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Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Components of Preferred Stock

The following table represents the components of the Series H Preferred Stock, stated value of $1,000 per share, for the year ended December 31, 2018:

	Shares			Series H Preferred Stock Components
Issuance of Series H Preferred Stock on August 10, 2018		19,400		$	19,400,000
Less shares issued to B. Riley FBR as placement fee		(670	)		(670,000	)
Less shares issued for conversion of principal of 10% Convertible Debentures		(4,775	)		(4,775,000	)
Less shares issued to 10% Convertible Debenture holders for additional payment of 20% annual internal rate of return		(955	)		(955,000	)
Net issuance of Series H Preferred Stock		13,000			13,000,000
Payments made to B. Riley FBR from proceeds:
Less placement fee					(500,000	)
Less legal fees and other costs					(25,296	)
Total payments made from proceeds					(525,296	)
Net cash proceeds from issuance of Series H Preferred Stock				$	12,474,704
Issuance of Series H Preferred Stock				$	19,400,000
Less issuance costs:
Shares issued to B. Riley FBR as placement fee					(670,000	)
Total payments made from proceeds					(525,296	)
Legal and other costs paid in cash					(159,208	)
Total issuance costs					(1,354,504	)
Net issuance of Series H Preferred Stock				$	18,045,496
Beneficial conversion feature on Series H Preferred Stock				$	18,045,496

Series I Preferred Stock [Member]

Schedule of Components of Preferred Stock

The following table represents the components of the Series I Preferred Stock, stated value of $1,000 per share, for the year ended December 31, 2019:

	Shares		Series I Preferred Stock Components
Issuance of Series I Preferred Stock on June 28, 2019		23,100	$	23,100,000
Less issuance costs:
Cash paid to B. Riley FBR as placement fee				(1,386,000	)
Legal fees and other costs				(73,858	)
Total issuance costs				(1,459,858	)
Less Liquidated Damages recognized upon issuance				(1,940,400	)
Total issuance costs and Liquidated Damages				(3,400,258	)
Net issuance of Series I Preferred Stock			$	19,699,742

Series J Preferred Stock [Member]

Schedule of Components of Preferred Stock

The following table represents the components of the Series J Preferred Stock, stated value of $1,000 per share, for the year ended December 31, 2019:

	Shares			Series J Preferred Stock Components
Issuance of Series J Preferred Stock on October 7, 2019		20,000		$	20,000,000
Less shares issued for payment of 12% Amended Senior Secured Notes		(5,000	)		(5,000,000	)
Net issuance of Series J Preferred Stock		15,000		$	15,000,000
Issuance of Series J Preferred Stock				$	20,000,000
Less issuance costs:
Cash paid to B. Riley FBR as placement fee					(525,240	)
Legal fees and other costs					(54,764	)
Total issuance costs					(580,004	)
Less Liquidated Damages recognized upon issuance					(1,680,00	)
Total issuance costs and Liquidated Damages					(2,260,004	)
Net issuance of Series J Preferred Stock				$	17,739,996