Convertible notes payable consists of the following:
| |
|
|
|
Conversion Price |
|
|
As of April 30, |
|
| Issuance Date |
|
Maturity Date |
|
(per share) |
|
|
2020 |
|
|
2019 |
|
| October 2017 |
|
October 2022 |
|
$ |
0.15 |
|
|
$ |
50,000 |
|
|
$ |
50,000 |
|
| November 2017 |
|
On Demand |
|
$ |
0.0025 |
|
|
|
- |
|
|
|
5,000 |
|
| January 2018 |
|
On Demand |
|
$ |
0.0025 |
|
|
|
- |
|
|
|
250,000 |
|
| February 2018 |
|
On Demand |
|
$ |
0.0025 |
|
|
|
- |
|
|
|
250,000 |
|
| March 2018 |
|
On Demand |
|
$ |
0.01 |
|
|
|
- |
|
|
|
250,000 |
|
| April 2018 |
|
April 2021 |
|
$ |
0.01 |
|
|
|
100,000 |
|
|
|
100,000 |
|
| Total convertible notes payable |
|
|
|
|
|
|
150,000 |
|
|
|
905,000 |
|
| Less: unamortized debt discount and deferred financing fees |
|
|
|
|
|
|
(34,255 |
) |
|
|
(34,433 |
) |
| |
|
|
|
|
|
|
115,745 |
|
|
|
870,567 |
|
| Less: current portion of convertible notes payable |
|
|
|
|
|
|
90,157 |
|
|
|
855,000 |
|
| Long-term convertible notes payable |
|
|
|
|
|
$ |
25,588 |
|
|
$ |
15,567 |
|
|