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FRIENDABLE, INC. 10-Q
CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER OF THE REGISTRANT PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANESOXLEY ACT OF 2002.
CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER OF THE REGISTRANT PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANESOXLEY ACT OF 2002.
CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER OF THE REGISTRANT PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANESOXLEY ACT OF 2002.
10. CONVERTIBLE DEBENTURES (Details)
3 Months Ended
Mar. 31, 2018
USD ($)
Net principal
$ 6,176,700
Discount
672,479
Carrying value
$ 5,504,221
Convertible Debt 1
Issuance
Apr. 02, 2013
Net principal
$ 5,054
Discount
0
Carrying value
$ 5,054
Interest rate
0.00%
Maturity date
Jan. 02, 2014
Convertible Debt 2
Issuance
Aug. 05, 2015
Net principal
$ 474,900
Discount
0
Carrying value
$ 474,900
Interest rate
7.00%
Maturity date
Feb. 05, 2017
Convertible Debt 3
Issuance
Aug. 05, 2015
Net principal
$ 18,750
Discount
0
Carrying value
$ 18,750
Interest rate
7.00%
Maturity date
Feb. 05, 2017
Convertible Debt 4
Issuance
Feb. 17, 2015
Net principal
$ 102,135
Discount
0
Carrying value
$ 102,135
Interest rate
8.00%
Maturity date
Feb. 17, 2016
Convertible Debt 5
Issuance
Feb. 17, 2015
Net principal
$ 5,000
Discount
0
Carrying value
$ 5,000
Interest rate
8.00%
Maturity date
Feb. 17, 2016
Convertible Debt 6
Issuance
Feb. 27, 2015
Net principal
$ 37,500
Discount
0
Carrying value
$ 37,500
Interest rate
8.00%
Maturity date
Feb. 27, 2016
Convertible Debt 7
Issuance
Mar. 19, 2015
Net principal
$ 53,551
Discount
0
Carrying value
$ 53,551
Interest rate
8.00%
Maturity date
Mar. 19, 2016
Convertible Debt 8
Issuance
Mar. 19, 2015
Net principal
$ 8,000
Discount
0
Carrying value
$ 8,000
Interest rate
8.00%
Maturity date
Mar. 19, 2016
Convertible Debt 9
Issuance
May 11, 2015
Net principal
$ 50,000
Discount
0
Carrying value
$ 50,000
Interest rate
8.00%
Maturity date
May 11, 2016
Convertible Debt 10
Issuance
Jun. 02, 2015
Net principal
$ 29,500
Discount
0
Carrying value
$ 29,500
Interest rate
8.00%
Maturity date
Jun. 02, 2016
Convertible Debt 11
Issuance
Jun. 02, 2015
Net principal
$ 45,966
Discount
0
Carrying value
$ 45,966
Interest rate
8.00%
Maturity date
Jun. 02, 2016
Convertible Debt 12
Issuance
Jun. 02, 2015
Net principal
$ 10,000
Discount
0
Carrying value
$ 10,000
Interest rate
8.00%
Maturity date
Jun. 02, 2016
Convertible Debt 13
Issuance
Jun. 02, 2015
Net principal
$ 58,540
Discount
0
Carrying value
$ 58,540
Interest rate
8.00%
Maturity date
Jun. 02, 2016
Convertible Debt 14
Issuance
Jun. 02, 2015
Net principal
$ 35,408
Discount
0
Carrying value
$ 35,408
Interest rate
8.00%
Maturity date
Jun. 02, 2016
Convertible Debt 15
Issuance
Jun. 02, 2015
Net principal
$ 20,758
Discount
0
Carrying value
$ 20,758
Interest rate
8.00%
Maturity date
Jun. 02, 2016
Convertible Debt 16
Issuance
Jun. 11, 2015
Net principal
$ 50,000
Discount
0
Carrying value
$ 50,000
Interest rate
8.00%
Maturity date
Mar. 27, 2016
Convertible Debt 17
Issuance
Jun. 19, 2015
Net principal
$ 30,464
Discount
0
Carrying value
$ 30,464
Interest rate
8.00%
Maturity date
Jun. 19, 2016
Convertible Debt 18
Issuance
Jun. 19, 2015
Net principal
$ 30,000
Discount
0
Carrying value
$ 30,000
Interest rate
8.00%
Maturity date
Jun. 19, 2016
Convertible Debt 19
Issuance
Jun. 19, 2015
Net principal
$ 35,408
Discount
0
Carrying value
$ 35,408
Interest rate
8.00%
Maturity date
Jun. 19, 2016
Convertible Debt 20
Issuance
Jun. 24, 2015
Net principal
$ 37,500
Discount
0
Carrying value
$ 37,500
Interest rate
8.00%
Maturity date
Feb. 27, 2016
Convertible Debt 21
Issuance
Jun. 24, 2015
Net principal
$ 35,000
Discount
0
Carrying value
$ 35,000
Interest rate
8.00%
Maturity date
Feb. 12, 2016
Convertible Debt 22
Issuance
Jun. 24, 2015
Net principal
$ 37,500
Discount
0
Carrying value
