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

Notes Payable (Tables)

v3.21.1
Notes Payable (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Debt Disclosure [Abstract]    
Summary of Notes Payable

Notes payable outstanding were $1,243,700 and $318,995 at March 31, 2021 and December 31, 2020, respectively.

 

     March 31,
2021
     December 31,
2020
 

AON

   $ 994,789      $ —    

Fifth Restated Note

     —          42,534  

PPP Note

     —          27,550  

CEO Restated Note

     248,911        248,911  
  

 

 

    

 

 

 

Total notes payable

   $ 1,243,700      $ 318,995  
  

 

 

    

 

 

 

Notes payable outstanding were $318,995 and $373,794 at December 31, 2020 and 2019, respectively.

 

     12/31/2020      12/31/2019  

2019 Note

   $ —        $ 98,419  

Fifth Restated Note

     42,534        —    

2019 CFO Note

     —          275,375  

PPP Note

     27,550        —    

CEO Restated Note

     248,911        —    
  

 

 

    

 

 

 

Total notes payable

   $ 318,995      $ 373,794  
  

 

 

    

 

 

 
Summary of Future Principal Payments on Notes Payable

Future principal payments on the notes payable as of March 31, 2021, are as follows: 

 

Year ended December 31,       

2021

   $ 994,789  

2022

     248,911  

2023

     —    

2024

     —    

2025

     —    
  

 

 

 

Total notes payable

   $ 1,243,700  
  

 

 

 

Future principal payments on the notes payable as of December 31, 2020 are as follows: 

 

Year ended December 31,

      

2021

   $ 42,534  

2022

     276,461  

2023

     —    

2024

     —    

2025

     —    
  

 

 

 

Total notes payable

   $ 318,995