You raise an interesting question. There is little doubt that the company ran out of shares to issue since there is only a difference of roughly 95 mln shares between the authorized and the outstanding.
Are all of the debt holders paid off? I have no idea, but my belief is that they are largely paid off.
The real question that I believe you are asking is "How is the company currently financing itself?
The answer in my opinion is that their funding needs only need to cover the period between now and approval of the license, since the funding from Growlife comes upon receiving the license. In this period, I believe that Bill is funding it with his own personal debt, or in other words with his own shares. I don't believe that Bill sold his shares recently to line his pockets, but rather to repay a personal loan that he took out to fund the build-out.
This is my opinion and nothing else.
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