Annual report pursuant to Section 13 and 15(d)

Debt, Commitments and Contingencies (Tables)

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Debt, Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Debt

Debt consists of the following:

 

    Maturity   Interest     December 31,     December 31,  
    Date   Rate     2017     2016  
                       
Senior secured term notes     7/9/2020     LIBOR + 9.75%     $ -     $ 15,620,759  
Less: debt discount                 $ -     $ (1,425,167 )
Total senior-term notes, net of discount                   -       14,195,592  

 

    Maturity     Interest     December 31,     December 31,  
    Date     Rate     2017     2016  
Convertible Note     10/10/2018       11 %   $ -     $ 500,000  

 

    Maturity   Interest   December 31,     December 31,  
    Date   Rate   2017     2016  
iRunway trade payable   On Demand   1.5% per month   $ -     $ 191,697  

 

    Maturity   Interest   December 31,     December 31,  
    Date   Rate   2017     2016  
Note payable   1/31/2017   NA   $ -     $ 103,000  

 

    Maturity   Interest   December 31,     December 31,  
    Date   Rate   2017     2016  
Siemens   9/30/2017   NA   $ -     $ 1,672,924  

 

    Maturity   Interest   December 31,     December 31,  
    Date   Rate   2017     2016  
Dominion Harbor   10/15/2017   NA   $ -     $ 125,000  

 

    Maturity   Interest   December 31,     December 31,  
    Date   Rate   2017     2016  
Oil & Gas   On Demand   NA   $ -     $ 944,296  

 

    Maturity   Interest     December 31,     December 31,  
    Date   Rate     2017     2016  
Convertible Note   5/10/2018 and 5/31/2018     5 %   $ 4,053,948     $          -  
Less: debt discount                 (2,290,028 )     -  
Total Convertible notes, net of discount               $ 1,763,920     $ -  

 

    Maturity   Interest     December 31,       December 31,  
    Date   Rate     2017       2016  
Medtech Note   5/1/2018   NA   $ -     $ -  

 

    Maturity   Interest   December 31,     December 31,  
    Date   Rate   2017     2016  
3dnano License Fee   1/31/2017   NA   $ -     $ 100,000  

 

    December 31,     December 31,  
    2017     2016  
Total   $ 1,763,920     $ 17,832,509  
Less: current portion     (1,763,920 )     (13,162,007 )
Total, net of current portion   $ -     $ 4,670,502  

Schedule of Pending Lawsuits Against Defendants

As of December 31, 2017, the Company is involved into a total of 4 lawsuits, involving its CRFD and Clouding patent portfolios, against defendants in the following jurisdictions:

 

United States      
District of Delaware     4