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U.S. STEM CELL, INC.
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2018
Q2
2018-06-30
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>NOTE 1 — SIGNIFICANT ACCOUNTING POLICIES</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">A summary of the significant accounting policies applied in the presentation of the accompanying unaudited condensed financial statements follows:</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">General</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The accompanying unaudited condensed financial statements of U.S. Stem Cell, Inc. (the “Company”) have been prepared in accordance with the rules and regulations (Regulation S-X) of the Securities and Exchange Commission (the “SEC”) and with the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The results from operations for the three and six month periods ended June 30, 2018 are not necessarily indicative of the results that may be expected for the year ended December 31, 2018. The unaudited condensed financial statements should be read in conjunction with the December 31, 2017 audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Basis and business presentation</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">U.S. Stem Cell, Inc. was incorporated under the laws of the State of Florida in August, 1999. The Company is in the cardiovascular sector of the cell technology industry delivering cell therapies and biologics that help address congestive heart failure, lower limb ischemia, chronic heart ischemia, acute myocardial infarctions and other issues. The primary business includes the development of proprietary cell therapy products as well as revenue generating physician and patient based regenerative medicine/cell therapy training services, revenues realized from an Asset Sale and Lease Agreement related to the segment of the Company business involving collecting, growing and banking cell cultures and treatment kits for humans and animals, and the operation of a cell therapy clinic. To date, the Company has not generated significant sales revenues in that they remain less than their total operating expenses, has incurred expenses, and has sustained losses. Consequently, its operations are subject to all the risks inherent in the establishment of a research and development business enterprise.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Revenue Recognition</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Effective January 1, 2018, the Company recognizes revenue in accordance with Accounting Standards Codification 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific revenue recognition guidance throughout the Industry Topics of the Accounting Standards Codification. The updated guidance states that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also provides for additional disclosures with respect to revenues and cash flows arising from contracts with customers. The standard will be effective for the first interim period within annual reporting periods beginning after December 15, 2017, and the Company adopted the standard using the modified retrospective approach effective January 1, 2018.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At the time of each transaction, management assesses whether the fee associated with the transaction is fixed or determinable and whether or not collection is reasonably assured. The assessment of whether the fee is fixed or determinable is based upon the payment terms of the transaction. Collectability is assessed based on a number of factors, including past transaction history with the client and the creditworthiness of the client.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company’s primary sources of revenue are from the sale of test kits and equipment, training services, patient treatments, laboratory services and cell banking. </p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Revenues for kits and equipment sold are not recorded until kits and equipment are received by the customer. Revenues from in-person trainings are recognized when the training occurs and revenues from on demand online trainings are recognized when the customer purchases the rights to the training course. Any cash received as a deposit for trainings are recorded by the Company as a liability.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Patient treatments and laboratory services revenue are recognized when those services have been completed or satisfied.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Revenues for cell banking sales are accounted for as multiple performance obligations as described in ASC 606 and addresses accounting for arrangements that may involve the delivery or performance of multiple products, services and/or rights to use assets. Because the Company sells its services separately, on more than a limited basis and at a price within a narrow range, the Company was able to allocate revenue based on stand-alone pricing. The multiple performance obligations include stem cell banking, dose retrieval and yearly storage fees. Revenues for stem cell banking and dose retrieval is recognized at the point of service and revenues for the yearly storage fees is recognized over the term of the banking contract, which is typically one year with annual renewals.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At June 30, 2018 and December 31, 2017, the Company had deferred revenues of $477,943 and $279,542, respectively, which includes $70,000 and $71,500, respectively, to the Intellectual Property Licensing Agreement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Use of Estimates</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the fair value of the Company’s stock, stock-based compensation, debt discounts and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Accounts Receivable</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Trade receivables are carried at their estimated collectible amounts. Trade credit is generally extended on a short-term basis; thus trade receivables do not bear interest. Trade accounts receivable are periodically evaluated for collectability based on past credit history with customers and their current financial condition.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Allowance for Doubtful Accounts</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Any charges to the allowance for doubtful accounts on accounts receivable are charged to operations in amounts sufficient to maintain the allowance for uncollectible accounts at a level management believes is adequate to cover any probable losses. Management determines the adequacy of the allowance based on historical write-off percentages and the current status of accounts receivable. Accounts receivable are charged off against the allowance when collectability is determined to be permanently impaired. As of June 30, 2018 and June 30, 2017, allowance for doubtful accounts was $7,544 and $12,298, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Inventories</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Inventories are stated at the lower of cost or market with cost being determined on a first-in, first-out (FIFO) basis. The Company writes down its inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. During the periods presented, there were no inventory write-downs.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Investments</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company follows Accounting Standards Codification subtopic 323-10, Investments-Equity Methods and Joint Ventures (“ASC 323-10) which requires the accounting for investments where the Company can exert significant influence, but not control of a joint venture or equity investment. The Company accounted for its 33 percent member interest ownerships of U.S. Stem Cell Clinic, LLC and Regenerative Wellness Clinic, LLC respectively and its 49 percent member interest ownership of U.S. Stem Cell Clinic of the Villages utilizing the equity method of accounting (See Note 3).</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><font style="text-decoration:underline">Property and Equipment</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Property and equipment are stated at cost. When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition, is reflected in earnings. For financial statement purposes, property and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful lives of 3 to 15 years. Equipment under capital leases are recorded at the estimated present value of the minimum lease payments. Equipment under capital leases are amortized over the term of the lease, which is three years.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Stock Based Compensation</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors, the fair value of the award is measured on the grant date and for non-employees, the fair value of the award is generally re-measured on vesting dates and interim financial reporting dates until the service period is complete. The fair value amount is then recognized over the period during which services are required to be provided in exchange for the award, usually the vesting period. Stock-based compensation expense is recorded by the Company in the same expense classifications in the statements of operations, as if such amounts were paid in cash.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Net Loss per Common Share, basic and diluted</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company computes earnings (loss) per share under Accounting Standards Codification subtopic 260-10, Earnings Per Share (“ASC 260-10”). Net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the year.  Diluted earnings per share, if presented, would include the dilution that would occur upon the exercise or conversion of all potentially dilutive securities into common stock using the “treasury stock” and/or “if converted” methods as applicable.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The computation of basic and diluted income (loss) per share as of June 30, 2018 and 2017 excludes potentially dilutive securities when their inclusion would be anti-dilutive, or if their exercise prices were greater than the average market price of the common stock during the period.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Potentially dilutive securities excluded from the computation of basic and diluted net loss per share are as follows:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
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<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
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</td>
<td id="new_id-1639" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1640" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1641" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">118,019</td>
<td id="new_id-1642" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1643" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1644" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1645" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">136,731</td>
<td id="new_id-1646" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Totals</p>
</td>
<td id="new_id-1647" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1648" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1649" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">101,748,712</td>
<td id="new_id-1650" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1651" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1652" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1653" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">39,892,501</td>
<td id="new_id-1654" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Concentrations of Credit Risk</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company’s financial instruments that are exposed to a concentration of credit risk are cash and accounts receivable. Generally, the Company’s cash and cash equivalents in interest-bearing accounts does not exceed FDIC insurance limits. The financial stability of these institutions is periodically reviewed by senior management.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">As of June 30, 2018, three customers represented 35%, 25% and 11%, respectively, representing an aggregate of 71% of the Company’s accounts receivable. As of December 31, 2017, three customers represented 27%, 15% and 13% respectively, representing an aggregate of 55% of the Company’s accounts receivable.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">For the three months ended June 30, 2018, the Company’s revenues earned from sale of products and services were $1,820,429, of which three customers represented 10%, 8% and 6%, respectively, one of which is a related party (US Stem Cell Clinic LLC, a partly owned investment in with the Company holds a 33% interest) represented 10% of Company’s revenue.  For the three months ended June 30, 2017, the Company’s revenues earned from the sale of products and services were $1,385,911, of which three customers represented 6%, 10% and 14%, respectively, one of which is a related party (US Stem Cell Clinic LLC) represented 6% of Company’s revenue.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">For the six months ended June 30, 2018, the Company’s revenues earned from sale of products and services were $3,533,358, of which two customers represented 10% and 7% respectively, of Company’s revenue, one of which is a related party (US Stem Cell Clinic LLC, a partly owned investment in with the Company holds a 33% interest) represented 10%.   For the six months ended June 30, 2017, the Company’s revenues earned from the sale of products and services were $2,540,897, of which three customers represented 5%, 11% and 11% respectively, of Company’s revenue, one of which is a related party (US Stem Cell Clinic LLC), represented 11% of the Company’s revenues.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Research and Development</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company accounts for research and development costs in accordance with Accounting Standards Codification subtopic 730-10, Research and Development (“ASC 730-10”). Under ASC 730-10, all research and development costs must be charged to expense as incurred. Accordingly, internal research and development costs are expensed as incurred. Third-party research and development costs are expensed when the contracted work has been performed or as milestone results have been achieved as defined under the applicable agreement. Company-sponsored research and development costs related to both present and future products are expensed in the period incurred. The Company incurred research and development expenses of $2,591 and $3,928 for the three and six months ended June 30, 2018, respectively; and $7,408 and $8,489 for the three and six months ended June 30, 2017, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Fair Value</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”) requires disclosure of the fair value of certain financial instruments. The carrying value of cash and cash equivalents, accounts payable and accrued liabilities, and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments. All other significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practicable the fair values of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company follows Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to choose to measure many financial instruments and certain other items at fair value.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Long Term Deposits</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Long term deposits are comprised of the following:</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 3, 2017, the Company entered into a customer purchase agreement with General American Capital Partners (GACP), whereby the Company agreed to sell, for $50,000, the first 5,000 customers of the cell banking business after the effective date of the equipment sale/leaseback agreement with rights to purchase additional customers at a price of $20 per customer.  There is no reduction in the selling price should the new customers be fewer than 5,000.  The effective date of the sale is upon the expiry or early termination of the related equipment lease transaction (See Notes 4 and 6).</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 3, 2017, the Company entered into an asset purchase agreement of intellectual property with GACP whereby the Company agreed to sell all of the Company’s worldwide rights, title or interest in certain intellectual and other property (as defined) associated with the cell banking business for $50,000. The effective date of the sale is upon the expiry or early termination of the related equipment lease transaction (See Notes 4, 6, and 7).</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Income Taxes</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company follows Accounting Standards Codification subtopic 740-10, Income Taxes (“ASC 740-10”) for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability during each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change. Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate.  Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse and are considered immaterial.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><font style="text-decoration:underline">Recent Accounting Pronouncements</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">There are various other updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company’s financial position, results of operations or cash flows.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Subsequent Events</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued.  Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements, except as disclosed.</p><br/></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Basis and business presentation</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">U.S. Stem Cell, Inc. was incorporated under the laws of the State of Florida in August, 1999. The Company is in the cardiovascular sector of the cell technology industry delivering cell therapies and biologics that help address congestive heart failure, lower limb ischemia, chronic heart ischemia, acute myocardial infarctions and other issues. The primary business includes the development of proprietary cell therapy products as well as revenue generating physician and patient based regenerative medicine/cell therapy training services, revenues realized from an Asset Sale and Lease Agreement related to the segment of the Company business involving collecting, growing and banking cell cultures and treatment kits for humans and animals, and the operation of a cell therapy clinic. To date, the Company has not generated significant sales revenues in that they remain less than their total operating expenses, has incurred expenses, and has sustained losses. Consequently, its operations are subject to all the risks inherent in the establishment of a research and development business enterprise.</p></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Revenue Recognition</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Effective January 1, 2018, the Company recognizes revenue in accordance with Accounting Standards Codification 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific revenue recognition guidance throughout the Industry Topics of the Accounting Standards Codification. The updated guidance states that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance also provides for additional disclosures with respect to revenues and cash flows arising from contracts with customers. The standard will be effective for the first interim period within annual reporting periods beginning after December 15, 2017, and the Company adopted the standard using the modified retrospective approach effective January 1, 2018.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At the time of each transaction, management assesses whether the fee associated with the transaction is fixed or determinable and whether or not collection is reasonably assured. The assessment of whether the fee is fixed or determinable is based upon the payment terms of the transaction. Collectability is assessed based on a number of factors, including past transaction history with the client and the creditworthiness of the client.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company’s primary sources of revenue are from the sale of test kits and equipment, training services, patient treatments, laboratory services and cell banking. </p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Revenues for kits and equipment sold are not recorded until kits and equipment are received by the customer. Revenues from in-person trainings are recognized when the training occurs and revenues from on demand online trainings are recognized when the customer purchases the rights to the training course. Any cash received as a deposit for trainings are recorded by the Company as a liability.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Patient treatments and laboratory services revenue are recognized when those services have been completed or satisfied.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Revenues for cell banking sales are accounted for as multiple performance obligations as described in ASC 606 and addresses accounting for arrangements that may involve the delivery or performance of multiple products, services and/or rights to use assets. Because the Company sells its services separately, on more than a limited basis and at a price within a narrow range, the Company was able to allocate revenue based on stand-alone pricing. The multiple performance obligations include stem cell banking, dose retrieval and yearly storage fees. Revenues for stem cell banking and dose retrieval is recognized at the point of service and revenues for the yearly storage fees is recognized over the term of the banking contract, which is typically one year with annual renewals.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At June 30, 2018 and December 31, 2017, the Company had deferred revenues of $477,943 and $279,542, respectively, which includes $70,000 and $71,500, respectively, to the Intellectual Property Licensing Agreement.</p></div>
477943
279542
70000
71500
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Use of Estimates</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the fair value of the Company’s stock, stock-based compensation, debt discounts and the valuation allowance related to deferred tax assets. Actual results may differ from these estimates.</p></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Accounts Receivable</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Trade receivables are carried at their estimated collectible amounts. Trade credit is generally extended on a short-term basis; thus trade receivables do not bear interest. Trade accounts receivable are periodically evaluated for collectability based on past credit history with customers and their current financial condition.</p></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Allowance for Doubtful Accounts</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Any charges to the allowance for doubtful accounts on accounts receivable are charged to operations in amounts sufficient to maintain the allowance for uncollectible accounts at a level management believes is adequate to cover any probable losses. Management determines the adequacy of the allowance based on historical write-off percentages and the current status of accounts receivable. Accounts receivable are charged off against the allowance when collectability is determined to be permanently impaired. As of June 30, 2018 and June 30, 2017, allowance for doubtful accounts was $7,544 and $12,298, respectively.</p></div>
7544
12298
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Inventories</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Inventories are stated at the lower of cost or market with cost being determined on a first-in, first-out (FIFO) basis. The Company writes down its inventory for estimated obsolescence or unmarketable inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by management, additional inventory write-downs may be required. During the periods presented, there were no inventory write-downs.</p></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Investments</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company follows Accounting Standards Codification subtopic 323-10, Investments-Equity Methods and Joint Ventures (“ASC 323-10) which requires the accounting for investments where the Company can exert significant influence, but not control of a joint venture or equity investment. The Company accounted for its 33 percent member interest ownerships of U.S. Stem Cell Clinic, LLC and Regenerative Wellness Clinic, LLC respectively and its 49 percent member interest ownership of U.S. Stem Cell Clinic of the Villages utilizing the equity method of accounting (See Note 3).</p></div>
0.33
0.33
0.49
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><font style="text-decoration:underline">Property and Equipment</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Property and equipment are stated at cost. When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition, is reflected in earnings. For financial statement purposes, property and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful lives of 3 to 15 years. Equipment under capital leases are recorded at the estimated present value of the minimum lease payments. Equipment under capital leases are amortized over the term of the lease, which is three years.</p></div>
P3Y
P15Y
P3Y
