SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2017

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 September 30, 2017, in-kind by way of the issuance of 50,659 restricted shares of Series B Preferred Stock pro rata to each of the then holders of our Series B Preferred Stock in July 2017 and the issuance of 289,417 restricted shares of Series B1 Preferred Stock pro rata to each of the then holders of our Series B1 Preferred Stock in July 2017. If converted in full, the 50,659 shares of Series B Preferred Stock would convert into 50,659 shares of common stock and the 289,417 shares of Series B1 Preferred Stock would convert into 289,417 shares of common stock.

On October 20, 2017, the Company issued 3,041 shares of common stock in connection with the conversion by a holder of 3,041 shares of our Series A Convertible Preferred Stock.