$ 37,500
Interest rate
8.00%
Maturity date
Mar. 12, 2016
Convertible Debt 23
Issuance
Jul. 07, 2015
Net principal
$ 75,000
Discount
0
Carrying value
$ 75,000
Interest rate
8.00%
Maturity date
Oct. 07, 2015
Convertible Debt 24
Issuance
Aug. 01, 2015
Net principal
$ 17,408
Discount
0
Carrying value
$ 17,408
Interest rate
8.00%
Maturity date
Aug. 04, 2016
Convertible Debt 25
Issuance
Aug. 01, 2015
Net principal
$ 30,000
Discount
0
Carrying value
$ 30,000
Interest rate
8.00%
Maturity date
Aug. 01, 2016
Convertible Debt 26
Issuance
Aug. 01, 2015
Net principal
$ 35,408
Discount
0
Carrying value
$ 35,408
Interest rate
8.00%
Maturity date
Aug. 01, 2016
Convertible Debt 27
Issuance
Sep. 21, 2015
Net principal
$ 64,744
Discount
0
Carrying value
$ 64,744
Interest rate
8.00%
Maturity date
Sep. 21, 2016
Convertible Debt 28
Issuance
May 03, 2016
Net principal
$ 50,000
Discount
0
Carrying value
$ 50,000
Interest rate
8.00%
Maturity date
May 03, 2017
Convertible Debt 29
Issuance
May 03, 2016
Net principal
$ 50,000
Discount
0
Carrying value
$ 50,000
Interest rate
8.00%
Maturity date
May 11, 2016
Convertible Debt 30
Issuance
May 03, 2016
Net principal
$ 29,500
Discount
0
Carrying value
$ 29,500
Interest rate
8.00%
Maturity date
Jun. 02, 2016
Convertible Debt 31
Issuance
May 03, 2016
Net principal
$ 45,965
Discount
0
Carrying value
$ 45,965
Interest rate
8.00%
Maturity date
Jun. 02, 2016
Convertible Debt 32
Issuance
May 24, 2016
Net principal
$ 61,571
Discount
0
Carrying value
$ 61,571
Interest rate
8.00%
Maturity date
May 24, 2017
Convertible Debt 33
Issuance
May 24, 2016
Net principal
$ 30,464
Discount
0
Carrying value
$ 30,464
Interest rate
8.00%
Maturity date
Jun. 19, 2016
Convertible Debt 34
Issuance
May 26, 2016
Net principal
$ 157,500
Discount
0
Carrying value
$ 157,500
Interest rate
8.00%
Maturity date
May 26, 2017
Convertible Debt 35
Issuance
Jun. 15, 2016
Net principal
$ 5,000
Discount
0
Carrying value
$ 5,000
Interest rate
8.00%
Maturity date
Jun. 15, 2017
Convertible Debt 36
Issuance
Jun. 03, 2016
Net principal
$ 160,000
Discount
0
Carrying value
$ 160,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 37
Issuance
Jun. 03, 2016
Net principal
$ 4,000
Discount
0
Carrying value
$ 4,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 38
Issuance
Jun. 15, 2016
Net principal
$ 50,000
Discount
0
Carrying value
$ 50,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 39
Issuance
Jun. 15, 2016
Net principal
$ 1,250
Discount
0
Carrying value
$ 1,250
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 40
Issuance
May 17, 2016
Net principal
$ 100,000
Discount
0
Carrying value
$ 100,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 41
Issuance
May 17, 2016
Net principal
$ 2,500
Discount
0
Carrying value
$ 2,500
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 42
Issuance
May 20, 2016
Net principal
$ 110,000
Discount
0
Carrying value
$ 110,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 43
Issuance
May 20, 2016
Net principal
$ 2,750
Discount
0
Carrying value
$ 2,750
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 44
Issuance
Jan. 27, 2016
Net principal
$ 250,000
Discount
0
Carrying value
$ 250,000
Interest rate
7.00%
Maturity date
Jul. 27, 2017
Convertible Debt 45
Issuance
Mar. 08, 2016
Net principal
$ 110,000
Discount
0
Carrying value
$ 110,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 46
Issuance
Jan. 27, 2016
Net principal
$ 18,750
Discount
0
Carrying value
$ 18,750
Interest rate
7.00%
Maturity date
Jul. 27, 2017
Convertible Debt 47
Issuance
Mar. 08, 2016
Net principal
$ 5,000
Discount
0
Carrying value
$ 5,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 48
Issuance
Mar. 08, 2016
Net principal
$ 90,000
Discount
0
Carrying value
$ 90,000
Interest rate
8.00%
Maturity date
Sep. 08, 2017
Convertible Debt 49
Issuance
Jul. 08, 2016
Net principal
$ 50,000
Discount
0
Carrying value
