$HTSC The Debenture and all accrued interest was paid in full on September 30, 2019 by converting it into 1,251,750 shares of the Company’s Common Stock. Additionally, the Company issued 1,251,750 shares of Common Stock to convert 1,000,000 shares of the Company’s Series C Preferred Stock. Given that the transaction that created the issuance of the Debenture and the 1,000,000 shares of Series C Preferred Stock, took place with a related party, the Company’s former Chief Executive Officer, the net reduction of liabilities, which included $1,000,000 in Series C Preferred Stock, $1,500,000 in debt payable and a $4,048,766 reduction in derivative liabilities, was recorded as a $6,414,524 increase in capital in excess of par value.
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