Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.22.2.2
Debt (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Schedule of debt
The Company’s Debt with Sciences consists of the following:
Conversion
Price		 As of June 30,
2022		 As of December 31,
2021
Total principal value of convertible debt—related party $ 0.40  $ 2,014,500  $ 2,014,500 
Unamortized debt discount (173,616) (487,668)
Unamortized debt issuance costs (1,054) (1,927)
Carrying value of total convertible debt - related party 1,839,830  1,524,905 
Total principal value of non-convertible debt—related party n/a 450,000  450,000 
Total carrying value of advances under the multi-draw credit agreement $ 2,289,830  $ 1,974,905 
Schedule of interest expense
The Company’s interest expense consists of the following:
Three Months Ended
June 30,		 Six Months Ended
June 30,
2022 2021 2022 2021
Related party interest expense – stated rate $ 43,608  $ 43,608  $ 86,737  $ 86,737 
Insurance premium loan payable - stated rate 1,603  159  2,669  445 
Non-cash interest expense:
Amortization of debt discount 159,645  145,885  314,052  286,982 
Amortization of transaction costs 444  406  874  799 
$ 205,300  $ 190,058  $ 404,332  $ 374,963