CONVERTIBLE DEBENTURES, NOTES AND OTHER DEBT (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

SCHEDULE OF CONVERTIBLE DEBENTURES AND NOTES, NET OF DISCOUNT

As of March 31, 2023, special purchase agreements (SPAs) with convertible debentures and notes, net of debt discount and including accrued interest, if any, consist of the following amounts:

	March 31,		December 31,
	2023		2022
Convertible debentures
10% Convertible note payable, due April 23, 2022 – Bridge Investor	$	35,556	$	35,556
10% Convertible note payable, due April 23, 2022 – Related Party		164,444		164,444
10% Convertible note payable, due August 6, 2022 – Bridge Investor		200,000		200,000
		400,000		400,000
Fall 2019 Notes
5% Convertible note payable – Stephen Boesch		125,208		123,958
5% Convertible note payable – Related Party		291,858		288,733
5% Convertible note payable – Dr. Sanjay Jha (Through his family trust)		291,378		288,253
5% Convertible note payable – CEO, CTO* & CFO – Related Parties		95,483		94,457
5% Convertible note payable – Bridge Investors		195,622		193,522
		999,549		988,923
August 2021 Convertible Notes
5% Convertible note – Autotelic Inc– Related Party		270,677		267,553
5% Convertible note – Bridge investors		404,392		399,722
5% Convertible note – CFO – Related Party		81,204		80,266
		756,273		747,541
JH Darbie PPM Debt
16% Convertible Notes - Non-related parties		2,449,408		2,441,471
16% Convertible Notes – CEO – Related Party		125,000		124,547
		2,574,408		2,566,018
November/December 2021 & March 2022 Notes
16% Convertible Notes – Accredited Investors		627,550		619,345
Debt for Clinical Trials – GMP
2% Convertible Notes – GMP		4,682,193		4,659,782
May and June 2022 Note
16% Convertible Notes – Accredited Investors		1,191,377		885,312
Other Debt
Short term debt – Bridge investors		245,000		245,000
Short term debt from CFO – Related Party		25,050		25,050
Short term debt – Autotelic Inc– Related Party		320,000		120,000
		590,050		390,050
Accrued interest		38,828		-
Total of convertible debentures & notes and other debt	$	11,860,228		11,256,971

SCHEDULE OF CONVERTIBLE NOTES, NET OF DISCOUNT

As of March 31, 2023, and December 31, 2022, convertible notes under the November/December 2021 Financing, net of debt discount, consist of the following amounts:

	March 31, 2023			December 31, 2022
Blue Lake Partners LLC Convertible note, 16% coupon, December 2021 (In default and inclusive of accrued interest)		234,458			227,817
Fourth Man LLC Convertible note, 16% coupon December 2022 (In default and inclusive of accrued interest)		114,900			112,500
Convertible notes, gross	$	349,358		$	339,687
Less: Debt discount recorded		(500,000	)		(500,000	)
Amortization debt discount		500,000			500,000
Convertible notes, net	$	349,358		$	339,687

As of March 31, 2023, and December 31, 2022, Fourth Man convertible note, net of debt discount, consist of the following amounts:

	March 31, 2023		December 31, 2022
Fourth Man Convertible note, 16% coupon March 2023 inclusive of accrued interest	$	278,193	$	340,959
Unamortized debt discount		-		(61,301	)
Convertible notes, net	$	278,193		279,658

 As of March 31, 2023, and December 31, 2022, convertible note under the May 2022 Mast Financing, net of debt discount, consist of the following amounts:

	March 31, 2023			December 31, 2022
Mast Hill Convertible note, 16% coupon May 2023, inclusive of accrued interest	$	847,000		$	847,000
Convertible notes, gross	$	847,000		$	847,000
Less Debt discount recorded		(605,000	)		(605,000	)
Amortization debt discount, net of reversal of original and unamortized BCF		509,261			333,119
Convertible notes, net	$	751,261		$	575,119

 As of March 31, 2023 and December 31, 2022, convertible note under the June 2022 Blue Lake Financing, net of debt discount, consist of the following amounts:

	March 31, 2023			December 31, 2022
Blue Lake Convertible note, 16% coupon June 2023, inclusive of accrued interest	$	469,000		$	469,000
Convertible notes, gross	$	469,000		$	469,000
Less Debt discount recorded		(332,748	)		(332,748	)
Amortization debt discount, net of reversal of original and unamortized BCF		303,864			173,941
Convertible notes, net	$	440,116		$	310,193

 

SCHEDULE OF SHORT-TERM LOANS

As of March 31, 2023 compared to December 31, 2022, other short-term advances consist of the following amounts obtained from various employees and related parties:

Other Advances	March 31, 2022		December 31, 2022
Short term advance from CFO – Related Party	$	25,050	$	25,050
Short term advances – bridge investors & others		245,000		245,000
Short term advance – Autotelic Inc. – Related Party		320,000		120,000
	$	590,050	$	390,050