Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

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

In the three nine months ended September 30, 2019, the aggregate principal repayments of $1,850,000 and $3,381,000, respectively, and 89,332 and $112,293 of corresponding non-installment payments, respectively, were settled by the issue of 2,334,186 and 3,850,427 shares of common stock of the Company, respectively, resulting in a debt extinguishment loss in the three and nine months ended September 30, 2019, of $406,858 and $666,670, respectively, summarized as follows:

 

    Three     Nine  
    Months     Months  
    Ended     Ended  
    September 30,     September 30,  
    2019     2019  
Bi-monthly Installment Amount principal repayments   $ 968,750     $ 1,162,500  
Accelerated Installment Amount principal repayments     881,250       904,500  
Voluntary conversion price adjustments principal repayments     —        1,314,000  
Sub-Total: principal repayments     1,850,000       3,381,000  
Non-installment payments     89,332       112,293  
Total Installment repayments and Non-Installment payments   $ 1,939,332     $ 3,493,293  
Fair Value - Common Stock Issued   $ 2,346,190     $ 4,159,963  
Debt Extinguishment Loss   $ 406,858     $ 666,670