Annual report pursuant to Section 13 and 15(d)

Debentures (Tables)

v3.8.0.1
Debentures (Tables)
12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Debentures

The carrying amount of all outstanding debentures as of December 31, 2017 is as follows (there were no debentures outstanding as of December 31, 2016):

 

    December 31, 2017  
Debentures   $ 17,720,082  
Discount on Debentures     (12,127,634 )
Deferred financing fees     (224,733 )
      5,367,715  
Less current portion     (1,615,693 )
Debentures, long term   $ 3,752,022