Quarterly report pursuant to Section 13 or 15(d)

Debentures (Details Narrative)

v3.20.2
Debentures (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 6 Months Ended
Sep. 27, 2019
May 31, 2020
Jan. 30, 2020
Feb. 28, 2019
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Outstanding debentures         $ 29,153,740   $ 29,153,740   $ 29,873,740
Non-payment penalties         6,900,000 $ 600,000 6,900,000 $ 600,000  
Repayment of debt             720,000  
Proceeds from debt             3,845,000  
Accrued interest expenses           9,500,000   5,400,000  
Debentures [Member]                  
Outstanding debentures         2,600,000   2,600,000    
Proceeds from debt               3,800,000  
Unamortized discounts           1,400,000   1,400,000  
Non-cash interest and amortization of debt discount expense           1,500,000   14,500,000  
Expenses incurred           5,400,000   9,500,000  
Accrued interest expenses         $ 3,900,000 $ 100,000  
Debot converted into shares             1,517,788    
Share price         $ 1.70   $ 1.70    
Debentures One [Member]                  
Debot converted into shares             27,902    
Mr. Diamantis [Member]                  
Debt instrument maturity date Nov. 08, 2019                
Repayment of debt   $ 2,200,000         $ 150,000    
Proceeds from debt $ 1,500,000                
Unamortized discounts $ 300,000                
Forbearance Agreement [Member]                  
Outstanding debentures         $ 29,200,000   29,200,000    
Accrued interest         $ 6,000,000   $ 6,000,000    
Forbearance Agreement [Member] | Mr. Diamantis [Member]                  
Legal fees     $ 50,000            
Debentures principal payments       $ 220,000          
Debt instrument maturity date     Mar. 15, 2020            
Repayment of debt   $ 500,000 $ 4,900,000            
Debentures not repaid     $ 4,700,000