| Schedule of convertible debt |
|
|
As of
March 31,
2020
|
|
|
As of
December 31,
2019
|
|
Total principal value |
|
$ |
2,014,500 |
|
|
$ |
2,014,500 |
|
Unamortized debt discount |
|
|
(1,491,997 |
) |
|
|
(1,622,344 |
) |
Unamortized debt issuance costs |
|
|
(4,723 |
) |
|
|
(5,086 |
) |
Carrying value of total convertible debt - related party |
|
$ |
517,780 |
|
|
$ |
387,070 |
|
Less, noncurrent portion |
|
|
(517,780 |
) |
|
|
(387,070 |
) |
Current convertible debt - related party |
|
$ |
— |
|
|
$ |
— |
|
|
|
|
As of December 31, |
|
|
|
2019 |
|
|
2018 |
|
Total principal value |
|
$ |
2,014,500 |
|
|
$ |
2,000,000 |
|
Unamortized debt discount |
|
|
(1,622,344 |
) |
|
|
(587,617 |
) |
Unamortized debt issuance costs |
|
|
(5,086 |
) |
|
|
(51,423 |
) |
Carrying value of total convertible debt - related party |
|
$ |
387,070 |
|
|
$ |
1,360,960 |
|
Less, noncurrent portion |
|
|
(387,070 |
) |
|
|
(1,360,960 |
) |
Current convertible debt – related party |
|
$ |
— |
|
|
$ |
— |
|
|
| Schedule of interest expense |
|
|
Three Months Ended
March 31,
|
|
|
|
2020 |
|
|
2019 |
|
Interest expense - stated rate |
|
$ |
35,645 |
|
|
$ |
59,111 |
|
Non-cash interest expense: |
|
|
|
|
|
|
|
|
Amortization of debt discount |
|
|
130,347 |
|
|
|
53,979 |
|
Amortization of transaction costs |
|
|
363 |
|
|
|
2,973 |
|
|
|
$ |
166,355 |
|
|
$ |
116,063 |
|
|
|
|
Year Ended December 31, |
|
|
|
2019 |
|
|
2018 |
|
Interest expense - stated rate |
|
$ |
371,420 |
|
|
$ |
26,433 |
|
Non-cash interest expense: |
|
|
|
|
|
|
|
|
Amortization of debt discount |
|
|
616,383 |
|
|
|
56,253 |
|
Amortization of transaction costs |
|
|
12,910 |
|
|
|
2,283 |
|
Other interest expense |
|
|
— |
|
|
|
9,794 |
|
|
|
$ |
1,000,713 |
|
|
$ |
94,763 |
|
|