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Organization and Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2018

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