Quarterly report pursuant to Section 13 or 15(d)

Schedule of Convertible debt (Tables)

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Schedule of Convertible debt (Tables)
9 Months Ended
Sep. 30, 2015
Schedule of Convertible debt  
Schedule of Convertible debt

Convertible debt consists of the following:

 

 

 

 

 

 

September 30, 2015

 

December 31, 2014

 

 

(Unaudited)

 

 

1% Convertible notes payable, due October 2015

$

240,000

$

240,000

 

11% Convertible note payable - HEP Investments, LLC, a related party, net of unamortized discount of $1,795,799  and $1,794,272, respectively, due at various dates ranging from October 2015 to September 2017

5,131,401

3,625,428

 

5,371,401

3,865,428

Less:  Current portion

4,929,544

3,628,386

 

            Long term portion

$

441,857

$

237,042