Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Deficit

v3.10.0.1
Stockholders' Deficit
9 Months Ended
Sep. 30, 2018
Stockholders' Deficit/Preferred Stock [Abstract]  
STOCKHOLDERS' DEFICIT

11. STOCKHOLDERS’ DEFICIT

 

Common Stock:

 

Issuance of shares pursuant to JGB Waltham senior secured convertible debenture

  

During January 2018, the Company issued an aggregate of 154,489 shares of common stock to JGB Waltham pursuant to conversion of $30 principal amount of the outstanding February 2016 senior secured convertible debenture. The shares were issued at an average of $0.19 per share, per the terms of the debenture.

 

During February 2018, the Company issued an aggregate of 298,470 shares of common stock to JGB Waltham pursuant to conversion of $50 principal amount of the outstanding February 2016 senior secured convertible debenture. The shares were issued at an average of $0.17 per share, per the terms of the debenture.

 

During March 2018, the Company issued an aggregate of 1,619,132 shares of common stock to JGB Waltham pursuant to conversion of $190 principal amount of the outstanding February 2016 senior secured convertible debenture. The shares were issued at an average of $0.12 per share, per the terms of the debenture.

  

During May 2018, the Company issued an aggregate of 295,177 shares of common stock to JGB Waltham pursuant to conversion of $15 principal amount of the outstanding February 2016 senior secured convertible debenture. The shares were issued at an average of $0.05 per share, per the terms of the debenture.

 

During June 2018, the Company issued an aggregate of 190,731 shares of common stock to JGB Waltham pursuant to conversion of $10 principal amount of the outstanding February 2016 senior secured convertible debenture. The shares were issued at an average of $0.05 per share, per the terms of the debenture.

 

During July 2018, the Company issued an aggregate of 2,785,198 shares of common stock to JGB Waltham pursuant to conversion of $50 principal amount of the outstanding February 2016 senior secured convertible debenture. The shares were issued at an average of $0.02 per share, per the terms of the debenture.

 

During August 2018, the Company issued an aggregate of 2,368,356 shares of common stock to JGB Waltham pursuant to conversion of $25 principal amount of the outstanding February 2016 senior secured convertible debenture. The shares were issued at an average of $0.01 per share, per the terms of the debenture.

 

Issuance of shares pursuant to RDW July 14, 2017 convertible promissory note

 

During February 2018, the Company issued an aggregate of 428,572 shares of its common stock to RDW upon the conversion of $55 principal amount of a note outstanding. The shares were issued at an average of $0.13 per share, per the terms of the note payable.

 

During March 2018, the Company issued an aggregate of 1,063,829 shares of its common stock to RDW upon the conversion of $100 principal amount of a note outstanding. The shares were issued at an average of $0.09 per share, per the terms of the note payable.

 

During July 2018, the Company issued an aggregate of 421,053 shares of its common stock to RDW upon the conversion of $8 of accrued interest outstanding on the July 14, 2017 convertible promissory note. The shares were issued at an average of $0.02 per share, per the terms of the agreement.

 

Issuance of shares pursuant to RDW September 27, 2017 convertible promissory note

 

During April 2018, the Company issued an aggregate of 463,822 shares of its common stock to RDW upon the conversion of $25 principal amount of a note outstanding. The shares were issued at an average of $0.05 per share, per the terms of the note payable.

 

During May 2018, the Company issued an aggregate of 1,393,548 shares of its common stock to RDW upon the conversion of $70 principal amount of a note outstanding. The shares were issued at an average of $0.05 per share, per the terms of the note payable.

 

During June 2018, the Company issued an aggregate of 1,264,199 shares of its common stock to RDW upon the conversion of $60 principal amount of a note outstanding. The shares were issued at an average of $0.05 per share, per the terms of the note payable.

 

During August 2018, the Company issued an aggregate of 1,363,636 shares of its common stock to RDW upon the conversion of $6 of accrued interest outstanding on the September 27, 2017 convertible promissory note. The shares were issued at an average of $0.04 per share, per the terms of the agreement.

