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)

6 Months Ended

Jun. 30, 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
Total debt converted during the year 2018	$	12,688,635

Schedule of Convertible Debts and Outstanding Balances

The specific terms of the convertible notes that are outstanding as of June 30, 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
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 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		79,000		-		5	%		-		-		-
June 16, 2018 ¹		6 months		110,000		79,000		-		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 ¹		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 19, 2018 ²		6 months		100,000		100,000		-		5	%	$	7.50
November 13, 2018 ¹		6 months		200,000		200,000		-		15	%	$	7.50		-		30,026
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
June 4, 2019		9 months		500,000		500,000		-		8	%	$	7.50		40,500		70,631
May 15, 2019		12 months		75,000		75,000		7,500		5	%	$	7.50		2,000		4,235
May 28, 2019		12 months		115,500		115,500		5,500		8	%	$	2.75		-		11,177
May 14, 2019		12 months		100,000		100,000		-		6	%	$	7.50		2,000		-
April 30, 2019		12 months		105,000		105,000		-		4	%	$	7.50		5,000		3,286
June 19, 2019		12 months		105,000		105,000		-		4	%	$	7.50		5,000		2,646
April 9, 2019		12 months		118,800		118,800		8,800		4	%	$	7.50		3,000		-
May 6, 2019		12 months		150,000		150,000		-		6	%	$	7.50		7,500		3,534
May 7, 2019		6 months		155,000		155,000		5,000		0	%	$	7.50		-		12,874
April 23, 2019		10 months		103,000		103,000		-		8	%	$	7.50		3,000		-
May 17, 2019		10 months		103,000		103,000		-		8	%	$	7.50		3,000		-
April 10, 2019 ¹		3 months		75,000		75,000		-		5	%	$	7.50		-		13,017
May 20, 2019		3 months		100,000		100,000		-		5	%	$	7.50		-		13,439
June 7, 2019		6 months		125,000		125,000		-		5	%	$	7.50		-		18,254
			$	5,447,548	$	5,195,363	$	131,498						$	169,450	$	346,496

1) The notes were extended for an additional term.

2) The note is currently past due. The Company and the lender are negotiating in good faith to extend the loan with no penalty other than payment of interest owed.

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		3,557,363
Deferred financing cost		(257,134	)
Debt discount from shares issued with the notes		(212,061	)
Payments		(2,533,985	)
Accretion of interest and amortization of debt discount to interest expense		280,078
Balance at June 30,		4,835,066
Less: current portion		4,835,066
Convertible debt, long-term portion	$	-

Schedule of Merchant Agreements

The following table shows our Merchant Agreements as of June 30, 2019.

Inception Date	Purchase Price		Purchased Amount		Outstanding Balance		Daily Payment		Deferred Finance Fees
December 18, 2018		250,000		335,000		-		1,675.00		3,912
February 28, 2019		600,000		804,000		388,965		4,020.00		6,000
April 19, 2019		200,000		272,000		163,063		1,360.00		3,000
May 8, 2019		125,000		170,000		105,413		1,000.00		2,500
June 19, 2019		250,000		342,500		244,059		1,902.77		5,000

	$	1,425,000	$	1,923,500	$	901,500			$	20,412