Quarterly report pursuant to Section 13 or 15(d)

Debentures (Tables)

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

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

 

    September 30, 2019     December 31, 2018  
Debentures   $ 28,690,240     $ 19,034,800  
Discount on Debentures     -       (6,247,469 )
Deferred financing fees     -       (11,015 )
      28,690,240       12,776,316  
Less current portion     (28,690,240 )     (12,776,316 )
Debentures, long-term   $ -     $ -