 

Issuance of shares pursuant to RDW October 12, 2017 convertible promissory note

 

During June 2018, the Company issued an aggregate of 2,142,536 shares of its common stock to RDW upon the conversion of $100 principal amount of a note outstanding. The shares were issued at an average of $0.05 per share, per the terms of the note payable.

 

During July 2018, the Company issued an aggregate of 1,010,101 shares of its common stock to RDW upon the conversion of $33 principal amount of a note outstanding. The shares were issued at an average of $0.03 per share, per the terms of the note payable.

 

Issuance of shares pursuant to RDW December 8, 2017 convertible promissory note

 

During January 2018, the Company issued an aggregate of 321,429 shares of its common stock to RDW upon the conversion of $45 principal amount of a note outstanding. The shares were issued at an average of $0.14 per share, per the terms of the note payable.

 

During March 2018, the Company issued an aggregate of 1,189,723 shares of its common stock to RDW upon the conversion of $105 principal amount of a note outstanding. The shares were issued at an average of $0.09 per share, per the terms of the note payable.

 

During April 2018, the Company issued an aggregate of 1,000,000 shares of its common stock to RDW upon the conversion of $50 principal amount of a note outstanding. The shares were issued at an average of $0.05 per share, per the terms of the note payable.

 

During May 2018, the Company issued an aggregate of 697,674 shares of its common stock to RDW upon the conversion of $30 principal amount of a note outstanding. The shares were issued at an average of $0.04 per share, per the terms of the note payable.

  

During June 2018, the Company issued an aggregate of 697,674 shares of its common stock to RDW upon the conversion of $30 principal amount of a note outstanding. The shares were issued at an average of $0.04 per share, per the terms of the note payable.

 

During August 2018, the Company issued an aggregate of 2,835,131 shares of its common stock to RDW upon the conversion of $30 principal amount of a note outstanding. The shares were issued at an average of $0.01 per share, per the terms of the note payable.

 

Issuance of shares pursuant to RDW July 6, 2018 convertible promissory note

 

During July 2018, the Company issued an aggregate of 4,372,568 shares of its common stock to RDW upon the conversion of $75 principal amount of a note outstanding. The shares were issued at an average of $0.02 per share, per the terms of the note payable.

 

During August 2018, the Company issued an aggregate of 10,812,648 shares of its common stock to RDW upon the conversion of $75 principal amount of a note outstanding. The shares were issued at an average of $0.01 per share, per the terms of the note payable.

 

During September 2018, the Company issued an aggregate of 11,944,444 shares of its common stock to RDW upon the conversion of $25 principal amount of a note outstanding. The shares were issued at an average of $0.002 per share, per the terms of the note payable.

 

Issuance of shares pursuant to Dominion Capital LLC November 4, 2016 promissory note

 

During February 2018, the Company issued an aggregate of 131,150 shares of its common stock to Dominion Capital LLC upon the conversion of $28 of principal and accrued interest of a note outstanding. The shares were issued at an average of $0.21 per share, per the terms of the notes payable.

 

During March 2018, the Company issued an aggregate of 367,324 shares of its common stock to Dominion Capital LLC upon the conversion of $50 of principal and accrued interest of a note outstanding. The shares were issued at an average of $0.14 per share, per the terms of the notes payable.

 

Issuance of shares pursuant to Dominion January 31, 2017 convertible promissory note

 

During March 2018, the Company issued an aggregate of 317,932 shares of its common stock to Dominion Capital LLC upon the conversion of $20 of principal and accrued interest of a note outstanding. The shares were issued at an average of $0.09 per share, per the terms of the note payable.

 

During April 2018, the Company issued an aggregate of 445,226 shares of its common stock to Dominion Capital LLC upon the conversion of $26 of principal and accrued interest of a note outstanding. The shares were issued at an average of $0.06 per share, per the terms of the note payable.

 

During May 2018, the Company issued an aggregate of 514,714 shares of its common stock to Dominion Capital LLC upon the conversion of $25 of principal and accrued interest of a note outstanding. The shares were issued at an average of $0.05 per share, per the terms of the note payable.

 

Issuance of shares pursuant to Forward Investments, LLC promissory notes

 

During May 2018, the Company issued an aggregate of 3,447,028 shares of its common stock to Forward Investments, LLC upon the conversion of $170 principal amount of a note outstanding. The shares were issued at an average of $0.05 per share, per the terms of the note payable.

