Quarterly report pursuant to Section 13 or 15(d)

Debentures (Tables)

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

The carrying amount of all outstanding debentures as of September 30, 2017 (unaudited) is as follows:

 

    September 30, 2017  
Debentures   $ 20,962,234  
Discount on Debentures     (16,398,666 )
Deferred financing fees     (324,563 )
      4,239,005  
Less current portion     -  
Debentures   $ 4,239,005