Quarterly report pursuant to Section 13 or 15(d)

DEFERRED RD OBLIGATIONS PARTICIPATION AGREEMENTS (Details)

v3.22.2
DEFERRED RD OBLIGATIONS PARTICIPATION AGREEMENTS (Details)
 6 Months Ended
Jun. 30, 2022
USD ($)
$ / shares
shares
Amount Funded $ 2,985,000
Warrants | shares 106,315
Revenue Share 44.775%
Minimum Payment Threshold $ 984,000
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 1  
Amount Funded $ 100,000
Warrants | shares 3,750
Revenue Share 1.50%
Minimum Payment Threshold $ 0
Date Of Funding April 13, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 40.00%
Agreement 2  
Amount Funded $ 150,000
Warrants | shares 5,625
Revenue Share 2.25%
Minimum Payment Threshold $ 0
Date Of Funding April 13, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 40.00%
Agreement 3  
Amount Funded $ 150,000
Warrants | shares 5,625
Revenue Share 2.25%
Minimum Payment Threshold $ 0
Date Of Funding April 13, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 40.00%
Agreement 4  
Amount Funded $ 250,000
Warrants | shares 9,375
Revenue Share 3.75%
Minimum Payment Threshold $ 0
Date Of Funding May 7, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 40.00%
Agreement 5  
Amount Funded $ 275,000
Warrants | shares 10,313
Revenue Share 4.125%
Minimum Payment Threshold $ 82,500
Date Of Funding June 1, 2020
Term 5 Years
Exercise Price | $ / shares $ 8.80
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 6  
Amount Funded $ 225,000
Warrants | shares 8,438
Revenue Share 3.375%
Minimum Payment Threshold $ 67,500
Date Of Funding June 3, 2020
Term 5 Years
Exercise Price | $ / shares $ 8.80
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 7  
Amount Funded $ 100,000
Warrants | shares 3,750
Revenue Share 1.50%
Minimum Payment Threshold $ 30,000
Date Of Funding July 8, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 8  
Amount Funded $ 125,000
Warrants | shares 4,688
Minimum Payment Threshold $ 37,500
Date Of Funding Aug. 24, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Revenue Share 1.875%
Agreement 9  
Amount Funded $ 150,000
Warrants | shares 5,625
Revenue Share 2.25%
Minimum Payment Threshold $ 45,000
Date Of Funding Sept. 14, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 21  
Amount Funded $ 45,000
Warrants | shares 1,688
Revenue Share 0.675%
Minimum Payment Threshold $ 13,500
Date Of Funding May 14,2021
Term 5 Years
Exercise Price | $ / shares $ 10.40
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 10  
Amount Funded $ 50,000
Warrants | shares 1,875
Revenue Share 0.75%
Minimum Payment Threshold $ 15,000
Date Of Funding Sept.15, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 11  
Amount Funded $ 50,000
Warrants | shares 1,875
Revenue Share 0.75%
Minimum Payment Threshold $ 15,000
Date Of Funding Sept.15, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 12  
Amount Funded $ 300,000
Warrants | shares 5,625
Revenue Share 4.50%
Minimum Payment Threshold $ 420,000
Date Of Funding Sept.25, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 13  
Amount Funded $ 500,000
Warrants | shares 18,750
Revenue Share 7.50%
Minimum Payment Threshold $ 150,000
Date Of Funding Oct. 8, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 40.00%
Agreement 14  
Amount Funded $ 100,000
Warrants | shares 3,750
Revenue Share 1.50%
Minimum Payment Threshold $ 40,000
Date Of Funding Oct. 4, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 18  
Amount Funded $ 40,000
Warrants | shares 1,500
Revenue Share 0.60%
Minimum Payment Threshold $ 12,000
Date Of Funding Jan. 22, 2021
Term 5 Years
Exercise Price | $ / shares $ 11.20
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 15  
Amount Funded $ 250,000
Warrants | shares 9,375
Revenue Share 3.75%
Minimum Payment Threshold $ 0
Date Of Funding Oct. 4, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 40.00%
Agreement 16  
Amount Funded $ 50,000
Warrants | shares 1,875
Revenue Share 0.75%
Minimum Payment Threshold $ 15,000
Date Of Funding Oct. 9, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 40.00%
Agreement 17  
Amount Funded $ 10,000
Warrants | shares 375
Revenue Share 0.15%
Minimum Payment Threshold $ 17,000
Date Of Funding Dec. 16, 2020
Term 5 Years
Exercise Price | $ / shares $ 9.60
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 19  
Amount Funded $ 40,000
Warrants | shares 1,500
Revenue Share 0.60%
Minimum Payment Threshold $ 12,000
Date Of Funding Jan. 25, 2021
Term 5 Years
Exercise Price | $ / shares $ 11.20
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%
Agreement 20  
Amount Funded $ 25,000
Warrants | shares 938
Revenue Share 0.375%
Minimum Payment Threshold $ 12,000
Date Of Funding Jan. 27, 2021
Term 5 Years
Exercise Price | $ / shares $ 11.20
Buy-back Premium % Pre-18 Mos. 40.00%
Buy-back Premium % Post18 Mos. 50.00%