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Stock Based Compensation</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors, the fair value of the award is measured on the grant date and for non-employees, the fair value of the award is generally re-measured on vesting dates and interim financial reporting dates until the service period is complete. The fair value amount is then recognized over the period during which services are required to be provided in exchange for the award, usually the vesting period. Stock-based compensation expense is recorded by the Company in the same expense classifications in the statements of operations, as if such amounts were paid in cash.</p></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Net Loss per Common Share, basic and diluted</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company computes earnings (loss) per share under Accounting Standards Codification subtopic 260-10, Earnings Per Share (“ASC 260-10”). Net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the year.  Diluted earnings per share, if presented, would include the dilution that would occur upon the exercise or conversion of all potentially dilutive securities into common stock using the “treasury stock” and/or “if converted” methods as applicable.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The computation of basic and diluted income (loss) per share as of June 30, 2018 and 2017 excludes potentially dilutive securities when their inclusion would be anti-dilutive, or if their exercise prices were greater than the average market price of the common stock during the period.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Potentially dilutive securities excluded from the computation of basic and diluted net loss per share are as follows:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1625" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1626" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1627" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1628" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1629" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1630" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options to purchase common stock</p>
</td>
<td id="new_id-1631" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1632" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1633" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">101,630,693</td>
<td id="new_id-1634" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1635" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1636" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1637" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">39,755,770</td>
<td id="new_id-1638" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Warrants to purchase common stock</p>
</td>
<td id="new_id-1639" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1640" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1641" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">118,019</td>
<td id="new_id-1642" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1643" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1644" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1645" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">136,731</td>
<td id="new_id-1646" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Totals</p>
</td>
<td id="new_id-1647" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1648" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1649" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">101,748,712</td>
<td id="new_id-1650" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1651" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1652" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1653" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">39,892,501</td>
<td id="new_id-1654" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Concentrations of Credit Risk</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company’s financial instruments that are exposed to a concentration of credit risk are cash and accounts receivable. Generally, the Company’s cash and cash equivalents in interest-bearing accounts does not exceed FDIC insurance limits. The financial stability of these institutions is periodically reviewed by senior management.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">As of June 30, 2018, three customers represented 35%, 25% and 11%, respectively, representing an aggregate of 71% of the Company’s accounts receivable. As of December 31, 2017, three customers represented 27%, 15% and 13% respectively, representing an aggregate of 55% of the Company’s accounts receivable.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">For the three months ended June 30, 2018, the Company’s revenues earned from sale of products and services were $1,820,429, of which three customers represented 10%, 8% and 6%, respectively, one of which is a related party (US Stem Cell Clinic LLC, a partly owned investment in with the Company holds a 33% interest) represented 10% of Company’s revenue.  For the three months ended June 30, 2017, the Company’s revenues earned from the sale of products and services were $1,385,911, of which three customers represented 6%, 10% and 14%, respectively, one of which is a related party (US Stem Cell Clinic LLC) represented 6% of Company’s revenue.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">For the six months ended June 30, 2018, the Company’s revenues earned from sale of products and services were $3,533,358, of which two customers represented 10% and 7% respectively, of Company’s revenue, one of which is a related party (US Stem Cell Clinic LLC, a partly owned investment in with the Company holds a 33% interest) represented 10%.   For the six months ended June 30, 2017, the Company’s revenues earned from the sale of products and services were $2,540,897, of which three customers represented 5%, 11% and 11% respectively, of Company’s revenue, one of which is a related party (US Stem Cell Clinic LLC), represented 11% of the Company’s revenues.</p></div>
0.35
0.25
0.11
0.71
0.27
0.15
0.13
0.55
0.10
0.08
0.06
0.06
0.10
0.14
0.10
0.07
0.05
0.11
0.11
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Research and Development</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company accounts for research and development costs in accordance with Accounting Standards Codification subtopic 730-10, Research and Development (“ASC 730-10”). Under ASC 730-10, all research and development costs must be charged to expense as incurred. Accordingly, internal research and development costs are expensed as incurred. Third-party research and development costs are expensed when the contracted work has been performed or as milestone results have been achieved as defined under the applicable agreement. Company-sponsored research and development costs related to both present and future products are expensed in the period incurred. The Company incurred research and development expenses of $2,591 and $3,928 for the three and six months ended June 30, 2018, respectively; and $7,408 and $8,489 for the three and six months ended June 30, 2017, respectively.</p></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Fair Value</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”) requires disclosure of the fair value of certain financial instruments. The carrying value of cash and cash equivalents, accounts payable and accrued liabilities, and short-term borrowings, as reflected in the balance sheets, approximate fair value because of the short-term maturity of these instruments. All other significant financial assets, financial liabilities and equity instruments of the Company are either recognized or disclosed in the financial statements together with other information relevant for making a reasonable assessment of future cash flows, interest rate risk and credit risk. Where practicable the fair values of financial assets and financial liabilities have been determined and disclosed; otherwise only available information pertinent to fair value has been disclosed.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company follows Accounting Standards Codification subtopic 820-10, Fair Value Measurements and Disclosures (“ASC 820-10”) and Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”), which permits entities to choose to measure many financial instruments and certain other items at fair value.</p></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Long Term Deposits</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Long term deposits are comprised of the following:</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 3, 2017, the Company entered into a customer purchase agreement with General American Capital Partners (GACP), whereby the Company agreed to sell, for $50,000, the first 5,000 customers of the cell banking business after the effective date of the equipment sale/leaseback agreement with rights to purchase additional customers at a price of $20 per customer.  There is no reduction in the selling price should the new customers be fewer than 5,000.  The effective date of the sale is upon the expiry or early termination of the related equipment lease transaction (See Notes 4 and 6).</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 3, 2017, the Company entered into an asset purchase agreement of intellectual property with GACP whereby the Company agreed to sell all of the Company’s worldwide rights, title or interest in certain intellectual and other property (as defined) associated with the cell banking business for $50,000. The effective date of the sale is upon the expiry or early termination of the related equipment lease transaction (See Notes 4, 6, and 7).</p></div>
50000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Income Taxes</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company follows Accounting Standards Codification subtopic 740-10, Income Taxes (“ASC 740-10”) for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability during each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change. Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Deferred taxes are classified as current or non-current, depending on the classification of assets and liabilities to which they relate.  Deferred taxes arising from temporary differences that are not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse and are considered immaterial.</p></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><font style="text-decoration:underline">Recent Accounting Pronouncements</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">There are various other updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company’s financial position, results of operations or cash flows.</p></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Subsequent Events</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued.  Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements, except as disclosed.</p></div>
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
Potentially dilutive securities excluded from the computation of basic and diluted net loss per share are as follows:<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1625" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1626" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1627" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1628" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1629" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1630" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options to purchase common stock</p>
</td>
<td id="new_id-1631" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1632" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1633" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">101,630,693</td>
<td id="new_id-1634" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1635" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1636" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1637" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">39,755,770</td>
<td id="new_id-1638" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Warrants to purchase common stock</p>
</td>
<td id="new_id-1639" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1640" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1641" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">118,019</td>
<td id="new_id-1642" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1643" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1644" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1645" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">136,731</td>
<td id="new_id-1646" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Totals</p>
</td>
<td id="new_id-1647" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1648" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1649" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">101,748,712</td>
<td id="new_id-1650" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1651" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1652" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1653" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">39,892,501</td>
<td id="new_id-1654" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table></div>
101630693
39755770
118019
136731
101748712
39892501
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>NOTE 2 – GOING CONCERN AND MANAGEMENT’S LIQUIDITY PLANS</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The accompanying condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements during six months ended June 30, 2018, the Company incurred net losses of $1,383,693 and has a working capital deficit (current liabilities in excess of current assets) of $5,394,386. These factors among others may indicate that the Company will be unable to continue as a going concern for a reasonable period of time.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company’s primary source of operating funds in 2017 and 2018 has been from revenue generated from sales and cash proceeds from the sale of common stock and the issuance of convertible and other debt. The Company has experienced net losses and negative cash flows from operations since inception, but expects these conditions to improve in 2018 and beyond as it develops its business model. The Company has stockholders’ deficiencies at June 30, 2018 and requires additional financing to fund future operations.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company’s existence is dependent upon management’s ability to develop profitable operations and to obtain additional funding sources. There can be no assurance that the Company’s financing efforts or revenues realized from the Asset Sale and Lease Agreement will result in profitable operations or the resolution of the Company’s liquidity problems. The accompanying statements do not include any adjustments that might result should the Company be unable to continue as a going concern.</p><br/></div>
-5394386
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>NOTE 3 — INVESTMENTS</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">U.S. Stem Cell Clinic, LLC</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The investment in U.S. Stem Cell Clinic, LLC is comprised of a 33% member interest ownership and is accounted for using the equity method of accounting. The Company’s 33% income earned by U.S. Stem Cell Clinic, LLC member interests was $3,143 and $88,790 for the three and six months ended June 30, 2018, respectively; and $79,642 and $139,009 for the three and six months ended June 30, 2017, respectively (inception to date income of $464,002) which was recorded as other income/expense in the Company’s Statement of Operations in the appropriate periods.  In addition, during the six months ended June 30, 2018 and 2017, Company received distributions totaling $99,000 and $140,000 from U.S. Stem Cell Clinic, LLC, respectively (inception to date of $499,000).  The carrying value of the investment at June 30, 2018 and December 31, 2017 is $24,716 and $34,926, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At June 30, 2018 and December 31, 2017, accounts receivable for sales of product and services to U.S. Stem Cell Clinic, LLC was $30,975 and $8,449 respectively; revenues earned from sales to U.S. Stem Clinic, LLC for the three and six months ended June 30, 2018 were $178,399 and $346,047, respectively; and for the three and six months ended June 30, 2017 were $137,432 and $285,565, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">An affiliate of one of the Company’s officers is a minority investor in the U.S. Stem Cell Clinic, LLC.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Regenerative Wellness Clinic, LLC</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The investment in Regenerative Wellness Clinic, LLC is comprised of a 33% member interest ownership and is accounted for using the equity method of accounting. The Company has provided technical expertise, but no cash investment with Regenerative Wellness Clinic, LLC’s startup in 2017. The Company’s 33% loss incurred by Regenerative Wellness Clinic, LLC member interests was $(12,765) for year ended December 31, 2017. However the recorded other income/expense in the Company’s Statement of Operations was limited to $0.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The carrying value was $0 at December 31, 2017. For the three and six months ended June 30, 2018, the Company’s 33% income earned by Regenerative Wellness Clinic, LLC member interests was $4,621 and $14,316 reported, after effects of 2017 loss, of $9,695. In addition, during the six months ended June 30, 2018, Company received distributions totaling $10,000 from Regenerative Wellness Clinic, LLC. The carrying value of the investment at June 30, 2018 and December 31, 2017 is $4,316 and $0, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At June 30, 2018 and December 31, 2017, accounts receivable for sales of products and services to Regenerative Wellness Clinic, LLC was $2,345 and $15,115, respectively; revenues earned from sales to Regenerative Wellness Clinic, LLC for the three and six months ended June 30, 2018 was $44,990 and $84,524, respectively, and $0 for the three and six months ended June 30, 2017.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">An affiliate of one of the Company’s officers is an investor in the Regenerative Wellness Clinic, LLC.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">U.S. Stem Cell of the Villages LLC</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On January 30, 2018, Greg Knutson, a director of the Company (“Knutson”) and the Company agreed to open and operate a regenerative medicine/cell therapy clinic providing cellular treatments for patients afflicted with neurological, autoimmune, orthopedic and degenerative diseases in Florida.  To that end, U.S. Stem Cell Clinic of The Villages LLC (the “LLC”) was formed January 30, 2018. Knutson provided the Company with the sum of Three Hundred Thousand Dollars ($300,000) (the “Investment”) to be utilized for the formation and initial operation of the LLC.  Currently, Knutson holds a 51% Member Interest in the LLC and the Company holds a 49% Member Interest. The Company will provide operating assistance as well as management services, the latter to be compensated at fee of five percent (5%) of the net revenues.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">As of June 30, 2018, upon completion of U.S. Stem Cell of the Villages LLC, the Company was credited with investment equity of $103,159 from Greg Knutson, the 51% member. The Company then recorded the investment equity as contributed capital of the Company. The Company’s 49% loss incurred by U.S. Stem Cell of the Villages LLC member interests was $(27,771) for three and six months ended June 30, 2018. However the recorded other income/expense in the Company’s Statement of Operations was limited to $0. The carrying value was $0 at June 30, 2018.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At June 30, 2018, accounts receivable for sales of products and services to U.S Stem Cell of the Villages LLC was $9,626; revenues earned from sales to U.S Stem Cell of the Villages LLC  for the three and six months ended June 30, 2018 was $56,891 and $79,476, respectively.</p><br/></div>
3143
88790
79642
139009
464002
99000
140000
499000
24716
34926
30975
8449
178399
346047
137432
285565
-12765
0
0
4621
14316
-9695
10000
4316
2345
15115
44990
84524
0
0
To that end, U.S. Stem Cell Clinic of The Villages LLC (the “LLC”) was formed January 30, 2018. Knutson provided the Company with the sum of Three Hundred Thousand Dollars ($300,000) (the “Investment”) to be utilized for the formation and initial operation of the LLC.  Currently, Knutson holds a 51% Member Interest in the LLC and the Company holds a 49% Member Interest. The Company will provide operating assistance as well as management services, the latter to be compensated at fee of five percent (5%) of the net revenues
300000
0.51
0.49
103159
-27771
0
0
9626
56891
79476
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>NOTE 4 — PROPERTY AND EQUIPMENT</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Property and equipment are recorded on the basis of cost. For financial statement purposes, property, plant and equipment are depreciated using the straight-line method over their estimated useful lives. </p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Expenditures for repair and maintenance which do not materially extend the useful lives of property and equipment are charged to operations. When property or equipment is sold or otherwise disposed of, the cost and related accumulated depreciation are removed from the respective accounts with the resulting gain or loss reflected in operations. Management periodically reviews the carrying value of its property and equipment for impairment in accordance with the guidance for impairment of long lived assets.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Property and equipment as of June 30, 2018 and December 31, 2017 is summarized as follows:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1655" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1656" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1657" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1658" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1659" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1660" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Laboratory and medical equipment</p>
</td>
<td id="new_id-1661" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1662" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1663" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">5,590</td>
<td id="new_id-1664" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1665" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1666" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1667" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">5,590</td>
<td id="new_id-1668" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Furniture, fixtures and equipment</p>
</td>
<td id="new_id-1669" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1670" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1671" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">125,633</td>
<td id="new_id-1672" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1673" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1674" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1675" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">125,633</td>
<td id="new_id-1676" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Computer equipment</p>
</td>
<td id="new_id-1677" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1678" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1679" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">49,951</td>
<td id="new_id-1680" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1681" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1682" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1683" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">49,951</td>
<td id="new_id-1684" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Equipment under capital lease</p>
</td>
<td id="new_id-1685" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1686" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1687" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">624,602</td>
<td id="new_id-1688" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1689" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1690" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1691" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">624,602</td>
<td id="new_id-1692" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Leasehold improvements</p>
</td>
<td id="new_id-1693" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1694" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1695" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">362,046</td>
<td id="new_id-1696" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1697" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1698" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1699" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">362,046</td>
<td id="new_id-1700" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1701" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1702" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1703" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">1,167,822</td>
<td id="new_id-1704" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1705" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1706" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1707" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">1,167,822</td>
<td id="new_id-1708" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> Less accumulated depreciation and amortization</p>
</td>
<td id="new_id-1709" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1710" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1711" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(821,903</td>
<td id="new_id-1712" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-1713" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1714" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1715" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(718,075</td>
<td id="new_id-1716" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1717" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1718" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1719" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">345,919</td>
