DEBTS PAYABLE & SENIOR SECURED NOTES - Accrued interest payable (Details) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Dec. 10, 2020 |
Dec. 31, 2020 |
Dec. 31, 2019 |
|
Borrowings [abstract] | |||
Proceeds from borrowings | $ 103,571,105 | ||
Debt repaid | 5,615,225 | $ 2,879,329 | |
Total accrued interest payable related to senior secured notes as of December 31, 2020 | $ 3,301,155 | 815,662 | |
Senior secured notes | |||
Disclosure of detailed information about borrowings [line items] | |||
Terms of note | 4 years | ||
Promissory note | $ 110,000,000 | ||
Annual interest rate | 12.50% | ||
Periods for option to be paid off at face value | 48 months | 24 months | |
Debt issuance costs | $ 6,473,895 | $ 6,437,895 | |
Period to amortize issuance costs | 48 months | ||
Borrowings [abstract] | |||
Balance at the beginning of the year | 0 | ||
Proceeds from borrowings | 110,000,000 | ||
Debt issuance costs | $ (6,473,895) | (6,437,895) | |
Debt issuance costs amortized | 90,858 | ||
Balance at the end of the year | 103,652,963 | $ 0 | |
Total accrued interest payable related to senior secured notes as of December 31, 2020 | $ 791,096 |