Convertible notes payable (Tables)

6 Months Ended

Jun. 30, 2019

	June 30,			December 31,
	2019			2018
Issued on December 19, 2014 for $156,000; accrues interest at 8% per annum; due December 19, 2015 (in default); convertible at 68% of the lowest closing price 20 days prior to conversion	$	129,871		$	135,371
Issued on May 1, 2017 for $50,000; accrues interest at 8% per annum; due May 1, 2018 (in default); convertible at 55% of the lowest closing price 20 days prior to conversion		50,000			50,000
Issued on May 1, 2017 for $50,000; accrues interest at 8% per annum; due May 1, 2018 (in default); convertible at 55% of the lowest closing price 20 days prior to conversion		50,000			50,000
Issued on May 1, 2017 for $17,500; accrues interest at 8% per annum; due May 1, 2018 (in default); convertible at 55% of the lowest closing price 20 days prior to conversion		17,500			17,500
Issued on May 1, 2017 for $25,000; accrues interest at 8% per annum; due May 1, 2018 (in default); convertible at 55% of the lowest closing price 20 days prior to conversion		25,000			25,000
Issued on May 3, 2017 for $29,700; accrues interest at 8% per annum; due May 3, 2018 (in default); convertible at 55% of the lowest closing price 20 days prior to conversion		16,515			29,700
Issued on May 3, 2017 for $25,300; accrues interest at 8% per annum; due May 3, 2018 (in default); convertible at 55% of the lowest closing price 20 days prior to conversion		25,300			25,300
Issued on May 3, 2017 for $22,000; accrues interest at 8% per annum; due May 3, 2018 (in default); convertible at 55% of the lowest closing price 20 days prior to conversion		-			22,000
Issued on June 8, 2017 for $140,750; accrues interest at 8% per annum; due June 8, 2018 (in default); convertible at 55% of the lowest closing price 20 days prior to conversion		140,750			140,750
Issued on June 8, 2017 for $140,750; accrues interest at 8% per annum; due June 8, 2018 (in default); convertible at 55% of the lowest closing price 20 days prior to conversion		140,750			140,750
Issued on December 26, 2017 for $120,750; accrues interest at 12% per annum; due June 26, 2018 (in default); convertible at 60% of the average of the three lowest closing price 20 days prior to conversion		-			8,750
Issued on January 26, 2018 for $184,000; accrues interest at 10% per annum; due January 26, 2019 (in default); convertible at 60% of the average of the three lowest closing price 20 days prior to conversion		150,000			150,000
Issued on April 2, 2018 for $45,000; accrues interest at 12% per annum; due October 2, 2018 (in default); convertible at 60% of the average of the three lowest closing price 20 days prior to conversion		45,000			45,000
Issued on May 11, 2018 for $215,000; accrues interest at 12% per annum; due May 11, 2019 (in default); convertible at 60% of the average of the three lowest closing price 20 days prior to conversion		215,000			215,000
Issued on June 21, 2018 for $184,000; accrues interest at 12% per annum; due June 21, 2019 (in default); convertible at 60% of the average of the three lowest closing price 20 days prior to conversion		163,000			163,000
Issued on November 9, 2018 for $241,500; accrues interest at 10% per annum; due May 9, 2019 (in default); convertible at 60% of the average of the three lowest closing price 20 days prior to conversion		202,800			214,500
Issued on December 4, 2018 for $54,500; accrues interest at 10% per annum; due June 4, 2019 (in default); convertible at 60% of the average of the three lowest closing price 20 days prior to conversion		54,500			54,500
Issued on November 7, 2017 for $120,750; accrues interest at 10% per annum; due May 1, 2018 (in default); convertible at 60% of the lowest closing price 20 days prior to conversion		105,750			105,750
Issued on January 29, 2018 for $84,525; accrues interest at 10% per annum; due January 29, 2019 (in default); convertible at 60% of the lowest closing price 20 days prior to conversion		59,953			84,525
Issued on April 8, 2018 for $34,500; accrues interest at 10% per annum; due April 8, 2019 (in default); convertible at 60% of the lowest closing price 20 days prior to conversion		34,500			34,500
Issued on May 22, 2018 for $52,969; accrues interest at 10% per annum; due May 22, 2019 (in default); convertible at 60% of the lowest closing price 20 days prior to conversion		52,969			52,969
Issued on June 15, 2018 for $63,000; accrues interest at 10% per annum; due June 15, 2019 (in default); convertible at 60% of the lowest closing price 20 days prior to conversion		63,000			63,000
Issued on December 11, 2018 for $59,000; accrues interest at 12% per annum; due December 11, 2019; convertible at 60% of the lowest closing price 25 days prior to conversion		59,000			59,000
Issued on April 8, 2019 for $105,000; accrues interest at 8% per annum; due April 8, 2020; convertible at 60% of the lowest closing price 20 days prior to conversion		105,000			-
Issued on April 22, 2019 for $41,345; accrues interest at 12% per annum; due April 22, 2020; convertible at 60% of the lowest closing price 20 days prior to conversion		41,345			-
Issued on April 30, 2019 for $16,100; accrues interest at 10% per annum; due April 30, 2020; convertible at 60% of the lowest closing price 25 days prior to conversion		16,100			-
Issued on May 15, 2019 for $52,500; accrues interest at 8% per annum; due May 15, 2020; convertible at 60% of the lowest closing price 20 days prior to conversion		52,500			-
Issued on June 27, 2019 for $68,250; accrues interest at 8% per annum; due June 27, 2020; convertible at 60% of the lowest closing price 20 days prior to conversion		68,250			-

Total convertible notes payable		2,084,353			1,886,865
Unamortized debt discount		(241,748	)		(471,020	)
Convertible notes payable, net	$	1,842,605		$	1,415,845

Summary of convertible notes and related discounts

	Principal			Debt
	Balance			Discount			Total
Balance, December 31, 2018	$	1,886,865		$	(471,020	)	$	1,415,845
New issuances		283,195			(283,195	)		-
Conversions		(74,007	)		-			(74,007	)
Cash payment		(11,700	)		-			(11,700	)
Amortization		-			512,467			512,467
Balance, June 30, 2019	$	2,084,353		$	(241,748	)	$	1,842,605

Bravatek Solutions, Inc. 10-Q