Convertible Notes Payable (Table)

6 Months Ended

Jun. 30, 2019

Notes Payable [Abstract]

Summary of Convertible notes payable

Convertible notes payable at June 30, 2019 and December 31, 2018 consist of the following:

	June 30,			December 31,
	2019			2018
Convertible notes payable to Power Up	$	—		$	427,200
Convertible notes payable to Investor		5,410,000			3,004,000
Convertible note payable for GBT Technologies S. A.		10,000,000			—
Total convertible notes payable		15,410,000			3,431,200
Unamortized debt discount		(4,090,099	)		(3,233,124	)
Convertible notes payable		11,319,901			198,076
Less current portion		(1,319,901	)		(198,076	)
Convertible notes, long-term portion	$	10,000,000		$	—

Rollfoward of convertible note

A roll-forward of the convertible note from December 31, 2018 to June 30, 2019 is below:

Convertible notes, December 31, 2018	$	198,076
Issued for cash		3,000,000
Issued for acquisition		10,000,000
Original issue discount		336,000
Conversion to common stock		(1,357,200	)
Debt discount related to new convertible notes		(3,336,000	)
Amortization of debt discounts		2,479,025
Convertible notes, June 30, 2019	$	11,319,901