Convertible debt consists of the following |
Convertible debt consists of the following:
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|
|
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|
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| March 31, 2014
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| December 31, 2013
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| (Unaudited)
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1% Convertible notes payable, net of unamortized discount of $22,526 and $5,546 respectively, due at various dates ranging from September 2014 to May 2015
| $
| 288,074
| $
| 375,054
|
|
|
|
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11% Convertible note payable - HEP Investments, LLC, a related party, net of unamortized discount of $1,768,940 and $2,235,217, respectively, due at various dates ranging from June 2014 to December 2015
|
| 2,281,060
|
| 1,814,783
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|
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11% Convertible note payable, Venture Group, net of unamortized discount of $29,707
|
| -
|
| 320,293
|
|
| 2,569,134
|
| 2,510,130
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Less: Current portion
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| 1,558,727
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| 1,619,319
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Long term portion
| $
| 1,010,407
| $
| 890,811
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|