<td id="new_id-1720" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1721" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1722" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1723" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">449,747</td>
<td id="new_id-1724" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 3, 2017, the Company entered into an asset sale and lease agreement (sale/leaseback transaction, the “Asset Sale and Lease Agreement”) with GACP, whereby the Company sold certain lab, medical and other equipment relating to the cell banking business for $400,000 and leased back the sold equipment over a three year term.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company determined that the transaction was a capitalized lease and accordingly recorded the leased assets and liability based on the estimated present value of the minimum lease payments.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Included in net property are assets under capital leases of $624,602, less accumulated depreciation of $275,478 as of June 30, 2018 and $624,602, less accumulated depreciation of $174,120 December 31, 2017, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In connection with the sale of the lab, medical and other equipment, the Company realized a gain on sale of equipment of $386,535.  The gain is recognized ratably over the term of the lease to operations. During the three and six months ended June 30, 2018, the Company recognized $32,212 and $64,423; and $32,211 and $42,948 for the three and six months ended June 30, 2017, as the gain on sale of equipment, respectively.  As of June 30, 2018 and December 31, 2017, deferred gain on sale of equipment was $214,742 and $279,165, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Property and equipment are recorded on the basis of cost. For financial statement purposes, property, plant and equipment are depreciated using the straight-line method over their estimated useful lives. </p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Depreciation expense was $51,652 and $103,828 of which $51,652 and $103,304 were included in cost of sales for the three and six months ended June 30, 2018, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Depreciation expense was $53,268 and $72,102 of which $51,652 and $68,869 were included in cost of sales for the three and six months ended June 30, 2017, respectively.</p><br/></div>
400000
leased back the sold equipment over a three year term
624602
275478
624602
174120
386535
32212
64423
32211
42948
214742
279165
51652
103828
51652
103304
53268
72102
51652
68869
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
Property and equipment as of June 30, 2018 and December 31, 2017 is summarized as follows:<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1655" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1656" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1657" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1658" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1659" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1660" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Laboratory and medical equipment</p>
</td>
<td id="new_id-1661" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1662" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1663" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">5,590</td>
<td id="new_id-1664" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1665" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1666" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1667" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">5,590</td>
<td id="new_id-1668" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Furniture, fixtures and equipment</p>
</td>
<td id="new_id-1669" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1670" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1671" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">125,633</td>
<td id="new_id-1672" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1673" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1674" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1675" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">125,633</td>
<td id="new_id-1676" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Computer equipment</p>
</td>
<td id="new_id-1677" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1678" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1679" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">49,951</td>
<td id="new_id-1680" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1681" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1682" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1683" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">49,951</td>
<td id="new_id-1684" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Equipment under capital lease</p>
</td>
<td id="new_id-1685" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1686" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1687" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">624,602</td>
<td id="new_id-1688" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1689" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1690" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1691" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">624,602</td>
<td id="new_id-1692" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Leasehold improvements</p>
</td>
<td id="new_id-1693" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1694" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1695" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">362,046</td>
<td id="new_id-1696" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1697" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1698" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1699" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">362,046</td>
<td id="new_id-1700" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1701" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1702" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1703" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">1,167,822</td>
<td id="new_id-1704" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1705" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1706" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1707" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">1,167,822</td>
<td id="new_id-1708" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> Less accumulated depreciation and amortization</p>
</td>
<td id="new_id-1709" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1710" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1711" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(821,903</td>
<td id="new_id-1712" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-1713" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1714" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1715" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(718,075</td>
<td id="new_id-1716" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1717" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1718" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1719" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">345,919</td>
<td id="new_id-1720" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1721" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1722" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1723" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">449,747</td>
<td id="new_id-1724" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table></div>
5590
5590
125633
125633
49951
49951
624602
624602
362046
362046
1167822
1167822
821903
718075
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>NOTE 5 — ACCRUED EXPENSES</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Accrued expenses consisted of the following as of June 30, 2018 and December 31, 2017:  </p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1725" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1726" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1727" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1728" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1729" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1730" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Interest and fees payable to the Guarantors of the Company’s loan agreement with Seaside Bank</p>
</td>
<td id="new_id-1731" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1732" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1733" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">290,841</td>
<td id="new_id-1734" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1735" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1736" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1737" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">248,746</td>
<td id="new_id-1738" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Interest payable on notes payable-related party (See Note 7)</p>
</td>
<td id="new_id-1739" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1740" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1741" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">439,715</td>
<td id="new_id-1742" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1743" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1744" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1745" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">381,667</td>
<td id="new_id-1746" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Vendor accruals and other</p>
</td>
<td id="new_id-1747" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1748" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1749" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">146,591</td>
<td id="new_id-1750" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1751" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1752" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1753" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">146,421</td>
<td id="new_id-1754" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Marketing obligation</p>
</td>
<td id="new_id-1755" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1756" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1757" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">213,464</td>
<td id="new_id-1758" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1759" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1760" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1761" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">141,560</td>
<td id="new_id-1762" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Employee commissions, compensation, etc.</p>
</td>
<td id="new_id-1763" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1764" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1765" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td>
<td id="new_id-1766" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1767" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1768" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1769" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">10,725</td>
<td id="new_id-1770" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1771" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1772" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1773" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,090,611</td>
<td id="new_id-1774" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1775" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1776" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1777" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">929,119</td>
<td id="new_id-1778" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">During the six months ended June 30, 2018, the Company issued an aggregate of 7,059,562 shares of its common stock in settlement of outstanding accounts payable and accrued expenses. In connection with the issuance, the Company incurred a $35,236 net loss in settlement of debt.</p><br/></div>
7059562
-35236
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
Accrued expenses consisted of the following as of June 30, 2018 and December 31, 2017:<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1725" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1726" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1727" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1728" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1729" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1730" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Interest and fees payable to the Guarantors of the Company’s loan agreement with Seaside Bank</p>
</td>
<td id="new_id-1731" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1732" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1733" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">290,841</td>
<td id="new_id-1734" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1735" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1736" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1737" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">248,746</td>
<td id="new_id-1738" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Interest payable on notes payable-related party (See Note 7)</p>
</td>
<td id="new_id-1739" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1740" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1741" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">439,715</td>
<td id="new_id-1742" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1743" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1744" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1745" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">381,667</td>
<td id="new_id-1746" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Vendor accruals and other</p>
</td>
<td id="new_id-1747" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1748" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1749" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">146,591</td>
<td id="new_id-1750" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1751" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1752" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1753" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">146,421</td>
<td id="new_id-1754" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Marketing obligation</p>
</td>
<td id="new_id-1755" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1756" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1757" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">213,464</td>
<td id="new_id-1758" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1759" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1760" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1761" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">141,560</td>
<td id="new_id-1762" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Employee commissions, compensation, etc.</p>
</td>
<td id="new_id-1763" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1764" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1765" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td>
<td id="new_id-1766" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1767" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1768" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1769" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">10,725</td>
<td id="new_id-1770" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1771" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1772" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1773" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,090,611</td>
<td id="new_id-1774" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1775" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1776" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1777" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">929,119</td>
<td id="new_id-1778" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table></div>
290841
248746
439715
381667
146591
146421
213464
141560
0
10725
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>NOTE 6 — NOTES AND CAPITAL LEASE PAYABLE</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Notes and capital lease payable were comprised of the following as of June 30, 2018 and December 31, 2017:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1779" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1780" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1781" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1782" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1783" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1784" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Seaside Bank note payable.</p>
</td>
<td id="new_id-1785" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1786" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1787" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">980,000</td>
<td id="new_id-1788" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1789" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1790" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1791" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">980,000</td>
<td id="new_id-1792" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Hunton & Williams note(s) payable</p>
</td>
<td id="new_id-1793" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1794" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1795" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">514,000</td>
<td id="new_id-1796" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1797" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1798" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1799" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">584,000</td>
<td id="new_id-1800" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Power Up Lending Group notes payable</p>
</td>
<td id="new_id-1801" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1802" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1803" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">159,525</td>
<td id="new_id-1804" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1805" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1806" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1807" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">94,448</td>
<td id="new_id-1808" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Lab and medical equipment capitalized leases</p>
</td>
<td id="new_id-1809" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1810" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1811" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">369,011</td>
<td id="new_id-1812" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1813" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1814" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1815" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">468,465</td>
<td id="new_id-1816" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Total notes payable</p>
</td>
<td id="new_id-1817" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1818" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1819" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,022,536</td>
<td id="new_id-1820" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1821" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1822" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1823" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,126,913</td>
<td id="new_id-1824" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Less unamortized debt discount</p>
</td>
<td id="new_id-1825" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1826" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1827" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(89,298</td>
<td id="new_id-1828" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-1829" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1830" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1831" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(94,866</td>
<td id="new_id-1832" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Total notes payable net of unamortized debt discount</p>
</td>
<td id="new_id-1833" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1834" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1835" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">1,933,238</td>
<td id="new_id-1836" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1837" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1838" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1839" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,032,047</td>
<td id="new_id-1840" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Less current portion</p>
</td>
<td id="new_id-1841" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1842" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1843" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(1,416,971</td>
<td id="new_id-1844" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-1845" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1846" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1847" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(1,344,594</td>
<td id="new_id-1848" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Long term portion</p>
</td>
<td id="new_id-1849" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1850" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1851" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">516,267</td>
<td id="new_id-1852" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1853" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1854" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1855" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">687,453</td>
<td id="new_id-1856" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i><b>Seaside Bank</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On October 25, 2010, the Company entered into a Loan Agreement with Seaside National Bank and Trust for a $980,000 loan at 4.25% per annum interest that was used to refinance the Company’s loan with Bank of America. The obligation is guaranteed by certain shareholders of the Company. The Company renewed the loan with Seaside National Bank and Trust during the first quarter of 2018 to extend the maturity date to May 18, 2020.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i><b>Hunton & Williams Notes</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At December 31, 2016, the Company has two outstanding notes payable with interest at 8% per annum due at maturity. The two notes, $61,150 and $323,822, are payable in one balloon payment upon the date the Noteholder provides written demand, however the Company is not obligated to make payments until the Northstar (or successor) Loan is paid off.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On August 31, 2017, the Company and the note holder entered into a Note Forbearance, Modification and Repayment Agreement (“Agreement”). The two notes, $61,150 and $323,822, were payable in one balloon payment upon the date of a written demand and upon certain triggering events occurring. The total of unpaid principal and accumulated interest for both notes as of August 31, 2017 was $747,680 and an accounts payable of $40,596, for an aggregate total of $788,276.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The note holder agreed to accept full payment of their obligation of over a four (4) year period in 48 monthly installments on an adjusted debt obligation in aggregate of $624,000 (reducing the outstanding balance), with such payments staggered in amounts such that the Company will pay $10,000 monthly the first year, $12,000 monthly the second year, $14,000 monthly the third year, and $16,000 monthly the final year.  In addition, the note holder agreed to suspend accrual interest on the notes commencing September 1, 2017.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Agreement remains in full force and effect provided the Company continues to make the monthly payments, there is no event of default as defined in the notes and an agreement to a subordination agreement by Northstar Biotech Group, LLC, which has been provided.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company imputed an interest rate of 5% and discounted the note accordingly. The imputed debt discount of $69,700 is amortized to interest expense using the effective interest method. For three and six months ended June 30, 2018, the Company amortized $9,007 and $16,083 of debt discounts to current period operations as interest expense. The unamortized debt discount at June 30, 2018 is $43,441.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i><b>PowerUp Lending Group, Ltd</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On September 12, 2017, the Company entered into a revenue based factoring agreement and received an aggregate of $137,200 (less origination fees of $2,800) in exchange for $187,600 of future receipts relating to monies collected from customers or other third party payors. Under the terms of the factoring agreement, the Company is required to make daily payments equal to $1,276 for 147 business days.  The Company received net proceeds of $103,085 along with cancellation of the previous revenue based factoring agreement issued in February 2017.  In connection with the cancellation of the February 2017 revenue based factoring agreement, the Company incurred a gain in settlement of debt of $2,734 in 2017.  </p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On January 2, 2018, the Company entered into a revenue based factoring agreement and received an aggregate of $137,200 (less origination fees of $2,800) in exchange for $187,600 of future receipts relating to monies collected from customers or other third party payors. Under the terms of the factoring agreement, the Company is required to make daily payments equal to $1,276 for 147 business days.  The Company received net proceeds of $47,907 along with cancellation of the previous revenue based factoring agreement issued in September 2017.  In connection with the cancellation of the September 2017 revenue based factoring agreement, the Company incurred a gain in settlement of debt of $5,154 in 2018.  </p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On May 29, 2018, the Company entered into a revenue based factoring agreement and received an aggregate of $137,200 (less origination fees of $2,800) in exchange for $187,600 of future receipts relating to monies collected from customers or other third party payors. Under the terms of the factoring agreement, the Company is required to make daily payments equal to $1,276 for 147 business days.  The Company received net proceeds of $78,495 along with cancellation of the previous revenue based factoring agreement issued in January 2018.  In connection with the cancellation of the January 2018 revenue based factoring agreement, the Company incurred a loss in settlement of debt of $5,105 in 2018.  </p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The remaining principle balance of the PowerUp Lending Group promissory note payable at June 30, 2018 is $159,524, net of unamortized discount of $45,857.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i><b>Lab and Medical Equipment Capitalized Lease</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 3, 2017, the Company entered into an asset sale and lease agreement (sale/leaseback transaction; “Asset Sale and Lease Agreement”) with GACP, whereby the Company sold certain lab, medical and other equipment relating to the cell banking business for $400,000 and leased back the sold equipment over a three year term.  The Company recognized the arrangement as a capital lease.  The Company initially recorded the equipment and the capitalized lease liability at the estimated present value of the minimum lease payments of $619,825. </p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The lease includes a base monthly rental payment of $20,000, due the first day of each calendar month plus contingent rent equal to 2.3%, 22.5%, and 31.6% of revenues collected on deposits arising from cell banking business for years 1, 2 and 3, respectively.  The contingent rent is recognized as a period expense and as interest expense at the time of collection.  At the expiration of the lease, the Company is required to return all leased equipment and along with any maintenance records, logs, etc. in the Company’s possession to the lessor with no right of repurchase.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company determined that the present value of the minimum lease payments exceeded 90% of the estimated fair value of the equipment and therefore classified the equipment sale/lease as a capitalized lease. The effective interest rate of the capitalized lease is estimated at 10.00% based on the Company estimated incremental borrowing rate.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The following summarizes the assets under capital leases:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1857" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1858" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1859" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1860" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1861" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1862" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Classes of property</p>
