PREFERRED STOCK AND DETACHABLE WARRANTS (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Summary of Temporary Equity

The following table represents the activity related to the Series B Preferred Stock, classified as Temporary Equity on the accompanying unaudited consolidated balance sheet, during the three months ended March 31, 2020 and 2019:

	2020		2019
Balance at beginning of period	$	11,006,406	$	8,900,208
Plus: discount accretion	413,889		322,671
Plus: dividends in kind	177,921		167,642
Balance at end of period	$	11,598,216	$	9,390,521

The following table represents the activity related to the Series B1 Preferred Stock, classified as Temporary Equity on the accompanying Consolidated Balance Sheet, for the three months ended March 31, 2020, and 2019:

	2020			2019
Balance at beginning of period	$	12,743,047		$	13,279,755
Less: conversions of shares to common	(3,368,474		)	(150,010		)
Plus: discount accretion	518,114			238,004
Plus: dividends in kind	211,269			235,360
Balance at end of period	$	10,103,956		$	13,603,109

Schedule of Liabilities with Unobservable Inputs

The following is an analysis of changes in the derivative liability for the three months ended March 31:

Level Three Roll-Forward
	2020			2019
Balance at beginning of period	$	1,969,216		$	1,481,692
Change in valuation of warrants	(1,698,747		)	1,705,094
Balance at end of period	$	270,469		$	3,186,786