Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

Notes Payable (Tables)

9 Months Ended

Sep. 30, 2018

Debt Disclosure [Abstract]

Schedule of Notes Payable

Notes Payable – Third Parties

		September 30, 2018				December 31, 2017
Loan payable under prepaid forward purchase contract		$	5,000,000			$	5,000,000

Loan payable to TCA Global Master Fund, LP (“TCA”) in the original principal amount of $3 million at 16% interest (the “TCA Debenture”). Principal and interest payments due in various installments through December 31, 2017.			1,359,737				1,616,218

Notes payable to CommerceNet and Jay Tenenbaum in the original principal amount of $500,000, bearing interest at 6% per annum (the “Tegal Notes”). Principal and interest payments due annually from July 12, 2015 through July 12, 2017.			341,612				341,612

			6,701,349				6,957,830
Less current portion			(6,701,349	)			(6,957,830	)
Notes payable - third parties, net of current portion		$	-			$	-

Schedule of Notes Payable - Related Parties

Notes Payable – Related Parties

		September 30, 2018				December 31, 2017
Loan payable to Alcimede LLC, bearing interest at 6% per annum, with all principal and interest due on August 2, 2018		$	-			$	168,500

Loan payable to Christopher Diamantis			450,000				960,000
			450,000				1,128,500
Less current portion			(450,000	)			(1,128,500	)
Total notes payable - related parties, net of current portion		$	-			$	-