Quarterly report pursuant to Section 13 or 15(d)

Supplemental Disclosure of Cash Flow Information (Tables)

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Supplemental Disclosure of Cash Flow Information (Tables)
6 Months Ended
Jun. 30, 2017
Supplemental Cash Flow Elements [Abstract]  
Schedule of Supplemental Cash Flow Information

The supplemental cash flow information for the six months ended June 30, 2017 and 2016 (unaudited) is as follows:

 

    Six Months Ended June 30,  
    2017     2016  
Cash paid for interest   $ 976,984     $ 858,741  
Cash paid for income taxes   $ 401,313     $ -  
                 
Non-cash investing and financing activities:                
Exchange of preferred stock for convertible debentures and warrants   $ 4,490,760     $ -  
Exchange of convertible debentures for convertible debentures and warrants   $ 2,464,500     $ -  
Notes payable settled through issuance of common stock   $ 440,000     $ -  
Exchange of Series H Preferred Stock for debentures   $ 2,174,000     $ -  
Debentures converted into common stock   $ 2,651,236     $ -  
Deemed dividend for trigger of down round provision feature   $ 51,061,339     $ -  
Conversions of preferred stock into common stock   $ 7,785,000     $ -