Quarterly report pursuant to Section 13 or 15(d)

Debentures (Tables)

Debentures (Tables)

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Schedule of Debentures

The carrying amount of all outstanding debentures as of March 31, 2018 (unaudited), and December 31, 2017 is as follows:

		March 31, 2018				December 31, 2017
Debentures		$	15,758,851			$	17,720,082
Discount on Debentures			(8,424,756	)			(12,127,634	)
Deferred financing fees			(94,175	)			(224,733	)
			7,239,921				5,367,715
Less current portion			(3,445,841	)			(1,615,693	)
Debentures		$	3,794,079			$	3,752,022

Schedule of Payment on Outstanding Debentures

Payment on all outstanding debentures as of March 31, 2018 are due as follows:

Period ended December 31,
2018		$	5,647,271
2019		$	10,111,580
		$	15,758,851