Common Stock

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.

Treasury Stock

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.