Quarterly report pursuant to Section 13 or 15(d)

Notes Receivable (Tables)

v3.10.0.1
Notes Receivable (Tables)
9 Months Ended
Sep. 30, 2018
Notes Receivable [Abstract]  
Schedule of notes receivable
    September 30,     December 31,  
    2018     2017  
Loans to employees, net of reserves of $924, due December 2018   $ -     $ 4  
Fair value of convertible loan receivable from Spectrum Global Solutions, Inc., matured April 2018   $ 3,998     $ 3,613  
Fair value of convertible loan receivable from Spectrum Global Solutions, Inc., due March 2019   $ 2,240     $ -  
Fair value of convertible loan receivable from Spectrum Global Solutions, Inc., due August 2019     905       -  
Loans receivable   $ 7,143     $ 3,617  
Schedule of fair value derivative asset factors, assumptions and methodologies
    September 30,
2018
    December 31,
2017
 
Principal amount and guaranteed interest   $ 1,860     $ 2,005  
                 
Conversion price per share      *        *  
Conversion trigger price per share      None        None  
Risk free rate     2.19 %     1.39 %
Life of conversion feature (in years)     0.00       0.32  
Volatility     272 %     272 %

 

 

* The conversion price per share is equal to 75% of the lowest VWAP during the fifteen trading days immediately prior to the conversion date.

   

    September 30,
2018
 
Principal amount and guaranteed interest   $ 1,997  
         
Conversion price per share      *  
Conversion trigger price per share      None  
Risk free rate     2.36 %
Life of conversion feature (in years)     0.49  
Volatility     313 %

 

 

* The conversion price per share is equal to 75% of the lowest VWAP during the fifteen trading days immediately prior to the conversion date, with a floor of $0.005 per share.

  

    September 30,
2018
 
Principal amount and guaranteed interest   $ 799  
         
Conversion price per share      *  
Conversion trigger price per share      None  
Risk free rate     2.33 %
Life of conversion feature (in years)     0.88  
Volatility     174 %

 

 

* The conversion price per share is equal to 80% of the lowest VWAP during the five trading days immediately prior to the conversion date.