Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficit (Tables)

v3.20.1
Stockholders' Deficit (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019 and 2018:

 

    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, 2017     215     $        2       60     $        -       1,750,000-     $ 17,500       -     $ -                -     $         -       1,750,275     $ 17,502  
Conversion of Series H Preferred Stock into common stock     -       -       (50 )     -       -       -       -       -        -       -       (50 )     (50 )
Issuance of Series J Preferred Stock     -       -       -       -       -       -       250,000       2,500       -       -       250,000       2,500  
Balance December 31, 2018     215     $ 2       10     $ -       1,750,000     $ 17,500       250,000     $ 2,500       -     $ -       2,000,225     $ 20,002  

 

    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, 2019 and 2018:

 

    Number of
options
   

Weighted-

average
exercise price

   

Weighted-

average

contractual term

 
Outstanding at December 31, 2017     77     $ 1,036,374       8.33  
Granted     -                  
Expired     -                  
Forfeit     -                  
Outstanding at December 31, 2018     77     $ 1,037,374       7.33  
Granted     -                  
Expired     -                  
Forfeit     (9 )                
Outstanding at December 31, 2019     68     $ 1,152,616       6.33  
                         
Exercisable at December 31, 2019     68     $ 1,152,616          
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, 2019:

 

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  
$ 2,250,500       22       6.25     $ 2,250,500     $                  -       22     $ 2,250,500     $         -  
$ 1,125,500       22       6.25     $ 1,125,500       -       22     $ 1,125,500       -  
$ 225,000       12       6.33     $ 225,000       -       12     $ 225,000       -  
$ 67,500           12       6.54     $ 67,500       -       12     $ 67,500       -  
          68             $ 1,152,616     $       68     $ 1,152,616     $ -  
Schedule of Warrants Activity

The following summarizes the information related to warrant activity during the years ended December 31, 2019 and 2018:

 

   

Number of

warrants

   

Weighted

average
exercise price

 
Balance at December 31, 2017     4,352,806     $ 22.17820  
Increase in warrants during the period as a result of down round provisions     53,234,923,889          
Warrants exchanged during the period     (2,760,079 )   $ (0.17000 )
March Warrants exercised during the period     (106,006,177 )   $ (0.04189 )
Balance at December 31, 2018     53,130,510,439     $ 0.00172  
Increase in warrants during the period as a result of down round provisions     582,209,844,938          
March Warrants exercised during the period     (755,000,000 )   $ 0.00034  
Balance at December 31, 2019     634,585,355,377     $ 0.00014