 

During June 2018, the Company issued an aggregate of 6,692,370 shares of its common stock to Forward Investments, LLC upon the conversion of $280 principal amount of a note outstanding. The shares were issued at an average of $0.04 per share, per the terms of the note payable.

 

During July 2018, the Company issued an aggregate of 15,270,749 shares of its common stock to Forward Investments, LLC upon the conversion of $254 principal amount of a note outstanding. The shares were issued at an average of $0.02 per share, per the terms of the note payable.

 

During August 2018, the Company issued an aggregate of 44,525,326 shares of its common stock to Forward Investments, LLC upon the conversion of $256 principal amount of a note outstanding. The shares were issued at an average of $0.01 per share, per the terms of the note payable.

 

During September 2018, the Company issued an aggregate of 31,870,920 shares of its common stock to Forward Investments, LLC upon the conversion of $80 principal amount of a note outstanding. The shares were issued at an average of $0.003 per share, per the terms of the note payable.

 

Issuance of shares pursuant to Bellridge Capital, L.P. convertible promissory note

 

During August 2018, the Company issued an aggregate of 4,095,563 shares of its common stock to Bellridge Capital, L.P. upon the conversion of $24 principal amount of a note outstanding. The shares were issued at an average of $0.01 per share, per the terms of the note payable.

 

Issuance of shares pursuant to Form S-8 registration statement

 

During March 2018, the Company issued an aggregate of 100,000 shares of its common stock to Pryor Cashman LLP in satisfaction of fees owed totaling $16. The shares were issued at $0.16 per share.

 

During March 2018, the Company issued an aggregate of 200,000 shares of its common stock to Dealy Silberstein & Braverman, LLP in satisfaction of fees owed totaling $30. The shares were issued at $0.15 per share.

 

During March 2018, the Company issued an aggregate of 681,818 shares of its common stock to Sichenzia Ross Ference Kesner LLP in satisfaction of fees owed totaling $102. The shares were issued at $0.15 per share.

 

During June 2018, the Company issued an aggregate of 1,220,000 shares of its common stock to Pryor Cashman LLP in satisfaction of fees owed totaling $107. The shares were issued at $0.09 per share.

 

During August 2018, the Company issued an aggregate of 2,780,000 shares of its common stock to Pryor Cashman LLP in satisfaction of fees owed totaling $28. The shares were issued at $0.01 per share.

 

Issuance of shares pursuant to settlement agreement

 

During July 2018, the Company issued an aggregate of 2,790,000 shares of its common stock to RAI Capital LLC in satisfaction of accrued expenses owed totaling $41. The shares were issued at $0.01 per share, per the terms of the agreement.

 

During August 2018, the Company issued an aggregate of 11,654,000 shares of its common stock to RAI Capital LLC in satisfaction of accrued expenses owed totaling $75. The shares were issued at $0.01 per share, per the terms of the agreement.

 

During September 2018, the Company issued an aggregate of 6,300,000 shares of its common stock to RAI Capital LLC in satisfaction of accrued expenses owed totaling $23. The shares were issued at $0.004 per share, per the terms of the agreement.

 

Issuance of shares pursuant to the conversion of Series M preferred stock

 

During June 2018, the Company issued an aggregate of 4,207,794 shares of its common stock to two employees upon the conversion of 46 shares of the Company’s Series M preferred stock held by the employees. The shares were issued at an average of $0.08 per share.

 

During July 2018, the Company issued an aggregate of 7,024,556 shares of its common stock to two employees upon the conversion of 24 shares of the Company’s Series M preferred stock held by the employees. The shares were issued at an average of $0.03 per share.

 

During August 2018, the Company issued an aggregate of 2,171,081 shares of its common stock to a third party upon the conversion of 3 shares of the Company’s Series M preferred stock held by the third party. The shares were issued at an average of $0.01 per share.

 

During September 2018, the Company issued an aggregate of 7,107,321 shares of its common stock to a third party upon the conversion of 4 shares of the Company’s Series M preferred stock held by the third party. The shares were issued at an average of $0.004 per share.