Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes Payable (Tables)

v3.10.0.1
Convertible Notes Payable (Tables)
 6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Convertible Debt [Table Text Block]
 
 
 
 
 
Carrying Value
 
 
Accrued Interest
 
 
 
 
 
 
Company
 
 
as of
 
 
as of
 
 
Principal Value
 
 
 
Proceeds
 
 
June 30, 2018
 
 
June 30, 2018
 
 
as of Maturity
 
Series C Convertible notes payable
 
$
2,880,000
 
 
$
25,000
 
 
$
4,412
 
 
$
29,412
 
Series D Convertible notes payable
 
 
4,716,992
 
 
 
8,039,580
 
 
 
5,202,081
 
 
$
13,241,661
 
Series F Convertible notes payable
 
 
10,570,000
 
 
 
10,570,000
 
 
 
869,036
 
 
$
11,439,036
 
Various individual convertible notes payable
 
 
1,593,126
 
 
 
1,593,126
 
 
 
468,047
 
 
$
2,061,173
 
Total
 
$
19,760,118
 
 
 
20,227,706
 
 
 
6,543,576
 
 
$
26,771,282
 
Less: Debt discount
 
 
 
 
 
 
(618,534
)
 
 
-
 
 
 
 
 
Less: Embedded conversion features
 
 
 
 
 
 
(1,451,000
)
 
 
-
 
 
 
 
 
Less: Beneficial conversion features
 
 
 
 
 
 
(498,304
)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of June 30, 2018
 
 
 
 
 
$
17,659,868
 
 
$
6,543,576
 
 
 
 
 
  
 
 
 
 
 
Carrying Value
 
 
Accrued Interest
 
 
 
 
 
 
Company
 
 
as of
 
 
as of
 
 
Principal Value
 
 
 
Proceeds
 
 
December 31, 2017
 
 
December 31, 2017
 
 
as of Maturity
 
Series C Convertible notes payable
 
$
2,880,000
 
 
$
25,000
 
 
$
4,412
 
 
$
29,412
 
Series D Convertible notes payable
 
 
4,716,992
 
 
 
8,039,580
 
 
 
1,357,412
 
 
$
9,458,330
 
Series F Convertible notes payable
 
 
9,000,000
 
 
 
9,000,000
 
 
 
112,192
 
 
$
9,000,000
 
Various individual convertible notes payable
 
 
1,584,082
 
 
 
1,584,082
 
 
 
393,087
 
 
$
1,584,082
 
Total
 
$
18,181,074
 
 
 
18,648,662
 
 
 
1,867,103
 
 
$
20,071,824
 
Less: Debt discount
 
 
 
 
 
 
(1,971,997
)
 
 
-
 
 
 
 
 
Less: Embedded conversion features
 
 
 
 
 
 
(10,831,000
)
 
 
-
 
 
 
 
 
Less: Beneficial conversion features
 
 
 
 
 
 
(604,304
)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance as of December 31, 2017
 
 
 
 
 
$
5,241,361
 
 
$
1,867,103