</td>
<td id="new_id-1863" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1864" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1865" style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1866" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1867" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1868" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1869" style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1870" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Lab, medical and other equipment</p>
</td>
<td id="new_id-1871" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1872" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1873" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">619,825</td>
<td id="new_id-1874" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1875" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1876" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1877" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">619,825</td>
<td id="new_id-1878" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Office equipment</p>
</td>
<td id="new_id-1879" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1880" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1881" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4,777</td>
<td id="new_id-1882" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1883" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1884" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1885" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4,777</td>
<td id="new_id-1886" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Less: accumulated depreciation</p>
</td>
<td id="new_id-1887" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1888" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1889" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(277,663</td>
<td id="new_id-1890" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-1891" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1892" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1893" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(174,120</td>
<td id="new_id-1894" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1895" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1896" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1897" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">346,939</td>
<td id="new_id-1898" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1899" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1900" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1901" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">450,482</td>
<td id="new_id-1902" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The following summarizes the current and long-term portion of capital leases:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1903" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1904" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1905" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1906" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1907" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1908" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Current leases payable</p>
</td>
<td id="new_id-1909" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1910" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1911" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">214,166</td>
<td id="new_id-1912" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1913" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1914" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1915" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">203,875</td>
<td id="new_id-1916" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Long-term leases payable</p>
</td>
<td id="new_id-1917" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1918" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1919" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">154,845</td>
<td id="new_id-1920" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1921" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1922" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1923" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">264,590</td>
<td id="new_id-1924" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Office equipment</p>
</td>
<td id="new_id-1925" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1926" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1927" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">369,011</td>
<td id="new_id-1928" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1929" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1930" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1931" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">468,465</td>
<td id="new_id-1932" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The following summarizes total future minimum lease payments at June 30, 2018:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 81%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Period ending December 31,</b></p>
</td>
<td id="new_id-1933" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1934" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b> </b></td>
<td id="new_id-1935" style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b> </b></td>
<td id="new_id-1936" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b> </b></td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Six months ended December 31, 2018</p>
</td>
<td id="new_id-1937" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1938" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1939" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">120,698</td>
<td id="new_id-1940" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">2019</p>
</td>
<td id="new_id-1941" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1942" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1943" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">241,396</td>
<td id="new_id-1944" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">2020</p>
</td>
<td id="new_id-1945" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1946" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1947" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">60,000</td>
<td id="new_id-1948" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Total minimum lease payments</p>
</td>
<td id="new_id-1949" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1950" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1951" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">422,094</td>
<td id="new_id-1952" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Amount representing interest</p>
</td>
<td id="new_id-1953" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1954" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1955" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">53,083</td>
<td id="new_id-1956" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Present value of minimum lease payments</p>
</td>
<td id="new_id-1957" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1958" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1959" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">369,011</td>
<td id="new_id-1960" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Current portion of capital lease obligations</p>
</td>
<td id="new_id-1961" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1962" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1963" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">214,166</td>
<td id="new_id-1964" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Capital lease obligation, less current portion</p>
</td>
<td id="new_id-1965" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1966" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1967" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">154,845</td>
<td id="new_id-1968" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i><b>Promissory note</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On June 1, 2015, the Company issued an amended and restated promissory note of $1,697,762 in settlement of the $1,500,000 outstanding subordinated debt, related accrued interest of $373,469 and accumulated and unpaid guarantor fees of $624,737.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The note is unsecured and non-interest bearing with four semi-annual payments of $75,000 beginning on December 31, 2015 with the remaining unpaid balance due June 1, 2020.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company imputed an interest rate of 5% and discounted the promissory note accordingly. The imputed debt discount of $368,615 is amortized to interest expense using the effective interest method. For the three and six months ended June 30, 2018, the Company amortized $17,424 and $34,657 of debt discounts to current period operations as interest expense, respectively.  The unamortized debt discount at June 30, 2018 is $134,415.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">As of June 30, 2018, the remaining principle due was $1,397,762.</p><br/></div>
980000
0.0425
2020-05-18
2
0.08
61150
323822
payable in one balloon payment upon the date the Noteholder provides written demand, however the Company is not obligated to make payments until the Northstar (or successor) Loan is paid off.
payable in one balloon payment upon the date of a written demand and upon certain triggering events occurring
747680
40596
788276
The note holder agreed to accept full payment of their obligation of over a four (4) year period in 48 monthly installments on an adjusted debt obligation in aggregate of $624,000 (reducing the outstanding balance), with such payments staggered in amounts such that the Company will pay $10,000 monthly the first year, $12,000 monthly the second year, $14,000 monthly the third year, and $16,000 monthly the final year.  In addition, the note holder agreed to suspend accrual interest on the notes commencing September 1, 2017.
0.05
69700
9007
16083
43441
137200
2800
187600
Under the terms of the factoring agreement, the Company is required to make daily payments equal to $1,276 for 147 business days.
103085
2734
137200
2800
187600
Under the terms of the factoring agreement, the Company is required to make daily payments equal to $1,276 for 147 business days.
47907
5154
137200
2800
187600
Under the terms of the factoring agreement, the Company is required to make daily payments equal to $1,276 for 147 business days
78495
-5105
159524
45857
400000
P3Y
619825
20000
0.023
0.225
0.316
1697762
1500000
373469
624737
non-interest bearing
four semi-annual
75000
2015-12-31
2020-06-01
0.05
368615
17424
34657
134415
1397762
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
Notes and capital lease payable were comprised of the following as of June 30, 2018 and December 31, 2017:<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1779" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1780" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1781" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1782" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1783" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1784" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Seaside Bank note payable.</p>
</td>
<td id="new_id-1785" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1786" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1787" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">980,000</td>
<td id="new_id-1788" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1789" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1790" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1791" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">980,000</td>
<td id="new_id-1792" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Hunton & Williams note(s) payable</p>
</td>
<td id="new_id-1793" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1794" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1795" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">514,000</td>
<td id="new_id-1796" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1797" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1798" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1799" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">584,000</td>
<td id="new_id-1800" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Power Up Lending Group notes payable</p>
</td>
<td id="new_id-1801" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1802" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1803" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">159,525</td>
<td id="new_id-1804" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1805" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1806" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1807" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">94,448</td>
<td id="new_id-1808" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Lab and medical equipment capitalized leases</p>
</td>
<td id="new_id-1809" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1810" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1811" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">369,011</td>
<td id="new_id-1812" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1813" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1814" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1815" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">468,465</td>
<td id="new_id-1816" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Total notes payable</p>
</td>
<td id="new_id-1817" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1818" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1819" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,022,536</td>
<td id="new_id-1820" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1821" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1822" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1823" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,126,913</td>
<td id="new_id-1824" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Less unamortized debt discount</p>
</td>
<td id="new_id-1825" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1826" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1827" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(89,298</td>
<td id="new_id-1828" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-1829" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1830" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1831" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(94,866</td>
<td id="new_id-1832" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Total notes payable net of unamortized debt discount</p>
</td>
<td id="new_id-1833" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1834" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1835" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">1,933,238</td>
<td id="new_id-1836" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1837" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1838" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1839" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,032,047</td>
<td id="new_id-1840" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Less current portion</p>
</td>
<td id="new_id-1841" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1842" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1843" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(1,416,971</td>
<td id="new_id-1844" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-1845" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1846" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1847" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(1,344,594</td>
<td id="new_id-1848" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Long term portion</p>
</td>
<td id="new_id-1849" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1850" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1851" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">516,267</td>
<td id="new_id-1852" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1853" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1854" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-1855" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">687,453</td>
<td id="new_id-1856" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table></div>
980000
980000
514000
584000
159525
94448
369011
468465
2022536
2126913
89298
94866
1933238
2032047
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
The following summarizes the assets under capital leases:<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1857" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1858" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1859" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1860" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1861" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1862" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Classes of property</p>
</td>
<td id="new_id-1863" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1864" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1865" style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1866" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1867" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1868" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1869" style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1870" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Lab, medical and other equipment</p>
</td>
<td id="new_id-1871" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1872" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1873" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">619,825</td>
<td id="new_id-1874" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1875" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1876" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1877" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">619,825</td>
<td id="new_id-1878" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Office equipment</p>
</td>
<td id="new_id-1879" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1880" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1881" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4,777</td>
<td id="new_id-1882" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1883" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1884" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1885" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4,777</td>
<td id="new_id-1886" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Less: accumulated depreciation</p>
</td>
<td id="new_id-1887" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1888" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1889" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(277,663</td>
<td id="new_id-1890" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-1891" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1892" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1893" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(174,120</td>
<td id="new_id-1894" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1895" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1896" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1897" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">346,939</td>
<td id="new_id-1898" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1899" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1900" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1901" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">450,482</td>
<td id="new_id-1902" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1903" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1904" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1905" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1906" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1907" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1908" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Current leases payable</p>
</td>
<td id="new_id-1909" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1910" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1911" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">214,166</td>
<td id="new_id-1912" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1913" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1914" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1915" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">203,875</td>
<td id="new_id-1916" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Long-term leases payable</p>
</td>
<td id="new_id-1917" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1918" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1919" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">154,845</td>
<td id="new_id-1920" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1921" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1922" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1923" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">264,590</td>
<td id="new_id-1924" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Office equipment</p>
</td>
<td id="new_id-1925" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1926" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1927" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">369,011</td>
<td id="new_id-1928" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1929" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1930" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1931" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">468,465</td>
<td id="new_id-1932" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table></div>
619825
619825
4777
4777
277663
174120
346939
450482
214166
203875
154845
264590
369011
468465
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
The following summarizes total future minimum lease payments at June 30, 2018:<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 81%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Period ending December 31,</b></p>
</td>
<td id="new_id-1933" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1934" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b> </b></td>
<td id="new_id-1935" style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b> </b></td>
<td id="new_id-1936" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b> </b></td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Six months ended December 31, 2018</p>
</td>
<td id="new_id-1937" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1938" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1939" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">120,698</td>
<td id="new_id-1940" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">2019</p>
</td>
