Quarterly report pursuant to Section 13 or 15(d)

Convertible Debt - Related Party (Tables)

v3.19.1
Convertible Debt - Related Party (Tables)
 3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
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

 

 $ -

 

 

 $ -

 
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