Schedule of Convertible Debt |
|
|
December 31, |
|
December 31, |
|
|
2019 |
|
2018 |
1% Convertible notes payable, due January 2020 |
$ |
240,000 |
$ |
240,000 |
11% Convertible note payable HEP Investments, LLC, a related
party, net of unamortized discount and debt issuance costs of $-0- and
$1,562,425, respectively, due June 30, 2019 (as of December 31, 2019 no
notice of default has been received)
|
|
4,090,342 |
|
16,788,215 |
11% Convertible note payable New Lenders; placed by
Paulson, due at various dates ranging from September 2018 to October
2019 (as of December 31, 2019 no notice of default has been received)
|
|
950,000 |
|
950,000 |
|
|
5,280,342 |
|
17,978,215 |
Less: Current portion |
|
5,280,342 |
|
17,978,215 |
Long term portion |
$ |
- |
$ |
- |
|