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Convertible Debt (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Convertible Debt and Related Debt Components

Convertible Debt and Debt Components

		8% Promissory Notes				10% Convertible Debentures				10% OID Convertible Debentures				12% Convertible Debentures				Total Convertible Debt and Debt Components
Principal amount of debt		$	1,126,112			$	4,775,000			$	3,500,000			$	9,540,000			$	18,941,112
Less original issue discount			(111,112	)			-				(175,000	)			-				(286,112	)
Less issuance costs			(15,000	)			-				(40,000	)			(590,000	)			(645,000	)
Net cash proceeds received		$	1,000,000			$	4,775,000			$	3,285,000			$	8,950,000			$	18,010,000
Principal amount of debt (excluding original issue discount)		$	1,015,000			$	4,775,000			$	3,325,000			$	9,540,000			$	18,655,000
Add conversion of debt from 10% OID Convertible Debentures			-				-				-				3,551,528				3,551,528
Add accrued interest			20,986				69,920				28,009				82,913				201,828
Principal amount of debt including accrued interest			1,035,986				4,844,920				3,353,009				13,174,441				22,408,356
Debt discount:
Allocated warrant derivative liabilities for B. Riley Warrants			-				-				(382,725	)			-				(382,725	)
Allocated warrant derivative liabilities for L2 Warrants			(600,986	)			-				-				-				(600,986	)
Allocated embedded derivative liabilities			(159,601	)			(471,002	)			(49,000	)			(4,760,000	)			(5,439,603	)
Liquidated Damages recognized upon issuance			-				-				-				(706,944	)			(706,944	)
Issuance costs			(15,000	)			-				(40,000	)			(590,000	)			(645,000	)
Subtotal debt discount			(775,587	)			(471,002	)			(471,725	)			(6,056,944	)			(7,775,258	)
Less amortization of debt discount			315,309				64,452				68,637				153,442				601,840
Less write off unamortized debt discount upon extinguishment of debt			460,278				406,550				403,088				-				1,269,916
Unamortized debt discount			-				-				-				(5,903,502	)			(5,903,502	)
Debt components:
Accretion of original issue discount			44,133				-				25,463				-				69,596
Loss on extinguishment of debt			292,201				885,080				173,056				-				1,350,337
Conversion of debt to 12% Convertible Debentures			-				-				(3,551,528	)			-				(3,551,528	)
Conversion of debt to Series H Preferred Stock			-				(5,730,000	)			-				-				(5,730,000	)
Repayment of convertible debt			(1,372,320	)			-				-				-				(1,372,320	)
Total debt components			(1,035,986	)			(4,844,920	)			(3,353,009	)			-				(9,233,915	)
Carrying value at December 31, 2018		$	-			$	-			$	-			$	7,270,939			$	7,270,939

12% Convertible Debenture [Member]

Schedule of 12% Convertible Debentures

The following table represents the various financings of the 12% Convertible Debentures recognized during the year ended December 31, 2019 and carrying value as of December 31, 2019:

		Issuance Date																Total 12%
		December 12, 2018				March 18, 2019				March 27, 2019				April 8, 2019				Convertible Debentures
Principal amount of debt		$	9,540,000			$	1,696,000			$	318,000			$	100,000			$	11,654,000
Less issuance costs			(590,000	)			(96,000	)			(18,000	)			-				(704,000	)
Net cash proceeds received		$	8,950,000			$	1,600,000			$	300,000			$	100,000			$	10,950,000
Principal amount of debt (excluding original issue discount)		$	9,540,000			$	1,696,000			$	318,000			$	100,000			$	11,654,000
Add conversion of debt from 10% OID Convertible Debentures			3,551,528				-				-				-				3,551,528
Add: accrued interest			1,711,273				164,083				29,754				8,933				1,914,043
Principal amount of debt including accrued interest			14,802,801				1,860,083				347,754				108,933				17,119,571
Debt discount:
Allocated embedded derivative liabilities			(4,760,000	)			(822,000	)			(188,000	)			(64,000	)			(5,834,000	)
Liquidated Damages recognized upon issuance			(706,944	)			(67,200	)			(12,600	)			(4,200	)			(790,944	)
Issuance costs			(590,000	)			(106,000	)			(18,000	)			-				(714,000	)
Subtotal debt discount			(6,056,944	)			(995,200	)			(218,600	)			(68,200	)			(7,338,944	)
Less amortization of debt discount			2,927,248				414,465				89,422				27,200				3,458,335
Unamortized debt discount			(3,129,696	)			(580,735	)			(129,178	)			(41,000	)			(3,880,609	)
Carrying value at December 31, 2019			11,673,105				1,279,348				218,576				67,933				13,238,962
Less current portion			(534,993	)			-				(206,204	)			-				(741,197	)
Carry value at December 31, 2019, net of current portion		$	11,138,112			$	1,279,348			$	12,372			$	67,933			$	12,497,765

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Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components.

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