Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

v3.21.1
Stockholders' Deficit (Tables)
 12 Months Ended
Dec. 31, 2020
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, 2020 and 2019:

 

    Series H     Series F     Series K     Series L     Series M     Series N     Total  
    Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount  
                                                                                     
Balance at December 31, 2019     10     $ -       1,750,000     $ 17,500       250,000     $ 2,500       -     $ -       -     $ -       -     $ -       2,000,010     $ 20,000  
Exchange of Series K Preferred Stock for Series L Preferred Stock     -       -       -       -       (250,000 )     (2,500 )                                                     (250,000 )     (2,500 )
Issuance of Series L Preferred Stock                                                     250,000       2,500                                       250,000       2,500  
Issuance of Series M Preferred Stock                                                                     22,000       220                       22,000       220  
Issuance of Series N Preferred stock                                                                                     30,435       304       30,435       304  
Conversion of Series N Preferred Stock into common stock     -       -       -       -                       -       -                       (1,001 )     (10 )     (1,001 )     (10 )
Balance at December 31, 2020     10     $       -       1,750,000       17,500       -     $ -       250,000     $ 2,500       22,000     $ 220       29,434     $ 294       2,051,444     $ 20,514  

 

    Series G     Series H     Series F     Series J   Series K   Total  
    Shares     Amount     Shares     Amount     Shares     Amount     Shares     Amount   Shares     Amount   Shares     Amount  
Balance December 31, 2018     215     $ 2       10     $ -       1,750,000     $ 17,500       250,000     $ 2,500     -     $ -     2,000,225     $ 20,002  
Redemption of Series G Preferred Stock     (215 )     (2 )     -       -       -       -       -       -     -       -     (215 )     (2 )
Exchange of Series J Preferred Stock for Series K Preferred Stock     -       -       -       -       -        -       (250,000 )     (2,500 )   -       -     (250,000 )     (2,500 )
Issuance of Series K Preferred Stock     -       -       -       -       -       -       -       -     250,000       2,500     250,000       2,500  
Balance December 31, 2019     0     $  0       10     $   -       1,750,000     $ 17,500       0     $ 0     250,000     $ 2,500     2,000,010     $ 20,000  

Schedule of Stock Option Activity

The following table summarizes the stock option activity for the years ended December 31, 2020 and 2019:

 

   

Number of

options

    

Weighted-

average

exercise price

    

Weighted-

average

contractual term

  
Outstanding at December 31, 2018     34     $ 2,292,509       7.33  
Granted     -                  
Expired     -                  
Forfeit     (4 )                
Outstanding at December 31, 2019     30     $ 2,595,929       6.33  
Granted     -                  
Expired     -                  
Adjustment for no fractional options in reverse stock split     (4 )     N/M          
Outstanding at December 31, 2020     26     $ 2,992,125       5.37  
                         
Exercisable at December 31, 2020     26     $ 2,992,125          

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, 2020:

 

Options outstanding     Options vested and exercisable  
Exercise price     Number outstanding     Weighted average remaining contractual life (years)     Weighted average exercise price     Aggregate intrinsic value     Number vested     Weighted average exercise price     Aggregate intrinsic value  
$ 10,000,000       5       5.25     $ 10,000,000     $    -       5     $ 10,000,000     $  -  
$ 5,000,000       5       5.25     $ 5,000,000       -       5     $ 5,000,000       -  
$ 269,580           8       5.33     $ 269,580             -       8     $ 269,580            -  
$ 80,906        8       5.54     $ 80,906       -       8     $ 80,906       -  
          26       5.37     $ 2,992,125     $ –       26     $ 2,992,125     $ -  

Schedule of Warrants Activity

The following summarizes the information related to warrant activity during the years ended December 31, 2019 and 2020:

 

   

Number of

warrants

    

Weighted

average
exercise price

  
Balance at December 31, 2018     5,307,051     $ 17.26  
Increase in warrants during the period as a result of down round
Provisions		     58,220,985          
March Warrants exercised during the period     (75,500 )   $ (3.36 )
Balance at December 31, 2019     63,452,536     $ 1.44  
Increase in warrants during the period as a result of down round
provisions		     4,507,712,672          
Warrant exercised during the period     (1 )   $ (3,150 )
Balance at December 31, 2020     4,571,165,207     $ 0.02