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Mar 31, 2017  

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I actually do thinksome Trump supporters are racists. The hosts face fell. Soon, its showtime, where Jones knows the stakes of saying things committed to tapebetter than most.A few weeks earlier on election night, hehad uttered a word that history may forever associate with Trumps win. People have talked about a miracle, Jones, 48, said on CNN. Im hearing about a nightmare. . . . I have Muslim friends who are texting me tonight saying, Should I leave the country? I have families of immigrants that are terrified tonight. Then, he emphasized, This was a whitelash. This was a whitelash against a changing country, against a black president. Clips of Joness whitelash soliloquy bounced around the Internet for weeks. But if the nation thought it had him pegged as the voice of unwavering opposition, thatsoon proved wrong. Jones began talking about the lefts responsibility to form a Love Army , describing the power of love and listening to resolve problems, bind us and build solutions. He started a program and called on Americans to sign up for #LoveArmy events.

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These decreases were driven by the use of cash to fund clinical development activities and operations, partially offset by net proceeds received from the sale of common stock and the exercise of stock options and warrants. Current liabilities increased to $5.5 million as of December 31, 2016, compared to $1.4 million as of December 31, 2015. The increase in current liabilities resulted primarily from the reclassification of $2.8 million of convertible notes payable to current liabilities due to the Companys default on the payment of quarterly interest. Also contributing to the increase was the reclassification of term debt to a current obligation base upon its October of 2017 maturity date, increased accrued expenses related to the Phase 1 clinical trial and the deferral of officer salaries. Net cash used in operating activities was $2.4 million in the year ended December 31, 2016, compared to $3.9 million in the year ended December 31, 2015. The net cash used in each of these periods primarily reflects the net loss for these periods, partially offset in part by non-cash charges recorded for share-based compensation and the effects of changes in operating assets and liabilities. In Februaryand March 2017, the Company entered into Note Purchase Agreements with a number of accredited purchasers in private transactions. Pursuant to these Note Agreements the Company sold convertible promissory notes payable (the 2017 Convertible Notes) raising gross proceeds of $3.1 million. In March 2017, the Company offered to all holders of outstanding convertible notes payable, originally issued in the fourth quarter of 2013 (the 2013 Convertible Notes) and to all holders of the demand notes payable (collectively the Notes), who were accredited investors an opportunity to convert all outstanding principal and accrued interest through March 31, 2017 into shares of our common stock at a rate of $0.75 per share. The offered conversion rate represented a $0.375, or 33.3%, discount from the rate stated in the terms of the 2013 Convertible Notes, which at the time was $1.125 per share.

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