Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

These reclassifications had no effect on previously reported results of operations or loss per share or total liabilities.

	As Reported		As Restated
Current Liabilities	$	14,655,792	$	10,488,019
Long Term Liabilities	$	9,938,702	$	14,106,475
Total Liabilities	$	24,594,494	$	24,594,494

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities are excluded from the calculation of weighted average dilutive common shares because they are not currently convertible, or because their inclusion would have been anti-dilutive:

	For the Three Months Ended
	March 31,
	2017		2016
Convertible preferred stock, Series A		667,169		667,169
Convertible preferred stock, Series A-1		393,645		393,645
Convertible preferred stock, Series D [1]		-		39,883,500
Convertible preferred stock, Series F [1]		-		19,415,460
Warrants		20,498,126		-

Total potentially dilutive shares		21,558,940		60,359,774

^[1]

The Series D and Series F preferred shares are convertible at a rate of 400 pre-split shares of common stock for each share of preferred stock but not until the Company has effected a sufficient increase in the authorized common shares. The Series D and Series F preferred shares were mandatorily converted to common shares at a ratio of 1 to 20 when the reverse split of common shares was effectuated on May 26, 2016.