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Liquidated Damages Payable | 12 Months Ended
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Dec. 31, 2022
Liquidated Damages Payable |
Liquidated Damages Payable | 16. Liquidated Damages Payable Liquidated Damages payable are summarized as follows (capitalized terms are described herein): Summary of Liquidated Damages
|  | As of December 31, 2022 |
|  | Registration Rights Damages |  |  | Public Information Failure Damages |  |  | Accrued Interest |  |  | Balance |
MDB common stock to be issued (1) |  | $ | 15 |  |  | $ | - |  |  | $ | - |  |  | $ | 15 |
Series H Preferred Stock |  |  | 618 |  |  |  | 626 |  |  |  | 570 |  |  |  | 1,814 |
Convertible debentures |  |  | - |  |  |  | 704 |  |  |  | 280 |  |  |  | 984 |
Series J Preferred Stock |  |  | 932 |  |  |  | 932 |  |  |  | 525 |  |  |  | 2,389 |
Series K Preferred Stock |  |  | 437 |  |  |  | 478 |  |  |  | 220 |  |  |  | 1,135 |
Total |  | $ | 2,002 |  |  | $ | 2,740 |  |  | $ | 1,595 |  |  | $ | 6,337 |
(1) | Shares of common stock issuable to MDB Capital Group, LLC (“MDB”).
As of December 31, 2022, the short-term and long-term liquidated damages payable were $5,843 and $494, respectively, totaling $6,337. The long-term portion was converted into shares of the Company’s common stock (see Note 29 under the heading of Liquidated Damages). The Company will continue to accrue interest on the Liquidated Damages balance at 1% per month based on the balance outstanding until paid. There is no scheduled date when the unpaid Liquidated Damages become due. The Series K Preferred Stock (as defined below) remains subject to Registration Rights Damages and Public Information Failure Damages, which will accrue in certain circumstances, limited to 6% of the aggregate amount invested (see Note 16).
|  | As of December 31, 2021 |
|  | Registration Rights Damages |  |  | Public Information Failure Damages |  |  | Accrued Interest |  |  | Balance |
MDB common stock to be issued (1) |  | $ | 15 |  |  | $ | - |  |  | $ | - |  |  | $ | 15 |
Series H Preferred Stock |  |  | 1,164 |  |  |  | 1,172 |  |  |  | 792 |  |  |  | 3,128 |
Convertible debentures |  |  | - |  |  |  | 873 |  |  |  | 242 |  |  |  | 1,115 |
Series I Preferred Stock |  |  | 1,386 |  |  |  | 1,386 |  |  |  | 613 |  |  |  | 3,385 |
Series J Preferred Stock |  |  | 1,560 |  |  |  | 1,560 |  |  |  | 490 |  |  |  | 3,610 |
Series K Preferred Stock |  |  | 180 |  |  |  | 722 |  |  |  | 50 |  |  |  | 952 |
Total |  | $ | 4,305 |  |  | $ | 5,713 |  |  | $ | 2,187 |  |  | $ | 12,205 |
(1) | Shares of common stock issuable to MDB.
As of December 31, 2021, the short-term and long-term liquidated damages payable were $5,197 and $7,008, respectively, totaling $12,205. The long-term portion was converted into shares of the Company’s common stock on January 24, 2022 (see Note 22, under the heading Common Stock for Liquidated Damages). Information with respect to the Liquidated Damages recognized on the consolidated statements of operations is provided in Note 24.

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