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v3.19.2

Organization and Basis of Presentation (Tables) | 6 Months Ended
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Jun. 30, 2018
Accounting Policies [Abstract] |
Schedule of Corrections of Accounting | These adjustments primarily reflect certain reclassifications and corrections to the accounting treatment for the issuance of certain fully-vested warrants and the issuance of certain derivatives and debt discounts associated with debt financing transactions entered into during the three months and six months ended June 30, 2018.
|  | June 30, 2018 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
CONDENSED CONSOLIDATED BALANCE SHEET: |  |  |  |  |  |  |  |  |  |  |  |
ASSETS: |  |  |  |  |  |  |  |  |  |  |  |
Total current assets |  | $ | 628,778 |  |  | $ | - |  |  | $ | 628,778 |
Total assets |  | $ | 10,845,572 |  |  | $ | 14,384 |  |  | $ | 10,859,956 |
LIABILITIES AND STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Derivative liabilities |  | $ | 1,856,394 |  |  | $ | 620,946 |  |  | $ | 2,477,340 |
Notes payable |  |  | 2,895,103 |  |  |  | 2,505,965 |  |  |  | 5,401,068 |
Liquidated damages payable under registration rights agreements |  |  |  |  |  |  | 15,001 |  |  |  | 15,001 |
Other current liabilities |  |  | 1,460,227 |  |  |  | (444,871 | ) |  |  | 1,015,356 |
Total liabilities |  |  | 6,211,724 |  |  |  | 2,697,041 |  |  |  | 8,908,765 |
Redeemable Series G convertible preferred stock |  |  | 168,496 |  |  |  | - |  |  |  | 168,496 |
Total stockholders’ equity |  |  | 4,465,352 |  |  |  | (2,682,657 | ) |  |  | 1,782,695 |
Total liabilities and stockholders’ equity |  | $ | 10,845,572 |  |  | $ | 14,384 |  |  | $ | 10,859,956 |
|  | Three Months Ended June 30, 2018 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS: |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 216,356 |  |  | $ | - |  |  | $ | 216,356 |
Gross loss |  |  | (867,966 | ) |  |  | (18,491 | ) |  |  | (886,457 | )
Total operating expenses |  |  | 2,729,691 |  |  |  | 260,246 |  |  |  | 2,989,937 |
Loss from operations |  |  | (3,597,657 | ) |  |  | (278,737 | ) |  |  | (3,876,394 | )
Change in derivatives valuation |  |  | 315,194 |  |  |  | (186,650 | ) |  |  | 128,544 |
Interest expense |  |  | (179,155 | ) |  |  | 55,612 |  |  |  | (123,543 | )
Interest income |  |  | - |  |  |  | 14,384 |  |  |  | 14,384 |
True-up termination fee |  |  | - |  |  |  | (1,344,648 | ) |  |  | (1,344,648 | )
Liquidated damages under registration rights agreements |  |  | - |  |  |  | (15,001 | ) |  |  | (15,001 | )
Net loss |  |  | (3,461,618 | ) |  |  | (1,755,040 | ) |  |  | (5,216,658 | )
Basic and diluted net loss per common share |  | $ | (0.14 | ) |  | $ | (0.07 | ) |  | $ | (0.21 | )
|  | Six Months Ended June 30, 2018 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS: |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 303,041 |  |  | $ | - |  |  | $ | 303,041 |
Gross loss |  |  | (1,816,989 | ) |  |  | (18,491 | ) |  |  | (1,835,480 | )
Total operating expenses |  |  | 5,352,597 |  |  |  | 260,246 |  |  |  | 5,612,843 |
Loss from operations |  |  | (7,169,586 | ) |  |  | (278,737 | ) |  |  | (7,448,323 | )
Change in derivatives valuation |  |  | 315,194 |  |  |  | (186,650 | ) |  |  | 128,544 |
Interest expense |  |  | (179,155 | ) |  |  | 55,612 |  |  |  | (123,543 | )
Interest income |  |  | - |  |  |  | 14,384 |  |  |  | 14,384 |
True-up termination fee |  |  | - |  |  |  | (1,344,648 | ) |  |  | (1,344,648 | )
Liquidated damages under registration rights agreements |  |  | - |  |  |  | (15,001 | ) |  |  | (15,001 | )
Net loss |  |  | (7,033,547 | ) |  |  | (1,755,040 | ) |  |  | (8,788,587 | )
Basic and diluted net loss per common share |  | $ | (0.29 | ) |  | $ | (0.08 | ) |  | $ | (0.36 | )
|  | Six Months Ended June 30, 2018 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY: |  |  |  |  |  |  |  |  |  |  |  |
Common stock, shares outstanding |  |  | 30,975,206 |  |  |  | 143,810 |  |  |  | 31,119,016 |
Common stock, par value |  | $ | 309,751 |  |  | $ | 1,438 |  |  | $ | 311,189 |
Additional paid-in capital |  |  | 19,661,219 |  |  |  | (929,055 | ) |  |  | 18,732,164 |
Accumulated deficit |  |  | (15,505,618 | ) |  |  | (1,755,040 | ) |  |  | (17,260,658 | )
Total stockholders’ equity |  | $ | 4,465,352 |  |  | $ | (2,682,657 | ) |  | $ | 1,782,695 |
|  | Six Months Ended June 30, 2018 |
|  | As Reported |  |  | Adjustments |  |  | As Restated |
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS: |  |  |  |  |  |  |  |  |  |  |  |
Net cash used in operating activities |  | $ | (4,104,967 | ) |  | $ | - |  |  | $ | (4,104,967 | )
Net cash used in investing activities |  |  | (7,157,631 | ) |  |  | - |  |  |  | (7,157,631 | )
Net cash provided by financing activities |  |  | 7,759,536 |  |  |  | - |  |  |  | 7.759,536 |
Net decrease in cash and restricted cash |  |  | (3,503,062 | ) |  |  | - |  |  |  | (3,503,062 | )
Balance at beginning of period |  |  | 3,619,249 |  |  |  | - |  |  |  | 3,619,249 |
Balance at end of period |  | $ | 116,187 |  |  | $ | - |  |  | $ | 116,187 |

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- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -URI http://asc.fasb.org/topic&trid=2122394 + Details
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