| Schedule of Debt, Accrued Interest and Interest Expense |
The balance of our Senior Convertible Notes
(“Senior Notes”) and accrued interest at June 30, 2018 and December 31, 2017 was as follows:
| |
|
|
|
|
Unamortized |
|
|
|
|
|
|
|
| |
|
Senior |
|
|
Debt |
|
|
Senior |
|
|
|
|
| |
|
Convertible |
|
|
Issuance |
|
|
Convertible |
|
|
Accrued |
|
| |
|
Notes |
|
|
Costs |
|
|
Notes, Net |
|
|
Interest |
|
| Balance, December 31, 2017 |
|
$ |
2,580,000 |
|
|
$ |
(131,430 |
) |
|
$ |
2,448,570 |
|
|
$ |
35,693 |
|
| Conversion of debt |
|
$ |
(2,350,000 |
) |
|
$ |
64,361 |
|
|
$ |
(2,285,639 |
) |
|
$ |
(109,472 |
) |
| Accrued interest |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
84,922 |
|
| Amortize debt issuance costs |
|
|
- |
|
|
|
61,132 |
|
|
|
61,132 |
|
|
|
- |
|
| Balance, June 30, 2018 |
|
|
230,000 |
|
|
|
(5,937 |
) |
|
|
224,063 |
|
|
|
11,143 |
|
| Current portion |
|
|
(230,000 |
) |
|
|
5,937 |
|
|
|
(224,063 |
) |
|
|
(11,143 |
) |
| Long-term portion |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
Debt and accrued interest at December 31, 2017
and interest expense for the year ended December 31, 2017 are as follows:
| |
|
Debt
Balance
|
|
|
Accrued
Interest
|
|
|
Interest
Expense
|
|
| Senior Convertible Notes |
|
$ |
2,580,000 |
|
|
$ |
35,693 |
|
|
$ |
35,693 |
|
| Unamortized Debt Issuance Cost |
|
|
(131,430 |
) |
|
|
- |
|
|
|
23,370 |
|
| Balance, December 31, 2017 |
|
$ |
2,448,570 |
|
|
$ |
35,693 |
|
|
$ |
59,063 |
|
|