<td id="new_id-1941" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1942" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1943" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">241,396</td>
<td id="new_id-1944" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">2020</p>
</td>
<td id="new_id-1945" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1946" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1947" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">60,000</td>
<td id="new_id-1948" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Total minimum lease payments</p>
</td>
<td id="new_id-1949" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1950" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1951" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">422,094</td>
<td id="new_id-1952" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Amount representing interest</p>
</td>
<td id="new_id-1953" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1954" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1955" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">53,083</td>
<td id="new_id-1956" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Present value of minimum lease payments</p>
</td>
<td id="new_id-1957" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1958" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-1959" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">369,011</td>
<td id="new_id-1960" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Current portion of capital lease obligations</p>
</td>
<td id="new_id-1961" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1962" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1963" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">214,166</td>
<td id="new_id-1964" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Capital lease obligation, less current portion</p>
</td>
<td id="new_id-1965" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1966" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1967" style="width: 16%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">154,845</td>
<td id="new_id-1968" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table></div>
120698
241396
60000
422094
53083
369011
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>NOTE 7 — RELATED PARTY TRANSACTIONS</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Advances</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">As of June 30, 2018 and December 31, 2017, the Company’s officers and directors have provided advances in the aggregate of $204,901 and $104,901 respectively, for working capital purposes. The advances are unsecured, due on demand, and non-interest bearing.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><font style="text-decoration:underline">Notes payable-related party</font></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i><b>Northstar Biotechnology Group, LLC</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On February 29, 2012, a promissory note issued to BlueCrest Master Fund Limited was assigned to Northstar Biotechnology Group, LLC (“Northstar”), owned partly by certain directors and existing shareholders of the Company at the time, including Dr. William P. Murphy Jr., Dr. Samuel Ahn and Charles Hart. At the date of the assignment, the principal amount of the BlueCrest note was $544,267 the (“Note”).</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 30, 2012, the Company and Northstar agreed to extend until May 1, 2012 the initial payment date for any and all required monthly under the Note, such that the first of the four monthly payments required under the Note will be due and payable on May, 2012 and all subsequent payments will be due on a monthly basis thereafter commencing on June 1, 2012, and to waive any and all defaults and/or events of default under the Note with respect to such payments. The Company did not make the required payment, and as a result, was in default of the revised agreement The Company renegotiated the terms of the Note and Northstar agreed to suspend the requirement of principal payments by the Company and allow payment of interest-only in common stock.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On September 21, 2012, the Company issued 5,000 common stock purchase warrants to Northstar that was treated as additional interest expense upon issuance.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On October 1, 2012, the Company and Northstar entered into a limited waiver and forbearance agreement providing a recapitalized new note balance comprised of all sums due Northstar with a maturity date extended perpetually. The Company agreed to issue 5,000,000 shares of Series A Convertible Preferred Stock and 10,000 shares of common stock in exchange for $210,000 as payment towards outstanding debt, default interest, penalties, professional fees outstanding and due Northstar. In addition, the Company executed a security agreement granting Northstar a lien on all patents, patent applications, trademarks, service marks, copyrights and intellectual property rights of any nature, as well as the results of all clinical trials, know-how for preparing Myoblasts, old and new clinical data, existing approved trials, all right and title to Myoblasts, clinical trial protocols and other property rights.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In addition, the Company granted Northstar a perpetual license on products as described for resale, relicensing, and commercialization outside the United States. In connection with the granted license, Northstar shall pay the Company a royalty of up to 8% on revenues generated.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Effective October 1, 2012, the effective interest rate was 12.85% per annum. The parties agreed, as of February 28, 2013, to reduce the interest rate to 7% per annum.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In connection with the consideration paid, Northstar waived, from the effective date through the earlier of termination or expiration of the agreement, satisfaction of the obligations as described in the forbearance agreement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In 2012, 5,000,000 shares of Series A Convertible Preferred Stock were approved to be issued, which was subsequently increased to 20,000,000 shares of preferred stock as Series A Convertible Preferred Stock. In addition, the Company was obligated to issue additional preferred stock equal in lieu of payment of cash of accrued and unpaid interest on each six month anniversary of the effective date (October 1, 2012). In lieu of the initial two payments in preferred stock, the parties agreed to modify the voting rights of the subsequently cancelled Series A Convertible Preferred Stock from 20 votes per share on matters to be voted on by the common stock holders to 25 votes per share on matters to be voted on by the common stock holders and all prior and subsequent payments of interest will be in common stock. The Company is required to issue additional shares of its common stock (as amended), in lieu of cash, each six month anniversary of the effective date for any accrued and unpaid interest.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 1, 2017, Northstar and the Company entered into a settlement agreement (“Settlement Agreement “) related to pending litigation (See Note 11). Pursuant to the terms and conditions of the Settlement Agreement, Northstar converted its outstanding Series A Convertible preferred stock, into twenty million (20,000,000) shares of common stock according to the original conversion terms. In addition, and separate and apart from the conversion, Northstar received Eleven Million (11,000,000) shares of the Company’s common stock. Northstar will receive ten percent (10%) of all Company international sales (based on a gross sales basis). There was no effect of 10% as there were no international sales in 2017. Furthermore, a Northstar designee, Greg Knutson, was appointed to the Board of Directors of the Company and two Company directors, Michael Tomas and Kristin Comella, will each exercise their prior Northstar options to each receive a Five percent (5%) Member Interest in Northstar.  The parties agreed to a mutual release and Northstar agreed to terminate any UCC lien on the Company assets previously filed for the benefit of Northstar. On March 9, 2017 and April 1, 2017, the Company issued 30,000,000 and 1,000,000 shares of its common stock, respectively, as described above. In connection with the settlement, the Company recorded a loss on litigation settlement of $316,800.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On September 30, 2013, the Company issued 8,772 shares of its common stock as payment of $100,000 towards cash advances.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On December 24, 2013, the Company issued 3,916 shares of its common stock as payment of accrued interest through June 30, 2013 of $85,447.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On April 2, 2014, the Company issued 275 shares of its common stock in lieu of payment in cash of accrued and unpaid interest of $12,635 due April 1, 2014 per the forbearance agreement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On September 17, 2014, the limited waiver and forbearance agreement entered into on October 1, 2012 to provide that the perpetual license on products as described for resale, relicensing and commercialization outside the United States was amended as such on the condition that Northstar provide certain financing, which financing the Company, in its sole discretion, could decline and retain the license.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On October 3, 2014, the Company issued 515 shares of its common stock in lieu of payment in cash of accrued and unpaid interest of $12,705 due October 1, 2014 per the forbearance agreement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On April 3, 2015, the Company issued 1,363 shares of its common stock in lieu of payment in cash of accrued and unpaid interest of $12,635 due April 1, 2015 per the forbearance agreement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On October 2, 2015, the Company issued 4,156 shares of its common stock in lieu of payment in cash of accrued and unpaid interest of $12,705 due October 1, 2015 per the forbearance agreement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On October 7, 2015, the Company issued 34,522 shares of its common stock in settlement of $100,000 principal payment towards the outstanding debt.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On April 7, 2016, the Company issued 57,778 shares of its common stock in lieu of payment in cash of accrued and unpaid interest of $12,705 due April 1, 2016 per the forbearance agreement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On October 6, 2016, the Company issued 848,490 shares of its common stock in lieu of payment in cash of accrued and unpaid interest of $12,705 due October 1, 2016 per the forbearance agreement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On April 1, 2017, the Company issued 286,315 shares of its common stock in lieu of payment in cash of accrued and unpaid interest of $12,703 due October 1, 2016 per the forbearance agreement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On October 2, 2017, the Company issued 559,187 shares of its common stock in lieu of payment in cash of accrued and unpaid interest of $12,705 due October 1, 2016 per the forbearance agreement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">As of June 30, 2018 and December 31, 2017, the principal of this note was $262,000.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i><b>Officer and Director Notes</b></i></p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1969" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1970" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1971" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1972" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1973" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1974" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Mr. Tomas</p>
</td>
<td id="new_id-1975" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1976" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1977" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-1978" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1979" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1980" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1981" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">101,729</td>
<td id="new_id-1982" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Mr. Tomas</p>
</td>
<td id="new_id-1983" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1984" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1985" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">225,779</td>
<td id="new_id-1986" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1987" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1988" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1989" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">500,000</td>
<td id="new_id-1990" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Mr. Tomas</p>
</td>
<td id="new_id-1991" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1992" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1993" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">500,000</td>
<td id="new_id-1994" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1995" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1996" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1997" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">500,000</td>
<td id="new_id-1998" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Mr. Tomas</p>
</td>
<td id="new_id-1999" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2000" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2001" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">500,000</td>
<td id="new_id-2002" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2003" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2004" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2005" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-2006" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Dr. Comella</p>
</td>
<td id="new_id-2007" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2008" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2009" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">144,608</td>
<td id="new_id-2010" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2011" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2012" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2013" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">237,797</td>
<td id="new_id-2014" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Dr. Comella</p>
</td>
<td id="new_id-2015" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2016" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2017" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">300,000</td>
<td id="new_id-2018" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2019" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2020" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2021" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">300,000</td>
<td id="new_id-2022" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Dr. Comella</p>
</td>
<td id="new_id-2023" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2024" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2025" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">300,000</td>
<td id="new_id-2026" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2027" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2028" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2029" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td>
<td id="new_id-2030" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Total</p>
</td>
<td id="new_id-2031" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2032" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-2033" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,970,387</td>
<td id="new_id-2034" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2035" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2036" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-2037" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,639,526</td>
<td id="new_id-2038" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i><b>Notes payable, Mr. Tomas</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On July 1, 2014, the Company issued a $500,000 promissory note in settlement of compensation earned. The promissory note bears interest of 5% per annum and was due on January 1, 2015. During the six months ended June 30, 2018, the Company paid off $101,729 of the outstanding promissory note. The principal outstanding balance of this note as of June 30, 2018 and December 31, 2017 is $0 and $101,729, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On September 6, 2016, the Company issued a $500,000 promissory note in exchange for compensation earned. The promissory note bears interest of 5% per annum and is due upon demand. During the six months ended June 30, 2018, the Company paid off $274,221 of the outstanding promissory note. The principal outstanding balance of this note as of June 30, 2018 and December 31, 2017 is $225,779 and $500,000, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On August 7, 2017, the Company issued a $500,000 promissory note in exchange for compensation earned. The promissory note bears interest of 5% per annum and is due one year from date of issuance. The principal outstanding balance of this note as of June 30, 2018 and December 31, 2017 is $500,000.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On May 7, 2018, the Company issued a $500,000 promissory note in exchange for compensation earned. The promissory note bears interest of 5% per annum and is due six months from date of issuance. The principal outstanding balance of this note as of June 30, 2018 is $500,000.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At June 30, 2018 and December 31, 2017, the Company has recorded accrued interest on the outstanding and past notes to Mr. Tomas in the amount of $310,152 and $281,903, respectively, which is included in the accrued expenses on the balance sheet.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i><b>Notes payable, Dr. Comella</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On September 6, 2016, the Company issued a $300,000 promissory note in exchange for compensation earned. The promissory note bears interest of 5% per annum and was due upon demand. During the six months ended June 30, 2018, the Company paid off $93,189 of the outstanding promissory note. The principal outstanding balance of this note as of June 30, 2018 and December 31, 2017 is $144,608 and $237,797, respectively.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On August 7, 2017, the Company issued a $300,000 promissory note in exchange for compensation earned. The promissory note bears interest of 5% per annum and is due one year from date of issuance. The principal outstanding balance of this note as of June 30, 2018 and December 31, 2017 is $300,000.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On May 7, 2018, the Company issued a $300,000 promissory note in exchange for compensation earned. The promissory note bears interest of 5% per annum and is due six months from date of issuance. The principal outstanding balance of this note as of June 30, 2018 is $300,000.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At June 30, 2018 and December 31, 2017, the Company has recorded accrued interest on the outstanding notes to Dr. Comella in the amount of $84,096 and $69,108, respectively, which is included in the accrued expenses on the balance sheet.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i><b>Transactions with Pavillion</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On May 1, 2016, the Company entered into a consulting agreement with Pavillion, Inc, whose owner is related to an officer of the Company.  The agreement is for 12 months and renewable for 6 month periods.  Compensation is at $250 per hour or, at the Company’s discretion, in shares of the Company’s common stock. For the three and six months ended June 30, 2018, the Company has incurred $30,000 and $60,000 of expense under the agreement, respectively. As of June 30, 2018 and December 31, 2017, the Company had $134,909 and $187,409, respectively, in accounts payable owed to Pavillion.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i><b>Transactions with GACP</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 3, 2017, the Company entered into an asset sale and lease agreement (sale/leaseback transaction, the “Asset Sale and Lease Agreement”) with GACP, whereby the Company sold certain lab, medical and other equipment relating to the cell banking business for $400,000 and leased back the sold equipment over a three year term (See “<i>Lab and Medical Equipment Capitalized Lease</i>” below). The Company determined that the transaction was a capitalized lease and accordingly recorded the leased assets and liability based on the estimated present value of the minimum lease payments (see Notes 4 and 6).</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In connection with the asset sale and lease agreement, the Company is obligated to accrue 10% of banking revenue as for marketing, offset by any incurred costs of the Company.  At June 30, 2018 and December 31, 2017, the outstanding accrued marketing obligation is $213,464 and $141,560, respectively (see Note 5).</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 3, 2017, the Company also entered into a customer purchase agreement with GACP, whereby the Company agreed to sell, for $50,000, the first 5,000 customers of the cell banking business after the effective date of the equipment sale/leaseback agreement with rights to purchase additional customers at a price of $20 per customer.  There is no reduction in the selling price should the new customers be fewer than 5,000.  The effective date of the sale is upon the expiry or early termination of the related equipment lease transaction.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On March 3, 2017, the Company also entered into an asset purchase agreement of intellectual property with GACP whereby the Company agreed to sell all of the Company’s worldwide rights, title or interest in certain intellectual and other property (as defined) associated with the cell banking business for $50,000. The effective date of the sale is upon the expiry or early termination of the related equipment lease transaction.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In connection with the March 3, 2017 asset purchase agreement, the CEO and CSO of U.S. Stem Cell, Inc. were also retained as CEO and CSO of American Stem Cell Centers of Excellence, which is owned by General American Capital Partners (GACP), to help with scientific and successful operational deployment of clinics. Subsequently, the CSO of U.S. Stem Cell, Inc. has vacated her position but retained her positions with U.S. Stem Cell, Inc.  and subsidiaries.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On April 3, 2017, U.S. Stem Cell received a commitment to invest up to $5,000,000 from GACP with the intent for GACP to receive up to 63,873,275 shares of common stock.  To date, GACP has invested, pursuant to this commitment, $250,000 in return for 858,281 shares. Subsequent to this investment, GACP has informed the Company that they will make no further investments pursuant to this agreement and has entered into a new agreement to invest $3,000,000 to open their own clinics (branded American Stem Cell) using the US Stem Cell Inc. protocols, procedures, products and technologies. As of June 30, 2018 (effective May 9, 2018), GACP has suspended their obligation to open additional clinics (tolling such obligation to a mutually agreeable date in the future) and has suspended the monthly aggregate number of stem cell kits set forth for purchase in a given month arising from such clinics. All other terms and conditions of the agreements between U.S. Stem Cell, Inc. and GACP remain in full force and effect. As of June 30, 2018 and December 31, 2017, GACP owns 4,021,945 shares of the Company’s common stock.</p><br/></div>
544267
agreed to extend until May 1, 2012 the initial payment date for any and all required monthly under the Note, such that the first of the four monthly payments required under the Note will be due and payable on May, 2012 and all subsequent payments will be due on a monthly basis thereafter commencing on June 1, 2012, and to waive any and all defaults and/or events of default under the Note with respect to such payments. The Company did not make the required payment, and as a result, was in default of the revised agreement The Company renegotiated the terms of the Note and Northstar agreed to suspend the requirement of principal payments by the Company and allow payment of interest-only in common stock.
5000
entered into a limited waiver and forbearance agreement providing a recapitalized new note balance comprised of all sums due Northstar with a maturity date extended perpetually. The Company agreed to issue 5,000,000 shares of Series A Convertible Preferred Stock and 10,000 shares of common stock in exchange for $210,000 as payment towards outstanding debt, default interest, penalties, professional fees outstanding and due Northstar. In addition, the Company executed a security agreement granting Northstar a lien on all patents, patent applications, trademarks, service marks, copyrights and intellectual property rights of any nature, as well as the results of all clinical trials, know-how for preparing Myoblasts, old and new clinical data, existing approved trials, all right and title to Myoblasts, clinical trial protocols and other property rights.In addition, the Company granted Northstar a perpetual license on products as described for resale, relicensing, and commercialization outside the United States. In connection with the granted license, Northstar shall pay the Company a royalty of up to 8% on revenues generated.
