Zerify Inc (ZRFY)

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At September 30, 2019, the Company is in default on notes payable and convertible notes payable in the aggregate amount of $3,551,924. We have not made various principal and interest payments on many of our debt obligations. We continue to seek work-out arrangements and applicable refinancing with new or revised debt or equity instruments. See Notes 2 and 4 to the condensed consolidated financial statements.