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

Annual report pursuant to Section 13 and 15(d)

Subsequent Events

Subsequent Events	12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	(11) Subsequent Events From December 31, 2018 through March 1, 2019 the Company has issued fourteen Convertible notes for a total of $1,677,063. The notes carry interest at rates ranging from 4% to 18% and are for terms of six to twelve months. The Company also extended the maturity dates of loans due January 19, 2019 to July 19, 2019, loans due February 1, 2019 to May 1, 2019, loans due February 8, 2019 to August 8, 2019, loans due February 26, 2019 to May 26, 2019 and loans due March 15, 2019 to September 15, 2019. On March 1, 2019 the Company entered into a merchant loan agreement for $600,000. From December 31, 2018 through March 28, 2019 the Company issued 560 shares of Series AA Convertible Preferred Stock at $2,500 per share and received $1,260,000 net of $140,000 of broker fees. Each share of Series AA Convertible Preferred Stock carries 1,000 warrants to purchase Common Stock at $3.50 per share and is convertible into 1,000 shares of Common Stock.

Subsequent Events

12 Months Ended

Dec. 31, 2018

(11) Subsequent Events

From December 31, 2018 through March 1, 2019 the Company has issued fourteen Convertible notes for a total of $1,677,063. The notes carry interest at rates ranging from 4% to 18% and are for terms of six to twelve months. The Company also extended the maturity dates of loans due January 19, 2019 to July 19, 2019, loans due February 1, 2019 to May 1, 2019, loans due February 8, 2019 to August 8, 2019, loans due February 26, 2019 to May 26, 2019 and loans due March 15, 2019 to September 15, 2019. On March 1, 2019 the Company entered into a merchant loan agreement for $600,000.

From December 31, 2018 through March 28, 2019 the Company issued 560 shares of Series AA Convertible Preferred Stock at $2,500 per share and received $1,260,000 net of $140,000 of broker fees. Each share of Series AA Convertible Preferred Stock carries 1,000 warrants to purchase Common Stock at $3.50 per share and is convertible into 1,000 shares of Common Stock.