Liquidating Damages Payable	9 Months Ended
Sep. 30, 2018
Liquidating Damages Payable
Liquidating Damages Payable	10. Liquidating Damages Payable As of September 30, 2018, the Company recorded $2,667,798 as Liquidated Damages in its condensed consolidated balance sheets. The components of the Liquidating Damages consist of the following. Registration Rights Damages – On September 28, 2018, the Company determined that the registration statement covering the Series H Preferred Stock would not be probable of being declared effective within the requisite time frame, therefore, the Company would be liable for the maximum Liquidating Damages in connection with the Series H Preferred Stock issuance, with any related interest provisions (see Note 13). Public Information Failure Damages – On September 28, 2018, the Company determined that the public information requirements in connection with the Series H Preferred Stock (as further described below) would not be probable of being satisfied within the requisite time frame, therefore, the Company would be liable for the maximum Liquidating Damages in connection with the Series H Preferred Stock issuance, with any related interest provisions (see Note 13).

Liquidating Damages Payable

9 Months Ended

Sep. 30, 2018

10. Liquidating Damages Payable

As of September 30, 2018, the Company recorded $2,667,798 as Liquidated Damages in its condensed consolidated balance sheets. The components of the Liquidating Damages consist of the following.

Registration Rights Damages – On September 28, 2018, the Company determined that the registration statement covering the Series H Preferred Stock would not be probable of being declared effective within the requisite time frame, therefore, the Company would be liable for the maximum Liquidating Damages in connection with the Series H Preferred Stock issuance, with any related interest provisions (see Note 13).

Public Information Failure Damages – On September 28, 2018, the Company determined that the public information requirements in connection with the Series H Preferred Stock (as further described below) would not be probable of being satisfied within the requisite time frame, therefore, the Company would be liable for the maximum Liquidating Damages in connection with the Series H Preferred Stock issuance, with any related interest provisions (see Note 13).