Quarterly report pursuant to Section 13 or 15(d)

Debentures (Tables)

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Debentures (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Debentures

The carrying amount of all outstanding debentures as of June 30, 2019 (unaudited), and December 31, 2018 is as follows:

 

    June 30, 2019     December 31, 2018  
Debentures   $ 23,575,240     $ 19,034,800  
Discount on Debentures     (1,351,215 )     (6,247,469 )
Deferred financing fees     (3,616 )     (11,015 )
      22,220,409       12,776,316  
Less current portion     (22,220,409 )     (12,776,316 )
Debentures, long-term   $ -     $ -