Convertible debt consists of the following |
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Convertible debt consists of the following:
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|
|
|
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| September 30, 2014
|
| December 31, 2013
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|
| (Unaudited)
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|
1% Convertible notes payable, net of unamortized discount of $-0- and $5,546 respectively, due at various dates ranging from October 2014 to May 2015
| $
| 240,000
| $
| 375,054
|
|
|
|
|
|
11% Convertible note payable - HEP Investments, LLC, a related party, net of unamortized discount of $ 2,270,176 and $2,235,217, respectively, due at various dates ranging from October 2014 to December 2015
|
| 3,064,824
|
| 1,814,783
|
| | | | |
11% Convertible note payable - Venture Group, net of unamortized discount of $29,707
| | -
| | 320,293
|
| | 3,304,824
| | 2,510,130
|
Less: Current portion
| | 2,823,431
| | 1,619,319
|
| | | | |
Long term portion
| $
| 481,393
| $
| 890,811
|
|