Annual report pursuant to Section 13 and 15(d)

Convertible debt consists of the following (Tables)

v2.4.0.8
Convertible debt consists of the following (Tables)
12 Months Ended
Dec. 31, 2013
Convertible debt consists of the following  
Convertible debt consists of the following

Convertible debt consists of the following:

 

 

 

 

 

 

December 31,

2013

 

December 31,

2012

 

 

 

 

 

1% Convertible notes payable, net of unamortized discount of $5,546  and $45,300 respectively, due at various dates ranging from January 2014 to September 2014

$

375,054

$

440,300

 

 

 

 

 

11% Convertible note payable – HEP Investments, LLC, a related party, net of unamortized discount of $2,235,217  and $517,542, respectively, due at various dates ranging from December 2013 to December 2015

 

1,814,783

 

482,458

 

 

 

 

 

  11% Convertible note payable, net of unamortized discount of $29,707  and $178,393, respectively, due January 2014

 

320,293

 

153,608

 

 

2,510,130

 

1,076,366

Less:  Current portion

 

1,619,319

 

482,458

 

 

 

 

 

            Long term portion

$

890,811

$

593,908