Quarterly report pursuant to Section 13 or 15(d)

Debt, Commitments and Contingencies (Tables)

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Debt, Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Debt

Debt consists of the following:

 

    Maturity   Interest              
    Date   Rate     March 31, 2018     December 31, 2017  
Convertible Note   5/10/2018     5 %   $ 1,959,105     $ 4,053,948  
Less: debt discount   and 5/31/2018             (345,256 )     (2,290,028 )
Total Convertible notes, net of discount               $ 1,613,849     $ 1,763,920  
                             
Total               $ 1,613,849     $ 1,763,920  
Less: current portion                 (1,613,849 )     (1,763,920 )
Total, net of current portion               $ -     $ -  

Schedule of Future Minimum Lease Payments

Minimum future lease payments under this lease at March 31, 2018, for the next five years are as follows:

 

2018 (Nine Months)   $ 55,905  
2019     77,872  
2020     81,336  
2021     27,504  
Total   $ 242,617  

Schedule of Pending Lawsuits Against Defendants

As of March 31, 2018, the Company is involved into a total of 5 lawsuits against defendants in the following jurisdictions:

 

United States      
District of Delaware     5