Quarterly report pursuant to Section 13 or 15(d)

Schedule of Convertible debt (Tables)

v2.4.1.9
Schedule of Convertible debt (Tables)
3 Months Ended
Mar. 31, 2015
Schedule of Convertible debt  
Schedule of Convertible debt

Convertible debt consists of the following:

 

 

 

 

 

 

March 31, 2015

 

December 31, 2014

 

 

(Unaudited)

 

 

1% Convertible notes payable, due June 2015

$

240,000

$

                     240,000

 

 

 

 

 

11% Convertible note payable - HEP Investments, LLC, a related party, net of unamortized discount of $ 1,486,873 and $1,794,272, respectively, due at various dates ranging from June 2015 to March 2017

 

4,295,326

 

3,625,428

 

 

4,535,326

 

3,865,428

Less:  Current portion

 

3,889,544

 

3,628,386

 

 

 

 

 

            Long term portion

$

645,782

$

237,042