Quarterly report pursuant to Section 13 or 15(d)

Convertible debt consists of the following (Tables)

v2.4.0.8
Convertible debt consists of the following (Tables)
3 Months Ended
Mar. 31, 2014
Convertible debt consists of the following  
Convertible debt consists of the following

Convertible debt consists of the following:

 

 

 

 

 

 

March 31, 2014

 

December 31, 2013

 

 

(Unaudited)

 

 

1% Convertible notes payable, net of unamortized discount of $22,526 and $5,546 respectively, due at various dates ranging from September 2014 to May 2015

$

288,074

$

375,054

 

 

 

 

 

11% Convertible note payable - HEP Investments, LLC, a related party, net of unamortized discount of $1,768,940   and $2,235,217, respectively, due at various dates ranging from June 2014 to December 2015

 

2,281,060

 

1,814,783

 

 

 

 

 

11% Convertible note payable, Venture Group, net of unamortized discount of $29,707

 

-

 

320,293

 

 

2,569,134

 

2,510,130

Less:  Current portion

 

1,558,727

 

1,619,319

 

 

 

 

 

            Long term portion

$

1,010,407

$

890,811