| Schedule of Debt, Accrued Interest and Interest Expense |
Debt and accrued interest at March 31, 2018
and interest expense for the three months ended March 31, 2018 are as follows:
| |
|
|
|
|
Unamortized |
|
|
|
|
|
|
|
|
|
|
| |
|
Senior |
|
|
Debt |
|
|
Senior |
|
|
|
|
|
|
|
| |
|
Convertible |
|
|
Issuance |
|
|
Convertible |
|
|
Accrued |
|
|
Interest |
|
| |
|
Notes |
|
|
Costs |
|
|
Notes, Net |
|
|
Interest |
|
|
Expense |
|
| Balance, December 31, 2017 |
|
$ |
2,580,000 |
|
|
$ |
(131,430 |
) |
|
$ |
2,448,570 |
|
|
$ |
35,693 |
|
|
$ |
59,063 |
|
| Accrued interest |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
51,600 |
|
|
|
51,600 |
|
| Amortize debt issuance costs |
|
|
- |
|
|
|
36,140 |
|
|
|
36,140 |
|
|
|
- |
|
|
|
36,140 |
|
| Balance, March 31, 2018 |
|
|
2,580,000 |
|
|
|
(95,290 |
) |
|
|
2,484,710 |
|
|
|
87,293 |
|
|
$ |
87,740 |
|
| Current portion |
|
|
(2,580,000 |
) |
|
|
95,290 |
|
|
|
(2,484,710 |
) |
|
|
(87,293 |
) |
|
|
|
|
| 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 |
|
|