Advance on Future Receipts (Details Narrative) - USD ($) |
3 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
Mar. 02, 2021 |
Feb. 18, 2021 |
Jan. 13, 2021 |
Jun. 30, 2020 |
Jan. 22, 2020 |
Mar. 31, 2021 |
Mar. 31, 2020 |
Mar. 04, 2021 |
Dec. 31, 2020 |
|
| Debt discount | $ 725,000 | $ 67,000 | |||||||
| Outstanding balance of debt | 3,895,000 | $ 177,000 | |||||||
| Payments of debt | 1,706,000 | $ 411,000 | |||||||
| Two Secured Advances [Member] | Unaffiliated Third-Party [Member] | |||||||||
| Debt principal amount | $ 728,000 | ||||||||
| Purchase of future receipts | $ 1,012,000 | ||||||||
| Agreement terms | Pursuant to the terms of the agreement the unaffiliated third-party will auto withdraw an aggregate of $6,000 from the Company's operating account each banking day. The term of the agreement extends until the advances are paid in full. The notes did not bear any interest, however, the interest was imputed at a rate of 108% based on the face value of the note and the proceeds received. | ||||||||
| Principal payment | $ 6,000 | ||||||||
| Interest rate | 108.00% | ||||||||
| Advance future receipts sold | $ 1,012,000 | ||||||||
| Debt discount | $ 284,000 | ||||||||
| Payments of debt | 177,000 | ||||||||
| Amortization of debt discount | 67,000 | ||||||||
| Two Secured Advances [Member] | Unaffiliated Third-Party [Member] | |||||||||
| Debt principal amount | $ 1,213,000 | ||||||||
| Purchase of future receipts | $ 1,688,000 | ||||||||
| Agreement terms | Pursuant to the terms of the agreement the unaffiliated third-party will auto withdraw an aggregate of $11,000 from the Company's operating account each banking day. The term of the agreement extends until the advances are paid in full. The notes did not bear any interest, however, the interest was imputed at a rate of 108% based on the face value of the note and proceeds received. The Company may pay off either note for $744,000 if paid within 30 days of funding; for $775,000 if paid between 31 and 60 days of funding; or for $806,000 if paid within 61 to 90 days of funding. | ||||||||
| Principal payment | $ 11,000 | ||||||||
| Interest rate | 28.00% | ||||||||
| Advance future receipts sold | $ 1,688,000 | ||||||||
| Debt discount | $ 475,000 | 215,000 | |||||||
| Outstanding balance of debt | 1,112,000 | ||||||||
| Unamortized debt discount | 327,000 | ||||||||
| Payments of debt | 753,000 | ||||||||
| Amortization of debt discount | 148,000 | ||||||||
| Secured Advances [Member] | Unaffiliated Third-Party [Member] | |||||||||
| Debt principal amount | $ 1,440,000 | ||||||||
| Purchase of future receipts | $ 2,040,000 | ||||||||
| Agreement terms | Pursuant to the terms of the agreement the unaffiliated third-party will auto withdraw an aggregate of $13,000 from the Company's operating account each banking day. The term of the agreement extends until the advances are paid in full. The notes did not bear any interest, however, the interest was imputed at a rate of 108% based on the face value of the note and the proceeds received. The Company may pay off either note for $1,725,000 if paid within 30 days of funding; for $1,860,000 if paid between 31 and 60 days of funding; or for $484,000 if paid within 61 to 90 days of funding. | ||||||||
| Principal payment | $ 13,000 | ||||||||
| Interest rate | 29.00% | ||||||||
| Advance future receipts sold | $ 2,040,000 | ||||||||
| Debt discount | $ 600,000 | 248,000 | |||||||
| Outstanding balance of debt | 1,454,000 | ||||||||
| Unamortized debt discount | 352,000 | ||||||||
| Payments of debt | 587,000 | ||||||||
| Amortization of debt discount | 248,000 | ||||||||
| Secured Advances [Member] | Unaffiliated Third-Party [Member] | |||||||||
| Debt principal amount | $ 1,637,000 | $ 1,637,000 | |||||||
| Purchase of future receipts | $ 1,696,000 | $ 1,696,000 | |||||||
| Agreement terms | Pursuant to the terms of the agreement the unaffiliated third-party will auto withdraw an average of $283,000 from the Company's operating account each month. The term of the agreement extends until the advances are paid in full. The notes did not bear any interest, however, the interest was imputed at a rate of 12% based on the face value of the notes and the proceeds received. | Pursuant to the terms of the agreement the unaffiliated third-party will auto withdraw an average of $283,000 from the Company's operating account each month. The term of the agreement extends until the advances are paid in full. The notes did not bear any interest, however, the interest was imputed at a rate of 12% based on the face value of the notes and the proceeds received. | |||||||
| Principal payment | $ 283,000 | $ 283,000 | |||||||
| Interest rate | 3.00% | 3.00% | |||||||
| Advance future receipts sold | $ 1,696,000 | $ 1,696,000 | |||||||
| Debt discount | $ 59,000 | $ 59,000 | |||||||
| Outstanding balance of debt | 1,329,000 | ||||||||
| Unamortized debt discount | 46,000 | ||||||||
| Payments of debt | 367,000 | ||||||||
| Amortization of debt discount | $ 12,000 | ||||||||