shares                     (492,992
Total convertible promissory note outstanding     4,713,078       (2,381,968 )     1,838,118
Schedule of derivative liability
Fair market value of stock   $ 7.37  
Exercise price   $ 5.28  
Volatility     94 %
Risk-free interest rate     0.10 %
Derivative life (years)     0.36