0.08
0.1285
0.07
20000000
Company was obligated to issue additional preferred stock equal in lieu of payment of cash of accrued and unpaid interest on each six month anniversary of the effective date (October 1, 2012).
modify the voting rights of the subsequently cancelled Series A Convertible Preferred Stock from 20 votes per share on matters to be voted on by the common stock holders to 25 votes per share on matters to be voted on by the common stock holders and all prior and subsequent payments of interest will be in common stock
20000000
11000000
0.10
2
0.05
30000000
1000000
316800
8772
100000
3916
85447
275
12635
515
12705
1363
12635
4156
12705
34522
100000
57778
12705
848490
12705
286315
12703
559187
12705
262000
262000
500000
0.05
2015-01-01
101729
0
101729
500000
0.05
274221
225779
500000
500000
0.05
P1Y
500000
500000
500000
0.05
P6M
500000
310152
281903
300000
0.05
93189
144608
237797
300000
0.05
P1Y
300000
300000
300000
0.05
P6M
300000
84096
69108
The agreement is for 12 months and renewable for 6 month periods.  Compensation is at $250 per hour or, at the Company’s discretion, in shares of the Company’s common stock
30000
60000
134909
187409
0.10
Company agreed to sell, for $50,000, the first 5,000 customers of the cell banking business after the effective date of the equipment sale/leaseback agreement with rights to purchase additional customers at a price of $20 per customer.  There is no reduction in the selling price should the new customers be fewer than 5,000.  The effective date of the sale is upon the expiry or early termination of the related equipment lease transaction
5000000
63873275
250000
858281
3000000
4021945
4021945
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
Officer and Director Notes<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 10%; margin-left: 10%; width: 80%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1969" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1970" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>June 30,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2018</b></b></p>
</td>
<td id="new_id-1971" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-1972" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-1973" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>December 31,</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>2017</b></b></p>
</td>
<td id="new_id-1974" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 62%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Mr. Tomas</p>
</td>
<td id="new_id-1975" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1976" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1977" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-1978" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1979" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1980" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-1981" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">101,729</td>
<td id="new_id-1982" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Mr. Tomas</p>
</td>
<td id="new_id-1983" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1984" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1985" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">225,779</td>
<td id="new_id-1986" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1987" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1988" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1989" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">500,000</td>
<td id="new_id-1990" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Mr. Tomas</p>
</td>
<td id="new_id-1991" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1992" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1993" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">500,000</td>
<td id="new_id-1994" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-1995" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1996" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-1997" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">500,000</td>
<td id="new_id-1998" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Mr. Tomas</p>
</td>
<td id="new_id-1999" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2000" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2001" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">500,000</td>
<td id="new_id-2002" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2003" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2004" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2005" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-2006" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Dr. Comella</p>
</td>
<td id="new_id-2007" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2008" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2009" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">144,608</td>
<td id="new_id-2010" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2011" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2012" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2013" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">237,797</td>
<td id="new_id-2014" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Dr. Comella</p>
</td>
<td id="new_id-2015" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2016" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2017" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">300,000</td>
<td id="new_id-2018" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2019" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2020" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2021" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">300,000</td>
<td id="new_id-2022" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Note payable, Dr. Comella</p>
</td>
<td id="new_id-2023" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2024" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2025" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">300,000</td>
<td id="new_id-2026" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2027" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2028" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2029" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">-</td>
<td id="new_id-2030" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Total</p>
</td>
<td id="new_id-2031" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2032" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-2033" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,970,387</td>
<td id="new_id-2034" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2035" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2036" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-2037" style="width: 16%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">1,639,526</td>
<td id="new_id-2038" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table></div>
500000
500000
0
300000
0
1970387
1639526
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>NOTE 8 — STOCKHOLDERS’ EQUITY</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">During the six months ended June 30, 2018, the Company issued an aggregate of 7,059,562 shares of its common stock in settlement of outstanding accounts payable and accrued expenses. In connection with the issuance, the Company incurred a $35,236 net loss in settlement of debt.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">During the six months ended June 30, 2018, the Company issued an aggregate of 7,866,274 shares of its common stock for services.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">During the six months ended June 30, 2018, the Company issued an aggregate of 9,350,508 shares of its common stock for $367,700.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i><b>Stock Options</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">In December 1999, the Board of Directors and shareholders adopted the 1999 Officers and Employees Stock Option Plan, or the Employee Plan, and the 1999 Directors and Consultants Stock Option Plan, or the Director Plan. The Employee Plan and the Director Plan are collectively referred to herein as the “Plans” The Plans are administered by the Board of Directors and the Compensation Committee. The objectives of the Plans include attracting and retaining key personnel by encouraging stock ownership in the Company by such persons. In February 2010, the Directors & Consultants Plan was amended to extend the termination date of the Plan to December 1, 2011.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On April 1, 2013, the Board of Directors approved, subject to subsequently received shareholder approval, the establishment of the Bioheart 2013 Omnibus Equity Compensation Plan, or the “2013 Omnibus Plan”. The 2013 Omnibus Plan initially reserved up to fifty thousand (50,000) shares of common stock for issuance. On August 4, 2014, the Board of Directors approved to set the reserve to one hundred thousand (100,000) shares of common stock for issuance and to close the 1999 Officers and Employees Stock Option Plan. On February 2, 2015, at the annual meeting of shareholders, the majority of shareholders approved the 2013 Omnibus Equity Compensation Plan. On November 2, 2015, the Board of Directors approved the increase of the reserve under the 2013 Omnibus Plan to five hundred million (500,000,000) shares of common stock for issuance, effective September 16, 2016, approved an addition of twenty five million (25,000,000) shares of common stock to the reserve, effective April 21, 2017, approved an addition of twenty five million (25,000,000) shares of common stock to the reserve, effective August 7, 2017, approved an addition of thirty million (30,000,000) shares of common stock to the reserve and effective May 7, 2018, approved an addition of one hundred million (100,000,000) shares of common stock to reserve.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">A summary of options at June 30, 2018 and activity during the six months then ended is presented below:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2039" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2040" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Shares</b></b></p>
</td>
<td id="new_id-2041" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2042" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2043" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Weighted-</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Average</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Exercise Price</b></b></p>
</td>
<td id="new_id-2044" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2045" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2046" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Weighted-</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Average</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Remaining</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Contractual</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Term (in years)</b></b></p>
</td>
<td id="new_id-2047" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td> </td>
<td id="new_id-2048"> </td>
<td id="new_id-2049"> </td>
<td id="new_id-2050"> </td>
<td id="new_id-2051"> </td>
<td id="new_id-2052"> </td>
<td id="new_id-2053"> </td>
<td id="new_id-2054"> </td>
<td id="new_id-2055"> </td>
<td id="new_id-2056"> </td>
<td id="new_id-2057"> </td>
<td id="new_id-2058"> </td>
<td id="new_id-2059"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 55%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options outstanding at January 1, 2018</p>
</td>
<td id="new_id-2060" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2061" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2062" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">71,630,763</td>
<td id="new_id-2063" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2064" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2065" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2066" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0280</td>
<td id="new_id-2067" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2068" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2069" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2070" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">9.2</td>
<td id="new_id-2071" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Granted</p>
</td>
<td id="new_id-2072" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2073" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2074" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">30,000,000</td>
<td id="new_id-2075" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2076" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2077" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2078" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0536</td>
<td id="new_id-2079" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2080" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2081" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2082" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">10.0</td>
<td id="new_id-2083" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Exercised</p>
</td>
<td id="new_id-2084" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2085" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2086" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">—</td>
<td id="new_id-2087" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2088" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2089" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2090" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2091" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2092" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2093" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2094" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2095" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Forfeited/Expired</p>
</td>
<td id="new_id-2096" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2097" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2098" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(70</td>
<td id="new_id-2099" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-2100" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2101" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td>
<td id="new_id-2102" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">2,625.080</td>
<td id="new_id-2103" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2104" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2105" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2106" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2107" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options outstanding at June 30, 2018</p>
</td>
<td id="new_id-2108" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2109" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2110" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">101,630,693</td>
<td id="new_id-2111" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2112" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2113" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2114" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.034</td>
<td id="new_id-2115" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2116" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2117" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2118" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">9.0</td>
<td id="new_id-2119" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options exercisable at June 30, 2018</p>
</td>
<td id="new_id-2120" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2121" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2122" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">24,398,019</td>
<td id="new_id-2123" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2124" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2125" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2126" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.028</td>
<td id="new_id-2127" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2128" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2129" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2130" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">8.6</td>
<td id="new_id-2131" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Available for grant at June 30, 2018</p>
</td>
<td id="new_id-2132" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2133" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2134" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">86,408,070</td>
<td id="new_id-2135" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2136" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2137" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2138" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2139" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2140" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2141" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2142" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2143" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">The following information applies to options outstanding and exercisable at June 30, 2018:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td colspan="2" id="new_id-2144" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Exercise<br />
Price</b></b></p>
</td>
<td id="new_id-2145" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2146" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2147" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Number<br />
Outstanding</b></b></p>
</td>
<td id="new_id-2148" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2149" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2150" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Option Outstanding Options Average Remaining Contractual Life (years)</b></b></p>
</td>
<td id="new_id-2151" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2152" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2153" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Weighted Average<br />
Exercise price</b></b></p>
</td>
<td id="new_id-2154" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2155" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2156" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Number<br />
Exercisable</b></b></p>
</td>
<td id="new_id-2157" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2158" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2159" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Options Exercisable Weighted Average</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Exercise price</b></b></p>
</td>
<td id="new_id-2160" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2161" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2162" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0043</td>
<td id="new_id-2163" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2164" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2165" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2166" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">16,200,000</td>
<td id="new_id-2167" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2168" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2169" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2170" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">8.61</td>
<td id="new_id-2171" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2172" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2173" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2174" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0043</td>
<td id="new_id-2175" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2176" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2177" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2178" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4,050,000</td>
<td id="new_id-2179" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2180" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2181" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2182" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0043</td>
<td id="new_id-2183" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2184" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2185" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0196</td>
<td id="new_id-2186" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2187" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2188" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2189" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">22,850,000</td>
<td id="new_id-2190" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2191" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2192" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2193" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">8.23</td>
<td id="new_id-2194" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2195" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2196" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2197" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0196</td>
<td id="new_id-2198" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2199" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2200" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2201" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">11,600,000</td>
<td id="new_id-2202" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2203" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2204" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2205" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0196</td>
<td id="new_id-2206" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2207" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2208" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03626</td>
<td id="new_id-2209" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2210" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2211" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2212" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">31,865,000</td>
<td id="new_id-2213" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2214" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2215" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2216" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">9.11</td>
<td id="new_id-2217" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2218" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2219" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2220" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03626</td>
<td id="new_id-2221" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2222" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2223" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2224" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">8,125,000</td>
<td id="new_id-2225" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2226" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2227" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2228" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03626</td>
<td id="new_id-2229" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2230" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2231" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03680</td>
<td id="new_id-2232" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2233" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2234" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2235" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">10,000</td>
<td id="new_id-2236" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2237" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2238" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2239" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">9.11</td>
<td id="new_id-2240" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2241" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2242" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2243" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03680</td>
<td id="new_id-2244" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2245" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2246" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2247" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-2248" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2249" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2250" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2251" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03680</td>
<td id="new_id-2252" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2253" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2254" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0536</td>
<td id="new_id-2255" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2256" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2257" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2258" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">30,000,000</td>
<td id="new_id-2259" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2260" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2261" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2262" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">9.86</td>
<td id="new_id-2263" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2264" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2265" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2266" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0536</td>
<td id="new_id-2267" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2268" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2269" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2270" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-2271" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2272" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2273" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2274" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0536</td>
<td id="new_id-2275" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2276" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2277" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.15402</td>
<td id="new_id-2278" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2279" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2280" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2281" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">705,363</td>
<td id="new_id-2282" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2283" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2284" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2285" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">7.25</td>
<td id="new_id-2286" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2287" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2288" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2289" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.15402</td>
<td id="new_id-2290" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2291" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2292" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2293" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">622,726</td>
<td id="new_id-2294" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2295" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2296" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2297" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.15402</td>
<td id="new_id-2298" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2299" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2300" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">19.32</td>
<td id="new_id-2301" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2302" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2303" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2304" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">150</td>
<td id="new_id-2305" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2306" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2307" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2308" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">6.35</td>
<td id="new_id-2309" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2310" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2311" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2312" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">19.32</td>
<td id="new_id-2313" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2314" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2315" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2316" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">113</td>
<td id="new_id-2317" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2318" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2319" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2320" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">19.32</td>
<td id="new_id-2321" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2322" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2323" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">70.00</td>
<td id="new_id-2324" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2325" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2326" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2327" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">100</td>
<td id="new_id-2328" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2329" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2330" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2331" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">3.17</td>
<td id="new_id-2332" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2333" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2334" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2335" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">70.00</td>
<td id="new_id-2336" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2337" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2338" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2339" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">100</td>
<td id="new_id-2340" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2341" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2342" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2343" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">70.00</td>
<td id="new_id-2344" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2345" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2346" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">210.00</td>
<td id="new_id-2347" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2348" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2349" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2350" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">40</td>
<td id="new_id-2351" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2352" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2353" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2354" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">3.12</td>
<td id="new_id-2355" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2356" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2357" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2358" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">210.00</td>
<td id="new_id-2359" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2360" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2361" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2362" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">40</td>
<td id="new_id-2363" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2364" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2365" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2366" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">210.00</td>
<td id="new_id-2367" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2368" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2369" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">680.00</td>
<td id="new_id-2370" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2371" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2372" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2373" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">40</td>
<td id="new_id-2374" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;"> </td>
<td id="new_id-2375" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2376" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2377" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1.62</td>
<td id="new_id-2378" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;"> </td>
<td id="new_id-2379" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2380" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2381" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">680.00</td>
<td id="new_id-2382" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;"> </td>
<td id="new_id-2383" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2384" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2385" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">40</td>
<td id="new_id-2386" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;"> </td>
<td id="new_id-2387" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2388" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2389" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">680.00</td>
<td id="new_id-2390" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td colspan="2" id="new_id-2391" style="text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Total</p>
</td>
<td id="new_id-2392" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2393" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td>
<td id="new_id-2394" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td>
<td id="new_id-2395" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">101,630,693</td>
<td id="new_id-2396" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> </td>
<td id="new_id-2397" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td>
<td id="new_id-2398" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td>
<td id="new_id-2399" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">9.0</td>
<td id="new_id-2400" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> </td>
<td id="new_id-2401" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td>
<td id="new_id-2402" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-2403" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">0.0338</td>
<td id="new_id-2404" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> </td>
<td id="new_id-2405" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td>
<td id="new_id-2406" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td>
<td id="new_id-2407" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">24,398,019</td>
<td id="new_id-2408" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> </td>
<td id="new_id-2409" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td>
<td id="new_id-2410" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-2411" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">0.0279</td>
