General form of registration statement for all companies including face-amount certificate companies

Advance of Future Receipts - Schedule of Advances on Future Receipts (Details)

v3.20.2
Advance of Future Receipts - Schedule of Advances on Future Receipts (Details) - USD ($)
 3 Months Ended 12 Months Ended
Oct. 30, 2018
Mar. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Original Borrowing   $ 1,012,000 $ 1,012,000  
Total   594,000 1,006,000
Debt discount   (137,000) (274,000)
Net   $ 457,000 $ 732,000
Note 1 [Member]        
Issuance Date   Dec. 01, 2015 [1] Dec. 01, 2015 [2]  
Maturity Date   Feb. 08, 2021 [1] Feb. 08, 2021 [2]  
Interest Rate   12.00% [1] 12.00% [2]  
Original Borrowing   $ 1,249,000 [1] $ 1,249,000 [2]  
Note 2 [Member]        
Issuance Date   Dec. 01, 2015 [3] Dec. 01, 2015 [4]  
Maturity Date Apr. 29, 2019 Apr. 01, 2017 [3] Apr. 01, 2021 [4]  
Interest Rate 5.00% 12.00% [3] 12.00% [4]  
Original Borrowing   $ 112,000 [3] $ 112,000 [4]  
Advance on Future Receipts [Member] | Note 1 [Member]        
Issuance Date   Dec. 24, 2019 Dec. 24, 2019  
Maturity Date   Jun. 30, 2020 Jun. 30, 2020  
Interest Rate   10.00% 10.00%  
Original Borrowing   $ 506,000 $ 506,000  
Total   $ 297,000 $ 503,000
Advance on Future Receipts [Member] | Note 2 [Member]        
Issuance Date   Dec. 24, 2019 Dec. 24, 2019  
Maturity Date   Jun. 30, 2020 Jun. 30, 2020  
Interest Rate   10.00% 10.00%  
Original Borrowing   $ 506,000 $ 506,000  
Total   $ 297,000 $ 503,000
[1] On December 1, 2015, the Company issued a convertible note payable to Mr. Rory J. Cutaia, the Company's majority stockholder and Chief Executive Officer, to consolidate all loans and advances made by Mr. Cutaia to the Company as of that date. The note bears interest at a rate of 12% per annum, secured by the Company's assets, and will mature on February 8, 2021, as amended. As of March 31, 2020, and December 31, 2019, the outstanding balance of the note amounted to $825,000, respectively.
[2] On December 1, 2015, the Company issued a convertible note payable to Mr. Rory J. Cutaia, the Company's majority stockholder and Chief Executive Officer, to consolidate all loans and advances made by Mr. Cutaia to the Company as of that date. The note bears interest at a rate of 12% per annum, secured by the Company's assets, and will mature on February 8, 2021, as amended. As of December 31, 2019 and 2018, the outstanding balance of the note amounted to $825,000, respectively.
[3] On December 1, 2015, the Company issued a note payable to a former member of the Company's board of directors, in the amount of $112,000, representing unpaid consulting fees as of November 30, 2015. The note is unsecured, bears interest rate of 12% per annum, and matured in April 2017. As of March 31, 2020, and December 31, 2019, the outstanding principal balance of the note was equal to $112,000, respectively. As of March 31, 2020, the note was past due, and remains past due. The Company is currently in negotiations with the noteholder to settle the past due note.
[4] On December 1, 2015, the Company issued a note payable to a former member of the Company's board of directors, in the amount of $112,000, representing unpaid consulting fees as of November 30, 2015. The note is unsecured, bears interest rate of 12% per annum, and matured in April 2017. As of December 31, 2019 and 2018, the outstanding principal balance of the note amounted to $112,000, respectively. As of December 31, 2019, the note was past due, and remains past due. The Company is currently in negotiations with the noteholder to settle the past due note.