| Schedule of Convertible Debt |
Convertible debentures consist of the
following:
| |
|
June 30, 2018 |
|
|
December 31, 2017 |
|
| |
|
(Unaudited) |
|
|
|
|
| Convertible debenture - Hillair Capital |
|
$ |
4,182,709 |
|
|
|
3,784,230 |
|
| Convertible debenture – HSPL Capital |
|
|
2,117,501 |
|
|
|
1,915,770 |
|
| Less: Original issuance discount |
|
|
(87,874 |
) |
|
|
(267,619 |
) |
| Less: Class B Convertible Preferred Stock discount |
|
|
(165,081 |
) |
|
|
(207,125 |
) |
| Less: Debt issuance cost |
|
|
(160,365 |
) |
|
|
(361,110 |
) |
| Convertible debentures, net |
|
$ |
5,886,890 |
|
|
$ |
4,864,146 |
|
| Current portion |
|
$ |
5,886,890 |
|
|
$ |
4,864,146 |
|
|
Convertible debentures consist of the
following:
| |
|
December 31, 2017 |
|
|
December 31, 2016 |
|
| Convertible debenture - Hillair Capital |
|
$ |
3,784,230 |
|
|
|
5,700,000 |
|
| Convertible debenture – HSPL Holdings, LLC |
|
|
1,915,770 |
|
|
|
- |
|
| Less: Original issuance discount |
|
|
(267,619 |
) |
|
|
(627,104 |
) |
| Less: Class B Convertible Preferred Stock discount |
|
|
(207,125 |
) |
|
|
(485,353 |
) |
| Less: Debt issuance cost |
|
|
(361,110 |
) |
|
|
(787,601 |
) |
| Convertible debentures, net |
|
$ |
4,864,146 |
|
|
$ |
3,799,942 |
|
| Current portion |
|
$ |
4,864,146 |
|
|
$ |
- |
|
| Long term portion |
|
$ |
- |
|
|
$ |
3,799,942 |
|
|