Toxic lending is par for most stinky pinkies, which is why they are such awful investments.
Actually, the higher the revenue, generally the higher the toxic loans needed, so look for the Q1 10Q to provide a record amount of toxic debt for PNTV and the stock to head back to sub-penny.
Also, start to plan for a reverse split as the O/S grows once the toxic note holders are able to convert.
"There's a sucker born every minute, 2 to take him and 4 to lend him toxic debt" PT Barnum's investment advisor.