Annual report pursuant to Section 13 and 15(d)

Debentures (Tables)

v3.19.3
Debentures (Tables)
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Debentures

The carrying amount of all outstanding debentures as of December 31, 2018 and 2017 was as follows:

 

    December 31,  
    2018     2017  
Debentures   $ 19,034,800     $ 17,720,082  
Discount on debentures     (6,247,469 )     (12,127,634 )
Deferred financing fees     (11,015 )     (224,733 )
                 
      12,776,316       5,367,715  
Less current portion     (12,776,316 )     (1,615,693 )
Debentures, long term   $ -     $ 3,752,022