Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

v3.19.3
Stockholders' Deficit (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Summary of Preferred Stock Activity

The following table summarizes the activity in the Company’s various classes of Preferred Stock included in Stockholders’ Deficit for the years ended December 31, 2018 and 2017:

 

    Series G     Series H     Series F     Series J     Total  
    Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount  
Balance December 31, 2016     215     $ 2       10,019     $ 100       -     $ -       -     $ -       10,234     $ 102  
Conversion of Series H Preferred Stock into common stock     -       -       (7,785 )     (78 )     -             -       -       -       (7,785 )     (78 )
Issuance of Series F Preferred Stock for business acquisition     -       -       -       -       1,750,000       17,500       -               -       1,750,000       17,500  
Exchange of Series H Preferred Stock for convertible debentures     -       -        (2,174 )     (22 )     -       -       -       -       (2,174 )     (22 )
Balance December 31, 2017     215     $ 2       60     $ 0       1,750,000     $ 17,500       -     $ -       1,750,275     $ 17,502  

 

    Series G     Series H     Series F     Series J     Total  
    Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount  
Balance December 31, 2017     215     $ 2       60     $ -       1,750,000     $ 17,500       -     $ -       1,750,275     $ 17,502  
Conversion of Series H Preferred Stock into common stock     -       -       (50 )             -       -       -       -       (50 )     -  
Issuance of Series J Preferred Stock     -       -       -                               250,000       2,500       250,000       2,500  
Balance December 31, 2018     215     $ 2       10     $ -       1,750,000     $ 17,500       250,000     $ 2,500       2,000,225     $ 20,002  
Schedule of Stock Option Activity

The following table summarizes the stock option activity for the years ended December 31, 2018 and 2017:

 

    Number of options    

Weighted-

average exercise price

   

Weighted-

average

contractual term

 
Outstanding at December 31, 2016     95     $ 970,725       8.93  
Granted     -                  
Expired     -                  
Forfeit     (18 )                
Outstanding at December 31, 2017     77     $ 1,035,374       8.33  
Granted     -                  
Expired     -                  
Forfeit     -                  
Outstanding at December 31, 2018     77     $ 1,036,374       7.33  
                         
Exercisable at December 31, 2018     68     $ 1,152,616          
Schedule of Stock Option Outstanding and Exercisable

The following table summarizes information with respect to stock options outstanding and exercisable by employees and directors at December 31, 2018:

 

Options outstanding     Options vested and exercisable  
Exercise price     Number outstanding     Weighted average remaining contractual life (years)     Weighted average exercise     Aggregate intrinsic value     Number vested     Weighted average exercise     Aggregate intrinsic value  
$ 2,250,500       22       7.25             $       22     $ 2,250,500     $ -  
$ 1,125,500       22       7.25               -       22     $ 1,125,500       -  
$ 225,000       16       7.33               -       12     $ 225,000       -  
$ 67,500       15       7.54                     12     $ 67,500        
          77             $ 1,036,374     $       68     $ 1,152,616     $  
Schedule of Warrants Activity

The following summarizes the information related to warrant activity during the years ended December 31, 2018 and 2017:

 

    Number of warrants     Weighted average exercise price  
Balance at December 31, 2016     188     $ 87,750.00  
Increase in warrants during the period as a result of down round provisions     4,353,957     $ 18.8119  
Warrants exchanged during the period     (13 )   $ (93,525.00 )
March Warrants exercised during the period     (1,326 )   $ 482.3643  
Balance at December 31, 2017     4,352,806     $ 22.1782  
Increase in warrants during the period as a result of down round provisions     53,234,923,889          
March Warrants expired during the period     (2,760,079 )   $ (0.1700 )
March Warrants exercised during the period     (106,006,177 )   $ (0.0419 )
Balance at December 31, 2018     53,130,510,439     $ 0.0017