Pressure BioSciences, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Convertible Debt and Other Debt (Tables)

Convertible Debt and Other Debt (Tables)

3 Months Ended

Mar. 31, 2019

	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

Schedule of Convertible Debts and Outstanding Balances

The specific terms of the convertible notes and outstanding balances as of March 31, 2019 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
February 15, 2018 ¹	6 months		100,000		100,000		-		15	%	$	7.50		9,000		10,474
April 11, 2018 ¹	6 months		100,000		100,000		4,000		15	%	$	7.50		20,000		7,218
April 24, 2018 ¹	9 months		77,000		77,000		-		12	%	$	7.50		2,000		-
April 25, 2018 ¹	12 months		105,000		105,000		-		4	%	$	7.50		5,000		4,590
April 25, 2018 ¹	12 months		105,000		105,000		-		4	%	$	7.50		5,000		4,590
May 17, 2018 ¹	12 months		380,000		380,000		15,200		8	%	$	7.50		15,200		43,607
May 30, 2018 ¹	2 months		150,000		100,000		-		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 ¹	6 months		100,000		100,000		-		5	%	$	7.50		5,000		-
June 16, 2018 ¹	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 17, 2018 ¹	3 months		100,000		100,000		15,000		15	%	$	7.50		-		16,944
July 19, 2018	12 months		184,685		150,000		34,685		10	%	$	7.50		-		-
September 7, 2018 ¹	6 months		85,000		75,000		-		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		185,000				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
January 2, 2019	12 months		125,000		125,000				4	%	$	7.50		6,250		6,620
January 9, 2019	12 months		105,000		105,000				4	%	$	7.50		5,000		2,416
January 9, 2019	12 months		118,750		118,750				5	%	$	7.50		8,750
January 11, 2019	9 months		103,000		103,000				8	%		-		3,000
January 31, 2019	12 months		100,000		100,000				6	%	$	7.50		5,000
January 31, 2019	12 months		108,000		108,000		8,000		4	%	$	7.50		3,000
February 8, 2019	12 months		237,500		237,500		14,750		5	%	$	7.50		7,000
February 21, 2019	12 months		215,000		215,000				4	%	$	7.50		15,000		18,582
February 22, 2019	12 months		65,500		65,000		6,500		5	%	$	7.50		2,000		4,198
February 22, 2019	9 months		115,563		115,563		8,063		7	%	$	7.50		2,500
February 27, 2019	10 months		103,000		103,000				8	%		-		3,000
March 18, 2019	6 months		100,000		100,000				4	%	$	7.50		-		10,762
March 19, 2019	12 months		131,250		131,250				4	%	$	7.50		6,250		4,509
		$	4,966,048	$	4,743,863	$	132,498						$	164,450	$	242,046

1) The notes were extended for an additional term.

Summary of Changes in Convertible Debt and Revolving Note Payable, 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 2019:

	2019
Balance at January 1,	$	4,000,805
Issuance of convertible debt, face value		1,627,063
Deferred financing cost		(136,695	)
Debt discount from shares issued with the notes		(48,552	)
Payments		(1,040,185	)
Accretion of interest and amortization of debt discount to interest expense		101,752
Balance at March 31,		4,504,188
Less: current portion		4,504,188
Convertible debt, long-term portion	$	-

Schedule of Merchant Agreements

The following table shows our Merchant Agreements as of March 31, 2019.

Inception Date	Purchase Price		Purchased Amount		Outstanding Balance		Daily Payment		Deferred Finance Fees
December 18, 2018		250,000		335,000		181,533		1,675.00		3,912
February 28, 2019		600,000		804,000		552,853		4,020.00		6,000
	$	2,330,000	$	3,124,600	$	734,386			$	31,761