Subsequent Events |
12 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Notes to Financial Statements | |
| 15. Subsequent Events |
On October 4, 2018 the Company issued approximately 40,226 shares of common stock to Jax Legacy related to interest of $0.9 million on the 10% Note.
On October 4, 2018 the Company issued approximately 130,952 shares of common stock to the SNI Sellers related to interest of $1.5 million on the 9.5% Notes.
On November 9, 2018, the Company issued 250,000 shares of common stock to a SNI Seller for the conversion of 250,000 shares of Series B Convertible Preferred Stock. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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