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Convertible Debt - Related Party (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Debt Disclosure [Abstract]    
Schedule of convertible debt

 

 

As of

June 30,

2019

 

 

As of

December 31,

2018

 

Total principal value

 

$6,000,000

 

 

$2,000,000

 

Unamortized debt discount

 

 

(2,843,217)

 

 

(587,617)

Unamortized debt issuance costs

 

 

(54,747)

 

 

(51,423)

Carrying value of total convertible debt - related party

 

$3,102,036

 

 

$1,360,960

 

Less, noncurrent portion

 

 

(3,102,036)

 

 

(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
June 30,

 

 

Six Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Interest expense – stated rate

 

$106,167

 

 

$-

 

 

$165,277

 

 

$3,100

 

Non-cash interest expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of debt discount

 

 

184,313

 

 

 

-

 

 

 

238,293

 

 

 

34,608

 

Amortization of transaction costs

 

 

3,485

 

 

 

-

 

 

 

6,458

 

 

 

-

 

 

 

$293,965

 

 

$-

 

 

$410,028

 

 

$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