SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

Issuance of Series B and B1 Preferred Stock Shares In-Kind

We paid the accrued dividends on our Series B Preferred Stock and Series B1 Preferred Stock, which were accrued as of June 30, 2018, in-kind by way of the issuance of 52,490 restricted shares of Series B Preferred Stock pro rata to each of the then holders of our Series B Preferred Stock in July 2018 and the issuance of 294,894 restricted shares of Series B1 Preferred Stock pro rata to each of the then holders of our Series B1 Preferred Stock in July 2018. If converted in full, the 52,490 shares of Series B Preferred Stock would convert into 52,490 shares of common stock and the 294,894 shares of Series B1 Preferred Stock would convert into 294,894 shares of common stock.

Conversion of Series C Convertible Preferred Stock

On July 27, 2018, a holder of shares of Series C Convertible Preferred Stock converted 16,675 shares of our Series C Convertible Preferred Stock into 1,667,500 shares of our common stock, pursuant to the terms of such Series C Convertible Preferred Stock.