| Schedule of convertible debt |
|
|
As of
March 31,
2019 |
|
|
As of
December 31, 2018 |
|
Total principal value |
|
$ |
6,000,000 |
|
|
$ |
2,000,000 |
|
Unamortized debt discount |
|
|
(3,027,599 |
) |
|
|
(587,617 |
) |
Unamortized debt issuance costs |
|
|
(58,164 |
) |
|
|
(51,423 |
) |
Carrying value of total convertible debt – related party |
|
$ |
2,914,237 |
|
|
$ |
1,360,960 |
|
Less, noncurrent portion |
|
|
(2,914,237 |
) |
|
|
(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
March 31, |
|
|
|
2019 |
|
|
2018 |
|
Coupon interest expense |
|
$ |
59,111 |
|
|
$ |
3,100 |
|
Noncash Interest Expense |
|
|
|
|
|
|
|
|
Amortization of debt discount |
|
|
53,979 |
|
|
|
34,608 |
|
Amortization of transaction costs |
|
|
2,973 |
|
|
|
- |
|
|
|
$ |
116,063 |
|
|
$ |
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 |
|
|