“These shares were converted as a result of penalty interest charged by a funding source in the year ended December 31, 2016. There are no penalty charges in the three months ended March 31, 2018 or in the year ended December 31, 2017.”
No shares converted what I’m understanding. Also they had 2 loans which the balances are drastically paid down !
From 720,000 loan to $251,000
Second loan 250,000 now to $155,000
That’s great.