| Schedule of Convertible debt |
The Company determined that the modification of these Notes was not a substantial modification in accordance with ASC 470-50, “Modifications and Extinguishments.” | Convertible debt consists of the following:
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| June 30, 2015
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| December 31, 2014
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|
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| (Unaudited)
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| 1% Convertible notes payable, due June 2015
| $
| 240,000
| $
| 240,000
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|
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| 11% Convertible note payable - HEP Investments, LLC, a related party, net of unamortized discount of $1,745,804 and $1,794,272, respectively, due at various dates ranging from September 2015 to June 2017
|
| 4,711,396
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| 3,625,428
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|
| | 4,951,396
| | 3,865,428
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| Less: Current portion
| | 4,070,422
| | 3,628,386
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|
| | | | |
| Long term portion
| $
| 880,974
| $
| 237,042
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|