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

Note Exchange Agreement (Tables)

v3.21.1
Note Exchange Agreement (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Exchange for Conversion of Preferred Shares for Promissory Notes

Pursuant to the terms of the Agreements, the Company agreed to exchange the preferred shares held by the respective Converting Stockholders for promissory notes as follows:

 

Series of
Preferred
Stock		   No. of
Converting
Holders of
Preferred
Stock		     Aggregate
No. of
Shares Held
by
Converting
Stockholders		     Aggregate
Principal
Amount of
Notes into
which
Shares
Converted		  
B     1       222     $ 11  
C     1       123,526     $ 12,353  
D     3       147,577     $ 29,516  
E     —       —     $ —  
F     1       23,333     $ 233  
G     2       346,840     $ 3,468  
H     3       916     $ 916  
I     3       3,241     $ 3,241  
J     5       4,296     $ 42,961  
K     7       70,571     $ 70,571  
L     3       1,333     $ 5,000  
      TOTAL:       721,855     $ 168,270