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Note 14 - Subsequent Events
6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Subsequent Events [Text Block]
Note
14
 - Subsequent Events
 
On
July 17, 2020,
PNC provided the Company notice that multiple previously disclosed events, which each constitute an event of default, are continuing to occur. Additionally, PNC required that the Company obtain a commitment for
third
-party equity funding in an amount
not
less than
$3,000,000
by
no
later than
July 31, 2020.
Absent such commitment, PNC advised that it
may
cease making Discretionary Advances to the Company. On
July 22, 2020,
the Board authorized the Company to seek such funding and Mr. Yubao Li, the Company's Chairman, to ensure the Company meets PNC's equity funding commitment deadline, committed that, in the event the Company does
not
obtain funding of at least
$3,000,000
by
August 31, 2020,
he would provide the necessary funding. 
 
During
2020,
warrants were issued in conjunction with the equity financing as described herein and the rebranding of the Company. The majority of these warrants were exercised during
July 2020. 
During
July 2020,
Tradigital Marketing Group exercised
250,000
warrants in exchange for
171,000
shares of the Company's common stock.  Also during
July 2020,
Garden State Securities and its executive managing director exercised a combined
250,000
warrants in exchange for
161,000
shares of the Company's common stock.  During
August 2020,
an investor (Tobin) in the
2020
convertible preferred equity program exercised all
27,660
shares of convertible preferred stock into
276,600
shares of common stock.  An additional
11,000
shares of common stock were issued to the same investor representing the
8%
interest on the convertible preferred shares.