SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 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 accrued as of December 31, 2017, in-kind by way of the issuance of 51,419 restricted shares of Series B Preferred Stock pro rata to each of the then holders of our Series B Preferred Stock in January 2018 and the issuance of 295,927 restricted shares of Series B1 Preferred Stock pro rata to each of the then holders of our Series B1 Preferred Stock in January 2018. If converted in full, the 51,419 shares of Series B Preferred Stock would convert into 51,419 shares of common stock and the 295,927 shares of Series B1 Preferred Stock would convert into 295,927 shares of common stock.

Conversion of Series B1 Preferred Stock

In January 2018, a holder of our Series B1 Convertible Preferred Stock converted 500,000 shares of our Series B1 Convertible Preferred Stock into 500,000 shares of our common stock.