Pressure BioSciences, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Convertible Debt and Other Debt (Tables)

Convertible Debt and Other Debt (Tables)

12 Months Ended

Dec. 31, 2018

	Debt converted to stock
Current liabilities
Convertible Debentures, face value	$	6,962,635
Revolving Note with interest		4,750,000
May 19, 2017 Promissory Note with interest		750,000
Other Notes with interest		226,000
Total debt converted during the year 2018	$	12,688,635

Schedule of Convertible Debts and Outstanding Balances

The specific terms of the convertible notes and outstanding balances as of December 31, 2018 are listed in the tables below.

Inception Date	Term	Loan Amount		Outstanding Balance with OID		Original Issue Discount		Interest Rate			Conversion Price (Convertible at Inception Date)		Deferred Finance Fees		Discount related to fair value of conversion feature and warrants/shares
January 3, 2018	12 months		95,000		-		4,750		5	%		-		2,000		-
January 16, 2018	12 months		131,250		-		-					-		6,250		-
January 19, 2018	6 months		150,000		-		-		10	%	$	7.50		6,000		12,267
February 9, 2018	6 months		100,000		-		-		15	%	$	7.50		23,500		-
February 15, 2018	6 months		100,000		100,000		-		15	%	$	7.50		9,000		10,474
March 12, 2018	6 months		85,000		-		1,150		5	%		-		4,250		5,183
March 12, 2018	6 months		253,000		-		53,000		0	%		-				28,722
April 11, 2018 ¹	6 months		100,000		100,000		4,000		15	%	$	7.50		20,000		7,218
April 23, 2018	6 months		103,000		-		-		12	%		-		3,000		-
April 24, 2018	9 months		77,000		77,000		-		12	%	$	7.50		2,000		-
April 25, 2018	12 months		105,000		105,000		-		4	%	$	7.50		5,000		4,590
April 25, 2018	12 months		105,000		105,000		-		4	%	$	7.50		5,000		4,590
April 25, 2018	12 months		130,000		-		-		6	%	$	7.50		6,500		-
April 26, 2018	12 months		65,000		-		6,500		5	%		-		2,000		-
May 9, 2018	12 months		250,000		-		-		10	%	$	7.50		12,500		26,466
May 11, 2018 ¹	6 months		161,250		161,250		11,250		15	%	$	7.50		10,000		-
May 14, 2018	9 months		50,000		-		2,500		15	%	$	7.50		2,500		3,704
May 17, 2018	12 months		380,000		380,000		15,200		8	%	$	7.50		15,200		43,607
May 23, 2018	9 months		103,000		-		-		12	%		-		3,000		-
May 24, 2018	9 months		52,500		-		2,500		4	%		-		-		2,075
May 25, 2018	12 months		78,750		-		-		4	%	$	7.50		3,750		3,112
May 30, 2018	2 months		150,000		150,000		-		8	%	$	7.50		-		6,870
June 4, 2018	12 months		75,000		75,000		7,500		5	%		-		2,000		3,869
June 8, 2018 ¹	6 months		50,000		50,000		2,500		15	%	$	7.50		2,500		3,271
June 12, 2018	6 months		100,000		100,000		-		5	%	$	7.50		5,000		-
June 14, 2018	9 months		280,000		210,000		25,000		10	%		-		5,000		17,573
June 16, 2018	9 months		130,000		101,500		-		5	%		-		-		-
June 16, 2018 ¹	6 months		110,000		101,500		-		5	%		-		-		-
June 26, 2018 ¹	3 months		150,000		75,000		-		15	%	$	7.50		-		20,242
June 28, 2018 ¹	6 months		50,000		50,000		-		15	%	$	7.50		-		10,518
July 2, 2018	12 months		125,000		-		-		4	%		-		6,250		5,588
July 10, 2018	12 months		95,000		95,000		6,750		5	%		-		-		-
July 13, 2018	9 months		103,000		103,000		-		12	%		-		3,000		-
July 17, 2018 ¹	3 months		100,000		100,000		15,000		15	%	$	7.50		-		16,944
July 19, 2018	12 months		184,685		184,685		34,685		10	%	$	7.50		-		-
July 30, 2018	12 months		80,000		80,000		-		6	%	$	7.50		4,000		-
July 31, 2018	3 months		150,000		-		-		12	%	$	7.50		-		6,578
August 8, 2018	6 months		100,000		-		-		15	%	$	7.50		-		-
August 15, 2018	4 months		100,000		-		-		15	%	$	7.50		-		-
August 28, 2018	12 months		131,250		131,250		-		4	%		-		6,250		4,443
September 7, 2018	6 months		85,000		85,000		-		5	%		-		-		4,364
October 1, 2018	6 months		118,800		118,800		8,800		25	%	$	7.50		3,000
October 19, 2018	6 months		100,000		100,000		-		5	%	$	7.50
October 23, 2018	6 months		103,000		103,000				12	%		-		3,000
October 29, 2018	6 months		77,000		77,000				12	%	$	7.50		2,000
November 5, 2018	6 months		105,000		105,000				4	%		-		5,000		3,872
November 5, 2018	6 months		130,000		130,000				6	%	$	7.50		6,500
November 7, 2018	6 months		205,000		205,000				4	%	$	7.50		5,000		17,906
November 13, 2018	6 months		75,000		75,000		7,500		5	%		-		2,000		4,656
November 13, 2018	6 months		200,000		200,000				15	%	$	7.50				30,026
November 21, 2018	9 months		103,000		103,000				12	%		-		3,000
November 27, 2018	12 months		70,000		70,000				4	%		-		2,500		1,922
December 26, 2018	2 months		150,000		150,000		3,750		5	%	$	7.50		3,750

		$	6,460,485	$	4,156,985	$	212,335						$	211,200	$	310,650

1.) The notes were extended for an additional term.

Summary of Changes in Convertible Debt, Net of Unamortized Discounts

The following table provides a summary of the changes in convertible debt and revolving note payable, net of unamortized discounts, during 2018:

	2018
Balance at January 1,	$	11,787,776
Issuance of convertible debt, face value		6,625,800
Deferred financing cost		(448,002	)
Debt discount related to one-time interest charge		(187,311	)
Contingent beneficial conversion feature on convertible note		(253,000	)
Debt discount from warrants issued with debt		(162,023	)
Debt discount from shares issued with the notes		(288,648	)
Conversion of debt into equity		(10,962,634	)
Payments		(3,522,000	)
Accretion of interest and amortization of debt discount to interest expense through September 30,		1,410,847
Balance at December 31,		4,000,805
Less: current portion		4,000,805
Convertible debt, long-term portion	$	-

Schedule of Merchant Agreements

The following table shows our Merchant Agreements as of December 31, 2018.

Inception Date	Purchase Price		Purchased Amount		Outstanding Balance		Daily Payment		Deferred Finance Fees
February 27, 2018		110,000		147,400		-		921.25		1,650
April 11, 2018		140,000		187,600		-		1,275.00		2,800
May 11, 2018		180,000		243,000		-		1,518.75		2,599
May 15, 2018		180,000		244,800		-		1,530.00		3,600
June 29, 2018		140,000		190,400		-		1,269.33		2,100
July 16, 2018		180,000		246,600		-		1,790.00		3,600
October 18, 2018		550,000		725,800		447,839		3,630.00		5,500
December 18, 2018		250,000		335,000		243,593		1,675.00		3,912
	$	1,730,000	$	2,320,600	$	691,432			$	25,761