Quarterly report pursuant to Section 13 or 15(d)

Debentures (Tables)

v3.19.3
Debentures (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debentures

The carrying amount of all outstanding debentures as of March 31, 2019 (unaudited), and December 31, 2018 is as follows:

 

    March 31, 2019     December 31, 2018  
Debentures   $ 20,230,240     $ 19,034,800  
Discount on Debentures     (2,893,148 )     (6,247,469 )
Deferred financing fees     (7,315 )     (11,015 )
      17,329,777       12,776,316  
Less current portion     (17,329,777 )     (12,776,316 )
Debentures, long-term   $ -     $ -