Quarterly report pursuant to Section 13 or 15(d)

Supplemental Disclosure of Cash Flow Information (Tables)

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Supplemental Disclosure of Cash Flow Information (Tables)
3 Months Ended
Mar. 31, 2018
Supplemental Cash Flow Elements [Abstract]  
Schedule of Supplemental Cash Flow Information

The supplemental cash flow information for the three months ended March 31, 2018 and 2017 (unaudited) is as follows:

 

    Three Months Ended March 31,  
    2018     2017  
Cash paid for interest   $ 24,791     $ 881,457  
Cash paid for income taxes   $ -     $ 296,313  
                 
Non-cash investing and financing activities:                
Exchange of I-2 preferred stock for convertible debentures   $ 1,384,556     $ 2,695,760  
Exchange of convertible debentures for convertible debentures and warrants   $ -     $ 2,464,500  
Note payable and warrants settled through issuance of common stock   $ -     $ 440,000  
Debentures converted into common stock   $ 3,056,675     $ 486,032  
Conversions of preferred stock into common stock   $ -     $ 6,280,000  
Common stock issued in cashless excercise of warrants   $ 756,000     $ -