Convertible Notes Payable (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Debt

The debentures (old debt) are summarized as of December 31, 2018 as follows:

Remaining principal balance				$	415,625
Debt discount incurred	$	2,712,335
Amortization of debt discount		(2,277,962	)
Effect of debt extinguishment		(418,510	)
Un-amortized debt discount					15,683
Ending Balance – December 31, 2018				$	399,942

These debentures as of December 31, 2018 are summarized as follows:

Remaining principal balance				$	5,933,289
Debt discount incurred	$	70,000
Amortization of debt discount		(22,693	)
Un-amortized debt discount					47,307
Ending Balance – December 31, 2018				$	5,885,982

Schedule of Interest Expense

Items charged to interest expense for the years ending December 31, 2018 and 2017 are:

	2018		2017
Contractual interest expense	$	131,185	$	-0-
Debt discount amortization		488,791		-0-
Warrant costs		1,788,171		-0-
Total charged to interest expense	$	2,408,147	$	-0-

Items charged to interest expense for the years ending December 31, 2018 and 2017 are:

	2018		2017
Contractual interest expense	$	140,886	$	-0-
Debt discount amortization		22,693		-0-
Total charged to interest expense	$	163,579	$	-0-

Schedule of New Debt Instrument

The modifications resulted in new debt instruments and the principal is summarized as follows:

Principal remaining on old debt modified	$	3,400,000
Accrued interest on old debt modified		100,300
Additional proceeds		2,000,000
Original issue discount		105,265
Redemption premiums		525,045
Total new principal	$	6,130,610