Schedule of Convertible debt |
Convertible debt consists of the following:
|
|
|
|
|
|
|
| March 31, 2017
|
|
| December 31, 2016
|
|
| (Unaudited)
|
|
|
|
1% Convertible notes payable, due April 2017
| $
| 240,000
|
| $
| 240,000
|
| | |
| | |
11% Convertible note payable HEP Investments, a related party, net of unamortized discount of $638,809 and $574,443 at March 31, 2017 and December 31, 2016, respectively, due September 2018 (at March 31, 2017).
| | 12,803,030
|
| | 8,572,757
|
11% Convertible note payable New Lenders; placed by Paulson, due at various dates ranging from September 2018 to October 2018
| | 1,250,000
|
| | 1,250,000
|
| | 14,293,030
|
| | 10,062,757
|
Less: Current portion
| | 240,000
|
| | 6,886,710
|
| | |
| | |
Long term portion
| $
| 14,053,030
|
| $
| 3,176,047
|
|