<td id="new_id-2412" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The aggregate intrinsic value of the issued and exercisable options of $618,835 and $210,640, respectively, represents the total pretax intrinsic value, based on options with an exercise price less than the Company’s stock price of $0.0291 as of June 30, 2018, which would have been received by the option holders had those option holders exercised their options as of that date.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On February 6, 2017, the Company granted an aggregate 30,000,000 options to purchase the Company’s common stock at $0.0536 per share to key employees, vesting over 4 years, at grant date anniversary and exercisable over 10 years. The aggregate fair value of $1,438,473, determined using the Black Scholes option pricing model with the following assumptions: Dividend yield: 0%; Volatility: 261.13% and Risk free rate: 2.90%.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The fair value of all options vesting during the three and six months ended June 30, 2018 of $137,069 and $219,624, respectively, was charged to current period operations.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">As of June 30, 2018, the Company had approximately $2,218,867 of total unrecognized compensation cost related to non-vested awards granted under the 2013 Omnibus Plan, which the Company expects to recognize over a weighted average period of 1.87 years.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i><b>Warrants</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">A summary of common stock purchase warrants at June 30, 2018 and activity during the six months ended June 30, 2018 is presented below:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2413" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2414" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Shares</b></b></p>
</td>
<td id="new_id-2415" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2416" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2417" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Weighted-</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Average</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Exercise</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Price</b></b></p>
</td>
<td id="new_id-2418" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2419" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2420" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Weighted-</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Average</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Remaining</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Contractual</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Term (in years)</b></b></p>
</td>
<td id="new_id-2421" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 55%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Outstanding at January 1, 2018</p>
</td>
<td id="new_id-2422" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2423" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2424" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">133,591</td>
<td id="new_id-2425" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2426" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2427" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2428" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">126.26</td>
<td id="new_id-2429" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2430" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2431" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2432" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.7</td>
<td id="new_id-2433" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Issued</p>
</td>
<td id="new_id-2434" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2435" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2436" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-2437" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2438" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2439" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2440" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2441" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2442" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2443" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2444" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2445" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Exercised</p>
</td>
<td id="new_id-2446" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2447" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2448" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-2449" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2450" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2451" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2452" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2453" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2454" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2455" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2456" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2457" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Expired</p>
</td>
<td id="new_id-2458" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2459" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2460" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(15,572</td>
<td id="new_id-2461" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-2462" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2463" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td>
<td id="new_id-2464" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">26.72</td>
<td id="new_id-2465" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2466" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2467" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2468" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2469" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Outstanding at June 30, 2018</p>
</td>
<td id="new_id-2470" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2471" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2472" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">118,019</td>
<td id="new_id-2473" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2474" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2475" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2476" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">139.39</td>
<td id="new_id-2477" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2478" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2479" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2480" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.7</td>
<td id="new_id-2481" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Exercisable at June 30, 2018</p>
</td>
<td id="new_id-2482" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2483" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2484" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">116,474</td>
<td id="new_id-2485" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2486" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2487" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2488" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">39.24</td>
<td id="new_id-2489" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2490" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2491" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2492" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.7</td>
<td id="new_id-2493" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The following information applies to common stock purchase warrants outstanding and exercisable at June 30, 2018:</p><br/><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td id="new_id-2494" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b> </b></td>
<td id="new_id-2495" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b> </b></td>
<td id="new_id-2496" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"><b> </b></td>
<td id="new_id-2497" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="10" id="new_id-2498" rowspan="1" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><b><b>Warrants Outstanding</b></b> <b> </b><b> </b></td>
<td id="new_id-2499" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"><b> </b></td>
<td id="new_id-2500" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="7" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"><b>Warrants Exercisable</b></td>
</tr>
<tr style="vertical-align: bottom;">
<td colspan="2" id="new_id-2501" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Exercise<br />
Price</b></b></b></p>
</td>
<td id="new_id-2502" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2503" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2504" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Shares</b></b></b></p>
</td>
<td id="new_id-2505" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2506" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2507" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Weighted-</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Average</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Remaining</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Contractual</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Term</b></b></b></p>
</td>
<td id="new_id-2508" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2509" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2510" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Weighted-</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Average</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Exercise</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Price</b></b></b></p>
</td>
<td id="new_id-2511" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2512" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2513" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Shares</b></b></b></p>
</td>
<td id="new_id-2514" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2515" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2516" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Weighted-</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Average</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Exercise</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Price</b></b></b></p>
</td>
<td id="new_id-2517" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2518" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2519" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.01 – 20.00</td>
<td id="new_id-2520" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2521" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2522" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2523" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">90,536</td>
<td id="new_id-2524" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2525" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2526" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2527" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.7</td>
<td id="new_id-2528" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2529" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2530" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2531" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">15.60</td>
<td id="new_id-2532" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2533" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2534" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2535" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">90,536</td>
<td id="new_id-2536" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2537" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2538" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2539" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">15.60</td>
<td id="new_id-2540" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2541" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2542" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">20.01 – 30.00</td>
<td id="new_id-2543" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2544" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2545" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2546" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">19,543</td>
<td id="new_id-2547" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2548" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2549" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2550" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">5.7</td>
<td id="new_id-2551" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2552" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2553" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2554" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">25.06</td>
<td id="new_id-2555" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2556" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2557" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2558" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">19,543</td>
<td id="new_id-2559" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2560" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2561" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2562" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">25.06</td>
<td id="new_id-2563" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2564" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2565" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">40.01 - 50.00</td>
<td id="new_id-2566" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2567" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2568" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2569" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,253</td>
<td id="new_id-2570" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2571" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2572" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2573" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.3</td>
<td id="new_id-2574" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2575" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2576" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2577" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">48.83</td>
<td id="new_id-2578" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2579" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2580" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2581" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,253</td>
<td id="new_id-2582" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2583" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2584" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2585" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">48.83</td>
<td id="new_id-2586" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2587" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2588" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">50.01 – 60.00</td>
<td id="new_id-2589" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2590" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2591" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2592" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">543</td>
<td id="new_id-2593" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2594" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2595" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2596" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">3.1</td>
<td id="new_id-2597" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2598" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2599" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2600" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">60.00</td>
<td id="new_id-2601" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2602" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2603" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2604" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">543</td>
<td id="new_id-2605" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2606" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2607" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2608" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">60.00</td>
<td id="new_id-2609" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2610" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">$</p>
</td>
<td style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">> $60.00</td>
<td id="new_id-2611" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2612" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2613" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td id="new_id-2614" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">5,144</td>
<td id="new_id-2615" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2616" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2617" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2618" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">3.3</td>
<td id="new_id-2619" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2620" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2621" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2622" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,800.69</td>
<td id="new_id-2623" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2624" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2625" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2626" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">3,599</td>
<td id="new_id-2627" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2628" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2629" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2630" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">701.78</td>
<td id="new_id-2631" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2632" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2633" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td id="new_id-2634" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2635" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2636" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2637" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">118,019</td>
<td id="new_id-2638" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2639" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2640" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td id="new_id-2641" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.7</td>
<td id="new_id-2642" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2643" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2644" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;">$</td>
<td id="new_id-2645" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">139.39</td>
<td id="new_id-2646" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2647" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2648" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2649" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">116,474</td>
<td id="new_id-2650" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2651" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2652" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;">$</td>
<td id="new_id-2653" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;">39.240</td>
<td id="new_id-2654" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
</table><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The aggregate intrinsic value of the issued and exercisable warrants of $-0- represents the total pretax intrinsic value, based on warrants with an exercise price less than the Company’s stock price of $0.0291 as of June 30, 2018, which would have been received by the warrant holders had those warrants holders exercised their warrants as of that date.</p><br/></div>
7059562
-35236
7866274
9350508
50000
100000
500000000
25000000
25000000
30000000
100000000
618835
210640
0.0291
30000000
0.0536
P4Y
P10Y
1438473
0.00
2.6113
0.0290
137069
219624
2218867
P1Y317D
0.0291
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
A summary of options at June 30, 2018 and activity during the six months then ended is presented below:<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2039" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2040" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Shares</b></b></p>
</td>
<td id="new_id-2041" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2042" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2043" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Weighted-</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Average</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Exercise Price</b></b></p>
</td>
<td id="new_id-2044" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2045" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2046" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Weighted-</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Average</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Remaining</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Contractual</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Term (in years)</b></b></p>
</td>
<td id="new_id-2047" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom;">
<td> </td>
<td id="new_id-2048"> </td>
<td id="new_id-2049"> </td>
<td id="new_id-2050"> </td>
<td id="new_id-2051"> </td>
<td id="new_id-2052"> </td>
<td id="new_id-2053"> </td>
<td id="new_id-2054"> </td>
<td id="new_id-2055"> </td>
<td id="new_id-2056"> </td>
<td id="new_id-2057"> </td>
<td id="new_id-2058"> </td>
<td id="new_id-2059"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 55%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options outstanding at January 1, 2018</p>
</td>
<td id="new_id-2060" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2061" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2062" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">71,630,763</td>
<td id="new_id-2063" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2064" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2065" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2066" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0280</td>
<td id="new_id-2067" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2068" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2069" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2070" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">9.2</td>
<td id="new_id-2071" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Granted</p>
</td>
<td id="new_id-2072" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2073" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2074" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">30,000,000</td>
<td id="new_id-2075" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2076" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2077" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2078" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0536</td>
<td id="new_id-2079" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2080" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2081" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2082" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">10.0</td>
<td id="new_id-2083" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Exercised</p>
</td>
<td id="new_id-2084" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2085" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2086" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">—</td>
<td id="new_id-2087" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2088" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2089" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2090" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2091" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2092" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2093" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2094" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2095" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Forfeited/Expired</p>
</td>
<td id="new_id-2096" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2097" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2098" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(70</td>
<td id="new_id-2099" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-2100" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2101" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td>
<td id="new_id-2102" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">2,625.080</td>
<td id="new_id-2103" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2104" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2105" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2106" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2107" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options outstanding at June 30, 2018</p>
</td>
<td id="new_id-2108" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2109" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2110" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">101,630,693</td>
<td id="new_id-2111" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2112" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2113" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2114" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.034</td>
<td id="new_id-2115" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2116" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2117" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2118" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">9.0</td>
<td id="new_id-2119" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Options exercisable at June 30, 2018</p>
</td>
<td id="new_id-2120" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2121" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2122" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">24,398,019</td>
<td id="new_id-2123" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2124" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2125" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2126" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.028</td>
<td id="new_id-2127" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2128" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2129" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2130" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">8.6</td>
<td id="new_id-2131" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Available for grant at June 30, 2018</p>
</td>
<td id="new_id-2132" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2133" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2134" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">86,408,070</td>
<td id="new_id-2135" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2136" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2137" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2138" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2139" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2140" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2141" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2142" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2143" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
</table></div>
71630763
0.0280
P9Y73D
0
70
2625.080
101630693
0.034
P9Y
24398019
0.028
P8Y219D
86408070
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
The following information applies to options outstanding and exercisable at June 30, 2018:<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td colspan="2" id="new_id-2144" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Exercise<br />
Price</b></b></p>
</td>
<td id="new_id-2145" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2146" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2147" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Number<br />
Outstanding</b></b></p>
</td>
<td id="new_id-2148" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2149" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2150" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Option Outstanding Options Average Remaining Contractual Life (years)</b></b></p>
</td>
<td id="new_id-2151" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2152" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2153" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Weighted Average<br />
Exercise price</b></b></p>
</td>
<td id="new_id-2154" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2155" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2156" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Number<br />
Exercisable</b></b></p>
</td>
<td id="new_id-2157" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2158" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2159" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Options Exercisable Weighted Average</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Exercise price</b></b></p>
</td>
<td id="new_id-2160" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2161" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2162" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0043</td>
<td id="new_id-2163" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2164" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2165" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2166" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">16,200,000</td>
<td id="new_id-2167" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2168" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2169" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2170" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">8.61</td>
<td id="new_id-2171" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2172" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2173" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2174" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0043</td>
<td id="new_id-2175" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2176" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2177" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2178" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4,050,000</td>
<td id="new_id-2179" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2180" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2181" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2182" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0043</td>
<td id="new_id-2183" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2184" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2185" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0196</td>
<td id="new_id-2186" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2187" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2188" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2189" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">22,850,000</td>
<td id="new_id-2190" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2191" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2192" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2193" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">8.23</td>
<td id="new_id-2194" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2195" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2196" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2197" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0196</td>
<td id="new_id-2198" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2199" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2200" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2201" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">11,600,000</td>
<td id="new_id-2202" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2203" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2204" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2205" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0196</td>
<td id="new_id-2206" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2207" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2208" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03626</td>
<td id="new_id-2209" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2210" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2211" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2212" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">31,865,000</td>
<td id="new_id-2213" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2214" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2215" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2216" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">9.11</td>
<td id="new_id-2217" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2218" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2219" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2220" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03626</td>
<td id="new_id-2221" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2222" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2223" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2224" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">8,125,000</td>
<td id="new_id-2225" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2226" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2227" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2228" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03626</td>
<td id="new_id-2229" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2230" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2231" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03680</td>
<td id="new_id-2232" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2233" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2234" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2235" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">10,000</td>
<td id="new_id-2236" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2237" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2238" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2239" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">9.11</td>
<td id="new_id-2240" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2241" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2242" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2243" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03680</td>
<td id="new_id-2244" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2245" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2246" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2247" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-2248" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2249" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2250" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2251" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.03680</td>
<td id="new_id-2252" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2253" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2254" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0536</td>
<td id="new_id-2255" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2256" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2257" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2258" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">30,000,000</td>
<td id="new_id-2259" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2260" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2261" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2262" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">9.86</td>
<td id="new_id-2263" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2264" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2265" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2266" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0536</td>
<td id="new_id-2267" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2268" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2269" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2270" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-2271" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2272" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2273" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2274" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.0536</td>
