|9 Months Ended|
Sep. 30, 2019
|NOTE 10. EQUITY||
During the nine months ended September 30, 2019, senior secured convertible promissory notes and accrued interest in the amount of $12.68 million were converted into 25,251,122 shares of common stock.
During the nine months ended September 30, 2019, the Company cancelled 60,000 shares of common stock valued at $0.01 million and issued 539,710 shares of common stock for compensation in the amount of $0.45 million.
During the nine months ended September 30, 2019, the Company sold 3,869,559 shares of common stock for the net amount of $2.00 million pursuant to an equity financing facility with an accredited investor and sold 3,592,274 shares of common stock for the net amount of $2.50 million to other accredited investors.
During the nine months ended September 30, 2019, the Company acquired 2,308,408 shares of common stock and 4 shares of Series A Preferred stock as part of a litigation settlement. The shares were recorded at fair market value as of the date the agreement was executed. See “Note 17- Litigation and Claims” for additional information regarding the settlement.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef