The company has restructuring 9 million of existing debt which the upfront payment was $2,604,000 aggregate principal amount of Senior Secured Original Issue Discount Convertible Debentures due two years from the date of issuance (the "New Debentures")
and three series of warrants to purchase shares of the Company's common stock, par value $.01 per share (the "Common Stock"), (each, a "Warrant" and, collectively, the "Warrants").