<td id="new_id-2275" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2276" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2277" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.15402</td>
<td id="new_id-2278" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2279" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2280" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2281" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">705,363</td>
<td id="new_id-2282" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2283" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2284" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2285" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">7.25</td>
<td id="new_id-2286" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2287" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2288" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2289" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.15402</td>
<td id="new_id-2290" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2291" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2292" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2293" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">622,726</td>
<td id="new_id-2294" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2295" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2296" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2297" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.15402</td>
<td id="new_id-2298" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2299" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2300" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">19.32</td>
<td id="new_id-2301" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2302" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2303" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2304" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">150</td>
<td id="new_id-2305" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2306" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2307" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2308" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">6.35</td>
<td id="new_id-2309" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2310" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2311" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2312" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">19.32</td>
<td id="new_id-2313" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2314" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2315" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2316" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">113</td>
<td id="new_id-2317" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2318" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2319" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2320" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">19.32</td>
<td id="new_id-2321" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2322" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2323" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">70.00</td>
<td id="new_id-2324" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2325" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2326" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2327" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">100</td>
<td id="new_id-2328" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2329" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2330" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2331" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">3.17</td>
<td id="new_id-2332" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2333" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2334" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2335" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">70.00</td>
<td id="new_id-2336" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2337" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2338" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2339" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">100</td>
<td id="new_id-2340" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2341" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2342" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2343" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">70.00</td>
<td id="new_id-2344" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2345" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2346" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">210.00</td>
<td id="new_id-2347" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2348" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2349" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2350" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">40</td>
<td id="new_id-2351" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2352" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2353" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2354" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">3.12</td>
<td id="new_id-2355" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2356" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2357" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2358" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">210.00</td>
<td id="new_id-2359" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2360" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2361" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2362" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">40</td>
<td id="new_id-2363" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2364" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2365" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2366" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">210.00</td>
<td id="new_id-2367" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2368" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2369" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">680.00</td>
<td id="new_id-2370" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2371" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2372" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2373" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">40</td>
<td id="new_id-2374" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;"> </td>
<td id="new_id-2375" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2376" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2377" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">1.62</td>
<td id="new_id-2378" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;"> </td>
<td id="new_id-2379" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2380" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2381" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">680.00</td>
<td id="new_id-2382" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;"> </td>
<td id="new_id-2383" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2384" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2385" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">40</td>
<td id="new_id-2386" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;"> </td>
<td id="new_id-2387" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2388" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2389" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">680.00</td>
<td id="new_id-2390" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td colspan="2" id="new_id-2391" style="text-align: justify; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Total</p>
</td>
<td id="new_id-2392" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2393" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td>
<td id="new_id-2394" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td>
<td id="new_id-2395" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">101,630,693</td>
<td id="new_id-2396" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> </td>
<td id="new_id-2397" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td>
<td id="new_id-2398" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td>
<td id="new_id-2399" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">9.0</td>
<td id="new_id-2400" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> </td>
<td id="new_id-2401" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td>
<td id="new_id-2402" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-2403" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">0.0338</td>
<td id="new_id-2404" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> </td>
<td id="new_id-2405" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td>
<td id="new_id-2406" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"> </td>
<td id="new_id-2407" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">24,398,019</td>
<td id="new_id-2408" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> </td>
<td id="new_id-2409" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td>
<td id="new_id-2410" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td>
<td id="new_id-2411" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">0.0279</td>
<td id="new_id-2412" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px; white-space: nowrap;"> </td>
</tr>
</table></div>
0.0043
16200000
P8Y222D
0.0043
4050000
0.0043
0.0196
22850000
P8Y83D
0.0196
11600000
0.0196
0.03626
31865000
P9Y40D
0.03626
8125000
0.03626
0.03680
10000
P9Y40D
0.03680
0
0.03680
0.0536
30000000
P9Y313D
0.0536
0
0.0536
0.15402
705363
P7Y3M
0.15402
622726
0.15402
19.32
150
P6Y127D
19.32
113
19.32
70.00
100
P3Y62D
70.00
100
70.00
210.00
40
P3Y43D
210.00
40
210.00
680.00
40
P1Y226D
680.00
40
680.00
101630693
P9Y
0.0338
24398019
0.0279
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
A summary of common stock purchase warrants at June 30, 2018 and activity during the six months ended June 30, 2018 is presented below:<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2413" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2414" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Shares</b></b></p>
</td>
<td id="new_id-2415" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2416" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2417" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Weighted-</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Average</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Exercise</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Price</b></b></p>
</td>
<td id="new_id-2418" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2419" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2420" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Weighted-</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Average</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Remaining</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Contractual</b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b>Term (in years)</b></b></p>
</td>
<td id="new_id-2421" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; width: 55%;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Outstanding at January 1, 2018</p>
</td>
<td id="new_id-2422" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2423" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2424" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">133,591</td>
<td id="new_id-2425" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2426" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2427" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2428" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">126.26</td>
<td id="new_id-2429" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2430" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2431" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2432" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.7</td>
<td id="new_id-2433" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Issued</p>
</td>
<td id="new_id-2434" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2435" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2436" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-2437" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2438" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2439" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2440" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2441" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2442" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2443" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2444" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2445" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Exercised</p>
</td>
<td id="new_id-2446" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2447" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2448" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">-</td>
<td id="new_id-2449" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2450" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2451" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2452" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2453" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2454" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2455" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2456" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2457" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Expired</p>
</td>
<td id="new_id-2458" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2459" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2460" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">(15,572</td>
<td id="new_id-2461" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; white-space: nowrap;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</p>
</td>
<td id="new_id-2462" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2463" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">$</td>
<td id="new_id-2464" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">26.72</td>
<td id="new_id-2465" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2466" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2467" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2468" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td>
<td id="new_id-2469" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Outstanding at June 30, 2018</p>
</td>
<td id="new_id-2470" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2471" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2472" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">118,019</td>
<td id="new_id-2473" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2474" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2475" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2476" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">139.39</td>
<td id="new_id-2477" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2478" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2479" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2480" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.7</td>
<td id="new_id-2481" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Exercisable at June 30, 2018</p>
</td>
<td id="new_id-2482" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2483" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2484" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">116,474</td>
<td id="new_id-2485" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2486" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2487" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2488" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">39.24</td>
<td id="new_id-2489" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2490" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2491" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2492" style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.7</td>
<td id="new_id-2493" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
</table></div>
133591
126.26
P4Y255D
0
0
15572
26.72
118019
139.39
P4Y255D
116474
P4Y255D
<div style="font-family: "Times New Roman", Times, serif; font-size: 10pt; ">
The following information applies to common stock purchase warrants outstanding and exercisable at June 30, 2018:<br /><br /><table border="0" cellpadding="0" cellspacing="0" class="finTable" style="width: 100%; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px;">
<tr style="vertical-align: bottom;">
<td id="new_id-2494" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b> </b></td>
<td id="new_id-2495" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt;"><b> </b></td>
<td id="new_id-2496" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"><b> </b></td>
<td id="new_id-2497" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="10" id="new_id-2498" rowspan="1" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><b><b>Warrants Outstanding</b></b> <b> </b><b> </b></td>
<td id="new_id-2499" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"><b> </b></td>
<td id="new_id-2500" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="7" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"><b>Warrants Exercisable</b></td>
</tr>
<tr style="vertical-align: bottom;">
<td colspan="2" id="new_id-2501" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Exercise<br />
Price</b></b></b></p>
</td>
<td id="new_id-2502" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2503" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2504" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Shares</b></b></b></p>
</td>
<td id="new_id-2505" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2506" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2507" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Weighted-</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Average</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Remaining</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Contractual</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Term</b></b></b></p>
</td>
<td id="new_id-2508" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2509" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2510" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Weighted-</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Average</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Exercise</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Price</b></b></b></p>
</td>
<td id="new_id-2511" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2512" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2513" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Shares</b></b></b></p>
</td>
<td id="new_id-2514" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
<td id="new_id-2515" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td colspan="2" id="new_id-2516" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Weighted-</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Average</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Exercise</b></b></b></p>
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b><b><b>Price</b></b></b></p>
</td>
<td id="new_id-2517" style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2518" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2519" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">0.01 – 20.00</td>
<td id="new_id-2520" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2521" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2522" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2523" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">90,536</td>
<td id="new_id-2524" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2525" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2526" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2527" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.7</td>
<td id="new_id-2528" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2529" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2530" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2531" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">15.60</td>
<td id="new_id-2532" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2533" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2534" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2535" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">90,536</td>
<td id="new_id-2536" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2537" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2538" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2539" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">15.60</td>
<td id="new_id-2540" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2541" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2542" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">20.01 – 30.00</td>
<td id="new_id-2543" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2544" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2545" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2546" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">19,543</td>
<td id="new_id-2547" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2548" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2549" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2550" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">5.7</td>
<td id="new_id-2551" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2552" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2553" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2554" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">25.06</td>
<td id="new_id-2555" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2556" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2557" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2558" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">19,543</td>
<td id="new_id-2559" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2560" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2561" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2562" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">25.06</td>
<td id="new_id-2563" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2564" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2565" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">40.01 - 50.00</td>
<td id="new_id-2566" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2567" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2568" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2569" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,253</td>
<td id="new_id-2570" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2571" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2572" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2573" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.3</td>
<td id="new_id-2574" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2575" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2576" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2577" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">48.83</td>
<td id="new_id-2578" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2579" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2580" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2581" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,253</td>
<td id="new_id-2582" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2583" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2584" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2585" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">48.83</td>
<td id="new_id-2586" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2587" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2588" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">50.01 – 60.00</td>
<td id="new_id-2589" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2590" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2591" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2592" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">543</td>
<td id="new_id-2593" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2594" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2595" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2596" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">3.1</td>
<td id="new_id-2597" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2598" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2599" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2600" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">60.00</td>
<td id="new_id-2601" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2602" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2603" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2604" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">543</td>
<td id="new_id-2605" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2606" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2607" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2608" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">60.00</td>
<td id="new_id-2609" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);">
<td id="new_id-2610" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">
<p style="font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">$</p>
</td>
<td style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">> $60.00</td>
<td id="new_id-2611" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2612" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2613" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td id="new_id-2614" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">5,144</td>
<td id="new_id-2615" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2616" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2617" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2618" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">3.3</td>
<td id="new_id-2619" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2620" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2621" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2622" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">2,800.69</td>
<td id="new_id-2623" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2624" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2625" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2626" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">3,599</td>
<td id="new_id-2627" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2628" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2629" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2630" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">701.78</td>
<td id="new_id-2631" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
</tr>
<tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
<td id="new_id-2632" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2633" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td id="new_id-2634" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2635" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2636" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2637" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">118,019</td>
<td id="new_id-2638" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2639" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2640" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td>
<td id="new_id-2641" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">4.7</td>
<td id="new_id-2642" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2643" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2644" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;">$</td>
<td id="new_id-2645" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">139.39</td>
<td id="new_id-2646" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2647" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2648" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td>
<td id="new_id-2649" style="width: 9%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">116,474</td>
<td id="new_id-2650" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; white-space: nowrap;"> </td>
<td id="new_id-2651" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
<td id="new_id-2652" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;">$</td>
<td id="new_id-2653" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt;">39.240</td>
<td id="new_id-2654" style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td>
</tr>
</table></div>
0.01
20.00
90536
P4Y255D
15.60
90536
15.60
20.01
30.00
19543
P5Y255D
25.06
19543
25.06
40.01
50.00
2253
P4Y109D
48.83
2253
48.83
50.01
60.00
543
P3Y36D
60.00
543
60.00
60.00
5144
P3Y109D
2800.69
3599
701.78
139.39
39.240
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>NOTE 9 — COMMITMENTS AND CONTINGENCIES</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i><b>Litigation</b></i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On December 12, 2017, a product liability lawsuit was filed in Broward County, specifically Jeannine Mallard v. U.S. Stem Cell, Inc., US Stem Cell Clinics LLC., Regenestem, LLC., Regenestem Network, LLC., and Kristin C. Comella. The Company believes the lawsuit is without merit and will defend it vigorously.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On September 17, 2015, a product liability lawsuit was filed in Broward County, specifically Patsy Bade v. Bioheart, Inc. US Stem Cell Clinics LLC, Aleiandro Perez, ARNP, and Shareen Greenbaum, M.D., and on November 30, 2015, a product liability lawsuit was filed in Broward County, specifically Elizabeth Noble v. Bioheart, Inc. US Stem Cell Clinics LLC, Aleiandro Perez, ARNP, and Shareen Greenbaum, M.D. During the year ended December 31, 2016, both matters settled by the Company’s insurance policy with no additional cost to the Company, excluding the Company payment of  the $100,000 insurance company deductible of which $11,000 was paid in fiscal 2017. As a result of the final settlement and determination of insurance coverage, the Company recognized $100,000 of expense due to litigation for the year ended December 31, 2017, of which $89,000 is included in accrued expenses at June 30, 2018 and December 31, 2017.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company is subject at times to other legal proceedings and claims, which arise in the ordinary course of its business.  Although occasional adverse decisions or settlements may occur, the Company believes that the final disposition of such matters should not have a material adverse effect on its financial position, results of operations or liquidity.  There was no outstanding litigation as of June 30, 2018 other then described above.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><i>SEC Investigation</i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On or about March 1, 2018, the U.S. Securities and Exchange Commission (“Commission”), Miami Regional Office (“Commission Staff”), served a subpoena upon U.S. Stem Cell, Inc., which seeks the production of certain documents and communications. The Commission Staff is conducting a formal non-public, fact-finding inquiry of U.S. Stem Cell, Inc (“Investigation”).  The Investigation is neither an allegation of wrongdoing nor a finding that any violation of law has occurred.  The Company is cooperating with, and has provided information and documents to, the Commission Staff.  </p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">As part of the Investigation, on or about May 14, 2018, the Commission Staff served subpoenas upon Kristin Comella and Mike Tomas, respectively, seeking the production of certain documents and communications. Ms. Comella and Mr. Tomas responded to the respective subpoenas and provided information and documents to the Commission Staff.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">At this juncture, the Company is not able to predict the duration, scope, results, or consequences of the Commission Staff’s investigation.  There can be no assurance that the Investigation will be resolved in a manner that is not adverse to the Company.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><i>Government Inquiry</i></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">On May 9, 2018, the U.S. Department of Justice filed an injunctive action, specifically United States of America v. U.S. Stem Clinic, LLC, U.S. Stem Cell, Inc., Kristin C. Comella, and Theodore Gradel. The Complaint was filed at the request of the U.S. Food and Drug Administration (FDA) and alleges that the respective defendants manufacture “stromal vascular fraction” (SVF) products from patient adipose (fat) tissue, which the companies then market as stem cell-based treatments without first obtaining necessary FDA approvals. The Company has retained counsel to defend in this action and continues discussions with the U.S. Department of Justice to achieve a favorable settlement. The Company is not able to predict the duration, scope, results, or consequences of the U.S. Department of Justice discussion or the injunctive actions.  There can be no assurance that this matter will be resolved in a manner that is not adverse to the Company.</p><br/></div>
100000
11000
100000
89000
89000
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>NOTE 10 — FAIR VALUE MEASUREMENT</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The Company adopted the provisions of Accounting Standards Codification subtopic 825-10, Financial Instruments (“ASC 825-10”) on January 1, 2008. ASC 825-10 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability, such as inherent risk, transfer restrictions, and risk of nonperformance. ASC 825-10 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 825-10 establishes three levels of inputs that may be used to measure fair value:</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Level 1 – Quoted prices in active markets for identical assets or liabilities.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Level 2 – Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Level 3 – Unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">All items required to be recorded or measured on a recurring basis are based upon level 3 inputs.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement is disclosed and is determined based on the lowest level input that is significant to the fair value measurement.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Upon adoption of ASC 825-10, there was no cumulative effect adjustment to beginning retained earnings and no impact on the financial statements.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The carrying value of the Company’s cash and cash equivalents, accounts receivable, accounts payable, short-term borrowings (including convertible notes payable), and other current assets and liabilities approximate fair value because of their short-term maturity.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">As of June 30, 2018 and December 31, 2017, the Company did not have any items that would be classified as level 1, 2 or 3 disclosures.</p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">As of June 30, 2018 and December 31, 2017, the Company did not have any derivative instruments that were designated as hedges.</p><br/></div>
<div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; ">
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>NOTE 11 — SUBSEQUENT EVENTS</b></p><br/><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">In July 2018, the Company issued an aggregate of 1,763,412 shares of common stock for services rendered.</p><br/></div>
1763412