Typical statement without the quotes and links as always. You won't find anything in the filings that states that this debt has been settled and there would be no reason to retire it early. A couple of lines from the last quarterly below. They must convert every month to stay afloat. I'm in another a stock at the moment where posters were complaining that the OS just went up 10 million shares since last report, LOL, 10 million and they complain!
Look over the numbers and you have to ask yourself if they are better off now than last year after the previous reverse split.
"During the three months ended March 31, 2021, the Company converted notes with principal amounts and accrued interest of $1,340,150 into 203,494,048 shares of common stock..."
"We recognized $838,000 of revenue during the three months ended March 31, 2021, compared to $478,000 in revenue for the three months ended March 31, 2020. We had net billings for the three months ended March 31, 2021 of $624,000 compared to $603,000 in the prior year period. Deferred revenues are $1,287,000 as of March 31, 2021, a decrease of $231,000 from $1,518,000 as of December 31, 2020
"General and administrative expenses for the three months ended March 31, 2021 amounted to $1,434,000 as compared to $1,425,000 for the three months ended year ended March 31, 2020"
"During the three months ended March 31, 2021 and 2020, we reported a loss from operations of $858,000 and $1,102,000, respectively; and, used cash flows from operating activities totaling $384,000 and $343,000, respectively, for the same periods..."
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