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)

9 Months Ended

Sep. 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 September 30, 2019 are listed in the tables below.

Loan Inception Date	Term		Loan Amount		Outstanding Balance with OID		Original Issue Discount		Interest Rate			Conversion Price			Deferred Finance Fees		Discount related to fair value of conversion feature and warrants/shares
February 15, 2018 (1),(2),(3)		6 months	$	100,000	$	115,000				15	%	$	2.5		$	9,000	$	14,106
May 17, 2018 (1),(2)		12 months	$	380,000	$	191,703	$	15,200		8	%	$	2.5		$	15,200	$	188,007
May 30, 2018 (1),(2)		2 months	$	150,000	$	75,000	$	-		8	%	$	7.5		$	-	$	6,870
June 8, 2018 (1)		6 months	$	50,000	$	50,000	$	2,500		15	%	$	7.5		$	2,500	$	3,271
June 12, 2018 (1)		6 months	$	100,000	$	100,000	$	-		5	%	$	7.5		$	5,000	$	-
June 16, 2018 (1)		9 months	$	130,000	$	79,000	$	-		5	%	$	(4	)	$	-	$	-
June 16, 2018 (1)		6 months	$	110,000	$	79,000	$	-		5	%	$	(4	)	$	-	$	-
June 26, 2018 (1),(3)		3 months	$	150,000	$	86,250	$	-		15	%	$	2.5		$	-	$	25,507
June 28, 2018 (1)		6 months	$	50,000	$	50,000	$	-		15	%	$	7.5		$	-	$	10,518
July 17, 2018 (1),(3)		3 months	$	100,000	$	105,000	$	15,000		15	%	$	2.5		$	-	$	46,597
July 19, 2018 (1)		12 months	$	184,685	$	150,000	$	34,685		10	%	$	7.5		$	-	$	-
October 19, 2018 (1),(2)		6 months	$	100,000	$	100,000	$	-		5	%	$	7.5		$	-	$	-
November 13, 2018 (1),(3)		6 months	$	200,000	$	220,000	$	-		15	%	$	2.5		$	-	$	99,330
January 2, 2019		12 months	$	125,000	$	112,500	$	-		4	%	$	2.5		$	6,250	$	6,620
January 3, 2019 (1)		6 months	$	50,000	$	50,000	$	2,500		15	%	$	7.5		$	2,500	$	-
February 21, 2019		12 months	$	215,000	$	215,000	$	-		4	%	$	2.75		$	15,000	$	96,764
February 22, 2019		9 months	$	115,563	$	115,562	$	8,063		7	%	$	7.5		$	2,500	$	-
March 18, 2019 (2)		6 months	$	100,000	$	100,000	$	-		4	%	$	7.5		$	-	$	10,762
June 4, 2019		9 months	$	500,000	$	500,000	$	-		8	%	$	2.5		$	40,500	$	70,631
May 15, 2019		12 months	$	75,000	$	75,000	$	7,500		5	%		(4	)	$	2,000	$	4,235
May 28, 2019		12 months	$	115,500	$	115,500	$	5,500		8	%	$	2.75		$	-	$	22,354
May 14, 2019		12 months	$	100,000	$	100,000	$	-		6	%	$	7.5		$	2,000	$	-
April 30, 2019		12 months	$	105,000	$	105,000	$	-		4	%	$	7.5		$	5,000	$	3,286
June 19, 2019		12 months	$	105,000	$	105,000	$	-		4	%	$	7.5		$	5,000	$	2,646
April 9, 2019		12 months	$	118,800	$	118,800	$	8,800		4	%	$	7.5		$	3,000	$	-
May 6, 2019		12 months	$	150,000	$	150,000	$	-		6	%	$	7.5		$	7,500	$	3,534
May 7, 2019		6 months	$	155,000	$	155,000	$	5,000		0	%	$	7.5		$	-	$	12,874
April 23, 2019		10 months	$	103,000	$	103,000	$	-		8	%		(4	)	$	3,000	$	-
May 17, 2019		10 months	$	103,000	$	103,000	$	-		8	%		(4	)	$	3,000	$	-
April 10, 20 19 (1),(3)		3 months	$	75,000	$	86,250	$	-		5	%	$	2.5		$	-	$	37,054
May 20, 2019 (1)		3 months	$	100,000	$	100,000	$	-		5	%	$	2.5		$	-	$	13,439
June 7, 2019		6 months	$	125,000	$	125,000	$	-		5	%	$	7.5		$	-	$	18,254
July 1, 2019		12 months	$	107,500	$	107,500	$	-		4	%	$	4.0		$	7,500	$	11,246
July 8, 2019		12 months	$	65,000	$	65,000	$	-		5	%		(4	)	$	8,500	$	4,376
July 10, 2019		9 months	$	112,500	$	112,500	$	-		8	%		(4	)	$	3,000	$	-
July 19, 2019		6 months	$	250,000	$	250,000	$	-		4	%	$	7.5		$	-	$	36,835
July 19, 2019		12 months	$	115,000	$	115,000	$	-		4	%	$	7.5		$	5,750	$	3,989
July 19, 2019		12 months	$	130,000	$	130,000	$	-		6	%	$	7.5		$	6,500	$	-
August 6, 2019		12 months	$	108,000	$	108,000	$	-		4	%	$	7.5		$	11,000	$	-
August 14, 2019		6 months	$	50,000	$	50,000	$	-		3	%	$	7.5		$	-	$	-
August 27, 2019		10 months	$	113,000	$	113,000	$	-		8	%		(4	)	$	3,000	$	-
September 11, 2019		12 months	$	50,000	$	50,000	$	-		6	%		(4	)	$	6,500	$	3,823
September 13, 2019		12 months	$	100,000	$	100,000	$	-		6	%	$	2.50		$	2,000	$	-
September 27, 2019		12 months	$	78,750	$	78,750	$	-		4	%	$	2.50		$	3,750	$	13,759

			$	5,620,298	$	5,215,315	$	104,748							$	186,450	$	770,687

(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.

(3) Interest was capitalized and added to outstanding principal amount.

(4) Note is not currently convertible.

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		4,964,613
Deferred financing cost		(285,813	)
Debt discount from shares issued with the notes		(262,904	)
Contingent BCF on convertible notes		(451,665	)
Conversion of debt into equity		(200,797	)
Payments		(3,705,485	)
Accretion of interest and amortization of debt discount to interest expense		830,181
Balance at September 30,	$	4,888,935
Less: current portion		4,888,935
Convertible debt, long-term portion	$	-

Schedule of Merchant Agreements

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

Inception Date	Purchase Price		Purchased Amount		Outstanding Balance		Daily Payment Rate		Deferred Finance Fees
August 5, 2019		600,000		816,000		503,439		4,533.33		6,000
August 19, 2019		350,000		479,500		309,565		2,664.00		3,000
August 23, 2019		175,000		239,750		158,321		1,410.00		1,750
September 19, 2019		275,000		384,275		273,948		2,137.36		5,000

	$	1,400,000	$	1,919,525	$	1,245,273			$	15,750