$ 50,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 50
Issuance
Aug. 04, 2016
Net principal
$ 110,000
Discount
0
Carrying value
$ 110,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 51
Issuance
Aug. 15, 2016
Net principal
$ 157,000
Discount
0
Carrying value
$ 157,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 52
Issuance
Sep. 12, 2016
Net principal
$ 83,000
Discount
0
Carrying value
$ 83,000
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 53
Issuance
Jul. 08, 2016
Net principal
$ 1,250
Discount
0
Carrying value
$ 1,250
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 54
Issuance
Aug. 04, 2016
Net principal
$ 2,750
Discount
0
Carrying value
$ 2,750
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 55
Issuance
Aug. 15, 2016
Net principal
$ 3,925
Discount
0
Carrying value
$ 3,925
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 56
Issuance
Sep. 12, 2016
Net principal
$ 2,075
Discount
0
Carrying value
$ 2,075
Interest rate
7.00%
Maturity date
Sep. 08, 2017
Convertible Debt 57
Issuance
Aug. 04, 2016
Net principal
$ 110,000
Discount
0
Carrying value
$ 110,000
Interest rate
8.00%
Maturity date
Aug. 04, 2017
Convertible Debt 58
Issuance
Aug. 15, 2016
Net principal
$ 157,500
Discount
0
Carrying value
$ 157,500
Interest rate
8.00%
Maturity date
Aug. 15, 2017
Convertible Debt 59
Issuance
Sep. 08, 2016
Net principal
$ 80,000
Discount
0
Carrying value
$ 80,000
Interest rate
8.00%
Maturity date
Sep. 08, 2017
Convertible Debt 60
Issuance
Nov. 11, 2016
Net principal
$ 80,000
Discount
0
Carrying value
$ 80,000
Interest rate
8.00%
Maturity date
Nov. 11, 2017
Convertible Debt 61
Issuance
Dec. 05, 2016
Net principal
$ 88,000
Discount
0
Carrying value
$ 88,000
Interest rate
8.00%
Maturity date
Dec. 05, 2017
Convertible Debt 62
Issuance
Jan. 09, 2017
Net principal
$ 84,000
Discount
0
Carrying value
$ 84,000
Interest rate
8.00%
Maturity date
Jan. 06, 2018
Convertible Debt 63
Issuance
Mar. 13, 2017
Net principal
$ 32,000
Discount
0
Carrying value
$ 32,000
Interest rate
8.00%
Maturity date
Mar. 13, 2018
Convertible Debt 64
Issuance
Feb. 02, 2017
Net principal
$ 90,198
Discount
0
Carrying value
$ 90,198
Interest rate
8.00%
Maturity date
Feb. 02, 2018
Convertible Debt 65
Issuance
Mar. 15, 2017
Net principal
$ 96,000
Discount
0
Carrying value
$ 96,000
Interest rate
8.00%
Maturity date
Mar. 15, 2018
Convertible Debt 66
Issuance
Oct. 07, 2016
Net principal
$ 465,000
Discount
63,912
Carrying value
$ 401,088
Interest rate
7.00%
Maturity date
Apr. 07, 2018
Convertible Debt 67
Issuance
Nov. 07, 2016
Net principal
$ 295,000
Discount
47,914
Carrying value
$ 247,086
Interest rate
7.00%
Maturity date
May 07, 2018
Convertible Debt 68
Issuance
Dec. 12, 2016
Net principal
$ 295,000
Discount
18,033
Carrying value
$ 276,967
Interest rate
7.00%
Maturity date
Jun. 12, 2018
Convertible Debt 69
Issuance
Jan. 18, 2017
Net principal
$ 295,000
Discount
11,543
Carrying value
$ 283,457
Interest rate
7.00%
Maturity date
Apr. 07, 2018
Convertible Debt 70
Issuance
Apr. 07, 2017
Net principal
$ 25,000
Discount
2,754
Carrying value
$ 22,246
Interest rate
8.00%
Maturity date
Apr. 07, 2018
Convertible Debt 71
Issuance
May 03, 2017
Net principal
$ 27,000
Discount
9,809
Carrying value
$ 17,191
Interest rate
8.00%
Maturity date
May 03, 2018
Convertible Debt 72
Issuance
May 05, 2017
Net principal
$ 30,000
Discount
11,574
Carrying value
$ 18,426
Interest rate
8.00%
Maturity date
May 05, 2018
Convertible Debt 73
Issuance
Jun. 02, 2017
Net principal
$ 698,258
Discount
485,908
Carrying value
$ 212,350
Interest rate
8.00%
Maturity date
Jun. 02, 2018
Convertible Debt 74
Issuance
Jul. 21, 2017
Net principal
$ 27,000
Discount
14,115
Carrying value
$ 12,885
Interest rate
8.00%
Maturity date
Jul. 21, 2018
Convertible Debt 75
Issuance
Jul. 21, 2017
Net principal
$ 24,000
Discount
6,917
Carrying value
$ 17,083
Interest rate
10.00%
Maturity date
Jul. 21, 2018