Schedule of Short-term Borrowings |
The following table summarizes the components
of our short-term borrowings:
|
|
March 31, 2018 |
|
|
December 31, 2017 |
|
|
|
|
|
|
|
|
Q4 2014 Convertible Notes |
|
$ |
126,000 |
|
|
$ |
126,000 |
|
Q1 2015 Convertible Notes |
|
|
60,000 |
|
|
|
60,000 |
|
Q2 2015 Term Loan |
|
|
200,000 |
|
|
|
200,000 |
|
Q3 2015 Convertible Notes |
|
|
45,000 |
|
|
|
45,000 |
|
Q1 2016 Convertible Notes |
|
|
60,000 |
|
|
|
60,000 |
|
Q3 2016 Convertible and Employee Notes |
|
|
507,671 |
|
|
|
507,671 |
|
Q4 2016 Employee Notes |
|
|
110,326 |
|
|
|
110,326 |
|
Q1 2017 Convertible Notes |
|
|
- |
|
|
|
15,000 |
|
Q2 2017 Convertible Notes |
|
|
150,000 |
|
|
|
187,500 |
|
Q3 2017 Convertible Notes |
|
|
84,000 |
|
|
|
112,000 |
|
Q4 2017 Convertible and Employee Notes |
|
|
340,175 |
|
|
|
370,425 |
|
Q1 2018 Convertible Notes |
|
|
262,500 |
|
|
|
- |
|
Total borrowings |
|
|
1,945,672 |
|
|
|
1,793,922 |
|
Less: Debt discount |
|
|
(139,523 |
) |
|
|
(142,117 |
) |
Total borrowings, net of debt discount |
|
$ |
1,806,149 |
|
|
$ |
1,651,805 |
|
|
|
|
|
|
|
|
|
|
Short-term borrowings |
|
$ |
1,136,102 |
|
|
$ |
981,758 |
|
Long-term borrowings |
|
$ |
670,047 |
|
|
$ |
670,047 |
|
Short-term derivative liabilities |
|
$ |
285,803 |
|
|
$ |
261,172 |
|
|