Convertible debt consists of the following (Details) - USD ($) |
Mar. 31, 2016 |
Dec. 31, 2015 |
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Convertible debt consists of the following | ||
1% Convertible notes payable, due April 2016 | $ 240,000 | $ 240,000 |
11% Convertible note payable - HEP Investments, LLC, | 6,300,920 | 5,583,269 |
Total Convertible notes payable | 6,540,920 | 5,823,269 |
Less: Current portion of Convertible notes payable | 1,654,301 | 1,224,510 |
Long term portion of Convertible notes payable | $ 4,886,619 | $ 4,598,269 |
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- References No definition available.
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- Definition Carrying value as of the balance sheet date of the portion of long-term debt due within one year or the operating cycle if longer identified as Convertible Notes Payable. No definition available.
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- Definition Carrying value as of the balance sheet date of long-term debt (with maturities initially due after one year or beyond the operating cycle if longer) identified as Convertible Notes Payable, excluding current portion. No definition available.
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder. No definition available.
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- Definition 1% Convertible notes payable, due April 2016 No definition available.
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- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of a written promise to pay a note, initially due after one year or beyond the operating cycle if longer, which can be exchanged for a specified amount of one or more securities (typically common stock), at the option of the issuer or the holder. No definition available.
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