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Liquidated Damages
12 Months Ended
Dec. 31, 2019
Liquidated Damages  
Liquidated Damages

23. Liquidated Damages

 

The following tables summarize the Liquidated Damages recognized during the years ended December 31, 2019 and 2018, with respect to the registration rights agreements and securities purchase agreements:

 

    Year Ended December 31, 2019  
    Series H Preferred Stock     12% Convertible Debentures     Series I Preferred Stock     Series J Preferred Stock     Total Liquidated Damages  
Registration Rights Damages   $ -     $ -     $ 138,600     $ -     $ 138,600  
Public Information Failure Damages     -       102,246       69,300       -       171,546  
Accrued interest     -       16,162       262,193       140,015       418,370  
Balance   $ -     $ 118,408     $ 470,093     $ 140,015     $ 728,516  

 

    Year Ended December 31, 2018  
    MDB Common
Stock to Be
Issued
   

Series H Preferred

Stock

    12% Convertible Debentures     Total Liquidated Damages  
Registration Rights Damages   $ 15,001     $ 1,163,955     $ -     $ 1,178,956  
Public Information Failure Damages     -       1,163,955       706,944       1,870,899  
Accrued interest     -       481,017       116,726       597,743  
Totals   $ 15,001     $ 2,808,927     $ 823,670     $ 3,647,598