Quarterly report pursuant to Section 13 or 15(d)

Convertible debt consists of the following (Tables)

v2.4.0.8
Convertible debt consists of the following (Tables)
9 Months Ended
Sep. 30, 2013
Convertible debt consists of the following  
Convertible debt consists of the following

Convertible debt consists of the following:

 

 

 

 

 

 

September 30, 2013

 

December 31, 2012

 

 

(Unaudited)

 

 

1% Convertible notes payable, net of unamortized discount of $12,694 and $45,300 respectively, due at various dates ranging from January 2014 to September 2014

$

422,906

$

440,300

 

 

 

 

 

11% Convertible notes payable, net of unamortized discount of $2,148,521 and $695,935, respectively, due at various dates ranging from December 2013 to September 2015

 

1,651,479

 

636,066

 

 

2,074,385

 

1,076,366

Less:  Current portion

 

1,531,734

 

482,458

 

 

 

 

 

            Long term portion

$

542,651

$

593,908