Annual report pursuant to Section 13 and 15(d)

Convertible Debt - Related Party (Tables)

v3.19.1
Convertible Debt - Related Party (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of convertible debt

 

 

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

 

 

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