Quarterly report pursuant to Section 13 or 15(d)

Debentures (Tables)

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Debentures (Tables)
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Schedule of Debentures

The carrying amount of the Debentures as of June 30, 2017 (unaudited), is as follows:

 

    June 30, 2017  
Debentures   $ 15,261,724  
Discount on Debentures     (10,271,253 )
Deferred financing fees     (408,512 )
      4,581,959  
Less current portion     (1,578,028 )
Debentures, net of current portion   $ 3,003,931