Convertible Notes Payable (Table)

9 Months Ended

Sep. 30, 2019

Notes Payable [Abstract]

Summary of Convertible notes payable

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

	September 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 to GBT Technologies		10,000,000			—
Convertible note payable to Glen Eagle		1,000,000			—
Total convertible notes payable		16,410,000			3,431,200
Unamortized debt discount		—			(3,233,124	)
Convertible notes payable		16,410,000			198,076
Less current portion		(5,410,000	)		(198,076	)
Convertible notes, long-term portion	$	11,000,000		$	—

Rollfoward of promissory notes

A roll-forward of the promissory notes from December 31, 2018 to September 30, 2019 is below:

Notes payable, December 31, 2018	$	2,699,256
Issued for cash		2,553,818
Original issue discount		300,000
Repayment of note payable		(99,256	)
Debt discount related to new convertible notes		(300,000	)
Amortization of debt discounts		176,712
Notes payable, September 30, 2019	$	5,330,530