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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2020
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

17.    SUBSEQUENT EVENTS

 

In October 2020, the Company purchased a total of 30,000 shares of Series IV Preferred Stock and 25,000 shares of Series V Preferred Stock from six shareholders in exchange for a total of $400,000 (of which $303,330 is to be paid over a three-year period beginning February 2021) and 110,000 shares of Common Stock.  Such preferred shareholders agreed to waive all unpaid dividends in arrears associated with its Preferred Stock, which resulted in a waiver of a total of $757,759 in unpaid dividends in arrears.