| Schedule of convertible debt |
|
|
As of
June 30,
2019
|
|
|
As of
December 31,
2018
|
|
Total principal value |
|
$ |
6,000,000 |
|
|
$ |
2,000,000 |
|
Unamortized debt discount |
|
|
(2,843,217 |
) |
|
|
(587,617 |
) |
Unamortized debt issuance costs |
|
|
(54,747 |
) |
|
|
(51,423 |
) |
Carrying value of total convertible debt - related party |
|
$ |
3,102,036 |
|
|
$ |
1,360,960 |
|
Less, noncurrent portion |
|
|
(3,102,036 |
) |
|
|
(1,360,960 |
) |
Current convertible debt - related party |
|
$ |
- |
|
|
$ |
- |
|
|
|
|
As of December 31, |
|
|
|
2018 |
|
|
2017 |
|
|
|
|
|
|
|
|
Total principal value |
|
$ |
2,000,000 |
|
|
$ |
500,000 |
|
Unamortized debt discount |
|
|
(587,617 |
) |
|
|
(265,000 |
) |
Unamortized debt issuance costs |
|
|
(51,423 |
) |
|
|
- |
|
Carrying value of total convertible debt – related party |
|
$ |
1,360,960 |
|
|
$ |
235,000 |
|
Less, noncurrent portion |
|
|
(1,360,960 |
) |
|
|
- |
|
Current convertible debt – related party |
|
$ |
- |
|
|
$ |
235,000 |
|
|
| Schedule of interest expense |
|
|
Three Months Ended
June 30, |
|
|
Six Months Ended
June 30,
|
|
|
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
Interest expense – stated rate |
|
$ |
106,167 |
|
|
$ |
- |
|
|
$ |
165,277 |
|
|
$ |
3,100 |
|
Non-cash interest expense: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of debt discount |
|
|
184,313 |
|
|
|
- |
|
|
|
238,293 |
|
|
|
34,608 |
|
Amortization of transaction costs |
|
|
3,485 |
|
|
|
- |
|
|
|
6,458 |
|
|
|
- |
|
|
|
$ |
293,965 |
|
|
$ |
- |
|
|
$ |
410,028 |
|
|
$ |
37,708 |
|
|
|
|
Years Ended December 31, |
|
|
|
2018 |
|
|
2017 |
|
|
|
|
|
|
|
|
Coupon interest expense |
|
$ |
26,433 |
|
|
$ |
667 |
|
Noncash Interest Expense |
|
|
|
|
|
|
|
|
Amortization of debt discount |
|
|
56,253 |
|
|
|
- |
|
Amortization of transaction costs |
|
|
2,283 |
|
|
|
- |
|
Other interest expense |
|
|
9,794 |
|
|
|
|
|
|
|
$ |
94,763 |
|
|
$ |
667 |
|
|