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SUBSEQUENT EVENTS - Note 16
12 Months Ended
Dec. 31, 2018
Subsequent Events - Note 16  
SUBSEQUENT EVENTS - Note 16

16. SUBSEQUENT EVENTS

 

In January 2019, we sold 2.0 million shares of our common stock at a price of $0.60 per share to Shehnee Lawrence-Farhi in a registered direct offering for gross proceeds of $1.2 million.

In March 2019, we filed a Notice of Arbitration in Hong Kong against Ragentek alleging breach of contract.  The relief sought is $4.0 million dollars plus interest and arbitration costs.  At this time we cannot predict the likelihood of a favorable outcome.